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ICT YT - 2020-10-14 - Blending Price Patterns With Time and Price Theory - Part 2.srt

Last modified by Drunk Monkey on 2021-06-11 14:54
1 00:00:15,900 --> 00:00:25,980 ICT: Alright folks, welcome back. This is an example of using the ice breaker and optimal trade entry in a bullish scenario. I'll give you a chance to take a
2 00:00:25,980 --> 00:00:43,320 look at the price action See if you can find a bullish breaker and an optimal trade entry. When you're ready, unpause the video. Okay, so we're looking at the
3 00:00:43,350 --> 00:00:54,480 ninth of October, and you have a low, high and low. Now it doesn't look so obvious here on a 15 minute timeframe. But we're going to drop down to a five
4 00:00:54,480 --> 00:01:10,050 minute chart, you can see the breaker there. And here's the optimal trade entry. So add to annotations, bullish breaker, bullish optimal trade entry into the
5 00:01:10,050 --> 00:01:20,640 London open kill zone. So this is the time of day, we'd like to see price create a higher low and the market is bullish. And I'll zoom out now show you why it
6 00:01:20,640 --> 00:01:30,180 was bullish. If you've been following anything on this YouTube channel, you'll see very quickly what made this pair bullish at this time. And it has to do with
7 00:01:30,180 --> 00:01:44,820 these levels here. But we'll zoom out in a moment but add the fib. So you can see the optimal trade entry. Alright, so we have the low to the high 62%
8 00:01:44,820 --> 00:01:58,890 retracement level 77 tracing level extended in time, there's optimal trade entry with the overlap of time of day with an open. And we have a projected high at
9 00:02:00,270 --> 00:02:18,900 point 72431. And it's above this level here which I'll show you again when we zoom out. And the high on this price swing comes in at 7243 and two. So really
10 00:02:18,900 --> 00:02:40,560 close with one PIP beyond and then has since traded lower. So I want to zoom out. And let you see. If you recall the previous video I did when we're talking
11 00:02:40,560 --> 00:02:50,670 about Australian dollar, I mentioned these equal lows here, price created that run there. And it left these relative equal highs. So by side liquidity, we were
12 00:02:50,670 --> 00:03:04,830 saying above that also, if you keep going to the left, there's equal Highs over here. So that's what the other level is. At least see it and so it's well clear.
13 00:03:06,300 --> 00:03:20,070 Go forward and the price grades that optimal trade entry with bullish breaker projected up to here and take that off and we're gonna drop down to a five
14 00:03:20,070 --> 00:03:33,870 minute chart. Alright, so here's that low, the high and low. So we're going to use the upclose candle prior to the swing lower Korean lower low on this price
15 00:03:33,870 --> 00:03:42,690 structure. That is a run on the sell side liquidity. If price goes above it and trades back down to it. This could act as bullishness, but then we have an
16 00:03:42,690 --> 00:03:56,070 optimal trade entry, which is the low to high trades going into it with the kill zone. There is where your trade is. And that runs to that 72 43.2. There's a
17 00:03:56,070 --> 00:04:07,590 price run all up today. Okay, so there's a structure and I'll show you dollar running to the boss illiquidity and then up here as well. time of day entry load
18 00:04:07,590 --> 00:04:18,360 day expansion with bullishness attacking the draw on liquidity which is the buy sell liquidity after it ran the equal lows down here because she can see both
19 00:04:18,480 --> 00:04:30,990 patterns the optimal trade entry and bearish breaker that led to this run here, then set up a new price run to the buy side liquidity here with a bullish
20 00:04:30,990 --> 00:04:41,010 optimal trade entry any bullish breakout So combining two patterns to get precision elements reaching for liquidity pools above relative equal highs. I
21 00:04:41,730 --> 00:04:44,520 hope you found this insightful until next time, I wish you good luck and good trading