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 |