ICT YT - 2020-08-12 - ICT Forex Price Action Lesson - EurUsd MRP.srt
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ICT: Hell do, folks.
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All right, so we're looking at the euro dollar. I gave you
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guys a trade example yesterday managing it through trading
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views. paper trading application right down here. Alright,
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so for some of you that are new, the question is going to
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be, well, if you're teaching why teaching with paper trades
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well, because in the United States, I'm not licensed to get
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trade advice. So that's what we're doing here. We're giving
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out paper trade hypothetical examples and proving that I can
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see prices before it moves. Alright. One of the things I
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want you to consider before we get into this video and I'll
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try to keep it very, very short, I promise it will be a
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brief one but I have a lot of people that try to send
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comments to me and my comments are filtered. Because a lot
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of crap that comes, by my way, so I try to keep that to a
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minimum. But the number one complaint is I talk too much. So
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I'm going to try to give you great concise videos where
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you're gonna see the difference between not talking about
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the real reasons what's going on, and how you work towards
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developing as a consistent trader, which is what you get in
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my tutorial videos on this YouTube channel. Versus me just
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saying, okay, here's me doing it. And here's me saying, This
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is what happened. And that's it. And you're going to see
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that there's a distinct difference between that and really
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learning. There's someone that has experienced like myself,
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so. Alright, anyway, have you heard this before? You see
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this a lot on YouTube. I'm going to show you this trade that
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I took, but I'm going to use the replay button because just
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work with me just doesn't feel right does it and This is a
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trade I took. And they don't have anything like this on the
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chart. They don't show any kind of trade history, none.
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Okay, they have no proof that they can manage a trade or an
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idea. That's what's going on right now on YouTube. And it's
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ramp it. They all talk about fair value gaps, breakers,
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bullish order blocks, bearish order blocks, mitigation
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blocks, and they're all mislabeled. cb busy. These are all
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mine terms. These are all things that I understand how to
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use, clearly. And I'm giving you examples of it here. And
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I'm gonna try to give you an example once a week. That way
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you guys can see, number one, it's not a facade. It's not a
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rented empty for server. Okay? I'm only teaching even when
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my mentorship through tradingview and I don't use the replay
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button up here. You guys can watch the video I did
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yesterday, managing this tire position here. Okay, I had a
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guy send me an email saying I'm adding arrows. To the chart.
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So okay, well, I'll just do another trade. And you can see
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it, I'll manage it the entire day. And that's what I did
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yesterday. So everything all the way down to the actual
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getting stopped out here on the final balance. And I want to
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kind of go over in short fashion, why it's important to have
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someone that can do it and prove they can do it, not just
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once in a while, but consistently. And this is the kind of
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stuff I do every single week. And for the large part, it's
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been unseen by YouTube. I mean, I've done some examples last
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year took a small cat ran out really big. And that's fine at
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all. But I want you to appreciate seeing what it's like
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following the progress of what would be reasonable in terms
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of expectations. Now, I'm not saying that you should be
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starting as a trader trading with $750,000 in leverage with
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a short Okay, I'm not, I'm not saying that you should be
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doing that. But what I'm showing you is how you as a
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developing trader should learn to take profits, and pay
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yourself along the way. I can take that trade here and hold
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for the entire run down here and get out, I can do that. But
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when I show examples, I want you to learn from the visual
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approach to me doing it. That way you can see it's
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beneficial to do so you as a developing trader aren't going
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to know if this is a good entry point to hold to get out
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below here. That's unreasonable. So while you grow in your
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understanding, you want to take partial profits along the
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way, and then when it does get to your objective, then it
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feels much better because you've managed the risk. You've
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managed the uncertainty and the psychological warfare that's
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going on the entire time you're in the trade. So I just
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tossed that in there as the only jawboning you're gonna get.
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Alright, so what actually took place yesterday Put the
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annotations on the chart. What was going on in my mind was
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we had a market run up,
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initially up to the big figure 118. So 118, two traded
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through at once, twice, three times, and then broke down,
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clearing this short term low here, when it broke down below
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that it started consolidating sideways. And then when we
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entered the London close after running the big figure, which
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is something I teach actually on this YouTube channel, so if
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you go and search through my videos, trading the big figure,
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or trading figures or something like that, I can't exactly
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what the title was. But the video goes over with some of the
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details that you can figure it out of the price action here.
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But this high to this low, you get an optimal trade entry in
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here and trades up into it again here. And all I did was
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usually small little optimal trade entry right there during
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London close. What is London clothes 10 o'clock in the
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morning to noon, New York time. It's not always the And the
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range. And when you know you're doing and you understand the
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algorithm, and real institutional trading is a big buzzword
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right now on YouTube, isn't it institutional trading? like,
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Okay, show me institutional trading show me that you can
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reprice before it happens. Sadly, you don't see that
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happening. But if they can you got some of you know what
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it's doing it improves it every single day or every single
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week, send me their link. I'd love to be able to watch them
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because right now it's just me. So the optimal trade entry
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rate in here trades up into a bearish order block. You guys
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can watch that video yesterday and see actually execution
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right there as it happens. And the first draw on liquidity
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which is DLL here is this little abbreviation and it's an
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expired little magnet I put on there to draw your attention
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to if you're watching the chart or looking at the chart,
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just like this one was down here. First profit was taken
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there. And partial was taken here. As we entered into it,
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we're blocked another order block going in here ahead of
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this look, because it could very easily retrace, and come
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back up here and wipe out these equal highs. See, as a
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developing trader, you're not going to know if that's likely
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to happen or not. I have things that I can see but I like to
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teach and preach at the same time. So if you can't follow
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the logic of why you take partial profits along the way, if
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you're the type of person who says, well, it's one and done,
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you know, I'm going to get in and get out with my full
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profit or nothing or take a loss. Well, you're not going to
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be around in this business very long, especially if you're
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developing student because the mark is gonna eat you alive.
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But once it gets below the low over here, okay, as it was
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approaching rather than me say it that way, I offered the
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opportunity for the market to limit me out below the 117 big
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figure and you can see that in the recording, it wasn't
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having any of that it went down below the load, allow me to
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get out below the low, this lower here, but then stop loss
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tight. Because I didn't want to have any kind of retracement
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up on the position after taking that low out because that
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could happen. And I don't want to give up a good profit.
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hypothetical nonetheless. But all these points in here
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referenced in here, you can see all the business here. So
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this is what I'm referring to when you when you see these
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guys online, it's all the multi level marketing guys in IML.
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Guys that claim they know how to do institutional trading,
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but you don't see him doing anything. They have a lot to say
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about the left side of the chart. Show me the right side of
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the chart. But anyway, looking at the New York session, we
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get a lot of thumbs down on this video because of that
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comment. It's okay. It's okay. It still helps algorithm pump
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up my views. So we have the New York session today. This is
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what happened to that post on the community tab on my
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YouTube channel. Focus on the 15 minute timeframe. When a 15
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minute timeframe, we'll look at the moment because it's the
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118 07 level Okay, we'll look at that in a minute. But on
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the five minute chart, we can see what I taught you all
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free, no charge whatsoever, the optimal trade entry trading
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model, using the 830 in the morning till nine o'clock in the
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morning timeframe. And we have one optimal trade entry
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there. Which waterblock you have one optimal trade entry
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their bullish order block inside of the time window and
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trading up above the 180 day figure. And above that red
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line, what is that red line? Well, I counseled you all to go
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to the 15 minute timeframe.
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And had you done that you would have seen these relative
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equal highs. So above that is where the market is likely to
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draw to. And it popped right above that, just like I taught
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you on this YouTube channel, didn't cost you anything but
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the time that study it, and it delivers every single day.
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There is not one single quote unquote mentor out there that
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you're going to have to pay for. That'll give you something
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better than that consistent pattern. It delivers every
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single day. And truth be told, when I started on baby pips
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in 2010. That was the actual model I was doing when I was
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recapping majority of all the trades I was showing you at
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that time. So it's got longevity, and it was working for me
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in the 90s as well. It's in the 1990s. Folks, Millennials
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didn't aren't used to seeing things before 2000. But that's
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the business on the eurodollar and what took place and if
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you'd like these kind of videos, if you'd like to see things
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like this more frequently, I'd be happy to do it. Just give
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me some support with a thumbs up and share the video. And
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I'll talk to you next time. Wish you good luck and good
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trading.