2020-08-11 - ICT Forex OTE Example - EurUsd.srt

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ICT: Give us a quick little ditty on euro dollar. So 15

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minute chart. And I'll give you a little bit of a example of

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the optimal trade entry. And it's a series of videos that

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you can study on the YouTube channel. Real quick, public

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announcement about the YouTube channel. In case you haven't

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already noticed, I am no longer on Twitter. And I'm no

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longer on Instagram. So all of my social media will be

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focused primarily on my inner circle trader YouTube channel,

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as you can see here, and instead of Twitter and Instagram,

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I'm using the community tab on the YouTube channel so when

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we go to this tab on my YouTube channel, you can see posts

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and such the same way I was doing on Twitter but just not as

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much. So it'll be a little bit more concise and more

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readable friendly, and I'll try to keep my tomfoolery to a

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minimum. No promises though. And second, we're looking at

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the euro dollar here. And once you consider what you have

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here and the price structure clearly you can see that we had

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a breakdown and created equal highs ahead of what the New

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York open market trades, lower rejects, trades higher, comes

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back up into these three candles here these three candles

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are considered one bearish ICT order block and optimal trade

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entry. Take particular attention to the candles bodies for

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that's going to be important in a moment and the market

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breaks down, comes back in expands Lower, lower one more

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time and finally drives into this low here and Most

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importantly, this was last week's Friday low. So it's going

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to be important to keep that in mind because that's what

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this move is reaching for. Okay, so try not to consider any

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Sunday data. Sunday data can be helpful sometimes, but not

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all the time. But for a general rule of thumb, just keep

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some of these data out of your analysis and you'll be

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probably better served by doing so. Alright, here's Friday's

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low, and we have the market creates a run just pierces

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Friday's low a little bit here on the London open trade

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Damn, right into the New York open. There's a smaller

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optimal trade entry in here you can look at that on your

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five minute chart. And that will be a run on these relative

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equal highs expands up optimal trade entry.

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high low New York session was going to aim for Friday's low

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So you can use the 62% retracement level here and using a 20

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PIP stop loss that would put your stop just about in this

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high here. So you'd be able to withstand all of the

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expansion beyond the 70 retracement level. But specifically

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allowing to the bearish order block would be all three

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candles together. So the market creates an optimal trade

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entry short here and starts to trade lower and sweeps

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Friday's low. Again disregard this because this is something

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that took place in the London session. So now the new

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session begins. We trade up trading the opportunity to short

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targets would be Friday's low and now the intraday low

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that's formed today. So I just wanted to share that just as

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a continuing reminder of the very simple pattern I shared

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very publicly in free. You don't have to worry about paying

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for any subscriptions or paying for a course like that. Just

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go through the tube channel. posted comments and commentary

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with each individual setup as examples just 20 individual

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days that have been shared with you publicly on my YouTube

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channel for the optimal trade entry. So reaching for

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previous day's highs and lows, looking for time of day

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rebalancing to a specific point of overbought oversold in

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this case we will be overbought, we don't need any kind of

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overbought oversold indicator to get to that decision. And

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the market has delivered a tradable price run to a point of

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liquidity that would otherwise be forgotten because we've

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already went below here and here, but we're in a new trading

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week. So the new trading week on Mondays. You always want to

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refer to Friday's data, try not to worry too much about

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Sunday's data unless it's a gap. If we have a gap up, then

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look for the gap to be filled in and then trade in the

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direction of the gap opening or the gap down on Sundays

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opening look for a filling of the gap trading higher and

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then trading in the direction of the game. Opening lower. So

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that's it for today hopefully found this insightful. Until

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next time, wish you good luck and good trading.