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ICT Market Maker Primer Course - 06 - The ICT New York Killzone.srt

Last modified by Drunk Monkey on 2021-06-10 06:21
1 00:00:09,269 --> 00:00:15,149 ICT: Okay folks, welcome back. This teaching we'll be dealing specifically with the ICT, New York kill zone.
2 00:00:21,180 --> 00:00:35,220 Okay, the New York kill zone, what ICT concepts are gonna be used in this module. Again, the importance of time and price. The New York open New York
3 00:00:35,220 --> 00:00:51,210 session important characteristics of the New York session. Okay, the New York open. Now the majors that are coupled with the dollar index or the dollar That
4 00:00:51,210 --> 00:01:03,300 to me is the ideal pair this time of day. The New York often frequently sets up an optimal trade entry pattern that can offer 20 to 30 pips as a scalp. Now the
5 00:01:03,300 --> 00:01:18,810 key times to monitor are 7am to 9am, New York time. This is what I refer to as the classic ICT, New York open kill zone. Every single day, Monday through
6 00:01:18,810 --> 00:01:29,250 Friday, I believe that if a trader were to scan through the majors that are coupled with the dollar index, they would find a setup that would offer 20 to 30
7 00:01:29,250 --> 00:01:41,370 pips, I teach that as a means of inspiring study, but not to encourage you to try to trade every single trading day. Every day, there is an opportunity for
8 00:01:41,370 --> 00:01:53,220 you to study. But that does not mean to go in and try to trade with live funds every single trading day. So by having that expectation that 20 to 30 pips
9 00:01:53,520 --> 00:02:03,990 exists every single day Monday through Friday. That's again, not an inspiration for you to go in and inspect. Expect the 100 pips to 150 pips a week I look for
10 00:02:04,710 --> 00:02:17,250 my personal trading is 50 to 75 pips a week. So between what I've shared so far with the London open, with the Asian open, and now with the new york open, get
11 00:02:17,250 --> 00:02:29,310 three opportunities every single trading day to look for an opportunity to get those specific objectives for the week. So I know that there's a high
12 00:02:29,310 --> 00:02:43,890 probability that I can get my entire weekly objective in one solid one and open, it moves a lot. If I do not get it, or I do not get a weekly objective, which is
13 00:02:43,890 --> 00:02:51,960 my one shot, one kill right trade the weekly range, because that's really what I'm framing my setups on. If I miss it, or if I get it wrong, and I have to
14 00:02:51,960 --> 00:03:03,210 mitigate a loss, I will use New York to mitigate any mess ups that I make during the week. My focus is at the beginning of the week, because Monday, Tuesday and
15 00:03:03,210 --> 00:03:15,450 Wednesday, if I operate most of my trading most many times all of my trading is then. But if I take a loss or if I miss an opportunity, and I still feel
16 00:03:15,780 --> 00:03:25,440 confident about the weekly objectives still coming to fruition, that means I see a setup that's still viable. I will go in and trade to New York open to get
17 00:03:25,440 --> 00:03:35,520 those small little scalps to add up to 50 to 75 pips, so I'm confident that I can get 20 to 30 pips in a New York open in one of the majors every single day.
18 00:03:36,540 --> 00:03:45,720 That's my experience speaking, it's not an invitation again for you to go and doing it. What I'm trying to encourage you to do is go through the charts and
19 00:03:45,720 --> 00:04:00,630 see if what I'm saying isn't exactly what you see. Every single dollar based cross will give you a setup between 7am and 9am New York time it's the easiest
20 00:04:00,660 --> 00:04:07,470 time to trade because we have the luxury of having London over lap and New York.
21 00:04:12,960 --> 00:04:25,530 And looking at the chart on the right, this is a Aussie dollar pair. And we can see that right in here delineating the New York open here that sets up the
22 00:04:25,530 --> 00:04:38,700 opportunity. an optimal trade entry is seen here. London low initial daily high retracement, then a subsequent expansion, creating the high of the day.
23 00:04:41,040 --> 00:04:54,570 Everything framed relative to what is seen on the London low for the buy. Wait for the retracement between seven o'clock and nine o'clock in the morning and
24 00:04:54,570 --> 00:05:04,650 rally. Now there's a lot of things that goes along with making this setup.  identifiable. Obviously, it's very easy for me to point to these in hindsight,
25 00:05:05,070 --> 00:05:15,570 but experience has taught me how to see these things by a small sample size of conditions. Okay? Not all of those conditions are going to be taught to you in
26 00:05:15,570 --> 00:05:23,760 my free tutorials. So you're welcome to join them in mentorship, you get all the details that are not there. But you will get a lot of insights just from the
27 00:05:23,760 --> 00:05:33,390 free tutorials. For now, I want you to just be content with identifying between seven o'clock and nine o'clock in the morning, Monday through Friday, when the
28 00:05:33,390 --> 00:05:41,040 dollar crosses, in other words, every pair that's crossed with the dollar, if you watch those pairs, between seven o'clock and nine o'clock in the morning,
29 00:05:41,040 --> 00:05:49,020 and if you have a job or if you have a business, you can't trade this particular time of day, even if you look at it in hindsight, in the evening, after the
30 00:05:49,050 --> 00:06:01,260 market has closed, you'll be able to see many examples that repeat themselves every single trading day. But again, every pair doesn't have a setup every New
31 00:06:01,260 --> 00:06:17,010 York open. But every New York open has a setup in one or more other majors that are crossed with $1. Now everything I say is reversible, if you will. And we can
32 00:06:17,010 --> 00:06:30,390 see the same scenario for the euro dollar. We have an opportunity to see both sessions here. The asian session creates a swing high London open, creating a
33 00:06:30,810 --> 00:06:43,350 high to sell short from and then the New York open. retracement, creating the high expands and goes lower this particular pair this day, I actually traded
34 00:06:43,350 --> 00:06:54,540 this. And the examples are shown on my Twitter. And you can find that for your own study. But for now, just understand that between seven o'clock in the
35 00:06:54,540 --> 00:07:09,510 morning and nine o'clock in the morning New York time, there's typically a setup that forms that offers 20 to 30 pips in New York session, the price action
36 00:07:09,510 --> 00:07:18,150 during the New York session sees a consistent round of economic news releases.  Now these news releases will many times stimulate price action. And sometimes
37 00:07:18,180 --> 00:07:27,750 it's predictable. And other times it's not. Sometimes these news releases will cause reversals in the marketplace. And sometimes they'll add fuel to the fire.
38 00:07:28,260 --> 00:07:39,780 And for momentum to an existing daily bias. The New York trading session actually extends beyond the nine o'clock hour, it goes to 2pm in New York time.
39 00:07:40,920 --> 00:07:51,480 You look at the chart here on this dollar CAD. What I'm delineating here is those specific time points when New York open begins, and 2pm in New York.
40 00:07:52,800 --> 00:08:04,080 Again, as I shown in the previous session or kill zones, everything is fractal.  So if we see the open here, and we're bullish, we see open a small little
41 00:08:04,080 --> 00:08:15,990 decline, creating the low of the range expansion, high the range and comes off the high and closes. Just like in our three on a daily candle or bar, we can see
42 00:08:16,050 --> 00:08:27,000 the New York session creates that same fractal pattern. Again, same scenario here you see, open, trades down creating the low the range, expands up creates
43 00:08:27,000 --> 00:08:37,260 the high the rains and comes off the high and closes power three applied to the individual trading sessions. Now again, there's a lot of things that goes behind
44 00:08:37,530 --> 00:08:45,870 the scenes, if you will, that builds these models or expectations for when price should be doing it. The clear and obvious one that I'm going to show you and my
45 00:08:45,870 --> 00:08:58,110 free teachings is we have a previous low rallies, he trades back down into a retracement for an optimal trade entry between this low this low. Okay, so we
46 00:08:58,110 --> 00:09:15,270 can see using previous day's lows to the session low. For New York, we can get an opportunity to be long with this scenario. The New York session
47 00:09:15,270 --> 00:09:16,140 characteristics
48 00:09:17,790 --> 00:09:28,260 the New York session typically has two potential scenarios. continuation of London's move, or a complete reversal on the daily direction. Now it's not my
49 00:09:28,260 --> 00:09:37,620 goal to teach you market reversals because quite honestly, there's a lot of things that are required to do that. But there are some things in the tutorials
50 00:09:37,620 --> 00:09:47,310 that will help you. But it's not going to be completed science because it takes a lot of information and a lot of teachings to supplement those conditions. And
51 00:09:47,370 --> 00:09:58,350 even then it's not going to be clear to you experienced it's going to be the the teacher if you will. But the continuation of the London move, I believe is the
52 00:09:58,350 --> 00:10:08,550 easiest and that's why I taught in my opinion. tutorials, that approach. So when the daily chart is in a clear one side of momentum, it is easiest to look for
53 00:10:08,640 --> 00:10:18,420 confirmation of that direction in London price action. For example, if London agrees with a daily chart being bullish, that means we should be seeing a low
54 00:10:18,420 --> 00:10:30,960 form in London, we would anticipate a retracement lower into New York open and in agreement with that daily bias, so we would anticipate a New York low posted
55 00:10:30,960 --> 00:10:43,890 continuation setup or optimal trade entry by again, reversals are they require a lot more things that I can't teach in just one video. There's so many things
56 00:10:43,890 --> 00:10:55,860 that goes into that. And if you go through access my old teachings of free tutorials. There's a lot of emphasis focusing on higher timeframe, higher
57 00:10:55,860 --> 00:11:06,690 timeframe, higher timeframe. Now there are times as a well experienced trader, that's been doing it a long time, like myself, I can trade any timeframe. And I
58 00:11:06,690 --> 00:11:18,570 could also look for reversals. That would go contrary, the higher timeframe direction, you as a developing trader may not have that diversity yet. But you
59 00:11:18,570 --> 00:11:30,780 will have that over time experiences the teacher in that I give a lot of details about that in the mentorship. But you don't have to have that. You don't need
60 00:11:30,780 --> 00:11:42,000 that. If you get accustomed to trading continuations, and trading in agreement with a daily bias, and only taking those setups, you will have the best setups
61 00:11:42,480 --> 00:11:51,270 because sometimes the reversal patterns, sometimes they're great, and they pay a lot and there's big movements and pips. Other times it's not so much, and they
62 00:11:51,270 --> 00:12:00,810 can be rather disappointing. So it's much easier for us to see the daily bias on the daily chart where that momentum is, and trade in that direction, because
63 00:12:00,810 --> 00:12:10,380 that's going to be the most likely expansion, or the most likely side of the marketplace to be on where the big moves are going to occur. Again, there's
64 00:12:10,380 --> 00:12:19,800 going to be shocks and retracements all the time that come to the marketplace that are either expected or unexpected in the form of reversals, okay, or deep
65 00:12:19,800 --> 00:12:31,230 retracements they're not necessary. They're very exciting. Sometimes real quick, one day or intraday declines or rally to retrace to another optimal trade entry,
66 00:12:31,230 --> 00:12:43,530 sell something like that. Try to convince yourself that it's much easier to trade with the daily bias. And to look for your daily ranges to expand in that
67 00:12:43,530 --> 00:12:56,040 direction. You're going to see folks online that are going to be showing a lot of trades, they may or may not take in they they may not actually have any any
68 00:12:56,040 --> 00:13:05,640 horse in the race, if you will, there's it's just them talking about something that's already happened. Try to just keep your focus on looking for scenarios in
69 00:13:05,640 --> 00:13:14,310 the New York open, that are in agreement with the daily. So if the deal is bullish, we're looking for one in the crate low. And then at seven o'clock in
70 00:13:14,310 --> 00:13:23,130 the morning, we're gonna be looking for some measure of a retracement lower, then we'll be seeing we're anticipating rather a optimal trade entry to go long
71 00:13:23,340 --> 00:13:32,490 at the New York open ending anticipate expansion on the upside on the daily range, where we would expect that range expansion for power three for the daily
72 00:13:32,490 --> 00:13:37,140 bar daily candle. That's what we're looking for that dynamic imbalance.
73 00:13:42,840 --> 00:13:55,800 I have an example that here on the dollar CAD we have a London low formed and we can see that the market did in fact come back from this low to this high. They
74 00:13:55,800 --> 00:14:07,260 retraced rather deeply here. Optimal trade entry long here. Then price rallies away. And then we have a retracement lower in in New York open. And several
75 00:14:07,260 --> 00:14:16,020 things in here. There's optimal trade entry. And there's also a run on liquidity. We have equal lows in here. In a bullish market, the market comes
76 00:14:16,020 --> 00:14:25,350 down into New York open takes those stuffs out and then rallies. So that would be one scenario we can look at here. And the continuation of the daily range on
77 00:14:25,350 --> 00:14:38,310 the upside reaching for relatively equal highs. liquidity progressively well there's highs, you see it reaches for that rather handsomely. Okay. So New York
78 00:14:38,310 --> 00:14:47,550 open, in my opinion, and I've been doing this for a very, very long time. It's so much easier to trade that session because it has a built in advantage. And
79 00:14:47,550 --> 00:14:59,100 the secret to it is what's going on in London. Okay, if you can arrive at a daily bias on a daily chart, and then wait to see if London supports that notion
80 00:14:59,100 --> 00:15:08,070 if it's well In London creates a low and we've rallied. And then we start declining into New York open, it's pretty much a loaded deal, you're going to
81 00:15:08,070 --> 00:15:17,460 have a scalp that would offer 20 to 30 pips in New York. And if you're new, you're probably not going to appreciate that too much. But if you have been
82 00:15:17,460 --> 00:15:26,760 trading for a while, and you just heard me explain that, you're going to be rather surprised and tickled when you see how often that unfolds because you
83 00:15:26,760 --> 00:15:32,700 have a little bit more experience in reading price, and it's going to jump off the chart at you and then suddenly, you're going to see a lot of opportunities
84 00:15:32,700 --> 00:15:34,590 that otherwise went right over your head.
85 00:15:39,960 --> 00:15:47,730 So hopefully you found this teaching insightful. If you enjoyed it, you can find more at the inner circle trader calm