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Last modified by Drunk Monkey on 2020-11-20 16:25
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3 ICT: Give us a quick little ditty on euro dollar. So 15
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7 minute chart. And I'll give you a little bit of a example of
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11 the optimal trade entry. And it's a series of videos that
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15 you can study on the YouTube channel. Real quick, public
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19 announcement about the YouTube channel. In case you haven't
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23 already noticed, I am no longer on Twitter. And I'm no
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27 longer on Instagram. So all of my social media will be
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31 focused primarily on my inner circle trader YouTube channel,
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35 as you can see here, and instead of Twitter and Instagram,
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39 I'm using the community tab on the YouTube channel so when
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43 we go to this tab on my YouTube channel, you can see posts
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47 and such the same way I was doing on Twitter but just not as
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51 much. So it'll be a little bit more concise and more
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55 readable friendly, and I'll try to keep my tomfoolery to a
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59 minimum. No promises though. And second, we're looking at
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63 the euro dollar here. And once you consider what you have
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67 here and the price structure clearly you can see that we had
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71 a breakdown and created equal highs ahead of what the New
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75 York open market trades, lower rejects, trades higher, comes
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79 back up into these three candles here these three candles
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83 are considered one bearish ICT order block and optimal trade
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87 entry. Take particular attention to the candles bodies for
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91 that's going to be important in a moment and the market
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95 breaks down, comes back in expands Lower, lower one more
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99 time and finally drives into this low here and Most
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103 importantly, this was last week's Friday low. So it's going
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107 to be important to keep that in mind because that's what
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111 this move is reaching for. Okay, so try not to consider any
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115 Sunday data. Sunday data can be helpful sometimes, but not
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119 all the time. But for a general rule of thumb, just keep
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123 some of these data out of your analysis and you'll be
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127 probably better served by doing so. Alright, here's Friday's
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131 low, and we have the market creates a run just pierces
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135 Friday's low a little bit here on the London open trade
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139 Damn, right into the New York open. There's a smaller
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143 optimal trade entry in here you can look at that on your
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147 five minute chart. And that will be a run on these relative
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151 equal highs expands up optimal trade entry.
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155 high low New York session was going to aim for Friday's low
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159 So you can use the 62% retracement level here and using a 20
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163 PIP stop loss that would put your stop just about in this
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167 high here. So you'd be able to withstand all of the
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171 expansion beyond the 70 retracement level. But specifically
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175 allowing to the bearish order block would be all three
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179 candles together. So the market creates an optimal trade
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183 entry short here and starts to trade lower and sweeps
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187 Friday's low. Again disregard this because this is something
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191 that took place in the London session. So now the new
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195 session begins. We trade up trading the opportunity to short
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199 targets would be Friday's low and now the intraday low
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203 that's formed today. So I just wanted to share that just as
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207 a continuing reminder of the very simple pattern I shared
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211 very publicly in free. You don't have to worry about paying
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215 for any subscriptions or paying for a course like that. Just
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219 go through the tube channel. posted comments and commentary
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223 with each individual setup as examples just 20 individual
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227 days that have been shared with you publicly on my YouTube
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231 channel for the optimal trade entry. So reaching for
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235 previous day's highs and lows, looking for time of day
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239 rebalancing to a specific point of overbought oversold in
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243 this case we will be overbought, we don't need any kind of
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247 overbought oversold indicator to get to that decision. And
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251 the market has delivered a tradable price run to a point of
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255 liquidity that would otherwise be forgotten because we've
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259 already went below here and here, but we're in a new trading
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263 week. So the new trading week on Mondays. You always want to
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267 refer to Friday's data, try not to worry too much about
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271 Sunday's data unless it's a gap. If we have a gap up, then
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275 look for the gap to be filled in and then trade in the
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279 direction of the gap opening or the gap down on Sundays
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283 opening look for a filling of the gap trading higher and
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287 then trading in the direction of the game. Opening lower. So
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291 that's it for today hopefully found this insightful. Until
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295 next time, wish you good luck and good trading.