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

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ICT: Okay folks welcome back this teaching somebody

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specifically dealing with the ICT on enclose kill zone

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okay on enclose Killzone what ICT concepts we are going to

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use in this module the importance of time and price

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does London close

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to London close killed on characteristics of the London

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clothes. Okay, so the woman clothes is a particular time of

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day that usually ends the opposite end of the daily range.

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The major pairs usually couple with $1 or ideal for this

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time of day, and the London clothes frequently sets up an

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optimal trade entry pattern. They can offer 10 to 20 pips

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for a scalp the key times the monitor are 10am to noon, New

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York time this is the ICT London close kills on that you see

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here on the chart on the right, this is $1 CAD chart you can

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see the beginning of the day we had consolidation, but in

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that consolidation during the Asian market we create the low

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the day. Then after midnight New York time to market rallies

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one sided all the way up into the time window that delineate

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between 10am and noon, New York time, this is the London

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close kills. You see the daily high formed exactly within

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that little window of time and then price subsequently

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traded lower into the close. Another example here, this is

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the euro dollar. Just to show you how They don't enclose

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encapsulates the daily range. Okay, we have the Asian range

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in here. The high created during the Asian market actually

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traded this pair. And this is a very similar chart we've

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used in this series so far, but the high forms in Asia and

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after New York midnight time, we had a high form again and

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London high New York session high and then the low the day

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forms exactly at the parameters between 10am and noon New

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York time. This is the ICT London closed Killzone market

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trades higher off that window of time and then goes into the

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close. The only close kill then if we study this portion of

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the day, the price action scene at London close typically

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sees a retracement off the high of the Today on bullish days

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and off the low on the day that is seen bearish. there's

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typically a five minute optimal trade entry set up in these

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conditions. But they're very important to remember this.

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They're very, very short term in nature. So the moves aren't

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a lot. They're not like the equivalent of like a London open

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or a New York open. It's typically going to be very small

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short term 1015, maybe even 20 pips, anything more than 20

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pips it's going to be it's going to be a rarity for that to

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occur. But you can see it as an example here. The Aussie

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dollar, we have the ICT, London clothes kill zone in here,

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and the market creates the low of the day, as we would

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expect, then it gives us an optimal trade entry long and

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trades higher. Now this gives us a rather easy 20 pips in

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here, on this particular day there, they won't always look

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like this. But it's important to see how the daily ranges

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and capsulated higher lows generally formed between 10

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o'clock and noon New York time. So for the sake of

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notetaking, and completeness if we're bullish, and the daily

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close is going to be high relative to its opening. In other

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words, it's an up close Dang. The London close is going to

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be typically when high today's formed between 10 o'clock and

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noon. Now there will be times when that isn't the case. But

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for now, if you use this general rule of thumb, it's going

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to serve you well. Okay, characteristics of London close and

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the London close can create continuation points for swings

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that trade Wellington, New York afternoon hours. That means

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if we're bullish overall on the day, instead of creating the

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high of the day in bullish markets, or bullish days, many

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times the London closed connects to create a continuation

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pattern as seen in this example here on the dollar yen. The

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market had traded higher initially during the day, and then

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we have a consolidation. But inside the consolidation, we

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had an optimal trade entry here. This is gonna be on a five

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minute basis. Okay? Whenever we're studying London close,

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you have to be looking at it from a five minute. Anything

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higher than that, you're not going to get to detail you need

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awful trade entry long in here to create the continuation of

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the overall trend, and nice extrapolated move all the way up

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to 300. Extension. And what had been the direction of the

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day or week can change during the London close. And let's

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take a look at the example here.

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You can see this Aussie dollar chart, we can see that very

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phenomenon take place. Let's zoom in and take a closer look

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at what's being shown here. This is a New York and London

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clothes overlap. So there's characteristics that are

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important for New York session. Typically what you'll see is

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the continuation of what's seen In London overnight, and

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that would be if we're bullish in London, we would expect to

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see New York continue, continue moving bullish Lee as well.

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And then London clothes be the high today. If we're bearish

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and we've seen one in bearish, then New York bearish, really

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looking for London, close to be the low of the day, okay,

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between 10 o'clock and noon, we'll expect to see the low of

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the day form. Now, if there are times when the market

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creates a Princeton's a liquidity pool like this, you can

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clearly see what I'm what I'm going to reference here, but

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it's the double top right in here. And we can see how London

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close this particular day creates the high of the day but

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also forms a reversal point for the rest of that day. And

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the next day we see price move rather aggressively lower. So

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if we look at all these characteristics, as a Hole. Okay,

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I've started with the intraday, even though some of you may

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not be interested in day trading, because of your life

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circumstances or you just don't have an appetite for doing

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it. it's beneficial to understand the engineering of how

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price moves from the short term, and then we can work from

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that price point higher into higher timeframes. It's

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important to know these things for entries. It's important

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to know these things for managing positions. Because the

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characteristics that been shown in the free tutorials that

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I've done thus far, they may seem rather simplistic, they

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may be rather short in duration, you're used to very long

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videos from me. But the insights I've given you are very

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concise. They're very generic. But don't let that simplicity

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and short term delivery and presentation for you. There's a

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lot of insight that's been shown have given you the DNA if

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you will, of how a daily bar or candle is formed on bullish

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and bearish days. The times you're going to be unfruitful

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using this information is when we have a z day where it goes

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up and down in quiet consolidation or a Seek and Destroy

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day, which is a really wild choppy up and down day where it

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doesn't really go anywhere until the last portion of the

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day, and then it runs out the stop and then once all coming.

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So if you accept the fact that you're going to have days

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where you're going to see a scenario that may form and you

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may believe it's a scenario that may warrant a entry when

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your demo account, it may not come to fruition. If you study

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the things I've given you thus far, we went through the

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asian session, the London session, the New York session, and

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now we've completed the daily range with the one the close

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kills on so we have everything thing at our disposal in

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terms of defining the daily range. Now, that does not mean

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daily bias, it does not mean long term direction, it just

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means that we have been able to define the four reference

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points that make up our three, the open, the high, the low

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and the close. And what those three found on take place

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inside of those four price points, which is the accumulation

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and manipulation and distribution. So hopefully you found

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this teaching insightful. You can find more at the inner

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circle trader.com