ICT YT - 2019-09-16 - High Probability Forex Day Trading.srt

Version 1.1 by Drunk Monkey on 2020-12-09 06:17

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ICT: Alright, so we're gonna look at a ICT, New York open day trade. This is a
scalp. And this is a typical exercise that we use for one minute charts. But it

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also actually can be a trading model. The chart I have here is a one minute
chart, it's denoting the New York open kill zone. And this is seven o'clock in

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the morning, New York time. And I'm highlighting the bullish order block and the
buy side liquidity pool above the marketplace that I'm interested in taking

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profits, should I get an entry at the blue shaded area. So I'm watching price in
here. And there's two points of reference I'm looking at. And in a moment,

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you'll see equal highs form. And I'll annotate that in the charts, you can see
what I'm referring to and waiting for a bearish order block to send price down

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into that blue, shaded bullish order block. The idea is I'm going to be buying
at that blue area, and then selling at the orange area. So I'm forecasting it in

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advance. I've annotated the chart at the time of this recording this morning.
And I recorded and sped it up into 40 seconds and sent it on my Twitter feeds.

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That way you can see all this was already there. This is a little bit slower, as
a little bit over an hour or so of actual time recorded.

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Okay, you can see the equal highs they're forming now. and annotate the charts
you can see there's there's two equal highs, that's I'm waiting for it to run

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above that, and trade into the bearish order block, it's annotated here with the
yellow box. Now at the time of recording, I didn't have that yellow box or that

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shaded area here, because I'm trading the market. I'm printing that here so you
can see and follow along with the narrative I had in mind at the time. So it's

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going to pop up into that yellow shaded area. Now if this was a larger
timeframe, I would sell it that yellow area and then cover the short at the blue

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area, but the pips are just too small. The larger move I'm anticipating is that
blue area up to the orange area. Okay, so now I'm just waiting for price to drop

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lower, we hit a bearish order blocks and we're going to look for the relative
equal lows to be violated. And we get that on this candle here. All right, now

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we're going to watch it drop in, I'm getting an order ready. So now all I'm
doing is watching price, I want to see price drop down into that blue shaded

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area. And when it does, I'm going to click the buy. So that we might order goes
in immediately at the market, my stock goes in and then my limit also goes in

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the same time. So now I'm long and now monitoring price, and I want to see
price, go below 2432.

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And these are minute candles and you'll see how much time transpires. Now that's
it, that's a run. The market should expand on the upside, this is what I'm

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thinking at the time. And that's right there a positive I'm going to see that
right there. And what I'm saying is should price trade above that short term

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high, that's the only time I'll move my stop. It should be some expansion here
on the upside, I'm showing the time of the recording real time. So we've run

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above that short term high blue above that. I said liquidity pool am going to
anticipating another run into that orange shaded area. I'm gonna scale off here

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at 12 on 2464. And then I took off another remaining portion I left to one and
you'll see me move the trailing stop loss up which eventually gets tagged out

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but 80% of the trade was taken out at the highs and there you go.