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ICT YT - 2020-09-03 - ICT Forex Price Action Lesson - GbpUsd London Close Short.srt

Last modified by Drunk Monkey on 2021-06-12 06:34
1 00:00:17,310 --> 00:00:26,370 ICT: Hello, folks, welcome back. So I promised you guys, I would do a video on Thursday. So I'm gonna try to do a video every Tuesday and Thursday. And
2 00:00:26,400 --> 00:00:36,120 obviously, my mentorship videos will still be Wednesday midweek and Friday or whatever weekend, they depend upon my personal schedule. So it's four videos a
3 00:00:36,120 --> 00:00:46,860 week. The video I'm showing you here today is kind of like to reinforce the idea. As I mentioned in the previous lesson, I was teaching you secrets to
4 00:00:46,860 --> 00:01:01,530 volume. And the X ray view of how price provides us an opportunity pretty much every single trading day. And I'm going to show the annotations, kind of walk
5 00:01:01,530 --> 00:01:15,630 you through it, and talk about a trade I took this morning. And I took a trade here, I sold short here, and I covered below these lows here. Now, stop right
6 00:01:15,630 --> 00:01:29,820 there. That's what you see everyone else doing on YouTube. And you're supposed to believe that you're supposed to believe it. And they're wanting you to give
7 00:01:29,820 --> 00:01:42,390 them your time. Some of them want your money. And they have no evidence what's so ever that they know what you're talking about. So you can look at this chart
8 00:01:42,390 --> 00:01:48,750 and saying, Oh, yeah, well, this is one of those optimal trade entries. And it goes up to this order block here, and then went down to these relative equal
9 00:01:48,750 --> 00:02:00,720 loads. That's what everyone else is doing. Okay. So as I promised, I would provide you evidence and examples of me executing. And I'm using the medium that
10 00:02:00,720 --> 00:02:11,160 everyone else is using now, because mt four is a joke. It's manipulated, you can scam everybody with it. I personally don't have an empty for server, but people
11 00:02:11,160 --> 00:02:21,480 in the past have always accused me because of where my entries are, and how I execute. So now I want you all to look at this, if you think that tell me how
12 00:02:21,480 --> 00:02:34,680 I'm manipulating trading view. Alright, so I taught you in the last teaching, that the market will respect the previous day's range. And if it's a sell, it's
13 00:02:34,680 --> 00:02:43,860 going to form in the lower 50% of the daily range. Alright, so there's a lot of things you can do with that information. But if you couple it with what I taught
14 00:02:43,890 --> 00:02:55,320 in my high probability scalping series on this YouTube for free, and couple that also with the optimal trade entry, pattern recognition series, you have a
15 00:02:55,320 --> 00:03:05,160 complete system. I do talk about money management here in this YouTube channel. And that right there is the final piece of the puzzle. So if you're looking for
16 00:03:05,160 --> 00:03:16,620 a way to find profitability, and not invest in anyone's courses, you can start here at his YouTube channel. And I'm 100% confident if you put the work into it,
17 00:03:16,950 --> 00:03:28,320 you will find a profitable model using what I taught here for free. So think about that, folks, I'm giving you something that is absolutely better than
18 00:03:28,320 --> 00:03:41,340 everything else out there for sale for free. Now watch how it's done. Here's the annotations I had on the chart. And here is the bearish order block. Price
19 00:03:41,340 --> 00:03:58,530 trades up into it Here comes down right back up into the order block again, this high to this low. That's your optimal trade entry. So it's this high to that low
20 00:03:59,370 --> 00:04:10,470 optimal trade entry 62% retracement level 17.5 sweet spot, it starts to break down. So you know you have a willingness to anticipate lower prices if it
21 00:04:10,470 --> 00:04:21,600 retraces back up into September's low here September 2 daily low rather, September 2 high and low split that range in half. Here's 50%. So the annotation
22 00:04:21,600 --> 00:04:32,190 I have here is is what EPA does EPA is the interbank price delivery algorithm. If the limits the expansion to 50% of the previous 24 hour trading period during
23 00:04:32,220 --> 00:04:43,530 London protraction phase optimal short entries will reside in this dealing range. From this point here, down to here, you want to be hunting shorts. So you
24 00:04:43,530 --> 00:04:52,470 have a price swing from here to here, it retraces back up in it drops back down and I'm going to take a short rate on this candle right there. Now you can't
25 00:04:52,470 --> 00:05:04,170 really see it because I don't have the execution showing but I'll put them on now and I'll show toggling them on and off, see profit taking enough stop out on
26 00:05:04,170 --> 00:05:13,320 the final portion. And here is the other entry, okay on that candle. So it's the low candle and the high candle I'm entering on. But I'm actually trading on a
27 00:05:13,320 --> 00:05:14,580 one minute chart, as you'll see.
28 00:05:16,170 --> 00:05:31,650 So I want you to see what looks like on a five minute. Here's the five minute chart. Okay, and I'm entering on this candle and exiting in here. And again,
29 00:05:31,650 --> 00:05:45,150 I'll show you that executions, toggling them on and off. As you can see, there's no manipulation whatsoever. Okay, I'll leave them on now. And I'm going to drop
30 00:05:45,150 --> 00:05:58,680 back in to a one minute chart. She can respect the entry on this candle here. And the Prophet Nick was here and then I got stopped out on the candle that
31 00:05:59,520 --> 00:06:07,980 shows it running here. Alright, so that's the details using the information I've already given you freely on this YouTube channel. And in the previous lesson,
32 00:06:08,310 --> 00:06:19,590 now I'm gonna let you watch me do the execution from entry to close. Hope you found this insightful until next time wish good luck and good trading. Alright,
33 00:06:19,620 --> 00:06:30,330 so here is the live execution and management, shorting 3 million, that's $300 per Pip. You see all the confirmations that the orders have now been entered in
34 00:06:31,590 --> 00:06:42,840 15 pips stop, opens the trade. And I'm targeting the relative equal lows. Now later on, I'll move it down a little bit just in case I get a runner. But you'll
35 00:06:42,840 --> 00:06:58,260 watch me execute, like 80% of the position more than 80% that will be closed when we trade underneath these relatively equal lows, so I'm already getting a
36 00:06:58,260 --> 00:07:07,590 positive confirmation on one side. And you might look at that and say, Okay, well, isn't that those relatively equal highs? Aren't you afraid to get stopped
37 00:07:07,590 --> 00:07:18,630 out? No, because we've already went up into the order block once here. And now this is a reclaimed order block. So this is actually a London close short. It's
38 00:07:18,630 --> 00:07:28,020 not necessarily a New York session, as I teach it on the YouTube channel and in its entirety. But it's overlapping with the same premise because it's most
39 00:07:28,020 --> 00:07:38,460 likely going to go lower than it will run this high here. So I'm targeting here in my mind, and I'm focusing on the price action over here. I'm not watching the
40 00:07:38,460 --> 00:07:48,330 p&l, even though you guys are probably looking at that number. I'm watching how it's moving back and forth. So I moved down to a one minute charts, you can
41 00:07:48,330 --> 00:07:59,820 appreciate the entry and just lowered my stop loss. So at some point, you'll see it start to break down. And I'll tell you what we can do with that when it
42 00:07:59,820 --> 00:08:12,180 occurs. It's happening right now. Now there's an order block right in here that it's going to go back up into and hate it. And then you'll see a heavy sell off
43 00:08:12,180 --> 00:08:17,910 like right now it's creating a sell off. But you can be a seller up in here again, if it goes up into it.
44 00:08:24,029 --> 00:08:33,179 That would be a short short right there as well. That's, that's a scalp entry. And you could look for it to run below this low here, and then below these here.
45 00:08:33,719 --> 00:08:38,249 So even if I wouldn't have gotten in at this point, I could be a seller here.
46 00:08:43,260 --> 00:08:55,350 And when it starts to break down, I'm watching price to see if it wants to give me a fast run into those relative equal lows, or if it's taking time I'm looking
47 00:08:55,350 --> 00:09:03,570 at that thing. Okay, now, that's what I want to see lower my stop. So now I'm at a point where if the market runs higher, theoretically, I'm not going to take a
48 00:09:03,570 --> 00:09:16,050 loss, but it can still gap up there, you know, and that would be a problem. But stops are there for our protection as much as we can get. Now it's approaching
49 00:09:16,050 --> 00:09:27,750 these relative equal loads over here, and I'll pull up the partial close I'm closing 2.8 million, or $208 per PIP so it'll remain with $20 per PIP one. And I
50 00:09:27,750 --> 00:09:36,840 close that as we went below the lows here, you can see that execution arrow and I lowered my stop down aggressively because if it goes back up into this area
51 00:09:36,840 --> 00:09:42,030 here and back above this low I'm not interested in being in the short and it stops me out there.
52 00:09:47,400 --> 00:09:56,700 Now I'm going to show you a better perspective. You can see the actual high and the low. They operate it in now here's the executions. So I'm going to toggle
53 00:09:56,700 --> 00:10:07,890 them on and off after showing you where they are on the chart. So there's really are no hind sight trickery. And you'll see them toggle on and off as I put them
54 00:10:09,000 --> 00:10:16,290 on for trading view. So I do this just to prove execution and understanding what I'm looking at and how I teach it.
55 00:10:21,300 --> 00:10:32,910 Okay, and I'm gonna add the annotations back on, as you see in the beginning of the video. They were there the whole time. Hopefully you found this insightful.
56 00:10:33,960 --> 00:10:43,980 And I'll try to give you more examples in the future. But this is what I'd like to see more of on YouTube, not people coming online, just saying I took a trade
57 00:10:43,980 --> 00:10:52,710 here and then you're supposed to take their word for it. It just doesn't seem right. So, talk to you next time. I wish you good luck and good trading.