ICT YT - 2020-10-07 - Blending Price Patterns With Time and Price Theory - Part 1.srt

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ICT: Alright, folks, let's take a look at how we can use the

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economic calendar to find setups and or opportunities to

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practice in looking at the economic calendar for October

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5 2020. And I want to take your attention to 11pm. And the

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time is set to Eastern time. Okay, so all of my students

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have their charts set to this time setting.

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So at 11:30pm, Monday, October 5, RBA rate statement and

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cash rate was scheduled to be released for the Australian

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dollar at 11:30pm. Eastern time. I don't care what the

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actual is, I don't care what the forecast is, I don't care.

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I don't care what the previous is, I'm not concerned about

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that. I'm looking at the red indication here. That's a high

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impact market driver. So regardless of the information or

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the data that's released, it can have a lot of impact and

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cause displacement in price. And that's what we're looking

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for. So let's go over to the charts and take a look at the

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Australian dollar. So I have the chart set to October 5.

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This is a five minute chart just to illustrate, along the

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lines what I've taught already on this YouTube channel, but

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I'm also going to teach you how to blend two patterns

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together within a market setup. You can see the market has

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been trading sideways, in a consolidation leaving relative

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equal highs along the way. And at 1130, which is 2330. Here

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on this setting, you can see here, the time is set to New

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York time. So if you have your chart set on trading view,

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with that timeframe, everything will always match relative

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to my lectures at 2330, that's 11:30pm, New York time or

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Eastern time. And this is the run above all of these

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relative equal highs. We're not trying to forecast a move,

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we're waiting to see does it run above that? And will it

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stay above it? Well, it doesn't, it goes above it and

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rejects and breaks down. Your eye should be trained right to

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here, because this high, this low and the higher high.

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That's a pattern that I teach on this YouTube channel, which

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is my ICT, bearish breaker. The idea is that this liquidity

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that we resting above here would be in the form of buy

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stops, and we call it buy side liquidity. Because running

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above that does two things. It takes traders that are short

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out by running their stops, that breaks their position, and

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also puts traders on the long side on a breakout should they

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have pending orders resting above here. You'd be surprised

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how many people trade like this. It breaks above it trips

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those traders long and their stop loss would be where below

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here or below here relative to whatever their account size

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and equity risk management would outline. What we're looking

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for is the narrative that runs above it, and then it breaks

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down fine. If it goes below this low here, and it trades

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back up to this low. Now notice what I'm teaching you here.

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I'm not teaching you support and resistance because if

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that's the case, why not just use this low? Or these loves?

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Or this low? Or these lows here? Why aren't we referring to

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any of those? It's the narrative behind the specific level

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that's being referred to. That's what makes this level as I

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teach it as an ICT bearish breaker. If this loads taken out,

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which is taken out here, and trades back up to it during a

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specific time of day, what's the specific time of day? Well,

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I've been teaching 830 to 11 o'clock in the morning, Eastern

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time. You can find setups, you can find optimal trade

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entries there. And you can also blend a breaker pattern with

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an optimal trade entry. So add some annotations real quick.

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So here's the burger, the boss illiquidity that gets purged

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at the rate announcement 11:30pm eastern time, it runs this

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and then we wait. What are we waiting for New York session.

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New York session trades back up into the breaker and we can

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Have a short on two things, the fact that we trade it back

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up to the breaker, which is this low

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and an optimal trade entry using this high here now why this

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high, it's not cherry picked. That's the London kill zone,

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session high. So we're gonna take that fib and all we're

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doing is getting a measurement of overbought oversold. It's

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not the fib that's causing the magic here. It's not I'm not

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trying to sell the idea that the markets working off of just

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to fit the narrative, the narrative is all of this, it runs

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gets there by offset, and then breaks down all through

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London, you don't need to be up trading London, you can wait

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till New York session. And then with the sometimes

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retracement level. Okay, that over time, starting right here

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at the beginning of our starting exactly at 830, which is

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our new york session window. It's not the New York kill

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zone, it's just 830 beginning where the news embargo lifts

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at 830. And all the way till 11 o'clock. Already, you should

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be able to see the optimal trade entry that overlaps with

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the breaker within the time window 11 o'clock, you have up

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to 11 o'clock to take the take the trade. So we have an

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overlap of the breaker and optimal trade entry. The range

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from here to here, we're just extending that on time. All of

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this is just waiting for the New York session, then the

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volume that comes in dog piles in on this optimal trade

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entry. And we're scrunch this up. And we have an overlap of

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79, nine and nine pets. See that right there with the

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standard deviation of negative five. And we have an old

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level of equal lows. As I teach, again, on this YouTube

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channel, so there's sell side liquidity on here. So bank

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traders take this off, bank traders can go short with this

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run up here, you don't have to be eliminated. Wait for this

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low the break. Once it trades back up into it during the New

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York session, then you can target this level down here. We

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have an overlap with the fib for projected low. And those

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equal lows that align

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in the market sells off and sweeps those relatively close

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and hits our target on the fib. So you have a blending of

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two of my concepts together within a narrative using the

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economic calendar to frame it. So we're not trying to

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predict this break in continuation. All we're doing is

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saying okay, what did they do? overnight, they ran liquidity

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out here and rejected it. We can get shortened here in

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London if we want to, but you don't have to you wait until

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the New York session, use the volume that's used in this

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time of day with the breaker. So they have this low

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projected in time. It operates on it in London session at

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the end of one that open going into Asia's clothes, then we

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have the 830 in the morning, beginning our time winded I've

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been teaching here on YouTube with their rate that the high

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it starts it there. And then one more time, it's it there.

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But it's inside of the optimal trade entry. And it's this

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level to this level to this level 79 70.5 62. All of this

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area here is optimal trade entry relative to the London

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session Hi. And low formed here, ahead of what we teach is

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the New York open kill zone. But this is just the 830 to 11

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o'clock window of opportunity where you can take trades. And

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this is an example how you can blend two patterns with time

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of day targeting. And it does a pretty good job of doing a

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run to that level and it says where we're at currently. So

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not bad. You can look for this type of setup when there's an

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economic calendar event that's a medium impact or high

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impact. And if it's set to release during the London

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session, or if it's set to release during Asia. That

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timeframe, okay, just sets the narrative and then just use

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the New York 830 to 11 o'clock and frame it with an optimal

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trade entry and a breaker and you have a dandy of an

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opportunity that repeats a couple times a month. So next

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time wish good luck and good trading.