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ICT YT - 2021-06-07 - Instagram Logic Vs  Interbank Algorithm.srt

Last modified by Drunk Monkey on 2021-06-07 05:11
1 00:00:15,839 --> 00:00:28,349 ICT: Welcome back, folks. quick little video on euro dollar. We show you how super simple forex is. Easy as 123 just be like ICT and use this replay button.
2 00:00:30,509 --> 00:00:43,799 Oh, you weren't ready for that worry. Once you take a look at this right here, okay, this run up in here. This was on Thursday, the third June 3 2021. And I
3 00:00:43,799 --> 00:00:53,669 want you to look at this last upclose candle right there. That's a bearish order block. I'm very confident that if price goes up to that and hits the bottom of
4 00:00:53,669 --> 00:01:13,139 that candle, it's gonna sell off and go below this low. It might even go down to here. Any bets? Any side bets? Let's watch. This is a completely random walk
5 00:01:13,139 --> 00:01:21,989 through. Nobody knows what the next candle is gonna look like. Oh, see that?  Didn't go up like I was hoping it would. But if it goes up to this day right
6 00:01:21,989 --> 00:01:30,929 there. I got short right there. I took a trade in that candle right there. I went short. So now I'm looking for price to go down. Run hard, threw this low
7 00:01:30,929 --> 00:01:45,509 here and attack that low. Because forex is so easy. It's easy, folks. Anybody can do what I'm doing right here. Anyone? Look at this. We're going up? Well, we
8 00:01:45,509 --> 00:02:00,659 aren't going up. The Euro is going down as you can see here. But hey, you got to stick with the plan. You got to trade your plan. euro just keeps on melting.
9 00:02:00,959 --> 00:02:06,179 Look at that. See that went below this low right here. forex is so easy.
10 00:02:11,490 --> 00:02:24,510 Look at that. completely random. Nobody could have ever guessed it was going to do this. Look at that. Now I'm getting out. I'm taking some profits here. And I
11 00:02:24,510 --> 00:02:45,780 would collapse the trade right there. So that would be an example of how I trade. Now, isn't that easy? It's easy, right? Well, I don't expect you to
12 00:02:45,780 --> 00:02:59,040 believe that. And I don't do these types of things here drawing up these boxes.  And as you can hear my pantomime. I can't even do a good job of faking, faking.
13 00:03:00,690 --> 00:03:10,320 This is garbage. Okay, this is what everybody does when they don't know what they're doing. So I'm going to take this all here. And again, just show you real
14 00:03:10,320 --> 00:03:27,180 quick. This is the level right there. So when it trades up on this candle, I absolutely entered on that candle. Okay at 120 193 and six bit that's, that's my
15 00:03:27,180 --> 00:03:44,130 price. It's not hindsight, none of that stuff. Okay. But I want to go into why it did that. And I'll show you proof. Here is that same day on a 15 minute time
16 00:03:44,130 --> 00:03:59,370 frame. bearish order block right here. This is the new york kill zone. It begins at seven o'clock in the morning, New York time. And ends here at 11am. Now
17 00:03:59,370 --> 00:04:08,400 you're probably familiar with the 830 in the morning till 11. That just gives you a real clean focus point around the 830 News embargo lifting we're usually
18 00:04:08,400 --> 00:04:17,280 the news drivers come out and around 830 in the morning, and you learn that in my tutorials on this YouTube channel. But in here, I want you to take a look at
19 00:04:17,280 --> 00:04:31,380 how this high here coupled with this high right there, see that swing high? Why am I pointing out that one? Because this one here starts this whole price light
20 00:04:31,380 --> 00:04:47,760 to that low. This whole price leg ends and begins these two reference points. So if you apply your fib to that range, you can get a clear visual representation
21 00:04:47,760 --> 00:04:58,350 of overbought when it gets to 60 to 70% retracement level and you see it running right up into there. Now when it does this, I'd like to go into the marketplace
22 00:04:59,130 --> 00:05:09,690 and fade that But I'd like to do it when I have retail traders that will give an opinion about what they think the markets going to do. And if I can find the
23 00:05:09,690 --> 00:05:24,810 retail crowd, the less informed traders thinking that this is going to go up, then I know my chances of being correct in the move is more likely to occur. But
24 00:05:24,870 --> 00:05:35,880 what happens if this optimal trade entry forms ahead of the New York session, then I just simply use the order block, because it's not going to always come
25 00:05:35,880 --> 00:05:44,610 back up and give me an optimal trade entry on this high. So I'm using the framework from the previous day crossing over midnight. And this is a Judas
26 00:05:44,610 --> 00:05:55,320 swing right in here. So all of this right here is a fake rally, and it gets retail traders really worked up and thinking that it's gonna go higher. And I'm
27 00:05:55,320 --> 00:06:05,460 not thinking that. Okay, I did not think that on that day. In fact, I went over to Twitter. I saw a young man over there that's got a lot of things to say about
28 00:06:05,460 --> 00:06:17,130 everyone else. And we've had history with each other about a year ago. And I asked him to start showing his entries and trade management. What we'll do that,
29 00:06:17,580 --> 00:06:27,960 but he says he's doing all kinds of trades, before he shares his tweets, and I saw this one here. Okay. And you probably are familiar with this guy here. He's
30 00:06:27,960 --> 00:06:48,330 from Astro effects. And he says here on this tweet, and it's dated June 3 2021.  At 6:10am. Well, he wants to buy euro, here's euro. And he wants to buy it.
31 00:06:50,160 --> 00:07:04,680 Okay, so now I have a retail trader saying that they want to be long in here.  And I think it's gonna go up. When I'm looking at this market thinking. We
32 00:07:04,680 --> 00:07:09,120 started breaking this low here. And we broke this low here.
33 00:07:09,690 --> 00:07:23,160 So what is market structure really indicating here? That it's bearish? It's not bullish to any rally here has to be seen as what a false engineered rally. So
34 00:07:23,160 --> 00:07:31,980 price is going to go up like this just to create an overbought condition. What's the overbought condition? While we're this high at this candle high in
35 00:07:31,980 --> 00:07:41,880 relationship to this high over here. So we're well above 80% of the range, high and low. We retraced that far. I don't need an indicator to tell me it's
36 00:07:41,880 --> 00:07:54,690 overbought. I can see it visually in price. So when we broke this up close candle here, and came back up into it right there, right there. I'm entering
37 00:07:54,690 --> 00:08:07,620 short, I entered short and use a 10 PIP stop loss. I was looking for 50 pips.  And I managed it on the way down and collapsed it in several places on partials.
38 00:08:08,730 --> 00:08:20,850 Now, on trading view, there's this little feature right here, where you can make it obvious that when someone says they took a trade, or they entered, and he
39 00:08:20,850 --> 00:08:30,900 pushed a button, you click this little thing right here and watch these little arrows pop up. Over here, watch. It's really neat. See that arrow right there?
40 00:08:31,920 --> 00:08:47,400 See that? And here's a partial, or I took some of the trade off there. They're there. They're in there. I'll do it real quick. So you can see I'm not painting
41 00:08:47,400 --> 00:08:59,760 them. I'm not putting them on manually. So my question is this. If all these guys on YouTube and Instagram are calling each other out, and there's all these
42 00:09:01,470 --> 00:09:12,660 forex guru battles going on, why do they keep avoiding me? I'm here all the time. I'm not running or hiding from anyone. In fact, Shawn, I'm calling you out
43 00:09:12,660 --> 00:09:27,630 again. Go over to the setting, that I call everybody to where it's audited, where you are really, in there with a microscope over top of you. Because I've
44 00:09:27,630 --> 00:09:42,480 already shown you here again, that I'll trade you I will feed you and I can do it every single day. I can open up a live stream every day and call the market
45 00:09:43,020 --> 00:10:00,270 and give levels and targets and put you out of business this week. Give me a thumbs up on this video. If you want to see me derail Astro effects now Let's
46 00:10:00,270 --> 00:10:12,150 watch the video. Alright, so we're gonna go over to trading view. And this is where I actually did the entry, you can watch me put the stop in, the entry goes
47 00:10:12,150 --> 00:10:22,290 in. And I give you the time actually runs lower. So I'm going to tell you when it's going to move will tell you what direction pushing a button on getting in,
48 00:10:22,530 --> 00:10:37,740 you can see my stop, I don't open my stop up wider once I get in. So we're watching here. euro on the left hand side, this is an hourly chart. And on the
49 00:10:38,190 --> 00:10:41,220 right hand side, we see the dollar index. It's a 15 minute time frame.
50 00:10:52,620 --> 00:11:04,860 And right here, I'm looking on Twitter. And I'm noticing all the nonsense of this mentioned earlier in this video. So I'm setting it up. Like I'm going to do
51 00:11:05,550 --> 00:11:26,130 what he's gonna do, which is wrong. But this is all pantomime, as you'll see in a moment. So I'm going to click the buy button right and do what he says. I see
52 00:11:26,130 --> 00:11:38,310 something different. Everything I just outlined in the video. I see in the chart. Now I have other screens. Obviously, I have multiple screens when I'm
53 00:11:38,310 --> 00:11:56,310 looking at the price. And I'm going to comment here and tell you what I'm about to do and why. There you go. Now I'm short rate when Astro effects wants to be
54 00:11:56,310 --> 00:12:13,170 long. pretty reasonable stop 10 pips, it's not that big of a deal. But when you go to a day by day, routine of calling yourself a king or a trade God, that no
55 00:12:13,170 --> 00:12:27,540 one's on your level, I can attest that I'm not on your level, Shawn. You're about 50 levels below me when I was 20. Now, some of you may be asking, why am I
56 00:12:27,540 --> 00:12:38,820 doing a video like this? Is my videos gonna start going this direction? No. But I answer everybody that talks smack. And I prove that I know what I'm talking
57 00:12:38,820 --> 00:12:49,860 about. Because the common misnomer is ICT stands for I can't trade. But I can and I prove it and I show executions. All these Yahoo's over on Instagram, they
58 00:12:49,860 --> 00:12:57,720 don't push any buttons. They don't call it out loud. They don't say what's going to happen. They don't manage your stuff. And their targets don't get hit. They
59 00:12:57,720 --> 00:13:07,410 throw a whole bunch of ideas out there and whatever sticks. They'll pump that.  So you can see the arrow appeared on the right hand side on that 15 minute time
60 00:13:07,410 --> 00:13:20,250 frame. That's my entry. And I'm going to outline that low. And I'm going to tell you in the recording that at 8:15am. The algorithm is going to reprice
61 00:13:20,250 --> 00:13:29,970 eurodollar under there, and I'll look to take first partials off. Now first partial is important as a new trader as a developing trader. And that's what I'm
62 00:13:29,970 --> 00:13:38,880 illustrating here. And I could have easily just left it in, let it do the entire daily range and been done with it. But I'd like to teach by example, I teach in
63 00:13:38,880 --> 00:13:54,180 this YouTube channel, even in my mentorship that you need to take something off.  And here you can see me finding the targets down here. And as price you
64 00:13:54,180 --> 00:14:06,420 meandering around in here in that little consolidation, I know it's not likely to move yet. I'm positioned ahead of time. And I feel very strong convictions
65 00:14:06,420 --> 00:14:20,670 that the 8:15am news on Thursday, June 3 2021. His employment numbers and the algorithm is going to use that volatility to reprice lower, it's not that
66 00:14:20,670 --> 00:14:32,130 there's a lot of sellers coming in. It's not an absence of buyers. It's repricing at the Central Bank level. There's no market makers with empty for
67 00:14:32,970 --> 00:14:42,660 managers sliding the spreads making it go down there. Okay, this is not Steve Morrow. Okay. That's all nonsense that folks, it's crap and all that stuff is
68 00:14:42,660 --> 00:14:55,440 fake. It's all fiction. It's fiction. I'm doing this, like I've always done. I will come out here and prove it to you every single step of the way from
69 00:14:55,440 --> 00:14:56,700 beginning to end.
70 00:15:01,770 --> 00:15:14,910 So we're watching that low on the left hand side, that low at 2164. And two pipettes underneath there is self stops, because retail traders think this is
71 00:15:14,910 --> 00:15:27,600 gonna go up. So where's your stop loss at rate below that low. So that's why I want to take first partials there. So now it's eight o'clock. At the top of the
72 00:15:27,600 --> 00:15:39,570 hour and 15 minutes, the news is going to release the data for employment numbers. And I'm telling you right here. And I'm being a little bit of a
73 00:15:39,630 --> 00:15:49,320 facetious individual, of course, but they asked for this. So I am giving you a time, you can see the timer in the lower right hand corner, you can also see
74 00:15:49,320 --> 00:15:58,620 that that replay button is not being employed here. The candles are painting, they're going up and down as they form. The replay button doesn't do that. It
75 00:15:58,620 --> 00:16:14,700 just gives you a complete candle. You can see the open profit or loss is ticking away. And now I'm doing is watching the time. I'm looking at that clock. It's
76 00:16:14,700 --> 00:16:29,340 about the turn to 12 minutes past eight o'clock. Now we have two minutes left and watch the reaction of Euro raid at 815. It goes exactly where I thought it
77 00:16:29,340 --> 00:16:45,150 was gonna go. Down doesn't whipsaw around, it goes lower, takes that short term low on the 15 minute timeframe. Now it's going to target the hourly low, which
78 00:16:45,150 --> 00:16:46,170 has that red line.
79 00:16:52,620 --> 00:16:55,620 I have my order ready to take my first partial off.
80 00:17:02,040 --> 00:17:10,650 And all I'm doing is watching price my eyes right at that red level. And once price dips underneath it, I'm going to hit the button that my mouse is hovering
81 00:17:10,680 --> 00:17:20,100 over top of partial close. I'm not looking at the profit and loss. I'm not looking at anything. Now I'm looking to close it. So now that takes the majority
82 00:17:20,100 --> 00:17:29,460 of the trade off. So I booked a pseudo profit on that because this is a paper trade. I'm not licensed to give trade advice, but I'm proving conceptual theory
83 00:17:29,790 --> 00:17:33,450 and understanding. And if you can't get that from this I'm sorry.