ICT Market Maker Primer Course - 07 - The ICT London Close  Killzone.srt

Last modified by Drunk Monkey on 2021-06-10 06:22
1 00:00:11,370 --> 00:00:16,530 ICT: Okay folks, welcome back this teaching somebody specifically dealing with the ICT on nucleaus kill zone
2 00:00:22,950 --> 00:00:36,540 okay on enclose Killzone what I think key concepts are of any use in this module the importance of time and price alone then close the London close kill them
3 00:00:38,400 --> 00:00:51,720 characteristics of the London clothes Okay, so the woman clothes is a particular time of day that usually ends the opposite end of the daily range. The major
4 00:00:51,720 --> 00:01:01,350 pairs usually coupled with $1 or ideal for this time of day, and the London clothes frequently sets up an optimal trade entry pattern that can offer 10 to
5 00:01:01,350 --> 00:01:16,890 20 pips for a scalp the key times to monitor are 10am to noon, New York time.  This is the ICT London close kills on ABC here on a chart on the right, this is
6 00:01:16,890 --> 00:01:29,880 $1 CAD chart, you can see the beginning of the day, we had consolidation, but in that consolidation during the Asian market, we create the low of the day. Then
7 00:01:29,880 --> 00:01:40,770 after midnight, New York time, the market rallies one sided all the way up into the time window that's delineate between 10am and noon, New York time, this is
8 00:01:40,770 --> 00:01:53,940 the London close kills me see the daily high formed exactly within that little window of time. And then price subsequently traded lower into the clothes.
9 00:01:56,460 --> 00:02:06,270 Another example here is the euro dollar, just to show you how the London clothes encapsulates the daily range. Okay, we have the Asian range in here, the high
10 00:02:06,300 --> 00:02:17,760 created during the Asian market actually traded this pair. Again, this is a very similar chart we've used in this series of work. But the high forms in Asia,
11 00:02:18,090 --> 00:02:31,650 that after New York midnight time, we had a high form again and London high New York session high and then the low the day forms exactly at the parameters
12 00:02:31,680 --> 00:02:50,340 between 10am and noon, New York time. This is the ICT London close kill zone.  Market trades higher off that window of time and then goes into the clothes. But
13 00:02:50,340 --> 00:03:00,600 on the clothes kill then, if we study this portion of the day, the price action scene at London close typically sees a retracement off the high of the day on
14 00:03:00,600 --> 00:03:12,360 bullish days and off the low on the day that is seen bearish. there's typically a five minute optimal trade entry set up in these conditions. But they're very
15 00:03:12,360 --> 00:03:21,300 important to remember this. They're very, very short term in nature. So the moves aren't a lot. They're not like the equivalent of like a London open or New
16 00:03:21,300 --> 00:03:31,530 York open. It's typically going to be very small short term 1015, maybe even 20 pips, anything more than 20 pips it's going to be it's going to be a rarity for
17 00:03:31,530 --> 00:03:41,250 that to occur. But you can see it as an example here. The Aussie dollar, we have the ICT, London closed kill zone in here, and the market creates the low of the
18 00:03:41,250 --> 00:03:52,590 day, as you would expect, then it gives us an optimal trade entry long and trades higher. Now this gives us a rather easy 20 pips in here, on this
19 00:03:52,590 --> 00:04:01,620 particular day there, they won't always look like this. But it's important to see how the daily range is encapsulated. The higher lows generally formed
20 00:04:02,250 --> 00:04:15,270 between 10 o'clock and noon New York time. So for the sake of notetaking and completeness if we're bullish, and the daily close is going to be high. relative
21 00:04:15,270 --> 00:04:26,460 to its opening words it's an up close Dang, the London close is going to be typically when high today is formed between 10 o'clock and noon. Now there will
22 00:04:26,460 --> 00:04:38,880 be times when that isn't the case. But for now, if you use this general rule of thumb, it's gonna serve you well. Okay characteristics of London clothes and of
23 00:04:38,880 --> 00:04:47,520 owning clothes can create continuation points for swings that trade Wellington, New York afternoon hours. That means if we're bullish overall on the day,
24 00:04:47,850 --> 00:04:58,110 instead of creating the high of the day in bullish markets, or bullish days, many times the London close connected create a continuation pattern as seen in
25 00:04:58,110 --> 00:05:07,500 this example here on the dollar yen The market had traded higher initially during the day, and then we have a consolidation. But inside that consolidation,
26 00:05:07,500 --> 00:05:14,550 we had an optimal trade entry here, this is going to be on a five minute basis.  Okay? Whenever we're studying London close, you have to be looking at it from a
27 00:05:14,550 --> 00:05:21,090 five minute, anything hard that you're not going to get to detail, you need optimal trade entry long in here, it
28 00:05:21,090 --> 00:05:29,340 creates the continuation of the overall trend, and nice extrapolated move all the way up to 300. Extension. And what had been the direction of the day or week
29 00:05:29,520 --> 00:05:39,300 can change during the London close. And let's take a look at the example here.  And you can see this Aussie dollar chart, we can see that very phenomenon take
30 00:05:39,300 --> 00:05:52,290 place. Let's zoom in and take a closer look at what's being shown here. This is a New York and London clothes overlap. So there's characteristics that are
31 00:05:52,320 --> 00:06:04,350 important for New York session. Typically, what you'll see is the continuation of what's seen in London overnight. And that would be if we're bullish in
32 00:06:04,350 --> 00:06:17,460 London, we would expect to see New York continuing, continue moving bullish Lee as well. And then London close be the high the day. If we're bearish and we seen
33 00:06:17,760 --> 00:06:28,080 one bearish, then New York bearish, we're gonna be looking for London, close to be the low of the day. Okay, between 10 o'clock and noon, we'll expect to see
34 00:06:28,080 --> 00:06:39,270 the low of the day for now, if there are times when the market creates a Princeton's liquidity pool like this, you can clearly see what's what I'm going
35 00:06:39,270 --> 00:06:49,560 to reference here, but it's the double top gradient here. And we can see how London close this particular day creates the high of the day, but also forms a
36 00:06:49,560 --> 00:07:00,000 reversal point for the rest of that day. And the next day we see price move rather aggressively lower. So if we look at all these characteristics, as a
37 00:07:00,000 --> 00:07:09,840 whole, okay, I've started with the intraday, even though some of you may not be interested in day trading. Because of your life circumstances or you just don't
38 00:07:09,840 --> 00:07:20,100 have an appetite for doing it. it's beneficial to understand the engineering of how price moves from the short term, and then we can work from that price point
39 00:07:20,700 --> 00:07:30,210 higher into higher timeframes. It's important to know these things for entries, it's important to know these things for managing positions. Because the
40 00:07:30,210 --> 00:07:40,380 characteristics that have been shown in the free tutorials that I've done thus far, they may seem rather simplistic, they may be rather short in duration,
41 00:07:40,380 --> 00:07:51,060 you're used to very long videos from me. But the insights I've given you are very concise. They're very generic. But don't let that simplicity and short term
42 00:07:51,060 --> 00:08:03,330 delivery in presentation for you. There's a lot of insight that's been shown of giving you the DNA, if you will, of how a daily bar or candle is formed on
43 00:08:03,330 --> 00:08:12,660 bullish and bearish days. The times you're going to be unfruitful using this information is when we have a z day where it goes up and down in quiet
44 00:08:12,690 --> 00:08:22,230 consolidation or a Seek and Destroy day, which is a really wild choppy up and down. They were it doesn't really go anywhere until the last portion of the day,
45 00:08:22,230 --> 00:08:31,020 and then it runs out the stops and then once all coming. So if you accept the fact that you're going to have days where you're going to see a scenario that
46 00:08:31,020 --> 00:08:45,480 may form, and you may believe it's a scenario that may warrant a entry on your demo account, it may not come to fruition. If you study the things I've given
47 00:08:45,480 --> 00:08:56,850 you thus far, we went through the asian session, the London session, the New York session, and now we've completed the daily range with the London close
48 00:08:57,060 --> 00:09:08,280 kills on so we have everything at our disposal in terms of defining the daily range. Now, that does not mean daily bias it does not mean long term direction,
49 00:09:08,280 --> 00:09:18,750 it just means that we have been able to define the four reference points that make up power three, the open, the high, the low and the close. And what those
50 00:09:18,900 --> 00:09:29,790 three phone on take place inside of those four price points, which is the accumulation, manipulation and distribution. So hopefully you found this
51 00:09:29,820 --> 00:09:33,780 teaching insightful. You can find more at the inner circle trader.com