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Version 1.1 by Drunk Monkey on 2020-11-20 16:01
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3 ICT: Okay folks welcome back this teaching somebody
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7 specifically dealing with the ICT on enclose kill zone
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11 okay on enclose Killzone what ICT concepts we are going to
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15 use in this module the importance of time and price
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19 does London close
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23 to London close killed on characteristics of the London
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27 clothes. Okay, so the woman clothes is a particular time of
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31 day that usually ends the opposite end of the daily range.
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35 The major pairs usually couple with $1 or ideal for this
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39 time of day, and the London clothes frequently sets up an
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43 optimal trade entry pattern. They can offer 10 to 20 pips
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47 for a scalp the key times the monitor are 10am to noon, New
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51 York time this is the ICT London close kills on that you see
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55 here on the chart on the right, this is $1 CAD chart you can
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59 see the beginning of the day we had consolidation, but in
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63 that consolidation during the Asian market we create the low
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67 the day. Then after midnight New York time to market rallies
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71 one sided all the way up into the time window that delineate
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75 between 10am and noon, New York time, this is the London
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79 close kills. You see the daily high formed exactly within
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83 that little window of time and then price subsequently
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87 traded lower into the close. Another example here, this is
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91 the euro dollar. Just to show you how They don't enclose
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95 encapsulates the daily range. Okay, we have the Asian range
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99 in here. The high created during the Asian market actually
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103 traded this pair. And this is a very similar chart we've
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107 used in this series so far, but the high forms in Asia and
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111 after New York midnight time, we had a high form again and
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115 London high New York session high and then the low the day
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119 forms exactly at the parameters between 10am and noon New
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123 York time. This is the ICT London closed Killzone market
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127 trades higher off that window of time and then goes into the
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131 close. The only close kill then if we study this portion of
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135 the day, the price action scene at London close typically
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139 sees a retracement off the high of the Today on bullish days
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143 and off the low on the day that is seen bearish. there's
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147 typically a five minute optimal trade entry set up in these
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151 conditions. But they're very important to remember this.
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155 They're very, very short term in nature. So the moves aren't
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159 a lot. They're not like the equivalent of like a London open
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163 or a New York open. It's typically going to be very small
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167 short term 1015, maybe even 20 pips, anything more than 20
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171 pips it's going to be it's going to be a rarity for that to
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175 occur. But you can see it as an example here. The Aussie
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179 dollar, we have the ICT, London clothes kill zone in here,
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183 and the market creates the low of the day, as we would
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187 expect, then it gives us an optimal trade entry long and
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191 trades higher. Now this gives us a rather easy 20 pips in
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195 here, on this particular day there, they won't always look
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199 like this. But it's important to see how the daily ranges
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203 and capsulated higher lows generally formed between 10
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207 o'clock and noon New York time. So for the sake of
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211 notetaking, and completeness if we're bullish, and the daily
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215 close is going to be high relative to its opening. In other
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219 words, it's an up close Dang. The London close is going to
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223 be typically when high today's formed between 10 o'clock and
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227 noon. Now there will be times when that isn't the case. But
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231 for now, if you use this general rule of thumb, it's going
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235 to serve you well. Okay, characteristics of London close and
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239 the London close can create continuation points for swings
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243 that trade Wellington, New York afternoon hours. That means
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247 if we're bullish overall on the day, instead of creating the
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251 high of the day in bullish markets, or bullish days, many
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255 times the London closed connects to create a continuation
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259 pattern as seen in this example here on the dollar yen. The
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263 market had traded higher initially during the day, and then
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267 we have a consolidation. But inside the consolidation, we
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271 had an optimal trade entry here. This is gonna be on a five
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275 minute basis. Okay? Whenever we're studying London close,
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279 you have to be looking at it from a five minute. Anything
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283 higher than that, you're not going to get to detail you need
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287 awful trade entry long in here to create the continuation of
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291 the overall trend, and nice extrapolated move all the way up
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295 to 300. Extension. And what had been the direction of the
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299 day or week can change during the London close. And let's
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303 take a look at the example here.
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307 You can see this Aussie dollar chart, we can see that very
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311 phenomenon take place. Let's zoom in and take a closer look
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315 at what's being shown here. This is a New York and London
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319 clothes overlap. So there's characteristics that are
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323 important for New York session. Typically what you'll see is
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327 the continuation of what's seen In London overnight, and
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331 that would be if we're bullish in London, we would expect to
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335 see New York continue, continue moving bullish Lee as well.
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339 And then London clothes be the high today. If we're bearish
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343 and we've seen one in bearish, then New York bearish, really
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347 looking for London, close to be the low of the day, okay,
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351 between 10 o'clock and noon, we'll expect to see the low of
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355 the day form. Now, if there are times when the market
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359 creates a Princeton's a liquidity pool like this, you can
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363 clearly see what I'm what I'm going to reference here, but
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367 it's the double top right in here. And we can see how London
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371 close this particular day creates the high of the day but
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375 also forms a reversal point for the rest of that day. And
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379 the next day we see price move rather aggressively lower. So
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383 if we look at all these characteristics, as a Hole. Okay,
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387 I've started with the intraday, even though some of you may
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391 not be interested in day trading, because of your life
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395 circumstances or you just don't have an appetite for doing
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399 it. it's beneficial to understand the engineering of how
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403 price moves from the short term, and then we can work from
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407 that price point higher into higher timeframes. It's
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411 important to know these things for entries. It's important
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415 to know these things for managing positions. Because the
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419 characteristics that been shown in the free tutorials that
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423 I've done thus far, they may seem rather simplistic, they
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427 may be rather short in duration, you're used to very long
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431 videos from me. But the insights I've given you are very
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435 concise. They're very generic. But don't let that simplicity
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439 and short term delivery and presentation for you. There's a
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443 lot of insight that's been shown have given you the DNA if
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447 you will, of how a daily bar or candle is formed on bullish
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451 and bearish days. The times you're going to be unfruitful
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455 using this information is when we have a z day where it goes
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459 up and down in quiet consolidation or a Seek and Destroy
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463 day, which is a really wild choppy up and down day where it
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467 doesn't really go anywhere until the last portion of the
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471 day, and then it runs out the stop and then once all coming.
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475 So if you accept the fact that you're going to have days
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479 where you're going to see a scenario that may form and you
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483 may believe it's a scenario that may warrant a entry when
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487 your demo account, it may not come to fruition. If you study
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491 the things I've given you thus far, we went through the
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495 asian session, the London session, the New York session, and
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499 now we've completed the daily range with the one the close
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503 kills on so we have everything thing at our disposal in
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507 terms of defining the daily range. Now, that does not mean
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511 daily bias, it does not mean long term direction, it just
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515 means that we have been able to define the four reference
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519 points that make up our three, the open, the high, the low
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523 and the close. And what those three found on take place
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527 inside of those four price points, which is the accumulation
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531 and manipulation and distribution. So hopefully you found
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535 this teaching insightful. You can find more at the inner
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539 circle trader.com