ICT Market Maker Primer Course - 05 - The ICT London Killzone.srt

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ICT: Okay folks, welcome back. This teaching is going to be

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specifically dealing with the ICT monitor open kill zone.

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Okay, so the London kill zone what ICT concepts are going to

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use this module the importance of time and price again

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the London open

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the London session important characteristics of London.

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Okay, folks, this is one of those topics where it's a very

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vast subject. So I'm introducing you slowly into one of the

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most important timeframes of the 24 hour banking cycle. The

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Logging open is typically a time where I like to trade

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because it gives me a lot of opportunities. And it's, well,

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its magnitude is a lot more favorable for a short term

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trader. It comes with it a great deal of responsibility in

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terms of knowing what the higher timeframes are doing. A lot

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of economic calendar releases come out overnight, and they

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can be very volatile. But the euro dollar and the British

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Pound pairs are ideal for this time of day. And that's why

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I've elected to trade those two pairs. The London open

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frequently sets up an optimal trade entry pattern that can

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offer 25 to 50 pips, for a scalp. The key times to monitor

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are 2am to 5am, New York time center where it's the easiest

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way to avoid me confusing you about the time is determined

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whatever time it is. in your area relative to what it is in

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New York time, okay? And physically wait for 2am to be in

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New York, and then calibrate that with your broker and your

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local time, and always set a clock for New York. And you'll

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know exactly what I'm referring to in terms of time, it's

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the easiest way I can overcome that barrier, because it's

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been a point of confusion many times, because I don't know

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where you are globally, and you're all in different

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locations of the globe. I don't know what the translation is

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going to be in terms of time, so the conversions are going

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to be up to you. But the ideal ICT London kill zone for your

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learning is going to be 2am to 5am. And it's relative to New

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York time. Now, if you look at this chart here, this is a

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euro Dollar chart. And what I'm highlighting here is two

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specific trading days. And I want you to take a look at the

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red. It's like a deep red vertical line, there's two of them

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immediately to the right, of the left most vertical red

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line. We see price action drop down initially, and then

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rallies up and it creates the very high of the day, the

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day's low forms down here. And it comes off the low and

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close closes off the low. The next trading day. Again, here

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is the vertical red line. And this delineates New York time.

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midnight. Okay, so Midnight in New York. That's what this

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vertical red line delineates for this particular day. And

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this represents Midnight in New York on this trading day. So

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we can see that the price rallies again for the euro dollar

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up into this smaller little segment of time, and it creates

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a high end trades down, crease the low day later on and goes

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in consolidation and closes in the middle of the range. The

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key takeaway that I want you to more or less be encouraged

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to go through your charts and study is that London open

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generally has the highest probability of creating the high

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or the low the day. So here, we see price trading up to and

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this little blue line segment. And this little blue line

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segment is just delineating that little pocket of time that

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window of opportunity. Between two o'clock in the morning

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and 5am New York time, you can see how beautifully goes up.

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trades makes the highly day and then trades aggressively

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lower. Same thing here on this day, it trades up spikes up,

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creates the high the day and then sells off. Okay? This is

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one of the biggest things that a lot of students of mine And

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people that have just casually looked at my things in terms

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of my tutorials. This is one of the biggest wealth. In my

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career, it was the biggest discovery because it helps me

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determine where when I'm bearish, the actual high the other

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day is going to form. And if I can do that, with a

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reasonable measure of

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accuracy or consistency, just imagine if you could get three

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to four opportunities where you can get the high or very

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close to the high the day and ride the majority of the daily

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range. If you could do that a few times a month, you could

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do exceptionally well as an FX trader. Now, it doesn't lend

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itself to just forex. This same phenomenon occurs in other

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assets. Now I don't trade Bitcoin or cryptocurrencies, but I

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have students of mine that swear by this working in that

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asset as well. It works income oddities. It works in bonds,

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it works in just about everything that trades electronically

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overnight. Incidentally, you can anticipate things like this

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to occur in index trading. So if you're trading, for

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instance, the DAX, the footsie or the s&p 500, or doubt or

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NASDAQ futures contracts, overnight trading, you can see the

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same phenomenon occur as well. So it really isn't limited to

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just forex now. Because I taught it to the trading

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community. They assumed that it was limited and only salient

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to forex or foreign exchange. I used this same concept as a

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commodity trader in the early 90s. So it's not that we have

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a asset class that it can only function in with this type of

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trading or this type of price action. It's completely

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universal. And that's pretty Powerful now if we have a

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market that is, let's say, in a strong trending environment,

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you want to be really focusing in on London because London

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will give you the highest probability of a low risk entry

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price point. Okay and conversely we can see when the market

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is bullish the tendency is for the market to trade down

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creating the low the day in the London open ICT kills them.

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Again here, market trades down after midnight New York time

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creates the low of the day between two o'clock and five

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o'clock in the morning New York time. Low they forms off to

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the races we go. So here's to back to back trading days.

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Okay. If you could have taken along not even at the low,

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okay, say you use some Have an online maybe a buy stop to

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get in. Okay if you try to buy stop above these individual

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candle highs and events a trip to you and get you long and

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held on to it for 3040 pips, each trading day, it adds up

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quickly folks. Same thing here. Market creating low takes

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off aggressively. Now I want you to take a look at the

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relationship between one long and open low and the immediate

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day after London open low. Okay, we have a range that's

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framed by the low here and this highest high in between the

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two London lows. This is your trading range here and this

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would be an optimal trade entry long using previous day's

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data to today's In setup, she can get an optimal trade entry

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on that. And price as an expansion on the upside. And we can

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see a very nice opportunity to have a long trade on both

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days here, focusing on London open, creating the low the day

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when the underlying market is poised to go higher. Okay, so

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the London session itself actually trades a little bit

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longer than 5am. Okay, but for the sake of my concepts I

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want to graduate over time, the significance of five o'clock

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in the morning, New York time to seven o'clock in the

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morning, New York time, which is classically, like a London

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lunch period where it can go quiet. It can have minor little

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retracements but I don't like to see any kind of entry

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between five o'clock and seven o'clock in the morning, New

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York time. Because it can tend to wait for the New York

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open, which we'll cover next lesson. But the price action

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during the London session sees the highest probability of a

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large

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directional move in the 24 hour day. So what does that mean?

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If we were to look at the entire 24 hour market and pick it

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picked up, beginning point and fall around the entire world,

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and where it began, it'll end so we have 24 hours of time.

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If we were to measure the volume or how much action if you

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want to call it any other word, it's it's layman's terms the

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most bang for your buck is going to be in the lung and open.

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Now that right away draws excitement to younger guys. And if

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you don't know what you're doing, you can get really hurt

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quick in the London session because it can be extremely

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volatile and it can be like a lightning bolt. Okay, if

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you're caught on the wrong side of the marketplace, and as a

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high impact news event, it's out during that timeframe, you

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can get mowed over rather quickly. And if you don't use stop

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loss orders, that session is going to treat you very

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cruelly, in the form of taking money from you. Because

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London can be extremely one sided. And once it takes off,

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it's pretty relentless, it doesn't really give you a chance

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to get off the hook. And the London trading session actually

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extends beyond the 5am hour to 7am New York time. The London

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session sees the highest volume of order execution than any

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other trading session. We look at the little chart to the

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right. And again, all I'm trying to do is show the profile

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itself we don't need to zoom in and look at details of wicks

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and candle bodies. I just want you to look at it graphically

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in terms of The way the range is expand and how it looks

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overall. So we have a trading day here of consolidation, it

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creates a little bit of a run up, rejects that and trades

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aggressively lower and then comes off the low and begins the

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New York session. So we have a micro power three formation

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in here. So we have the open

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the rally up

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the expansion, the low off the low closes. Okay, prices

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fractal folks, we can anticipate seeing duplicate patterns

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that are seen on higher timeframes on a lower timeframe. So

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if we understand that the daily range if it's a bearish

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market profile or for looking for lower prices, the opening

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on the daily range or daily bar it's going to be at or near

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the high today. The high is going to be very limited in

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terms of how much it goes above the opening price. And then

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the largest portion of the range is going to be between the

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open and the close. And the close is gonna be near the low

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of the day. Well, this is intraday price action between this

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vertical line here and this vertical line here. This is

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delineating two o'clock in the morning to seven o'clock in

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the morning, New York time. Okay, so we're looking at a

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window of five hours. So if we understand that price can be

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fractal and we're bearish, this could be viewed as a micro

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power three formation. Okay. Now, why is that significant?

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Why should I be teaching it to you? What's the point of it?

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Well, if we see in this trading day here, it creates a

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scenario where let's assume for a moment that we were

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anticipating a bullish market move. Okay, maybe this

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particular day trade down to a level that was Some kind of a

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support level, and we came off of it to consolidated, okay,

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and then we came down initially, right after the two o'clock

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time period. And price drops down into a significant low. If

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price doesn't start to run there during the London session,

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we could reasonably expect that the real move is going to be

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in the next trading session, which would be the new york

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session, which is not going to be our teaching here. It's

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the next lesson in this series. But you can see the move

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ensues after the crossover from the London session and then

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the beginning of the new york session. Now, the London

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session technically extends even beyond seven o'clock in the

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morning, up into 10 to 11 o'clock in the morning, New York

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time So basically it's three o'clock in the morning New York

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time, to 11am to noon. All relative to New York time. Okay,

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so there's an overlap of New York and London trading, which

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makes the next teaching a little bit more interesting as

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well. But the takeaways I want you to have is that the

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London session can create the higher low day. And we can

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also study the profile that takes place in between the

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beginning and ending of the overnight session. If it's

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trending, okay, we have a trending model like this. Chances

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are, we could see it rather quiet. New York session doesn't

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mean that always but it's one way I like to look for

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potentially a slow New York session. Or we could have a

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reversal scenario, which is what we saw here. Okay, to the

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right of this vertical line. Is the New York session you can

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see it did have a little bit reversal, but it went

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consolidated, and basically traded in the middle of the

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overall range into the close. The very next day, we had a

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initial drop down in London, creating the low of the day.

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But it closed the session right in the middle. So it didn't

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really have much of a trend had a spike low. But if we're

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bullish, it didn't really show any kind of indication that

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in the London session, but as soon as we crossed over into

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the New York session and overlapped with London, then we

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have the optimal trade entry. Then we have the dynamic

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imbalance where the range expansion occurs for the for the

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daily upside and up close. So London, gives us a lot of

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things to study. And I want you to go through your charts

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and look for examples of the things I just outlined here.

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And I think you'll be rather surprised Okay, the one session

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characteristics. Now abundant session typically creates the

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low the day when the market is primarily bullish. And the

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high of the day when bearish. When the market is poised to

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trade higher on a daily timeframe, we can focus on the

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London session to post a low the trading day. If the daily

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is poised to trade lower, we can focus on the London session

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to post the highs of the trading day.

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Okay, and what I've done is instead of putting the Fibonacci

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on the chart, and cluttering it all up, I just basically

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drew a line indicating the high I'm using and the low I'm

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using. Now I'm not using the body the body reference points

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because of the daily timeframe and I want to encapsulate the

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entire range with the wicks included. It will not change

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what I'm going to show you here so if you have your daily

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timeframe On your eurodollar you'll see that it will still

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take us up into optimal trade entry, which is basically a

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non indicator form of overbought or oversold. Okay. So what

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we're seeing here is the market on the Euro, trading up into

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the 70.5 level, failing to get to the 79 level and this

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candle right here shows a willingness to want to reverse so

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the next candle we could potentially see this be a bearish

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candle. Now I'm not looking at swing points, I'm just

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looking at in terms of where we are in a higher timeframe

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and this could be a point of interest for a breakdown. Okay,

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so once we have a bearish candle like this, and we're inside

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the area of optimal trade entry, for sell, we would be

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deemed as a potential sell. The very next candle we want to

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study that extend may give us a condition that frames a

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power three form With a down close, relative to the daily

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chart, okay, so we have this particular day here, which is

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the 28th of November. And we have the market trading

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sideways until midnight in New York, and then we have the

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market initially drop down. We do not worry about that. We

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want to see it rally up into

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London open.

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It starts this area right here. It's dropping here we want

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we don't want to see that. We want to see price rally up.

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That's where we'll sell. Notice also that we have equal

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highs in here. Okay, about 10 pips above this short term

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high that gives us the high of the day. At the same time, we

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would reasonably expect to see London open create the high

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of the day. Why should the daily bias be bearish? Because

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it's been going bullish here, while we trade it into an area

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of optimal trade entry and we got one case Though showing a

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willingness to reject and go lower, so we want to look for

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characteristics like we're seeing here the open and then

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rally above we can look to a seller their effort takes equal

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highs out so we have cameleon buy stop liquidity pool, okay,

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runs up, knocks and stops out and then trades aggressively

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lower, creates the low of the day, it comes off the low day

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trades at or near the low. So in relationship to power

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three, if we're looking at this price action here, you can

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see that would be the daily range. So we can see that the

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opening it's a very limited upside movement above the

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opening. That's just a portion of price action here. It

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creates the high of the day during the London open kill zone

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between two o'clock and five o'clock in the morning. Dynamic

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imbalance or range expansion for the daily candle or bar

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creating the low of the day. Right here. Then we come off

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the low trading near the low of the day. In closing, right

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here. So this is this is this whole candle right here. This

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is what it looks like in a open high low close format. So

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hopefully you found this teaching insightful. Until next

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time, I wish you good luck and good trading