ICT YT - 2020-08-10 - ICT Forex OTE Example - EurUsd.srt

Last modified by Drunk Monkey on 2021-06-10 10:06
1 00:00:00,000 --> 00:00:12,060 ICT: Give us a quick little ditty on euro dollar. So 15 minute chart. And I'll give you a little bit of a example of the optimal trade entry. And it's a series
2 00:00:12,090 --> 00:00:21,660 of videos that you can study on the YouTube channel. Real quick, public announcement about the YouTube channel. In case you haven't already noticed, I
3 00:00:21,660 --> 00:00:35,040 am no longer on Twitter. And I'm no longer on Instagram. So all of my social media will be focused primarily on my inner circle trader YouTube channel, as
4 00:00:35,040 --> 00:00:48,390 you can see here. And instead of Twitter and Instagram, I'm using the community tab on the YouTube channel. So when we go to this tab on my YouTube channel, you
5 00:00:48,390 --> 00:01:01,710 can see posts and such the same way I was doing on Twitter, but just not as much. So it'll be a little bit more concise and more reader friendly. And I'll
6 00:01:01,710 --> 00:01:13,830 try to keep my tomfoolery to a minimum. No promises though. And several, we're looking at the euro dollar here. And once you consider what you have here and
7 00:01:13,860 --> 00:01:27,480 the price structure, clearly you can see that we've had a breakdown and are created equal highs ahead of what the New York open market trades, lower
8 00:01:28,590 --> 00:01:42,450 rejects, trades higher, comes back up into these three candles here these three candles are considered one bearish ICT order block and optimal trade entry. Take
9 00:01:42,780 --> 00:01:54,090 particular attention to the candles body. So that's going to be important in a moment in the market breaks down, comes back in, expands Lower, lower one more
10 00:01:54,090 --> 00:02:07,350 time and finally drives into this low here. And most importantly, this was last week's Friday low. So it's going to be important to keep that in mind because
11 00:02:07,440 --> 00:02:18,090 that's what this move is reaching for. Okay, so try not to consider any of the Sunday data. Sunday's data can be helpful sometimes, but not all the time. But
12 00:02:18,570 --> 00:02:29,790 for general thumb, just keep Sunday's data out of your analysis and you'll be probably better served by doing so. I see your surprise days Whoa. And we have
13 00:02:29,820 --> 00:02:43,980 the market creates a run. Just pierces Fridays went a little bit here on the London open trade down right into the New York open. There's a smaller optimal
14 00:02:43,980 --> 00:02:51,930 trade entry. And here you can look at that on your five minute chart. And that will be a run on these relatively equal highs expands up optimal trade entry.
15 00:02:53,400 --> 00:03:07,500 high low New York session we're going to aim for Friday's low. So you can use the 62% retracement level here. And using a 20 PIP stop loss that will put your
16 00:03:07,530 --> 00:03:19,830 stop just about in this high here. So you'd be able to withstand all of the expansion beyond the 70% treatment level. But specifically allowing to the
17 00:03:19,860 --> 00:03:30,930 bearish order block would be all three candles together. So the market creates an optimal trade entry short here and starts to trade lower and sweeps Friday's
18 00:03:30,930 --> 00:03:41,070 low. Again, disregard this, because this is something that took place in the London session. So now the new session begins. We trade up for the opportunity
19 00:03:41,070 --> 00:03:50,850 to short targets would be Friday's low, and now the intraday low that's formed today. So I just wanted to share that just as a continuing reminder of the very
20 00:03:50,850 --> 00:03:58,740 simple pattern I shared very publicly in free. You don't have to worry about paying for any subscriptions or paying for a course or like that does go through
21 00:03:58,740 --> 00:04:09,960 the tube channel posted comments and commentary with each individual setup as examples. There's 20 individual days that have been shared with you publicly on
22 00:04:09,960 --> 00:04:19,260 my YouTube channel for the optimal trade entry. So reaching for previous day's highs and lows, looking for time of day rebalancing to a specific point of
23 00:04:19,350 --> 00:04:27,420 overbought or oversold in this case we will be overbought, we don't need any kind of overbought and oversold indicator to get to that decision. And the
24 00:04:27,420 --> 00:04:37,170 market has delivered a tradable price run to a point of liquidity that would otherwise be forgotten because we've already went below here and here, but we're
25 00:04:37,170 --> 00:04:44,670 in a new trading week. So the new trading week on Mondays. You always want to refer to Friday's data, try not to worry too much about Sunday's data unless
26 00:04:44,670 --> 00:04:54,840 it's a gap. If we have a gap up, then look for the gap to be filled in and then trade in the direction of the gap opening or the gaps down on Sundays opening
27 00:04:54,870 --> 00:05:03,630 look for a filling of the gap trading higher and then trading in the direction of the game. Up opening lower. So that's it for today. Hopefully you found this
28 00:05:03,630 --> 00:05:05,820 insightful until next time, wish good luck and good trading.