ICT - Sniper Course - 08 - Escape and Evasion module - Series Review.srt
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ICT: Hello folks As ICT with the eighth
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and final installment in the scout
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sniper training series, this episode is
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going to be called escape and evasion.
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Now what it's going to be doing
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essentially is providing you a summary
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and an overview of what it is
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specifically that you should have
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gleaned going through each individual
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installment. Now, it's not my aim to
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produce additional technical concepts in
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this episode. In fact, what I've done
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was I forced you to spend six months if
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you do the calculations on your down
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there's, you'll see that we've spent six
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months from the initial installment to
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now this one being the last in the
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series to be released. Because what I
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did was I forced you to look at the
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console concepts over a period of time,
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okay, you have to have a sample set of
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looking at each individual component
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that was produced and released in
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modular form. Each episode had it in
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dividual premise in mind for you to
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study and utilize in your own exercise
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and training, so that way allows the
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individual viewers the time that's
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necessary to adopt the understanding
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that each component requires. Once we
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understand all the components
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collectively, okay and intimately on
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each component, once that's understood,
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then it's very easy for someone that's a
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mentor or a teacher to conceptualize it
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into a trading plan, or a process of
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engaging the market. So I guess it's a
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long way around saying you need to take
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the time to study each individual
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component. Know it intimately understand
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why it does what it's doing. Okay. And
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what am I referring to? Well, the time
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of day theory, okay, what happens
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between two o'clock and 5am New York
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time? Okay, during the London session,
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what do you typically see what type of
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price actions usually you characteristic
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of that time of day, the London clothes
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between 1500 and 1600 GMT. That time
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window typically, you know, produces
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something else in terms of price action
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that's very generic and repeats itself
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over and over and over again. The New
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York open, okay? 12 to 1400 GMT. Okay,
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what happens during that timeframe?
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Okay, on a daily basis, doing that over
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a period of time builds an
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understanding, again intimately on what
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each individual component of each
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installment that we produced and shared
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with you. So by having that amount of
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time and that exercise oriented approach
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to learning, hopefully you've done that.
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If you haven't, obviously, this episode
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will, more or less force you to go back
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through it again. Okay. And actually,
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it's in my intentions really to make a
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go through that series. One more time,
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and it's for YouTube views or
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statistics, you need to try to get more
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views because that's not my interest, I
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could get a handful of really
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exceptional traders, okay, that are
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consistently delivering the results that
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they aim for. That's my goal. You know,
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I don't monetize my videos, I'm not
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trying to get you know, hits or, or
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stats. So it's really the feedback,
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okay, that I get a high off of. So it's
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with really that I'm hoping that if this
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video series has been helpful to you, if
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it's insightful to us to help you build
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a foundation to price action analysis, I
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would love to have, you know, some
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feedback you can reach me at ICT at the
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inner circle trader comm it's really the
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driving force behind why I do what I do
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is I do not sell courses, I do not sell
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seminars, I do not sell books, I do not
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sell any information whatsoever. I do
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this because of just the sheer passion
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and sharing it. I'm successful in my own
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right so by sharing it, certainly not by
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take anything from me, but I certainly
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do enjoy and really get invigorated by
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the feedback of new developing traders
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or folks that have been trading for a
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long period of time that come on to the
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ICT concepts and it really gives a
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supercharged to their understanding and
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price action and hopefully, the results
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are, you know, positive. So let's get on
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to this presentation.
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Okay, so what it was, we're gonna
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be looking at in this presentation,
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we're gonna be covering Well, we're
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gonna be reviewing the series, okay, and
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basically going over what it is
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specifically that you as the viewer,
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okay, should have gleaned. Now, we're
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gonna be looking specifically at the ICT
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sniper series skill set. We have to
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understand that, you know, going through
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this video series, we've learned that
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the market moves only by means of large
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funds entering and exiting price seeks
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yield. So where yields are and where
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yields are Moving towards that is going
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to be a catalyst for where future price
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action will ensue. Okay, so you have to
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understand that price in itself isn't
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just simply moving around aimlessly,
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there is a driving force fundamentally.
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Okay, driving force behind price action.
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We cannot always discern what that is.
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Okay. There are fundamental traders that
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admittedly, they may be very, very
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astute in terms of the fundamentals, but
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me as a trader, I simply can't grasp
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fundamentals as a central tenant to my
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trading. So I rely on price action to
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convey those that are smarter than me in
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that realm. Okay, because large funds
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and, and banks are more in tune with the
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fundamentals and the drivers behind the
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currency exchange. I allow them to
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pretty much leave their footprint in the
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sand and then if they're doing something
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specific, I'm going to be looking to
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follow suit, okay. So it removes all the
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necessity of being a genius. We do not
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look to predict price moves. Okay, we
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rather wait for smart money to move
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price initially, that's going to help
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you hone the skill of patience. And if
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you understand what that footprint looks
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like, and we talked about that in
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several examples in the series, it
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allows you to simply wait for that, if
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you will,
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road sign,
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okay, because most individuals sit in
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front of the charts and you really have
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no idea what it is specifically looking
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for. But hopefully with this series, we
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have zeroed in on what specifically
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you're looking for that initial move
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that quick sudden move away from a
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particular price level that indicates
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fundamental flows being driven by
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institutional level trading, okay,
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retail trading cannot move the market.
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We are just little fleas on the big
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dogs. Okay, so if the dogs running,
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okay, hopefully we're on for the ride.
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And bottom line is we can just take a
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little bite here and there but
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ultimately we can't make the waves we
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just ride them Now the typical business
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model and trading is simply
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understanding that there's a generic
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price action theory that unfolds on a
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daily basis that goes over and over and
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over again between London to New York
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and London close. Okay. There's a small
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little pocket of action that goes on in
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Asia, but we didn't spend any time of
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any significance really, in that, but I
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do have a video dealing specifically
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with Asian trading. So if you look at
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that, on my YouTube channel, you can
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certainly glean what it is that's useful
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for that, that time window or kill zone,
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but specifically moves repeat in
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specific times of day and specific days
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of the week. And that phenomenon, again,
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is very generic. It's not attributed to
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any one author. It's not attributed to
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any one specific source. It's just a
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generic observation that I've made over
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the years and gleaning certain things
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from Larry Williams University. day of
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the week understanding with his bond and
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sap trading really gave me the insight
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to Hey, look, you know what? He's right.
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You know, because he mentioned in his
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teachings that, you know, humans, by far
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and large, were really good starters.
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Okay, but we really suck really, at, you
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know, finishing, okay. And we spent a
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lot of time throughout the week. Okay,
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China chase money. But as we get closer
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to Friday, when the markets are closing,
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our interest really wanes, and we we
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anticipate the weekend. So we spend the
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most time of our weekend studying,
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looking at the fundamental data, price
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charts, and we're all in a hurry to get
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ready to do something new for the new
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week. And that's why typically the
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weekly higher lows formed in the first
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couple days of the week and in the
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weekly range unfolds with that in mind.
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So we we learned that there's a specific
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generic business model that takes place
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and we understand how market makers deal
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within that overall price. Model long
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term higher timeframe charts illustrate
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to the direction of smart money. No
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smart money again, we've identified as
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the large funds, institutional banks,
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traders that have huge, huge accounts
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and large supplies of money to really
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cause these major shifts in price. We as
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traders, we and retail level we cannot
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cause these major price spikes, okay?
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It's just simply not enough of us. But
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when we have higher level entities,
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okay? They have really deep pockets when
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they do exchange transactions in the
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marketplace. They can't hide that. Okay,
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so there's a very, very telling
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footprint, okay, left in the charts if
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you understand what it is you're looking
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for. It really tips the cards and let
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you know what it is they're doing. Smart
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Money or large funds are not scalpers.
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Okay, they require and produce sustained
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moves. So that's, that was hopefully one
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of the main paradigm shifts that you
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encountered with this series because
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you're going to need the understanding
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of waiting for specific price action,
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okay to unfold before you take action on
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your retail account, because if you're a
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scalper and you don't understand the
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concepts of how large funds and order
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flows directly impact you as a trader,
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even as a scalper, you will fail, okay,
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you have to under have them you have to
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understanding that, you know, price has
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to move by a larger entity. And without
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that institutional quote unquote,
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sponsorships, I like to refer to as in
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price moves, you're simply going to not
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see the advancements in price that you
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can hope to make even as a scalper.
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So we
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we did a very in depth study of smart
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money and large funds and institutional
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level, order flow. So when you see that
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type of thing unfolding in your charts,
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you know, that's a green light go, you
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need to start following that market,
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okay? Now, trading environments where
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institutional flows move price
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will,
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as a direct result, make your equity
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rise, because you know that the market
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is predisposed to move on a grand scale,
271
00:12:27,600 --> 00:12:30,390
not minor static little short term blips
272
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and just static price action. That's not
273
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how you want to be trading. Even in any
274
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other asset class, not just simply an
275
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FX, you have to have that environment
276
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where things are moving. Okay. as
277
00:12:44,550 --> 00:12:47,100
traders, we need price movement. If if
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prices stagnant, there's a reason for
279
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that and we're going to talk more about
280
00:12:50,070 --> 00:12:55,080
that as we go. Quiet markets are quiet
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for fundamental reasons, specifically,
282
00:12:57,780 --> 00:13:00,960
dead money or street money. Invariably
283
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trade during these times, because they
284
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need to be doing something because they
285
00:13:06,390 --> 00:13:08,010
have no plan. They're like a dog in a
286
00:13:08,010 --> 00:13:09,270
meat market or nibbling on this and
287
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nibbling on that. We as specifically
288
00:13:14,550 --> 00:13:17,190
detail oriented traders, okay, very
289
00:13:17,190 --> 00:13:20,580
patient, very goal oriented. Okay, we
290
00:13:20,580 --> 00:13:23,760
are, we are trained to look for specific
291
00:13:23,760 --> 00:13:25,920
things in the marketplace. We don't
292
00:13:25,920 --> 00:13:27,690
simply go in there because we have time
293
00:13:27,720 --> 00:13:29,250
to sit in front of the computers to do
294
00:13:29,250 --> 00:13:30,990
some trading. We are looking for
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00:13:30,990 --> 00:13:32,580
something specifically in the price
296
00:13:32,580 --> 00:13:35,850
charts before we even contemplate
297
00:13:35,940 --> 00:13:38,460
putting on a trade okay? And that's the
298
00:13:38,460 --> 00:13:42,000
divider between the stupid street money
299
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okay or the neophyte rookie traders that
300
00:13:46,290 --> 00:13:47,970
just because they read some website,
301
00:13:48,000 --> 00:13:49,680
okay, claiming to give you the
302
00:13:49,680 --> 00:13:52,980
introductory course on price and forex,
303
00:13:53,340 --> 00:13:56,340
that will not equate to success because
304
00:13:56,340 --> 00:13:57,540
there's a whole lot of other things that
305
00:13:57,540 --> 00:14:00,960
have to go on that dimension jority of
306
00:14:01,020 --> 00:14:03,900
teaching and resources on the internet
307
00:14:04,050 --> 00:14:06,390
simply do not have the understanding or
308
00:14:06,870 --> 00:14:10,890
the new the responsible nature and in
309
00:14:10,890 --> 00:14:13,320
revealing it to you, okay? So just
310
00:14:13,320 --> 00:14:14,910
simply because it's quiet and you think
311
00:14:14,910 --> 00:14:16,950
it's safe and your stop loss will be
312
00:14:16,980 --> 00:14:18,060
safe because it has been moving around
313
00:14:18,060 --> 00:14:20,040
that much think about as as a new trader
314
00:14:20,040 --> 00:14:21,960
when you first got involved. Fast
315
00:14:21,960 --> 00:14:25,950
markets are scary, right? Why? That's
316
00:14:25,950 --> 00:14:28,080
what you want as a trader, okay, you're
317
00:14:28,080 --> 00:14:30,510
in control of the risk, you're in
318
00:14:30,510 --> 00:14:32,100
control of the leverage. So a fast
319
00:14:32,100 --> 00:14:34,140
market can be tamed with your leverage.
320
00:14:34,500 --> 00:14:39,060
Okay? But quiet markets are basically
321
00:14:39,720 --> 00:14:41,970
just graveyards waiting for you to need
322
00:14:41,970 --> 00:14:43,830
to bury yourself in because you'll over
323
00:14:43,830 --> 00:14:46,080
trade them because even if, if it's
324
00:14:46,080 --> 00:14:48,240
small stuff that you think you're safe
325
00:14:48,240 --> 00:14:51,270
by implementing small stuff still get
326
00:14:51,270 --> 00:14:53,160
tripped if you're wrong. In 90% of the
327
00:14:53,160 --> 00:14:54,600
time, new traders have no idea what
328
00:14:54,600 --> 00:14:56,580
you're doing. And this static price
329
00:14:56,580 --> 00:14:58,500
action alone will come down and tag you
330
00:14:58,500 --> 00:15:01,050
out. But you are neutral. You're going
331
00:15:01,050 --> 00:15:02,460
to retreat a quiet market because you
332
00:15:02,460 --> 00:15:03,690
need to get that money back and the
333
00:15:03,750 --> 00:15:05,430
cycle repeats. And we talked about that
334
00:15:05,430 --> 00:15:08,130
type of thing. In this series, you
335
00:15:08,160 --> 00:15:09,720
require the professional trader,
336
00:15:09,900 --> 00:15:12,570
volatility. And volatility is the
337
00:15:12,570 --> 00:15:14,400
telltale sign that someone with more
338
00:15:14,400 --> 00:15:16,530
money than you is moving the market. And
339
00:15:16,530 --> 00:15:18,000
it's time to start paying attention to
340
00:15:18,000 --> 00:15:21,990
that particular asset class. Okay. price
341
00:15:21,990 --> 00:15:24,480
moves typically in an overall weekly
342
00:15:24,480 --> 00:15:26,070
direction, okay, and you want to be
343
00:15:26,070 --> 00:15:28,230
trading in that direction, whether
344
00:15:28,230 --> 00:15:30,990
you're short term day trading, or if
345
00:15:30,990 --> 00:15:32,670
you're looking like we teach in this
346
00:15:32,670 --> 00:15:34,770
series here, one shot one kill one
347
00:15:34,770 --> 00:15:36,930
weekly setup per week to build
348
00:15:36,990 --> 00:15:40,080
discipline to build, use skill set
349
00:15:40,140 --> 00:15:43,200
development, and understanding how the
350
00:15:43,920 --> 00:15:47,070
institutional in large order flows. Move
351
00:15:47,070 --> 00:15:48,660
the market and you can sit on your hands
352
00:15:48,660 --> 00:15:50,970
and wait for really these cherry setups
353
00:15:50,970 --> 00:15:52,320
where you just simply are just not
354
00:15:53,040 --> 00:15:54,480
you're not interested in all the little
355
00:15:54,480 --> 00:15:55,650
tiny minor moves. You just want
356
00:15:55,650 --> 00:15:57,840
something that's really locked for a
357
00:15:57,960 --> 00:16:00,000
high probability low risk option.
358
00:16:02,670 --> 00:16:05,640
dynamic and or explosive moves result
359
00:16:05,640 --> 00:16:07,920
from higher timeframe analysis and time
360
00:16:07,920 --> 00:16:10,260
and price theory. By coupling the higher
361
00:16:10,260 --> 00:16:13,410
timeframe analysis concepts and time
362
00:16:13,410 --> 00:16:16,500
price theory kill zones train day the
363
00:16:16,500 --> 00:16:20,310
weak premise you will have the
364
00:16:20,310 --> 00:16:23,250
ingredients for a very very dynamic
365
00:16:23,910 --> 00:16:26,970
price action based model of trading.
366
00:16:30,059 --> 00:16:31,919
Entering when markets move opposite to
367
00:16:31,919 --> 00:16:34,439
your intended trade is optimal. That's
368
00:16:34,439 --> 00:16:36,509
the premise behind the ICT optimal trade
369
00:16:36,509 --> 00:16:39,509
entry in the OTC he forces you to trade
370
00:16:39,839 --> 00:16:41,909
in the opposite direction of where you
371
00:16:41,909 --> 00:16:43,679
intend to profit from. Okay, you're
372
00:16:43,679 --> 00:16:46,109
selling during a rally you're buying
373
00:16:46,109 --> 00:16:48,449
during a decline. That's how that price
374
00:16:48,449 --> 00:16:51,299
pattern works. Because you're doing that
375
00:16:51,599 --> 00:16:53,969
you will overcome the dealer spread much
376
00:16:53,969 --> 00:16:57,269
more quickly and you'll be closer to
377
00:16:57,269 --> 00:17:00,839
your stop versus Waiting for the market
378
00:17:00,839 --> 00:17:02,369
to move. We're looking for what you
379
00:17:02,369 --> 00:17:04,319
think is confirmation. But it's moving
380
00:17:04,319 --> 00:17:06,299
farther away from where your intended
381
00:17:06,299 --> 00:17:08,519
stop loss placement should be, thereby
382
00:17:08,519 --> 00:17:11,099
requiring you to take on more risk, okay
383
00:17:11,099 --> 00:17:14,969
than necessary. So, we've learned that
384
00:17:15,119 --> 00:17:16,589
with a paradigm shift, looking at how
385
00:17:16,589 --> 00:17:19,289
the markets are ideally and optimally
386
00:17:19,529 --> 00:17:22,139
traded, when it's moving away from your
387
00:17:22,139 --> 00:17:24,389
intended trade direction, and it takes
388
00:17:24,389 --> 00:17:27,749
some skill set exercises that require
389
00:17:27,749 --> 00:17:30,239
you to be in the market, looking at how
390
00:17:30,239 --> 00:17:32,159
price moves on a lower timeframe,
391
00:17:32,399 --> 00:17:33,149
because it gives you several
392
00:17:33,149 --> 00:17:34,859
opportunities a couple times a day,
393
00:17:35,189 --> 00:17:36,509
where you can do these types of skill
394
00:17:36,509 --> 00:17:38,729
set exercises and see what it's like
395
00:17:38,729 --> 00:17:41,279
when you eat buying when it's a bearish
396
00:17:41,279 --> 00:17:43,139
candle. Okay, when two boldface bears
397
00:17:43,139 --> 00:17:47,519
candle, it takes some reverse thinking,
398
00:17:47,699 --> 00:17:50,069
okay, because it looks like it's gonna
399
00:17:50,069 --> 00:17:51,689
continue to go lower. And that's exactly
400
00:17:51,689 --> 00:17:53,909
what the myopic retail traders think.
401
00:17:54,179 --> 00:17:56,009
And those that continuously lose their
402
00:17:56,009 --> 00:17:58,739
shirt. You have learned how to think
403
00:17:58,739 --> 00:18:00,689
differently, your mindset has now been
404
00:18:00,899 --> 00:18:02,849
plugged into how smart money operates
405
00:18:02,849 --> 00:18:04,559
because they have to buy when prices go
406
00:18:04,559 --> 00:18:06,599
down and they sell when prices are going
407
00:18:06,599 --> 00:18:11,189
up. market makers generally price
408
00:18:11,189 --> 00:18:13,319
markets higher to sell into the rally.
409
00:18:13,859 --> 00:18:15,599
We understand that that's the market
410
00:18:15,599 --> 00:18:18,599
maker sell model by having that template
411
00:18:18,599 --> 00:18:20,669
in mind, we can understand that when
412
00:18:20,669 --> 00:18:23,729
price rallies okay and goes into a
413
00:18:23,729 --> 00:18:26,639
resistance level, the price model okay
414
00:18:26,669 --> 00:18:28,949
generically speaking if you will, will
415
00:18:28,949 --> 00:18:33,599
generally unfold as that graphic that I
416
00:18:33,599 --> 00:18:36,239
shared in the series, okay depicts okay
417
00:18:36,239 --> 00:18:38,519
and the same thing is said for a market
418
00:18:38,519 --> 00:18:43,379
maker by model. market makers will
419
00:18:43,379 --> 00:18:45,389
generally price markets lower to buy
420
00:18:45,389 --> 00:18:49,139
into that drop. So it gets back to the
421
00:18:49,199 --> 00:18:52,619
phone on perhaps that we do not. We
422
00:18:52,619 --> 00:18:56,249
don't chase price. Okay, we understand
423
00:18:56,249 --> 00:18:58,379
where price may be trying to get to and
424
00:18:58,379 --> 00:18:59,969
when it gets to specific price levels.
425
00:19:00,269 --> 00:19:03,089
Then Then and only is when we stock
426
00:19:03,089 --> 00:19:05,549
setups and price patterns to facilitate
427
00:19:05,549 --> 00:19:06,959
or execute a trade entry.
428
00:19:07,830 --> 00:19:08,400
We
429
00:19:08,430 --> 00:19:11,100
don't care if prices explosively move
430
00:19:11,100 --> 00:19:14,280
250 pips and our setup has moved, okay?
431
00:19:15,060 --> 00:19:17,040
Outside the parameters of potential
432
00:19:17,040 --> 00:19:19,470
entry, and price takes off and goes in
433
00:19:19,560 --> 00:19:21,720
and leaves us behind. We do not care
434
00:19:21,720 --> 00:19:23,220
about that because we understand that
435
00:19:23,220 --> 00:19:25,320
the premise that we use to trading
436
00:19:25,620 --> 00:19:28,380
repeats over and over and over again, we
437
00:19:28,380 --> 00:19:29,910
don't have to force yourself into a
438
00:19:29,910 --> 00:19:31,440
trade and we don't have to chase it and
439
00:19:31,440 --> 00:19:33,270
jump on board after it's done moved 40
440
00:19:33,270 --> 00:19:36,150
pips, there's no, there's no, there's no
441
00:19:36,150 --> 00:19:37,800
need for that. Okay. And hopefully this
442
00:19:37,800 --> 00:19:40,200
series has produced that mindset and you
443
00:19:40,200 --> 00:19:43,170
because if you're chasing price, you're
444
00:19:43,170 --> 00:19:44,640
looking through your counterweight very,
445
00:19:44,640 --> 00:19:48,510
very quickly. Now, significant price
446
00:19:48,510 --> 00:19:50,520
moves are typically seen immediately
447
00:19:50,520 --> 00:19:53,550
after stops are rated. Now, we've given
448
00:19:53,550 --> 00:19:55,650
you exercises to look for where clean
449
00:19:55,650 --> 00:19:58,320
levels are on your chart. If you see
450
00:19:58,320 --> 00:20:00,960
several times where Short term highs
451
00:20:01,140 --> 00:20:03,390
have made rallies up to a specific price
452
00:20:03,390 --> 00:20:05,070
level but neither one made of any
453
00:20:05,070 --> 00:20:07,590
significant sweep above the previous
454
00:20:07,590 --> 00:20:10,230
high. That is an indication of the
455
00:20:10,230 --> 00:20:12,960
levels to clean and folks that are
456
00:20:13,380 --> 00:20:15,930
trading that market they may sell into
457
00:20:15,930 --> 00:20:18,360
those highs, okay? And their stop loss
458
00:20:18,450 --> 00:20:20,190
orders would be just above those
459
00:20:20,430 --> 00:20:22,620
particular highs when you see that
460
00:20:22,620 --> 00:20:24,510
phenomenon and same thing is said for
461
00:20:24,540 --> 00:20:27,210
equal lows, okay, or double bottom lows,
462
00:20:27,240 --> 00:20:29,310
I don't like double bottoms because to
463
00:20:29,310 --> 00:20:31,170
me, they're just classic scenarios for
464
00:20:31,200 --> 00:20:33,030
folks to put their stops believe beneath
465
00:20:33,030 --> 00:20:34,530
it. And then what'll happen is you'll
466
00:20:34,530 --> 00:20:38,100
get a turtle soup, okay, or similar
467
00:20:38,100 --> 00:20:40,860
pattern like that where it will barely
468
00:20:40,860 --> 00:20:43,140
go down, Spike through it, rate it in
469
00:20:43,260 --> 00:20:45,690
very dramatically and dynamically run
470
00:20:45,690 --> 00:20:48,120
the other way. Okay, and when you see
471
00:20:48,120 --> 00:20:50,760
that happen, if you don't take action
472
00:20:51,060 --> 00:20:52,830
during the raid itself,
473
00:20:53,129 --> 00:20:54,449
okay, if you're not a student enough to
474
00:20:54,449 --> 00:20:54,719
know
475
00:20:55,170 --> 00:20:57,750
how to trade those raids, then you can
476
00:20:57,750 --> 00:20:59,760
simply wait for them to unfold and then
477
00:21:00,000 --> 00:21:03,000
Wait for the waterblock to be retested
478
00:21:03,120 --> 00:21:04,800
after that initial move up, because it's
479
00:21:04,800 --> 00:21:06,420
going to be the same thing that we look
480
00:21:06,420 --> 00:21:09,120
at as a classic price rally. We wait for
481
00:21:09,120 --> 00:21:10,680
the pullback and then we buy into it.
482
00:21:11,400 --> 00:21:13,770
And same thing said for a selling
483
00:21:13,770 --> 00:21:19,530
scenario. Now Fibonacci can be used in
484
00:21:19,530 --> 00:21:22,110
trade execution. And we use it for stock
485
00:21:22,110 --> 00:21:25,260
placement and target setting. Okay, and
486
00:21:25,260 --> 00:21:27,480
using the skill set exercises that we
487
00:21:27,870 --> 00:21:30,960
released in this series, there's nothing
488
00:21:30,990 --> 00:21:32,910
outside of that, that I do with
489
00:21:32,910 --> 00:21:37,860
Fibonacci that is necessity or necessary
490
00:21:37,860 --> 00:21:39,810
rather that you need to do with
491
00:21:39,810 --> 00:21:40,890
Fibonacci to make it any more
492
00:21:40,890 --> 00:21:43,140
complicated than it is. You're you're
493
00:21:43,140 --> 00:21:45,480
looking to find a pullback between the
494
00:21:45,480 --> 00:21:48,180
69 and 79% retracement levels. And
495
00:21:48,390 --> 00:21:50,910
hopefully that is an overlay of an order
496
00:21:50,910 --> 00:21:52,980
block within a higher timeframe
497
00:21:52,980 --> 00:21:55,200
directional premise, and it's simply
498
00:21:55,200 --> 00:21:58,680
that you just wait for that to unfold
499
00:21:58,980 --> 00:22:00,870
and you use your swing projections and
500
00:22:00,870 --> 00:22:05,730
your market structure to define highs
501
00:22:05,730 --> 00:22:07,320
and lows that you would look for
502
00:22:07,920 --> 00:22:09,570
extensions in your Fibonacci for price
503
00:22:09,570 --> 00:22:13,650
objectives. Okay. Now London open and
504
00:22:13,680 --> 00:22:16,110
New York open our ideal day trade
505
00:22:16,110 --> 00:22:19,290
sessions with unique traits. Typically,
506
00:22:19,530 --> 00:22:21,240
we learned that the Long Island has
507
00:22:21,240 --> 00:22:22,830
specific characteristics that's
508
00:22:22,830 --> 00:22:25,650
inherently directly related to the
509
00:22:25,650 --> 00:22:28,230
higher low of daily range. And the New
510
00:22:28,230 --> 00:22:30,480
York open typically has a specific
511
00:22:30,480 --> 00:22:33,990
characteristic that is in relationship
512
00:22:33,990 --> 00:22:35,880
to what takes place during the London
513
00:22:35,880 --> 00:22:38,730
open. And by specifically trading those
514
00:22:38,730 --> 00:22:41,010
time windows or ICT kill zones. You have
515
00:22:41,010 --> 00:22:43,350
the highest probability trade when
516
00:22:43,350 --> 00:22:45,660
specific market turning points take
517
00:22:45,660 --> 00:22:49,110
place. Now the majority of the daily
518
00:22:49,110 --> 00:22:51,660
range highs and or lows formed in
519
00:22:51,660 --> 00:22:53,880
specific time windows or what I commonly
520
00:22:53,880 --> 00:22:58,050
refer to as ICT, ICT kill zones. It's
521
00:22:58,050 --> 00:23:00,270
not enough simply because you have free
522
00:23:00,270 --> 00:23:01,830
time to sit in front of charts you
523
00:23:01,830 --> 00:23:04,950
expect price to move, you have to be on
524
00:23:04,950 --> 00:23:08,880
board and plugged in. When the players
525
00:23:08,880 --> 00:23:11,940
are on the on the playing field, if the
526
00:23:11,940 --> 00:23:13,950
banks are not looking to do anything
527
00:23:14,250 --> 00:23:16,800
transactionally the markets not going to
528
00:23:16,800 --> 00:23:19,530
be moving. And we've identified where
529
00:23:19,530 --> 00:23:22,620
they generally like to cluster in terms
530
00:23:22,620 --> 00:23:25,020
of volatility. We see a volatility
531
00:23:25,020 --> 00:23:27,330
injection in London open a volatility
532
00:23:27,330 --> 00:23:29,580
injection during the New York open and a
533
00:23:29,580 --> 00:23:31,590
volatility injection at the London close
534
00:23:31,590 --> 00:23:33,990
and very, very minor little movements in
535
00:23:34,020 --> 00:23:38,790
Asia. Okay, and we look for weekly
536
00:23:38,790 --> 00:23:40,740
setups that align with higher timeframe,
537
00:23:41,280 --> 00:23:43,980
timing price, at key support needless
538
00:23:44,040 --> 00:23:46,920
resistance levels so we understand how
539
00:23:46,920 --> 00:23:48,030
to look at higher time frame support
540
00:23:48,030 --> 00:23:49,410
resistance we understand how to break
541
00:23:49,410 --> 00:23:51,300
down the directional bias on the higher
542
00:23:51,300 --> 00:23:53,220
time frame dealing for our we understand
543
00:23:53,220 --> 00:23:55,350
how to look at specific times of the day
544
00:23:55,500 --> 00:23:57,030
and specific days of the week. We
545
00:23:57,030 --> 00:23:58,830
understand by blending all those things.
546
00:23:58,860 --> 00:24:02,640
That's what facilitate or defines a high
547
00:24:02,640 --> 00:24:04,560
probability, low risk trade.
548
00:24:07,290 --> 00:24:07,920
Lastly,
549
00:24:08,879 --> 00:24:11,039
trade with controlled risk management in
550
00:24:11,039 --> 00:24:13,319
equity management, always, it's not
551
00:24:13,319 --> 00:24:15,569
enough by having sound principle
552
00:24:15,599 --> 00:24:17,459
oriented trading concepts. It's not
553
00:24:17,459 --> 00:24:19,709
enough. If you over leveraged or if you
554
00:24:19,709 --> 00:24:21,929
over trade, you will blow your account.
555
00:24:22,109 --> 00:24:24,479
Okay? So it's important that you work
556
00:24:24,479 --> 00:24:27,119
within a demo account setting until
557
00:24:27,119 --> 00:24:29,279
you're absolutely 100% confident with
558
00:24:29,279 --> 00:24:31,769
your ability to stick to within a realm
559
00:24:31,769 --> 00:24:33,659
of rules and discipline oriented
560
00:24:33,659 --> 00:24:36,989
trading. Only then when you decide I
561
00:24:36,989 --> 00:24:38,609
can't define it for you. I'm not
562
00:24:38,609 --> 00:24:40,619
suggesting you should start trading live
563
00:24:40,619 --> 00:24:43,259
money until you yourself have assumed
564
00:24:43,259 --> 00:24:45,869
responsibility. You've assumed the
565
00:24:45,899 --> 00:24:47,579
understanding that's necessary for you
566
00:24:47,579 --> 00:24:49,049
as a trader, emotionally
567
00:24:49,049 --> 00:24:50,939
psychologically, before you place a
568
00:24:50,939 --> 00:24:53,009
single penny at risk in the marketplace.
569
00:24:53,069 --> 00:24:55,679
You need to define yourself as a trader,
570
00:24:55,949 --> 00:24:57,059
what specifically you're going to be
571
00:24:57,059 --> 00:24:59,459
doing okay and then when you understand
572
00:24:59,459 --> 00:25:02,429
that Even then still keep your risk
573
00:25:02,429 --> 00:25:04,229
exposure very very low.
574
00:25:10,080 --> 00:25:12,540
Okay what analysis and process is used
575
00:25:12,540 --> 00:25:14,310
to study the daily chart
576
00:25:14,879 --> 00:25:15,959
Okay, we're gonna be looking at the
577
00:25:15,959 --> 00:25:17,819
macro view on large funds
578
00:25:17,820 --> 00:25:18,690
and order flows.
579
00:25:20,580 --> 00:25:22,470
Now the ICT daily chart timeframe
580
00:25:22,470 --> 00:25:24,300
checklists now this is what you're doing
581
00:25:24,570 --> 00:25:26,490
okay when you first sit down at your
582
00:25:26,520 --> 00:25:28,500
your chart and you first begin your
583
00:25:28,500 --> 00:25:30,210
analysis on a particular pair or asset
584
00:25:30,210 --> 00:25:30,990
class if you will.
585
00:25:32,250 --> 00:25:33,450
You have your daily chart opened up,
586
00:25:33,540 --> 00:25:33,930
okay,
587
00:25:34,050 --> 00:25:35,460
what is it that you're supposed to be
588
00:25:35,460 --> 00:25:36,360
doing? Well, our
589
00:25:36,750 --> 00:25:38,520
concepts that we shared in this video
590
00:25:38,520 --> 00:25:40,440
series, okay teach us that the very
591
00:25:40,440 --> 00:25:43,710
first thing is that we look to see where
592
00:25:43,710 --> 00:25:45,750
yields are okay. Because the market
593
00:25:45,750 --> 00:25:47,820
seeks yield and where yields are
594
00:25:47,820 --> 00:25:50,400
supplied, there to is where price will
595
00:25:50,400 --> 00:25:52,440
draw to. Okay, and we understand that
596
00:25:52,830 --> 00:25:57,900
the 10 year German and the 10 year USD
597
00:25:58,800 --> 00:26:02,910
bond yields are useful, you can look at
598
00:26:02,910 --> 00:26:03,300
the
599
00:26:05,220 --> 00:26:06,090
European,
600
00:26:07,290 --> 00:26:11,160
UK rather 10 year bond yield as well.
601
00:26:11,340 --> 00:26:12,690
And when you start seeing these
602
00:26:12,720 --> 00:26:15,720
divergence as we discussed, okay, that's
603
00:26:15,720 --> 00:26:17,280
usually a telling sign that we're going
604
00:26:17,280 --> 00:26:18,450
to be seeing a shift.
605
00:26:19,050 --> 00:26:20,730
But if you are
606
00:26:21,060 --> 00:26:23,190
familiar with the futures market, you
607
00:26:23,190 --> 00:26:26,430
could look at the 10 year t note, okay
608
00:26:26,430 --> 00:26:28,170
and whatever the T note prices doing
609
00:26:28,170 --> 00:26:29,640
just that's going to be the opposite
610
00:26:29,640 --> 00:26:31,590
what yields are doing. So if t notes are
611
00:26:31,590 --> 00:26:33,930
going up, yields are going down, if t
612
00:26:33,930 --> 00:26:35,700
notes are going down, in the futures
613
00:26:35,700 --> 00:26:37,350
price, that means yields are going up,
614
00:26:37,740 --> 00:26:40,110
okay. And yields that go up will
615
00:26:40,140 --> 00:26:43,500
generally on a higher time frame basis
616
00:26:43,800 --> 00:26:46,830
will generally pull price up in the
617
00:26:46,830 --> 00:26:49,260
currency market. Okay? So it's always
618
00:26:49,410 --> 00:26:52,590
chasing yield yield. The yield itself is
619
00:26:52,860 --> 00:26:55,320
the directional premise you follow where
620
00:26:55,320 --> 00:26:57,060
the yield is, okay? Or if you want to
621
00:26:57,060 --> 00:26:58,320
use the futures market, it's going to be
622
00:26:58,320 --> 00:27:00,000
the opposite with a teenager doing quite
623
00:27:03,060 --> 00:27:05,100
Now seasonal tendencies are something
624
00:27:05,100 --> 00:27:07,890
that I consider, but they are not a
625
00:27:07,890 --> 00:27:09,870
panacea. They're not the be all end all.
626
00:27:09,900 --> 00:27:12,390
And they're no guarantee. No, I used
627
00:27:12,390 --> 00:27:14,220
them as I suggested in this video
628
00:27:14,220 --> 00:27:17,250
series. They're more like a roadmap. And
629
00:27:17,250 --> 00:27:20,340
if I was asked you in the States,
630
00:27:20,459 --> 00:27:21,899
we have a
631
00:27:22,529 --> 00:27:25,949
pretty routine seasonal influences. We
632
00:27:25,949 --> 00:27:27,719
understand when the snow is most likely
633
00:27:27,719 --> 00:27:29,459
to occur, what months of the year, we
634
00:27:29,459 --> 00:27:31,319
understand when it's going to be hot. We
635
00:27:31,319 --> 00:27:32,699
understand when it's going to be cool.
636
00:27:33,269 --> 00:27:34,529
We understand when there's going to be
637
00:27:34,529 --> 00:27:36,899
allergy season, okay? seasonal
638
00:27:36,899 --> 00:27:38,999
tendencies are valuable because we can
639
00:27:38,999 --> 00:27:42,059
look at when the large significant price
640
00:27:42,059 --> 00:27:44,069
moves are most likely to occur,
641
00:27:44,279 --> 00:27:46,739
specifically during certain months of
642
00:27:46,739 --> 00:27:49,859
the year. I would counsel you to utilize
643
00:27:49,859 --> 00:27:51,719
the seasonal tendency in that capacity
644
00:27:51,719 --> 00:27:52,679
first until you
645
00:27:52,709 --> 00:27:54,359
grow in your understanding of how the
646
00:27:54,359 --> 00:27:55,229
seasonal tendency
647
00:27:55,530 --> 00:27:58,020
chart really communicates what's going
648
00:27:58,020 --> 00:27:58,260
on.
649
00:27:58,530 --> 00:28:00,900
It's not simply looking at The lowest
650
00:28:00,900 --> 00:28:02,460
low and the seasonal tend to start and
651
00:28:02,460 --> 00:28:04,830
say, Okay, well, the market makes a low
652
00:28:04,830 --> 00:28:06,330
in this chart between this month and
653
00:28:06,330 --> 00:28:07,620
that month, therefore I'm only gonna be
654
00:28:07,620 --> 00:28:09,540
looking to be buying then No, you have
655
00:28:09,540 --> 00:28:10,950
to have some other technical
656
00:28:11,700 --> 00:28:14,130
characteristics behind the idea, not
657
00:28:14,130 --> 00:28:15,930
just simply doing it because a seasonal
658
00:28:15,930 --> 00:28:17,820
tendency suggested it's going to make a
659
00:28:17,820 --> 00:28:19,950
lower high. Okay, we're really more
660
00:28:19,950 --> 00:28:21,870
inclined to following when there's a
661
00:28:21,870 --> 00:28:24,390
large price swing that usually moves in
662
00:28:24,390 --> 00:28:25,860
one direction or the other. That's
663
00:28:25,890 --> 00:28:29,520
really the basis for how I use seasonal
664
00:28:29,520 --> 00:28:30,180
tendencies.
665
00:28:31,920 --> 00:28:34,200
Okay, we look on a daily chart
666
00:28:34,710 --> 00:28:36,600
for obvious key support resistance
667
00:28:36,600 --> 00:28:39,060
levels. Now we note these with at least
668
00:28:39,060 --> 00:28:41,250
two to three years of data on our
669
00:28:41,250 --> 00:28:44,220
screen, okay. By having that that amount
670
00:28:44,220 --> 00:28:45,210
of data on your chart,
671
00:28:45,990 --> 00:28:47,010
it really will
672
00:28:47,640 --> 00:28:49,170
remove the necessity of having your
673
00:28:49,170 --> 00:28:50,880
weekly chart analysis done,
674
00:28:51,270 --> 00:28:54,210
okay, but it will at least give you
675
00:28:54,450 --> 00:28:56,250
the higher level
676
00:28:56,280 --> 00:28:58,710
support resistance levels that may be
677
00:28:58,710 --> 00:29:01,650
outside the scope of Most myopic
678
00:29:02,070 --> 00:29:04,500
neophyte traders that simply don't look
679
00:29:04,500 --> 00:29:08,880
beyond in the last couple weeks. Okay,
680
00:29:08,880 --> 00:29:11,880
now do not discount the levels acquired
681
00:29:12,150 --> 00:29:13,440
on the study of weekly and monthly
682
00:29:13,440 --> 00:29:15,390
charts, okay? Because these two are odds
683
00:29:15,390 --> 00:29:18,660
builders, they have the the impact, okay
684
00:29:18,660 --> 00:29:21,390
of creating very, very dynamic reversals
685
00:29:21,420 --> 00:29:25,320
okay? And if you ignore them, okay, you
686
00:29:25,320 --> 00:29:27,090
really handicapping yourself. So while I
687
00:29:27,090 --> 00:29:28,620
didn't spend a whole lot of time in this
688
00:29:28,620 --> 00:29:31,560
series doing that, it would be very
689
00:29:31,560 --> 00:29:33,240
foolish of me not to at least include it
690
00:29:33,240 --> 00:29:35,130
as a suggestion that you should be
691
00:29:35,130 --> 00:29:36,690
looking at the monthly and weekly charts
692
00:29:36,750 --> 00:29:38,370
periodically not a whole lot
693
00:29:38,369 --> 00:29:40,169
just once in a while, just take a gander
694
00:29:40,169 --> 00:29:40,529
at and you'll
695
00:29:40,559 --> 00:29:42,869
you'll hopefully see you're within a
696
00:29:42,869 --> 00:29:46,049
range that facilitates sound trading
697
00:29:46,049 --> 00:29:47,909
with the daily chart and lower
698
00:29:47,909 --> 00:29:51,809
timeframes in mind. Okay, on a daily
699
00:29:51,809 --> 00:29:53,789
chart, we try to determine the current
700
00:29:53,789 --> 00:29:55,739
market structure Okay. Are we in a
701
00:29:55,739 --> 00:29:57,149
bullish market structure or a bearish
702
00:29:57,149 --> 00:29:58,559
market structure have we just
703
00:29:58,769 --> 00:30:01,199
encountered a market structure shift,
704
00:30:01,259 --> 00:30:03,389
okay, it has a specific key hide and
705
00:30:03,389 --> 00:30:05,009
taken out. So now we would be looking
706
00:30:05,009 --> 00:30:07,259
for a buy model to unfold
707
00:30:07,650 --> 00:30:09,240
or is a swing low
708
00:30:09,390 --> 00:30:10,710
of any importance
709
00:30:11,070 --> 00:30:13,980
unfolded, where we now look for bearish
710
00:30:13,980 --> 00:30:16,530
markets moves on sell model to unfold.
711
00:30:16,770 --> 00:30:18,510
Okay, and what price swing? Are we
712
00:30:18,510 --> 00:30:20,340
trading? Is it a long term price swing?
713
00:30:20,340 --> 00:30:21,810
Is it intermediate term swing or it's a
714
00:30:21,810 --> 00:30:23,640
short term swing? Okay, these are things
715
00:30:23,640 --> 00:30:25,260
that you have to discern that are really
716
00:30:25,680 --> 00:30:27,840
built upon the type of trade that you're
717
00:30:27,870 --> 00:30:28,680
going to be hunting.
718
00:30:31,020 --> 00:30:32,460
What are large funds doing?
719
00:30:32,670 --> 00:30:34,710
And where is the order flow suggesting
720
00:30:34,920 --> 00:30:37,890
prices trading up or down? Basically,
721
00:30:38,220 --> 00:30:41,040
it's like market structure or order flow
722
00:30:41,040 --> 00:30:43,440
where if we take out specific highs and
723
00:30:43,440 --> 00:30:46,440
lows, again, in conjunction with market
724
00:30:46,440 --> 00:30:49,800
structure as a whole, if we see flows
725
00:30:49,800 --> 00:30:52,020
are bullish, okay, we need to be
726
00:30:52,020 --> 00:30:53,850
starting to look for
727
00:30:54,119 --> 00:30:55,529
our tools that suggest
728
00:30:55,530 --> 00:30:57,060
and support the notion that the higher
729
00:30:57,060 --> 00:30:57,960
prices are an order
730
00:30:58,529 --> 00:31:01,709
and vice versa for Selling scenarios.
731
00:31:03,989 --> 00:31:05,969
overlaying the nine exponential moving
732
00:31:05,969 --> 00:31:08,009
average and 18 exponential moving
733
00:31:08,009 --> 00:31:10,049
average. Okay for the buy and sell
734
00:31:10,049 --> 00:31:11,939
models is very useful for directional
735
00:31:11,939 --> 00:31:13,799
bias. It's one of the reoccurring
736
00:31:13,799 --> 00:31:15,239
themes. I get an email all the time,
737
00:31:15,510 --> 00:31:16,500
you know, how do I know if the markets
738
00:31:16,500 --> 00:31:17,010
gonna go up?
739
00:31:17,130 --> 00:31:18,240
I don't know if it's gonna go down?
740
00:31:18,720 --> 00:31:20,070
Well, first I'll tell you now, like I
741
00:31:20,070 --> 00:31:21,660
tell everybody in email, I don't know
742
00:31:21,660 --> 00:31:23,460
for certain it's always going to be up
743
00:31:23,460 --> 00:31:27,840
or down. I just have a odds of knowing
744
00:31:27,900 --> 00:31:31,170
over a period of time, more often right
745
00:31:31,170 --> 00:31:32,610
than I'm wrong in terms of directional
746
00:31:32,610 --> 00:31:34,950
premise. And that's all you need in
747
00:31:34,950 --> 00:31:38,190
trading. But to mathematically define
748
00:31:38,640 --> 00:31:41,730
how you as a neophyte trader can
749
00:31:41,730 --> 00:31:42,810
classically determined
750
00:31:43,680 --> 00:31:44,940
a bullish or bearish market,
751
00:31:45,119 --> 00:31:47,429
okay, just by looking at a nine and 18
752
00:31:47,699 --> 00:31:50,099
will give you a very, very good tool for
753
00:31:50,099 --> 00:31:54,089
looking for weekly setups. When a nine
754
00:31:54,089 --> 00:31:55,919
exponential moving average is greater
755
00:31:55,919 --> 00:31:57,239
than the exponential moving average.
756
00:31:57,239 --> 00:31:59,099
That means the nine is above the 18
757
00:31:59,820 --> 00:32:00,450
we Look
758
00:32:00,840 --> 00:32:03,030
to focus simply on taking long trades,
759
00:32:03,060 --> 00:32:04,650
okay, we're only trying to buy that
760
00:32:04,650 --> 00:32:07,590
market when the nine exponential moving
761
00:32:07,590 --> 00:32:10,290
average is less than the 18 exponential
762
00:32:10,290 --> 00:32:11,670
moving average or in other words the
763
00:32:11,670 --> 00:32:14,790
nine is below the 18. We focus on shorts
764
00:32:14,850 --> 00:32:15,360
only.
765
00:32:17,699 --> 00:32:19,109
Okay, we highlight key
766
00:32:19,829 --> 00:32:23,069
swing lows and swing highs. Now by
767
00:32:23,069 --> 00:32:24,599
having that we,
768
00:32:25,349 --> 00:32:27,899
we have to note the, the high,
769
00:32:27,959 --> 00:32:31,139
the low, the open the close on each of
770
00:32:31,139 --> 00:32:33,779
the three bars that comprise a swing
771
00:32:33,779 --> 00:32:35,369
high and swing low, because those
772
00:32:35,369 --> 00:32:37,229
specific levels are going to be very,
773
00:32:37,229 --> 00:32:43,769
very sensitive. Now, if you spend a lot
774
00:32:43,769 --> 00:32:46,079
of time looking at price charts, okay on
775
00:32:46,079 --> 00:32:49,049
a daily chart, do some exercises okay to
776
00:32:49,049 --> 00:32:51,869
further build your understanding of how
777
00:32:52,049 --> 00:32:54,059
the high low open and closed prices are
778
00:32:54,059 --> 00:32:56,429
sensitive, because when price goes back
779
00:32:56,429 --> 00:32:58,169
to those levels eventually at a later
780
00:32:58,169 --> 00:33:00,539
time, you'll see many times That's
781
00:33:00,539 --> 00:33:02,999
exactly where price patterns will form.
782
00:33:03,419 --> 00:33:05,699
And they'll happen to occur during an
783
00:33:05,699 --> 00:33:06,119
ICT
784
00:33:06,120 --> 00:33:06,480
kills.
785
00:33:09,599 --> 00:33:11,789
Identify major reaction levels where
786
00:33:11,789 --> 00:33:14,189
price obviously and strongly moves away
787
00:33:14,189 --> 00:33:16,559
from particular level. Okay, that's the
788
00:33:16,559 --> 00:33:17,999
footprint we're looking for when we see
789
00:33:17,999 --> 00:33:19,739
that we know when we have institutional
790
00:33:19,739 --> 00:33:21,749
sponsorship. So when we have the first
791
00:33:21,749 --> 00:33:24,899
pullback, that's what we buy, or if it's
792
00:33:24,899 --> 00:33:26,639
declined the first rally up,
793
00:33:26,759 --> 00:33:28,919
okay, that's when we look to sell into
794
00:33:30,720 --> 00:33:32,400
highlight potential order blocks where
795
00:33:32,400 --> 00:33:34,410
price will possibly react in similar
796
00:33:34,410 --> 00:33:37,200
fashion. Now, I'm not going to revisit
797
00:33:37,200 --> 00:33:38,460
order blocks because I did it
798
00:33:38,820 --> 00:33:41,280
exhaustively in this series. So if you
799
00:33:41,280 --> 00:33:44,220
understand that concept of how I
800
00:33:44,220 --> 00:33:45,840
determined where institutional order
801
00:33:45,840 --> 00:33:48,270
blocks are, you'll know what I mean by
802
00:33:48,270 --> 00:33:50,250
this, okay, and I'm going to take a
803
00:33:50,250 --> 00:33:50,910
moment here to
804
00:33:51,030 --> 00:33:52,950
amplify what we're doing because
805
00:33:53,010 --> 00:33:55,080
this may look like an oversimplification
806
00:33:55,140 --> 00:33:57,060
so far in this video, but I really want
807
00:33:57,060 --> 00:33:59,610
you to understand there was a whole lot
808
00:33:59,610 --> 00:34:02,190
of information delivered to you over
809
00:34:02,190 --> 00:34:05,310
seven individual videos. I'm not going
810
00:34:05,310 --> 00:34:07,680
to build up each each piece of this
811
00:34:07,829 --> 00:34:09,479
with examples because you already have
812
00:34:09,479 --> 00:34:09,779
that
813
00:34:09,810 --> 00:34:11,910
understanding in the video itself. So
814
00:34:11,910 --> 00:34:13,740
you have to take that information and
815
00:34:13,740 --> 00:34:16,230
build it upon this checklist okay
816
00:34:16,230 --> 00:34:17,880
and amplify your understanding of what's
817
00:34:17,880 --> 00:34:18,510
necessary.
818
00:34:20,849 --> 00:34:22,949
Now all levels and order blocks are
819
00:34:22,949 --> 00:34:25,439
carried over to the lower four hour and
820
00:34:25,829 --> 00:34:27,809
16 minutes and lesser timeframes.
821
00:34:34,110 --> 00:34:36,090
Okay, what analysis and processes used
822
00:34:36,180 --> 00:34:38,100
on the study of the four hour chart
823
00:34:39,810 --> 00:34:41,160
now the intermediate view
824
00:34:41,700 --> 00:34:43,920
on large funds and order flows
825
00:34:44,460 --> 00:34:47,190
it's the ICT four hour chart, timeframe
826
00:34:47,190 --> 00:34:47,820
checklist.
827
00:34:48,629 --> 00:34:50,489
Okay, now the daily analysis is kept in
828
00:34:50,489 --> 00:34:51,179
focus here.
829
00:34:51,540 --> 00:34:52,800
Okay, simply because we're down on a
830
00:34:52,800 --> 00:34:55,470
four hour chart does not mean we simply
831
00:34:55,500 --> 00:34:58,620
toss away the analysis and the premise
832
00:34:58,620 --> 00:35:00,690
that's arrived at Looking at the daily
833
00:35:00,690 --> 00:35:01,050
chart,
834
00:35:01,590 --> 00:35:03,960
and we hold on to this bias, okay
835
00:35:03,960 --> 00:35:05,850
derived on the daily chart as our
836
00:35:05,850 --> 00:35:08,460
foundational basis for trade ideas.
837
00:35:09,750 --> 00:35:12,480
While the daily analysis is in a bi
838
00:35:12,480 --> 00:35:15,300
model, we look for key support levels to
839
00:35:15,300 --> 00:35:19,440
stock setups on. And conversely, while
840
00:35:19,440 --> 00:35:21,360
the daily analysis is in a sell mode,
841
00:35:21,660 --> 00:35:23,430
we'd look for key resistance levels to
842
00:35:23,430 --> 00:35:27,840
stock setups on majority of stop orders
843
00:35:27,870 --> 00:35:30,330
are discernible on this timeframe. Look
844
00:35:30,330 --> 00:35:31,980
for rating candidates, because they're
845
00:35:31,980 --> 00:35:33,720
going to provide you liquidity and where
846
00:35:33,720 --> 00:35:35,790
there's liquidity pools, there's going
847
00:35:35,790 --> 00:35:36,240
to be
848
00:35:36,810 --> 00:35:39,090
very discernible clear highs and lows
849
00:35:39,090 --> 00:35:39,450
that
850
00:35:40,260 --> 00:35:42,750
if taken out, it would still keep the
851
00:35:42,750 --> 00:35:43,320
overall
852
00:35:43,350 --> 00:35:44,280
price structure
853
00:35:45,300 --> 00:35:48,030
you either bullish or bearish. But you
854
00:35:48,030 --> 00:35:49,500
got to ask yourself always, you know,
855
00:35:49,530 --> 00:35:50,850
where's the guys
856
00:35:50,880 --> 00:35:52,440
that are profiting right now, where are
857
00:35:52,440 --> 00:35:52,740
they
858
00:35:53,880 --> 00:35:55,560
placing their stop loss order because
859
00:35:55,560 --> 00:35:57,300
before the next significant price move
860
00:35:57,300 --> 00:36:00,480
happens invariably that levels rate and
861
00:36:00,480 --> 00:36:02,880
tested and then quickly seen price
862
00:36:02,880 --> 00:36:07,260
reject and go the other way. Define for
863
00:36:07,260 --> 00:36:10,830
our order flow and coupled this with
864
00:36:10,830 --> 00:36:12,960
market structure. What do I mean by
865
00:36:12,960 --> 00:36:14,580
that? Okay, well, we look at the four
866
00:36:14,580 --> 00:36:18,150
hour trend. Okay, we look at key highs
867
00:36:18,150 --> 00:36:19,350
and lows, if a
868
00:36:19,470 --> 00:36:21,510
specific short term high
869
00:36:21,720 --> 00:36:24,060
is taken out on a four hour chart,
870
00:36:24,660 --> 00:36:26,640
once that's taken out, our order flow
871
00:36:26,640 --> 00:36:29,280
and market flow is changed to bullish,
872
00:36:29,430 --> 00:36:31,050
okay. And we're gonna be looking for
873
00:36:31,050 --> 00:36:34,440
that to be in alignment with the higher
874
00:36:34,440 --> 00:36:37,320
timeframe daily. Ideally, the same thing
875
00:36:37,320 --> 00:36:39,510
would be seen on the daily chart. In
876
00:36:39,510 --> 00:36:40,470
other words, if we have a short term
877
00:36:40,470 --> 00:36:42,240
high, taken out on a daily chart,
878
00:36:43,200 --> 00:36:44,460
order flow is now in bullish.
879
00:36:44,670 --> 00:36:46,290
So if you're looking at the four hour
880
00:36:46,290 --> 00:36:48,810
timeframe, when the four hour market
881
00:36:48,810 --> 00:36:51,480
flow and order flow changes to
882
00:36:51,480 --> 00:36:53,490
bullishness, we have both in agreement.
883
00:36:53,670 --> 00:36:56,430
Okay. That's simply not enough. You have
884
00:36:56,430 --> 00:36:57,960
to have that coupled with market
885
00:36:57,960 --> 00:37:00,570
structure. Are we having a Entering a
886
00:37:00,570 --> 00:37:03,240
term, a long term or short term low or
887
00:37:03,240 --> 00:37:05,010
high forming, and where are we at in
888
00:37:05,010 --> 00:37:07,860
terms of price swings, okay? by blending
889
00:37:07,860 --> 00:37:09,930
all those components together, okay?
890
00:37:09,960 --> 00:37:11,730
You'll find that you're buying support
891
00:37:11,880 --> 00:37:15,270
when the daily trend or bias is up.
892
00:37:17,070 --> 00:37:18,510
And conversely, the same thing can be
893
00:37:18,510 --> 00:37:19,410
said in reverse
894
00:37:19,650 --> 00:37:21,180
when it for our order flow
895
00:37:21,180 --> 00:37:23,310
is coupled with the market structure.
896
00:37:23,490 --> 00:37:25,080
Okay, you're gonna be selling resistance
897
00:37:25,080 --> 00:37:30,270
when the daily is down. Look for
898
00:37:30,270 --> 00:37:32,340
reaction levels within the daily
899
00:37:32,340 --> 00:37:34,440
directional premise or bias.
900
00:37:35,850 --> 00:37:37,410
That means your four hour charts going
901
00:37:37,410 --> 00:37:38,070
to see
902
00:37:38,550 --> 00:37:41,820
quick sudden rallies or declines. Okay.
903
00:37:42,000 --> 00:37:44,910
Ideally, those moves will be in the same
904
00:37:44,910 --> 00:37:46,950
direction that you have arrived at for a
905
00:37:46,950 --> 00:37:49,860
bias on your daily chart. If it's not,
906
00:37:50,010 --> 00:37:52,140
you don't trade it. That's not your
907
00:37:52,140 --> 00:37:54,840
trade. Okay. So we're filtering out a
908
00:37:54,840 --> 00:37:56,700
specific side of the marketplace that we
909
00:37:56,700 --> 00:37:57,150
want to be
910
00:37:57,960 --> 00:37:59,820
you executing our trades on
911
00:38:00,480 --> 00:38:02,280
Yes, you're going to miss trades. I'm
912
00:38:02,280 --> 00:38:03,690
promising you that you're going to miss
913
00:38:03,690 --> 00:38:05,280
trades. I'm promising you that you're
914
00:38:05,280 --> 00:38:07,380
gonna miss explosive dynamic moves that
915
00:38:07,380 --> 00:38:10,200
are counter trend. Who cares? You want
916
00:38:10,200 --> 00:38:12,390
to be consistently taking one solid
917
00:38:12,390 --> 00:38:15,030
setup per week profiting moving to the
918
00:38:15,030 --> 00:38:16,590
sidelines and waiting for the next
919
00:38:16,590 --> 00:38:20,970
setup. Order blocks can be fine tuned on
920
00:38:20,970 --> 00:38:24,090
this period, and more precise levels at
921
00:38:24,090 --> 00:38:26,700
or near institutional levels. So in
922
00:38:26,700 --> 00:38:29,370
other words by taking your your 80s,
923
00:38:29,430 --> 00:38:31,530
your 20s, your 50s and your full
924
00:38:31,530 --> 00:38:35,100
figures. Those levels will be very close
925
00:38:35,100 --> 00:38:38,460
if many if not many times the preseason
926
00:38:38,730 --> 00:38:40,590
levels that you will see these
927
00:38:40,590 --> 00:38:42,450
formations and price patterns take
928
00:38:42,450 --> 00:38:47,190
place. If in doubt on the daily chart,
929
00:38:47,310 --> 00:38:49,170
the four hour chart can be used as the
930
00:38:49,170 --> 00:38:53,820
guiding light on directional bias. All
931
00:38:53,820 --> 00:38:56,670
for our analysis is carried out and over
932
00:38:56,730 --> 00:38:58,110
two to 60 minute chart
933
00:38:58,260 --> 00:39:00,000
and or lower time frame.
934
00:39:07,109 --> 00:39:08,759
Okay, what analysis and processes used
935
00:39:08,789 --> 00:39:09,839
on the study of the 60
936
00:39:09,840 --> 00:39:10,410
minute chart.
937
00:39:11,670 --> 00:39:13,500
Now, this is the short term view one
938
00:39:13,530 --> 00:39:16,890
large funds and or order flows. The ICT
939
00:39:16,890 --> 00:39:20,070
60 minute chart timeframe checklist is
940
00:39:20,070 --> 00:39:20,820
as follows.
941
00:39:22,080 --> 00:39:23,100
The Daily analysis is
942
00:39:23,100 --> 00:39:24,330
still kept in focus here.
943
00:39:24,720 --> 00:39:26,460
And again we are still holding on to
944
00:39:26,460 --> 00:39:29,580
this as our basis and foundational by
945
00:39:29,730 --> 00:39:33,930
basis for trade ideas. Daily analysis
946
00:39:33,990 --> 00:39:36,450
could be mixed, so consult for our
947
00:39:36,450 --> 00:39:39,210
perspective if that's the case. Ideally,
948
00:39:39,240 --> 00:39:43,470
daily and four hour should agree. The
949
00:39:43,470 --> 00:39:45,780
order blocks on both daily and four hour
950
00:39:45,810 --> 00:39:47,700
will produce the highest probability
951
00:39:47,700 --> 00:39:48,300
setups,
952
00:39:48,420 --> 00:39:49,920
so it's important that you focus there
953
00:39:49,920 --> 00:39:50,490
first.
954
00:39:53,070 --> 00:39:55,230
The reaction levels seen on the 60
955
00:39:55,230 --> 00:39:57,750
minute chart will permit fine tune entry
956
00:39:58,470 --> 00:40:00,510
with the utilization of audible blocks
957
00:40:00,540 --> 00:40:04,560
and those blocks will be selected based
958
00:40:04,560 --> 00:40:06,660
on the same premise that you find on the
959
00:40:06,660 --> 00:40:08,610
four hour and daily, a sudden quick
960
00:40:08,610 --> 00:40:10,650
advancement in price or decline in
961
00:40:10,650 --> 00:40:12,960
price, then returned to the point of
962
00:40:12,960 --> 00:40:18,150
origin. Viewing the weekly perspective
963
00:40:18,150 --> 00:40:20,490
on a 60 minute basis will provide a good
964
00:40:20,490 --> 00:40:23,640
vantage point for swings. Now, when
965
00:40:23,640 --> 00:40:25,200
you're looking at a weekly
966
00:40:27,300 --> 00:40:28,080
section
967
00:40:28,289 --> 00:40:32,309
of price action, okay, it's very easily
968
00:40:32,459 --> 00:40:35,579
studied with a 60 minute time frame. If
969
00:40:35,579 --> 00:40:37,589
not a 60 minute a 15 minute is
970
00:40:37,620 --> 00:40:38,430
is is
971
00:40:38,490 --> 00:40:41,220
good ending, but for now sticking to the
972
00:40:41,220 --> 00:40:43,290
three hard timeframe. If you look at
973
00:40:43,290 --> 00:40:44,400
your weekly basis,
974
00:40:44,730 --> 00:40:46,020
overall perspective rather
975
00:40:46,470 --> 00:40:47,610
than price action, in other words,
976
00:40:47,820 --> 00:40:50,580
looking at two to three weeks worth of
977
00:40:50,580 --> 00:40:51,000
data,
978
00:40:51,749 --> 00:40:52,949
one on one hour chart
979
00:40:53,220 --> 00:40:55,290
is is ideal gives you a good vantage
980
00:40:55,290 --> 00:40:55,800
point for
981
00:40:55,860 --> 00:40:58,230
understanding where prices are swinging
982
00:40:58,620 --> 00:41:01,410
and retracing back into to LA can find
983
00:41:01,680 --> 00:41:06,090
what range you're trading within. Look
984
00:41:06,090 --> 00:41:08,040
for logical levels where retail traders
985
00:41:08,040 --> 00:41:09,690
and funds would possibly have their
986
00:41:09,690 --> 00:41:13,170
stops resting near, again, looking for
987
00:41:13,410 --> 00:41:15,840
possible liquidity pools before the next
988
00:41:15,840 --> 00:41:17,730
significant price advancement or
989
00:41:17,730 --> 00:41:21,600
decline. Use market structure concepts
990
00:41:21,630 --> 00:41:23,760
and fibs to stock possible confluences
991
00:41:23,760 --> 00:41:24,300
where setups
992
00:41:24,300 --> 00:41:24,930
will form.
993
00:41:25,800 --> 00:41:28,800
Again, you're down to your lower of the
994
00:41:28,800 --> 00:41:31,890
three higher timeframe perspectives. By
995
00:41:31,890 --> 00:41:34,440
utilizing your fibs on this particular
996
00:41:34,440 --> 00:41:35,100
price chart
997
00:41:36,030 --> 00:41:36,810
will give you
998
00:41:37,470 --> 00:41:41,370
a very dynamic risk to reward ratios
999
00:41:41,400 --> 00:41:43,050
Okay, your risk will be very low many
1000
00:41:43,050 --> 00:41:44,670
times ideally you want to be hunting
1001
00:41:45,630 --> 00:41:46,590
123
1002
00:41:46,710 --> 00:41:48,330
risk reward, okay, so don't want to give
1003
00:41:48,330 --> 00:41:50,280
me hoping to make it as much as three
1004
00:41:50,280 --> 00:41:53,970
times what you're risking. The day of
1005
00:41:53,970 --> 00:41:55,920
the week theory is a rough idea where
1006
00:41:55,920 --> 00:41:58,140
the weekly high or low is likely to form
1007
00:41:58,170 --> 00:42:01,860
so by implementing That idea with
1008
00:42:01,860 --> 00:42:04,140
studying the 60 minute chart with a two
1009
00:42:04,140 --> 00:42:07,230
to three week vantage point in terms of
1010
00:42:07,230 --> 00:42:08,790
how much data you have on your chart.
1011
00:42:09,570 --> 00:42:11,790
That'll give you a very good basis to
1012
00:42:11,790 --> 00:42:15,510
work within. If we are bullish and
1013
00:42:15,510 --> 00:42:18,780
hunting a weekly long setup, typically
1014
00:42:18,810 --> 00:42:22,020
Monday to Wednesday, typically the
1015
00:42:22,020 --> 00:42:23,790
weekly low is established.
1016
00:42:25,110 --> 00:42:26,970
If we are bearish and hunting a weekly
1017
00:42:27,000 --> 00:42:27,930
short setup
1018
00:42:27,990 --> 00:42:30,030
Monday to Wednesday, typically the
1019
00:42:30,030 --> 00:42:34,020
weekly high is established. We are not
1020
00:42:34,230 --> 00:42:36,630
looking to trade every day. We're
1021
00:42:36,630 --> 00:42:38,970
looking for one solid setup per week,
1022
00:42:39,240 --> 00:42:41,520
consistently. That should be your goal.
1023
00:42:42,300 --> 00:42:47,310
You can trade intraday day trades in the
1024
00:42:47,310 --> 00:42:49,050
same directional premise that we've
1025
00:42:49,050 --> 00:42:52,230
arrived at on a daily and four hour. Do
1026
00:42:52,230 --> 00:42:55,020
not use the 60 minute without at least
1027
00:42:55,020 --> 00:42:56,940
referring to the four hour and ideally
1028
00:42:56,940 --> 00:43:00,480
with the daily as well. Okay. But if You
1029
00:43:00,480 --> 00:43:03,300
are a day trader and you're using this
1030
00:43:03,330 --> 00:43:06,930
course of understanding and price action
1031
00:43:07,140 --> 00:43:09,540
as your beginning point or foundational
1032
00:43:09,540 --> 00:43:11,820
study and you simply want to be a day
1033
00:43:11,820 --> 00:43:14,250
trader and aren't limiting yourself to
1034
00:43:14,250 --> 00:43:16,410
just taking one setup per week. If
1035
00:43:16,410 --> 00:43:18,240
you're trading in the directional
1036
00:43:18,240 --> 00:43:20,190
premise that's arrived at by using these
1037
00:43:20,190 --> 00:43:20,790
concepts
1038
00:43:21,540 --> 00:43:23,640
you can still do you
1039
00:43:24,780 --> 00:43:27,000
day trading but still focusing on that
1040
00:43:27,000 --> 00:43:28,890
one side of the marketplace either being
1041
00:43:28,890 --> 00:43:31,260
a buyer or seller based on daily and
1042
00:43:31,260 --> 00:43:36,180
four hour all daily and four hour and 60
1043
00:43:36,180 --> 00:43:37,980
minute analysis is carried over to the
1044
00:43:37,980 --> 00:43:40,920
15th and or five minute timeframes.
1045
00:43:47,610 --> 00:43:49,350
Okay what analysis and processes used to
1046
00:43:49,350 --> 00:43:52,110
study of the 15 and five minute chart
1047
00:43:53,550 --> 00:43:55,440
Okay, this is the execution view on
1048
00:43:55,440 --> 00:43:58,470
large funds and or order flows and the
1049
00:43:58,470 --> 00:44:01,470
ICT, 15 or 15 I'm sorry 15 or five
1050
00:44:01,470 --> 00:44:02,130
minute chart,
1051
00:44:02,400 --> 00:44:03,570
timeframe checklist.
1052
00:44:04,589 --> 00:44:05,939
The Daily four hour and 60 minute
1053
00:44:05,939 --> 00:44:08,369
perspective is maintained even while
1054
00:44:08,369 --> 00:44:10,379
studying price action on the lower
1055
00:44:10,379 --> 00:44:12,359
timeframe 15 or five minute charts
1056
00:44:14,099 --> 00:44:16,319
have the days separated with vertical
1057
00:44:16,320 --> 00:44:18,720
lines to highlight possible day of the
1058
00:44:18,720 --> 00:44:21,270
week theory. Again, if we're looking for
1059
00:44:21,270 --> 00:44:23,040
the weekly, higher low to form, it's
1060
00:44:23,040 --> 00:44:24,180
going to generally happen between
1061
00:44:24,180 --> 00:44:26,940
Monday, Tuesday or Wednesday. And
1062
00:44:27,540 --> 00:44:29,520
there's more detail as to when it's more
1063
00:44:29,520 --> 00:44:31,620
specifically expected to happen in the
1064
00:44:31,620 --> 00:44:33,480
video series if you go through the
1065
00:44:33,480 --> 00:44:36,420
material. But for now, we can generalize
1066
00:44:36,420 --> 00:44:38,280
it by saying Monday to Wednesday, the
1067
00:44:38,280 --> 00:44:39,600
weekly higher low is formed so
1068
00:44:39,600 --> 00:44:41,190
that way you can trade the rest of the
1069
00:44:41,190 --> 00:44:42,300
week in that
1070
00:44:43,350 --> 00:44:44,490
directional bias.
1071
00:44:46,050 --> 00:44:49,440
Note the Asian range high and low each
1072
00:44:49,440 --> 00:44:53,940
day. Five GMT is the end of the Asian
1073
00:44:53,940 --> 00:44:56,460
range parameter. So what happens after
1074
00:44:56,640 --> 00:44:58,890
five GMT, which is essentially 12
1075
00:44:58,920 --> 00:45:01,410
midnight New York time My time, that's
1076
00:45:01,440 --> 00:45:03,900
where I classify the new day. Now one
1077
00:45:03,900 --> 00:45:05,250
could argue again, like I mentioned in
1078
00:45:05,250 --> 00:45:07,770
the video course, that the new day
1079
00:45:07,770 --> 00:45:10,830
starts in Wellington. And I'll leave
1080
00:45:10,830 --> 00:45:13,920
that up to you to decide but for now, if
1081
00:45:13,920 --> 00:45:15,570
you want to look at the market the way
1082
00:45:15,570 --> 00:45:17,190
I'm looking at the market,
1083
00:45:17,460 --> 00:45:20,250
I considered midnight the new day. And
1084
00:45:20,520 --> 00:45:23,280
what happens after that price point is
1085
00:45:23,280 --> 00:45:26,820
many times more valuable in terms of
1086
00:45:27,120 --> 00:45:31,530
what takes place prior to that. Look for
1087
00:45:31,530 --> 00:45:34,800
the daily highs to form in cell models
1088
00:45:34,980 --> 00:45:38,040
between seven GMT and 10 GMT. This is
1089
00:45:38,040 --> 00:45:40,350
typically the London session London
1090
00:45:40,350 --> 00:45:42,180
invariably has a high probable
1091
00:45:42,660 --> 00:45:45,330
likelihood if you will, of forming the
1092
00:45:45,330 --> 00:45:49,350
daily candles high or low. Okay, and if
1093
00:45:49,350 --> 00:45:52,290
we formulated the trading bias to be
1094
00:45:53,100 --> 00:45:55,560
bearish, okay, we could be hunting the
1095
00:45:55,560 --> 00:45:58,380
daily candles high to form between a
1096
00:45:58,380 --> 00:46:00,690
specific time window and generally Seven
1097
00:46:00,990 --> 00:46:06,390
GMT 210 GMT or the London session and
1098
00:46:06,390 --> 00:46:08,550
conversely if you look at the daily
1099
00:46:08,580 --> 00:46:11,910
lows, you could find them forming in bi
1100
00:46:11,910 --> 00:46:17,070
models between seven GMT and 10 GMT. Now
1101
00:46:17,070 --> 00:46:19,620
typically the daily high or low is
1102
00:46:19,620 --> 00:46:22,050
formed when a sharp counter trend
1103
00:46:22,530 --> 00:46:24,990
direction on that day and onwards it's
1104
00:46:24,990 --> 00:46:27,990
the Judas swing. It's a false move
1105
00:46:27,990 --> 00:46:30,360
initially to fake everyone out and then
1106
00:46:30,900 --> 00:46:32,970
quickly rejects and goes the other way.
1107
00:46:35,160 --> 00:46:36,960
Okay, we stock the setups
1108
00:46:37,320 --> 00:46:39,090
by combining time and price theory
1109
00:46:39,210 --> 00:46:43,410
we hunt inside time windows and within
1110
00:46:43,770 --> 00:46:46,560
large order blocks found on the 60
1111
00:46:46,560 --> 00:46:49,290
minute, four hour and daily timeframes
1112
00:46:51,090 --> 00:46:52,620
opposite daily high or
1113
00:46:52,620 --> 00:46:57,180
low is formed inside the 15 GMT 216 GMT
1114
00:46:57,180 --> 00:46:59,610
hours, London clothes, what am i mean by
1115
00:46:59,610 --> 00:47:02,250
that? means that if the highest formed
1116
00:47:02,430 --> 00:47:03,060
in London,
1117
00:47:03,660 --> 00:47:06,090
the low on the candle for that day is
1118
00:47:06,090 --> 00:47:08,940
generally made during the 1500 GMT to
1119
00:47:08,940 --> 00:47:11,220
1600 GMT, if the
1120
00:47:13,500 --> 00:47:16,470
the reverse is made in London,
1121
00:47:16,650 --> 00:47:17,970
okay, the opposite
1122
00:47:18,750 --> 00:47:20,310
spectrum of the daily candle
1123
00:47:20,700 --> 00:47:23,220
range high or low is formed obviously,
1124
00:47:23,370 --> 00:47:25,650
during London close so I guess one could
1125
00:47:25,680 --> 00:47:27,750
easily say that the higher lows formed
1126
00:47:27,750 --> 00:47:30,420
in London open and during London close
1127
00:47:30,540 --> 00:47:31,410
the higher lows
1128
00:47:31,650 --> 00:47:33,540
formed. Conversely
1129
00:47:41,160 --> 00:47:43,320
when timing price theory overlap trading
1130
00:47:43,320 --> 00:47:45,240
patterns will form and that could be in
1131
00:47:45,240 --> 00:47:46,560
the form of an optimal trade entry,
1132
00:47:47,340 --> 00:47:50,070
harmonic pattern trading patterns and
1133
00:47:50,070 --> 00:47:52,860
even simple divergence. Okay, so having
1134
00:47:52,860 --> 00:47:54,870
this on this understanding will
1135
00:47:54,870 --> 00:47:56,850
facilitate a whole nother level of
1136
00:47:56,850 --> 00:47:58,560
trading for you and that way you can
1137
00:47:58,590 --> 00:48:01,320
identify very, very high probability low
1138
00:48:01,320 --> 00:48:04,920
risk trade scenarios where price action
1139
00:48:04,920 --> 00:48:07,770
alone, as the catalyst is already
1140
00:48:07,770 --> 00:48:09,630
predisposed to move in that direction.
1141
00:48:11,370 --> 00:48:13,110
Use fibs and swing projections to
1142
00:48:13,110 --> 00:48:15,600
determine possible price objectives to
1143
00:48:15,600 --> 00:48:20,190
form risk reward ratios. Use fibs to
1144
00:48:20,190 --> 00:48:22,260
fine tune entry points inside order
1145
00:48:22,260 --> 00:48:25,470
blocks with London and New York. ICT
1146
00:48:25,470 --> 00:48:28,290
kill zones. If the London setup is
1147
00:48:28,290 --> 00:48:30,000
missed, or you were incorrect and
1148
00:48:30,000 --> 00:48:33,300
stopped out, you can use 12 GMT, the 14
1149
00:48:33,300 --> 00:48:37,110
GMT D New York open session. Now most of
1150
00:48:37,110 --> 00:48:39,450
the time New York open is a continuation
1151
00:48:39,450 --> 00:48:41,370
setup on the heels of what London's
1152
00:48:41,370 --> 00:48:44,190
action already placed in. So in other
1153
00:48:44,190 --> 00:48:46,920
words, if London posted the daily high
1154
00:48:46,920 --> 00:48:49,200
and it's been going lower, many times
1155
00:48:49,230 --> 00:48:51,510
the New York open session will be a
1156
00:48:51,510 --> 00:48:53,670
retracement within the range formed for
1157
00:48:53,670 --> 00:48:56,190
the daily candle at that point from the
1158
00:48:56,220 --> 00:48:59,280
high made in London to now continuation
1159
00:48:59,280 --> 00:49:02,010
going into the light close to completing
1160
00:49:02,010 --> 00:49:05,100
the daily candles, price action. Now
1161
00:49:05,100 --> 00:49:06,750
you'll want to avoid the New York open
1162
00:49:06,750 --> 00:49:09,510
setups. If daily swings are maturing
1163
00:49:09,510 --> 00:49:12,690
into key support resistance, New York
1164
00:49:12,690 --> 00:49:19,920
open could produce reversals. All Trades
1165
00:49:19,920 --> 00:49:22,410
should be limited to 1% risk of total
1166
00:49:22,410 --> 00:49:24,690
account balance ideally while learning
1167
00:49:24,900 --> 00:49:27,510
point two five and always one quarter of
1168
00:49:27,510 --> 00:49:31,920
1% to one half of 1% risk should be the
1169
00:49:31,920 --> 00:49:35,400
beginning traders parameters for maximum
1170
00:49:35,400 --> 00:49:35,850
risk
1171
00:49:35,910 --> 00:49:36,600
exposure.
1172
00:49:36,990 --> 00:49:38,460
And as you get more consistent,
1173
00:49:38,490 --> 00:49:41,430
obviously you can move towards 1% risk.
1174
00:49:42,420 --> 00:49:44,130
But I would certainly advise you not to
1175
00:49:44,130 --> 00:49:47,370
go above 2% even though it's commonly
1176
00:49:47,370 --> 00:49:49,830
driven down our throats that 2% is the
1177
00:49:49,830 --> 00:49:52,380
industry standard. Most professionals do
1178
00:49:52,380 --> 00:49:57,840
not trade with 2% if a loss is taken,
1179
00:49:57,840 --> 00:50:00,990
reduce risk and leverage Until the loss
1180
00:50:00,990 --> 00:50:03,720
is recouped. It's slow and steady.
1181
00:50:03,720 --> 00:50:06,120
That's what wins the race. Okay, so even
1182
00:50:06,120 --> 00:50:07,470
though one could argue it's going to
1183
00:50:07,470 --> 00:50:09,570
take you longer to recoup the loss if
1184
00:50:09,570 --> 00:50:12,060
you have less risk exposure, but I'm
1185
00:50:12,060 --> 00:50:14,460
going to counsel you to go back to how
1186
00:50:14,460 --> 00:50:15,840
we are looking at trades. If we're
1187
00:50:15,840 --> 00:50:17,640
looking for trades that have three to
1188
00:50:17,640 --> 00:50:21,090
one payout numbers, making as many times
1189
00:50:21,090 --> 00:50:24,660
three or more times what we risk, it
1190
00:50:24,660 --> 00:50:26,910
doesn't take very long to recoup the
1191
00:50:26,910 --> 00:50:30,570
loss. Okay. So theoretically, one could
1192
00:50:30,570 --> 00:50:33,240
argue the, the thought process of that
1193
00:50:33,240 --> 00:50:34,860
it's going to take you longer, that
1194
00:50:34,860 --> 00:50:36,930
doesn't hold water, okay. And if you put
1195
00:50:36,930 --> 00:50:39,510
it to, if you put these concepts to
1196
00:50:39,510 --> 00:50:41,820
task, you'll see what I mean it's it's
1197
00:50:41,820 --> 00:50:45,270
so much more understood, obviously, by
1198
00:50:45,300 --> 00:50:46,950
applying it and seeing it in action even
1199
00:50:46,950 --> 00:50:48,960
in a demo account setting which is what
1200
00:50:48,960 --> 00:50:52,350
I advise you to do anyway. Do not rush
1201
00:50:52,350 --> 00:50:54,090
the patterns wait for the setups and the
1202
00:50:54,090 --> 00:50:56,280
time of day for the highest possible
1203
00:50:56,310 --> 00:51:00,990
odds. Do not feel rushed. You don't need
1204
00:51:00,990 --> 00:51:03,390
to rush simply because you have time
1205
00:51:03,390 --> 00:51:05,370
that be sitting in from computers does
1206
00:51:05,370 --> 00:51:07,200
not equate to profitable trading. So
1207
00:51:07,200 --> 00:51:08,460
it's really important to hammer that in
1208
00:51:08,460 --> 00:51:08,910
your head.
1209
00:51:11,070 --> 00:51:13,140
Focus on 16 minute reaction levels
1210
00:51:13,170 --> 00:51:16,470
for ideal risk reward ratios again, many
1211
00:51:16,470 --> 00:51:20,640
times 123 or better. In other words, you
1212
00:51:20,640 --> 00:51:24,300
want at least three times what you
1213
00:51:24,570 --> 00:51:26,940
hope to absorb as a
1214
00:51:26,970 --> 00:51:28,920
not hope to but if you're willing to
1215
00:51:28,920 --> 00:51:31,020
take a loss in other words, if you take
1216
00:51:31,020 --> 00:51:33,900
a loss of 20 pips, okay, you're looking
1217
00:51:33,900 --> 00:51:36,360
for ideal trades at least 60 pips or
1218
00:51:36,360 --> 00:51:39,000
more. Okay, so the setup that you're
1219
00:51:39,000 --> 00:51:41,460
trading to the parameters that outline
1220
00:51:41,460 --> 00:51:44,490
that trade idea, the risk is defined to
1221
00:51:44,490 --> 00:51:47,490
20 pips, ideally you want 60 pips or
1222
00:51:47,490 --> 00:51:49,800
more in terms of profit potential, okay.
1223
00:51:50,250 --> 00:51:52,710
So if you stay in that realm, you'll
1224
00:51:52,740 --> 00:51:55,230
you'll be very, very effective in terms
1225
00:51:55,260 --> 00:51:57,210
of long term trading.
1226
00:51:58,140 --> 00:51:59,910
You only need to be about 70%
1227
00:52:00,000 --> 00:52:00,630
have the time,
1228
00:52:02,040 --> 00:52:04,440
you know, to be wildly profitable,
1229
00:52:04,500 --> 00:52:06,630
wildly profitable. But if you trade with
1230
00:52:06,630 --> 00:52:09,900
three to one, you can be far less
1231
00:52:10,020 --> 00:52:12,000
accurate in terms of your trading and
1232
00:52:12,000 --> 00:52:13,860
still be profitable. And that's really,
1233
00:52:13,860 --> 00:52:15,270
really where you want to start as a
1234
00:52:15,270 --> 00:52:19,770
trader. If you have no foundation in the
1235
00:52:19,770 --> 00:52:21,960
daily or four hour timeframes, you have
1236
00:52:21,960 --> 00:52:24,120
absolutely zero reason to be at this
1237
00:52:24,120 --> 00:52:26,700
late stage of analysis. Don't even look
1238
00:52:26,700 --> 00:52:28,320
at a 15 minute timeframe. Don't look at
1239
00:52:28,320 --> 00:52:29,400
a five minute chart because what you're
1240
00:52:29,400 --> 00:52:30,360
going to do is you're going to talk
1241
00:52:30,360 --> 00:52:32,370
yourself into a trade that may or may
1242
00:52:32,370 --> 00:52:34,950
not have its foundation or premise built
1243
00:52:34,950 --> 00:52:36,360
upon the higher time frame daily and
1244
00:52:36,360 --> 00:52:38,370
four hour and one hour charts.
1245
00:52:40,560 --> 00:52:43,020
Stay patient and stay focused results
1246
00:52:43,020 --> 00:52:45,120
will manifest and absolutely surprise
1247
00:52:45,120 --> 00:52:46,350
you. Now,
1248
00:52:47,850 --> 00:52:49,230
hopefully this course has been
1249
00:52:49,290 --> 00:52:52,320
insightful to you. And it's been crammed
1250
00:52:52,320 --> 00:52:55,050
with a lot of price action analysis
1251
00:52:55,050 --> 00:52:57,540
concepts that are unique to me. But
1252
00:52:58,170 --> 00:53:01,260
there are many In the world of
1253
00:53:03,030 --> 00:53:05,760
naysayers, okay to have watched some of
1254
00:53:05,760 --> 00:53:07,410
my material or if not all of my material
1255
00:53:07,440 --> 00:53:09,450
and walked away thinking, well, he has
1256
00:53:09,450 --> 00:53:12,390
too many moving parts, okay? And there's
1257
00:53:12,390 --> 00:53:15,540
too many things for his concepts to be
1258
00:53:15,540 --> 00:53:17,790
applicable. And again, I'm revisiting
1259
00:53:17,790 --> 00:53:20,070
that because I want to close with the
1260
00:53:20,130 --> 00:53:24,120
premise in mind that think about the
1261
00:53:24,330 --> 00:53:28,170
concept of riding a bike. Okay? When
1262
00:53:28,170 --> 00:53:29,880
you're a child, you want someone maybe
1263
00:53:29,880 --> 00:53:31,050
it was your older brother or sister
1264
00:53:31,050 --> 00:53:33,660
riding the bicycle. Okay, you aspired to
1265
00:53:33,660 --> 00:53:35,610
do that very thing. And perhaps that
1266
00:53:35,610 --> 00:53:37,230
person that you were trying to ride
1267
00:53:37,350 --> 00:53:39,420
like, Okay was able to do a wheelie No,
1268
00:53:39,420 --> 00:53:41,280
or take a ride on his rear rear wheel.
1269
00:53:41,610 --> 00:53:42,450
Okay, or
1270
00:53:42,540 --> 00:53:44,070
when I was growing up, we were
1271
00:53:45,090 --> 00:53:48,240
like two years of BMX bicycling and
1272
00:53:48,630 --> 00:53:52,650
trick, trick riding, where you could sit
1273
00:53:52,650 --> 00:53:54,150
on the handlebars and ride backwards on
1274
00:53:54,150 --> 00:53:57,570
a bike and that's advanced level riding.
1275
00:53:57,900 --> 00:54:02,280
Okay. You can't Do the things that those
1276
00:54:02,280 --> 00:54:07,140
types of riders, okay, perform until you
1277
00:54:07,140 --> 00:54:09,690
get past the training wheels. But before
1278
00:54:09,690 --> 00:54:10,770
you even get to the training wheels, you
1279
00:54:10,770 --> 00:54:12,480
got to be able to get on the bike and
1280
00:54:12,480 --> 00:54:15,600
mount yourself and stay on it before you
1281
00:54:15,600 --> 00:54:17,640
can even start pedaling. There's stages
1282
00:54:17,640 --> 00:54:20,970
of development. Okay? Now obviously, if
1283
00:54:20,970 --> 00:54:22,710
you were to break down each component
1284
00:54:22,710 --> 00:54:27,090
from the grandest scale of being
1285
00:54:27,180 --> 00:54:29,700
proficient at riding a bicycle, to the
1286
00:54:29,700 --> 00:54:31,620
minute detail of simply beginning the
1287
00:54:31,620 --> 00:54:33,870
origin of aspiring to one of the
1288
00:54:33,870 --> 00:54:34,410
bicycle,
1289
00:54:34,560 --> 00:54:36,870
okay, anything and everything could be
1290
00:54:36,870 --> 00:54:41,640
made very daunting with a measurable
1291
00:54:41,790 --> 00:54:46,200
level of explanation. But this in terms
1292
00:54:46,200 --> 00:54:49,230
of trading and speculation is so
1293
00:54:49,470 --> 00:54:51,870
dangerous to a trader with no real
1294
00:54:51,870 --> 00:54:54,450
understanding. It's important that you
1295
00:54:54,450 --> 00:54:56,550
have as much understanding general
1296
00:54:56,550 --> 00:54:59,850
knowledge before you put your money at
1297
00:54:59,850 --> 00:55:03,030
risk. risk, okay. And I think if you
1298
00:55:03,510 --> 00:55:05,670
studied this information, and you had
1299
00:55:05,670 --> 00:55:07,230
traded prior to understanding these
1300
00:55:07,230 --> 00:55:09,090
things, you would feel a little foolish
1301
00:55:09,090 --> 00:55:11,790
on your part that you, you're probably
1302
00:55:11,790 --> 00:55:13,650
questioning why you were trading before
1303
00:55:13,650 --> 00:55:15,180
you understood these types of things.
1304
00:55:16,199 --> 00:55:18,119
And that's good to to identify that.
1305
00:55:18,600 --> 00:55:21,840
But my main point here is, while it
1306
00:55:21,840 --> 00:55:25,380
takes a large amount of time and effort
1307
00:55:25,440 --> 00:55:28,080
on my part and yours, to discern the
1308
00:55:28,080 --> 00:55:31,050
general approach and concept and core
1309
00:55:31,050 --> 00:55:34,770
tenants to how I view and analysis, the
1310
00:55:35,490 --> 00:55:38,490
overall summary of these things, okay,
1311
00:55:38,760 --> 00:55:40,830
are very condensed, and even this
1312
00:55:40,830 --> 00:55:43,080
summary here, once you understand
1313
00:55:43,080 --> 00:55:45,780
specifically what it is, it's expected
1314
00:55:45,780 --> 00:55:46,320
of you,
1315
00:55:46,979 --> 00:55:47,729
as a trader,
1316
00:55:48,630 --> 00:55:50,340
you could take this entire summary and
1317
00:55:50,340 --> 00:55:53,670
place it in a form of simple text that
1318
00:55:53,670 --> 00:55:55,200
will fit on a business card.
1319
00:55:55,800 --> 00:55:57,210
Okay. Basically,
1320
00:55:57,990 --> 00:56:01,020
this is a summarized You have what it is
1321
00:56:01,020 --> 00:56:02,070
you should have gleaned
1322
00:56:02,220 --> 00:56:04,440
from this course. But ultimately it's
1323
00:56:04,440 --> 00:56:04,890
this.
1324
00:56:06,150 --> 00:56:07,770
If the daily chart suggests it's going
1325
00:56:07,770 --> 00:56:09,870
to go up, and the four hour is in
1326
00:56:09,870 --> 00:56:12,090
agreement that it's going to go up, use
1327
00:56:12,090 --> 00:56:15,330
the one hour chart to set up a timeframe
1328
00:56:16,470 --> 00:56:18,630
setup that allows at least three to one
1329
00:56:18,660 --> 00:56:19,410
risk reward.
1330
00:56:19,740 --> 00:56:20,130
Okay,
1331
00:56:20,550 --> 00:56:22,410
so to summarize that would be simply
1332
00:56:22,410 --> 00:56:22,740
this,
1333
00:56:23,040 --> 00:56:24,270
look at an hourly chart.
1334
00:56:25,830 --> 00:56:28,320
By when the daily and four hour suggests
1335
00:56:28,620 --> 00:56:31,500
it's likely to go higher. Use your fibs
1336
00:56:31,500 --> 00:56:36,090
for optimal trade entry pattern where it
1337
00:56:36,090 --> 00:56:38,310
overlaps with an order block, use a
1338
00:56:38,310 --> 00:56:40,440
previous high as your first objective to
1339
00:56:40,500 --> 00:56:43,110
exit with profit and then use Fibonacci
1340
00:56:43,110 --> 00:56:45,150
extensions to take your additional
1341
00:56:45,390 --> 00:56:49,080
profits look to be buying on a Monday
1342
00:56:49,080 --> 00:56:51,390
Tuesday or Wednesday when it's bullish.
1343
00:56:51,690 --> 00:56:55,410
Okay. And diverse reverses said for
1344
00:56:55,410 --> 00:56:59,100
sells. You time your entries during
1345
00:56:59,100 --> 00:57:03,300
London in New York. Risk only 1% or one
1346
00:57:03,300 --> 00:57:04,800
quarter percent or one half percent
1347
00:57:04,800 --> 00:57:07,590
based on your understanding towards
1348
00:57:07,590 --> 00:57:09,240
either. If you're brand new at this,
1349
00:57:09,390 --> 00:57:12,120
it's one quarter of 1%. Even in a demo
1350
00:57:12,120 --> 00:57:13,410
account, don't think just because it's
1351
00:57:13,410 --> 00:57:15,060
not real money, you know, you're not
1352
00:57:15,060 --> 00:57:16,350
going to, you know, learn anything,
1353
00:57:16,350 --> 00:57:18,990
you're gonna learn a whole lot, or as
1354
00:57:18,990 --> 00:57:21,720
much as half of 1%. But certainly no
1355
00:57:21,720 --> 00:57:23,400
more than 1% because it's important to
1356
00:57:23,430 --> 00:57:26,580
develop the idea of growing your money
1357
00:57:26,580 --> 00:57:28,800
steadily, but not exponentially quick.
1358
00:57:29,010 --> 00:57:31,350
Okay? That can come at a later time when
1359
00:57:31,350 --> 00:57:33,510
you understand a lot more about yourself
1360
00:57:33,510 --> 00:57:36,270
as a trader, not in the beginning. Okay?
1361
00:57:36,690 --> 00:57:38,820
So simply having the understanding of
1362
00:57:38,820 --> 00:57:40,050
all the things that we've talked about
1363
00:57:40,050 --> 00:57:42,900
in here, okay, incorporating that into a
1364
00:57:42,900 --> 00:57:45,900
process. By doing that systematically
1365
00:57:45,900 --> 00:57:47,340
over and over and over again, it will
1366
00:57:47,340 --> 00:57:50,520
become ingrained in your memory. It'll
1367
00:57:50,520 --> 00:57:53,820
be a process of simply just doing it and
1368
00:57:53,820 --> 00:57:57,390
not thinking about it. But collectively,
1369
00:57:57,420 --> 00:57:59,100
if you understand everything that was
1370
00:57:59,100 --> 00:58:02,130
talked about Conceptually broken down
1371
00:58:02,640 --> 00:58:04,620
the understanding of actually doing the
1372
00:58:04,620 --> 00:58:07,200
very things, the procedure can be really
1373
00:58:07,200 --> 00:58:10,980
condensed to a business card, amount of
1374
00:58:10,980 --> 00:58:13,350
space in terms of identifying. But if
1375
00:58:13,350 --> 00:58:15,180
you were to take that business card and
1376
00:58:15,180 --> 00:58:17,130
hand it to someone that has no
1377
00:58:17,130 --> 00:58:18,450
understanding or general understanding
1378
00:58:18,450 --> 00:58:21,150
of how the markets operate, that
1379
00:58:21,210 --> 00:58:23,400
business card is the same thing I said,
1380
00:58:23,430 --> 00:58:26,160
when I initially came out on baby pips,
1381
00:58:26,610 --> 00:58:27,690
and said that I could put this
1382
00:58:27,690 --> 00:58:29,910
information on the front of USA Today,
1383
00:58:29,910 --> 00:58:32,610
and it would go largely ignored, because
1384
00:58:32,610 --> 00:58:33,930
it would go right over everyone's head.
1385
00:58:34,620 --> 00:58:36,300
So that's why I forced you number one
1386
00:58:36,300 --> 00:58:39,450
with six months of study time. I forced
1387
00:58:39,450 --> 00:58:43,200
you to have exercises modularly. And now
1388
00:58:43,230 --> 00:58:45,120
with this, even though if someone's just
1389
00:58:45,120 --> 00:58:46,440
looking at this video module, they're
1390
00:58:46,440 --> 00:58:47,790
thinking this is ridiculous, this is
1391
00:58:47,790 --> 00:58:50,100
useless. That's precisely my point.
1392
00:58:50,370 --> 00:58:51,930
You got to go back through the videos,
1393
00:58:52,199 --> 00:58:54,179
take those pieces of information to
1394
00:58:54,209 --> 00:58:56,369
arrive at this summary. And when you
1395
00:58:56,369 --> 00:58:58,229
formulate it in this form here, when you
1396
00:58:58,229 --> 00:58:59,999
understand each component, you have
1397
00:58:59,999 --> 00:59:02,639
Absolutely the ICT million dollar
1398
00:59:02,639 --> 00:59:05,009
trading plan. And with that, guys, I
1399
00:59:05,009 --> 00:59:05,849
wish you good luck
1400
00:59:06,270 --> 00:59:07,050
and good trading