ICT Market Maker Primer Course - 14 - Trading The Key Swing Points.srt

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ICT: Welcome back folks, this teaching is going to be

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specifically dealing with trading the key swing points.

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Okay, so what swing points we're gonna be teaching in this

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module, we're gonna be revisiting the Asian open. The London

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open, the New York open, and the London close. Right, so

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engineering the daily range. Now, obviously, I teach with

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power three that the general rule of thumb is that Asia is a

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consolidation. Then we'll increase the high the low of the

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daily range. New York is part of the expansion in London

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close creates the higher low today or the opposite end of

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the range that's formed in London, but not always is that

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the case? In some instances, the Asian open will create the

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daily high or low, as seen here in this example, the low the

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days formed during the Asian open and then the highest

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formed in the London session. Conversely, I as I mentioned

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in the beginning, this is a typical power three scenario

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where we have consolidation Asia, then when it's bullish, we

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create the low of the day and then expand throughout the

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rest of the day. Now London open, it can create obviously as

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I teach with power three can create the low or high today in

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this example here we can see the London session creates a

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very low lower than it was at the beginning of the trading

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in Asia. Or London can be part of a retracement when the

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asian session creates a low the So the way we're going to

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use this information is, if Asia creates a low or high today

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in this example, creates a low and starts to run and expand

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outside of the Asian range. This drop down in London is

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typically going to be a retracement of the initial leg or

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impulse leg of the intraday move. If we're bullish, we're

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going to assume that Asia creates the low and we're

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retracing down into what would be optimal trade entry. And

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that could be a long so London open can be a part of the

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move that occurs and originates from the agent open. Now the

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New York open this to create the higher low the daily ranges

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well. As you can see, there's an example of the market

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staying in a consolidation drops down and we'd have to

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assume that we would be bearish this particular day. But

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there may be a big news event that comes out and it creates

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a long liquidity and we can see that run of all these equal

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highs here, creating the New York open rate on liquidity

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that makes the high today in the market trades lower as a

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result. Equally significant. We can see the New York open

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can be part of a retracement from the London open. Here we

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see the low formed in London creates an impulse swing.

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trades back down into the New York open. creates a nice

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retracement and then rallies creating the high today later

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on joining New York and overlap of London close. So in both

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scenarios, this is the classic scenario. This is what I

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teach and have taught for years. This is the easiest setup

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when we want to trade the New York open. So the swing point

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it takes place here. We have to assume that we're bullish

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before and then the low has to be formed ensures a clear

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impulse swing during the London session then retraces during

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the Loading lunch going into New York open. We can see the

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turning point here or swing point that will be traded rather

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handsomely. Now this is a bullish scenario it was just as

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equally effective if it was London a new high today it

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trades lower during the London session, Dan retraces up into

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New York session creating a retracement which is a classic

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continuation on the bearish idea or down close premise for

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the daily range for your particular market and expansion

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going towards London close. So everything we're showing here

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just can be done in reverse. Okay, the London clothes now

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this can be the high or low of the day. Typically we're

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bullish and London's grades the low of the day or age has

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created a low of the day. London clothes tends to be the

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opposite end of the range. Now it doesn't always close to

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high end or low end of the range but generally As a rule of

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thumb, I believe that it'll serve you well. other instances

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it can create the high the day when it's been in range

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bound, as you can see here,

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market was in large consolidation, we had equal highs,

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market runs up during London close, takes those highs and

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creates the actual high of the day and trades lower. This

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could be done in reverse. This could have easily been equal

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lows down here, and it could have eventually drove down to

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get equal lows and making the low of the day. And or it can

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be a reversal point from a longer term perspective. As we

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see here, the market had been trading higher during the

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London close time period.

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During the London close time period, the market makes a

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reversal on Friday, next week. The following link opens,

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trades in consolidation and begins to move lower And moves

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significant lower on the following weeks Tuesday. So it can

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act as a reversal. Now, how do you use these swing points,

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you won't be using higher timeframe price levels. And when

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these specific key swing points or time of day, overlap with

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higher timeframe levels, you can anticipate what would be

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otherwise expected on a higher timeframe. For instance, if

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we had a key resistance level that we were watching on a

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daily timeframe, if we came to this level in mind, and we're

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going to speak hypothetically here, because there's so many

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examples, I could literally make a five to six hour long

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video, and then wouldn't even scratch the surface, which is

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the reason I have to have a mentorship because there's so

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many types of conditions and setups that are available. Not

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that you need to know every single one of them, but it makes

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you very versatile as a trader. As you can see things in the

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marketplace that aren't going to surprise you. You can

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participate them and wait for them. Come in. But if we're

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looking for our key resistance level on the daily chart,

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that could be the time of day when London trades up to that

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key resistance point. And at the time of the day, we're in

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the trades there, you could be a seller at London close,

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even while the day was bullish, because it's hitting that

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higher timeframe, daily resistance price point, that could

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be the point in which best to sell short. And that would be

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a scenario and the same thing would be applied to all these

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key swing points or time of day,

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because

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we have characteristics have been shown here. And we also

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went beyond what was typically taught as my ICT power three,

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there's some blending of the rules. And I've given you

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generic characteristics, if you will, for each of the four

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major key swing points. So I want you to go through your

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charts and pull up a 15 minute time frame or it could be a

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30 minute time frame. And I want you to look at all the

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times that the market turns and create significant daily

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highs and lows It makes intra week and weekly highs and lows

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and look at the monthly highs and lows, what are they

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forming, and you'll be able to see a storyline over time

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studying it in reference to the higher timeframe key support

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resistance levels that you would otherwise look for. When

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these time periods or key swing points trade to them, you

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will see significant and high probability turning points.

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Hopefully you enjoyed this presentation. Obviously if you

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want to find more, you can visit my website at the inner

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circle trader.com