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Last modified by Drunk Monkey on 2021-06-11 13:24
From version 1.1
edited by Drunk Monkey
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To version 2.1
edited by Drunk Monkey
on 2021-06-11 13:24
Change comment: There is no comment for this version

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1 -1
2 -00:04:57,360 ~-~-> 00:04:58,650
3 -ICT: Okay folks, welcome back
1 +(% class="hover min" %)
2 +|1 |00:04:57,360 ~-~-> 00:04:58,650 |ICT: Okay folks, welcome back
3 +|2 |00:05:07,440 ~-~-> 00:05:17,130 |I saw you know that it's not on payroll week. So this Friday, we have non farm payroll coming out. And typically what will happen is, is on Mondays and
4 +|3 |00:05:17,130 ~-~-> 00:05:27,720 |Tuesdays are the best trading days. And Wednesday, Thursday and Friday tend to be a little bit iffy. In my experience, I've learned that it's better for me to
5 +|4 |00:05:27,720 ~-~-> 00:05:36,480 |be at least active at the beginning of the week, and then come on jets. As we closer to Wednesday's, New York open.
6 +|5 |00:05:39,090 ~-~-> 00:05:49,920 |I don't want to promote the idea that you can't take any trades, obviously, because it's just my personal opinion, it's my own personal approach to
7 +|6 |00:05:49,920 ~-~-> 00:06:02,430 |analysis. I don't want to sway anyone's opinions or, you know, because in the past, I said, you shouldn't trade on Mondays. And a few of you have taken that
8 +|7 |00:06:02,430 ~-~-> 00:06:11,040 |as the gospel and the hardline that and said, You know, I thought it's not profitable to trade on Mondays and show on social media where a Monday's trade
9 +|8 |00:06:11,040 ~-~-> 00:06:20,790 |is profitable. Again, I'm not trying to encourage that type of reaction from other people to SEO folks that aren't really interested in what I'm sharing. I'm
10 +|9 |00:06:20,790 ~-~-> 00:06:32,550 |just giving you my personal interpretation of price action. I'm not right all the time. And when I am right, I can justify why I was correct. When I'm wrong,
11 +|10 |00:06:32,580 ~-~-> 00:06:42,330 |I can also find out why relatively quickly, what went wrong. But that's the distinction between myself and most retail traders, retail traders don't have a
12 +|11 |00:06:42,330 ~-~-> 00:06:51,000 |clue what they're looking for. And when they're right or wrong, they really don't know how to attribute to us specifics or details. And you need to have the
13 +|12 |00:06:51,000 ~-~-> 00:07:01,950 |details. Okay, but we don't need details to the degree of precision, even though I kind of promote that idea in my analysis, you don't necessarily need it. And
14 +|13 |00:07:01,950 ~-~-> 00:07:11,040 |when we talk about optimal trade entry, it's a pattern that is very versatile. And you don't have to have yourself chained in front of the charts all the time.
15 +|14 |00:07:12,030 ~-~-> 00:07:23,880 |But you do have to know where the market's most likely reaching for. Okay, so I'm going to give you a little bit of a, a treatise on that. So looking at the
16 +|15 |00:07:23,880 ~-~-> 00:07:35,310 |cable last night, Okay, I'm gonna put the date dividers in here you can see. And here's the being a new day, Asia, in the market was dilly dallying around in a
17 +|16 |00:07:35,310 ~-~-> 00:07:45,690 |small little tight consolidation. Now, my personal expectation was we would see higher dollar. So therefore, if the dollar is being pressed higher, that's going
18 +|17 |00:07:45,690 ~-~-> 00:07:52,170 |to suppress foreign currencies or make them more likely to go lower, doesn't mean all foreign currencies are going to go lower.
19 +|18 |00:07:58,080 ~-~-> 00:08:05,520 |It doesn't mean all foreign currencies are going to go lower, but they predominantly should go lower if the dollar is bullish. So what I was looking at
20 +|19 |00:08:05,550 ~-~-> 00:08:17,130 |is the tendency for cable to want to drop lower, clear out some liquidity and reach for lower prices that hadn't been seen for a while. And I'll outline that
21 +|20 |00:08:17,130 ~-~-> 00:08:27,570 |in a second. But for now, I kinda want to give you the same question. I started the video off with the screen capture of the agent session last night, during
22 +|21 |00:08:27,570 ~-~-> 00:08:38,160 |this smaller consolidation after these equal lows in here had been violated, okay, rated it and went back into the middle range. I want you to look at this.
23 +|22 |00:08:42,780 ~-~-> 00:09:00,360 |Okay, we all blow here. The markets traded essentially, around this level, above or below back to it hanging around resistance resistance. So I've used that as a
24 +|23 |00:09:00,360 ~-~-> 00:09:12,300 |point of equilibrium. Okay, and since I'm bearish, or was bearish last night, I wanted to be a participant of this move. But truth be told, there's a lot of
25 +|24 |00:09:12,300 ~-~-> 00:09:20,340 |personal things going on my life. And I'm exhausted, I'm tired. So I didn't want to get up at London. I didn't want to get up at midnight, the check anything,
26 +|25 |00:09:20,400 ~-~-> 00:09:33,480 |but I wanted to participate. So what I did was I went short rate, the market rate equilibrium. The expectation is that we would see this big dramatic move
27 +|26 |00:09:33,480 ~-~-> 00:09:42,390 |right here. Think about sniper series. If you haven't seen that yet, you will be able to see it. This month, I'm bringing it back on my website. And here's
28 +|27 |00:09:42,390 ~-~-> 00:09:53,550 |optimal trade entry. Okay, using the bodies of the candles as referred to in the OTC primer, it's on YouTube with the mindset video. Optimal trade entry right in
29 +|28 |00:09:53,550 ~-~-> 00:10:06,000 |here 62% retracement level 70.5 and 79% Okay. There might specific levels how it's set up, and I'll teach you exactly how to put that in your fib or mt four
30 +|29 |00:10:06,000 ~-~-> 00:10:17,280 |or whatever platform you're using. So my expectation is, is I knew I wanted to be short. And I knew that the likelihood of upside would should be relatively
31 +|30 |00:10:17,280 ~-~-> 00:10:32,610 |limited. And I focused on the approach of my concept of power three. Okay, and what that is, is, my expectation was to see, this is not the scale, folks. So
32 +|31 |00:10:32,610 ~-~-> 00:10:45,060 |just so you guys know, I was looking for this formation on the daily, okay, so let's think of this as a daily candle or a daily bar. And the open is right in
33 +|32 |00:10:45,060 ~-~-> 00:10:56,250 |here. Here's the opening price. And I wanted to see it rally up, but I didn't want to mess around with missing the move. And I didn't want to worry about
34 +|33 |00:10:56,250 ~-~-> 00:11:03,240 |whether or not I'm going to get in it or not, or Miss, you know, miss a real good entry, I don't really care about a real good entry, if I know, the
35 +|34 |00:11:03,240 ~-~-> 00:11:14,940 |likelihood is it's going lower. So I want to get in around that opening price. Or if not higher, if I'm going to be shorting so is this ICT power three, um,
36 +|35 |00:11:15,090 ~-~-> 00:11:25,770 |got a video teaches that but the, the opening or above it is where I want to be selling short on bearish days. And I want to capture new lines portion of this
37 +|36 |00:11:25,770 ~-~-> 00:11:36,690 |move here. I don't care about getting the low, I got tools and techniques that might give me the idea where this price may be. But I don't care to actually
38 +|37 |00:11:36,690 ~-~-> 00:11:46,170 |happen as my exit, I do want to exit somewhere below the midpoint of the expected down range. Okay, so in other words, whatever I think the total daily
39 +|38 |00:11:46,170 ~-~-> 00:11:55,680 |ranges, my objective is, is I really want to be at 50% or below that for my exits. That's my, my personal model, I want to be doing that type of thing. And
40 +|39 |00:11:55,680 ~-~-> 00:12:03,300 |then I'll leave some pieces on the see if I can get these types of prices down here. But mostly, I'm not always getting it. So to be honest, that's really what
41 +|40 |00:12:03,300 ~-~-> 00:12:12,990 |it is, and 600. And some of you seen that day by day where if I am right, I'm not always holding that last piece of the pie. I could care less about being
42 +|41 |00:12:13,320 ~-~-> 00:12:21,450 |accurate. Besides my portion is so small, it's insignificant at that point. The premise is you want to be profitable, not perfect, because perfect is
43 +|42 |00:12:21,450 ~-~-> 00:12:30,000 |unrealistic. And you'll never get that. But profitable is realistic, and it can be obtained. And that's all I'm trying to promote the ideal. And now, I can't
44 +|43 |00:12:30,000 ~-~-> 00:12:37,950 |promise you profitability, and I can't promise you what I'm teaching is going to give you profits. But over time, you'll learn what approached it using the
45 +|44 |00:12:37,950 ~-~-> 00:12:51,330 |optimal trade entry, you'll like to have, okay, so let's go back to this, I want to be short, above the opening price, which is here. And being short, I wanted
46 +|45 |00:12:51,330 ~-~-> 00:12:59,130 |to know how much of a move this power three high would be. So if we look at that in the scope of
47 +|46 |00:13:03,270 ~-~-> 00:13:21,420 |I thought that you guys would appreciate this. But this is a 30 PIP range. And I'm going to apply it to the opening price right there. Right there. Okay, so
48 +|47 |00:13:21,420 ~-~-> 00:13:33,690 |here's the opening price. 30 pips above that takes us above here, so my stop has to be above here, preferably up to this point here. So around 30 to 6130, to 62
49 +|48 |00:13:33,750 ~-~-> 00:13:42,720 |ish, something like that, that's where my stop has to be. So I can be a seller down here right during Asian range. Not give to Spitz about how how far it's
50 +|49 |00:13:42,720 ~-~-> 00:13:49,110 |going to go up if it's gonna be a dramatic spike up, or it's going to be a lethargic drag all the way up to that price point. But I don't want to be
51 +|50 |00:13:49,500 ~-~-> 00:13:57,810 |worrying about getting stopped out. And I just don't want to be up for London. So I want to get some sleep. So I wanted to participate I did a small little one
52 +|51 |00:13:58,050 ~-~-> 00:14:09,780 |standard lot. And I didn't care too much about making much more about that position than that simply. So expectation is I want to see it reached down to a
53 +|52 |00:14:09,780 ~-~-> 00:14:20,910 |specific price level. Okay, now here's the myth about trading that I got wrapped up into and not first started the entries The most important thing and it's not
54 +|53 |00:14:21,630 ~-~-> 00:14:33,030 |the entry is not the most important thing. Knowing where the price is most likely trying to go to is what's most significant. So if we go out to take this
55 +|54 |00:14:33,030 ~-~-> 00:14:39,360 |off here and wrap this video up cuz I don't want to be too long. If we got to a four hour chart
56 +|55 |00:14:44,580 ~-~-> 00:15:03,480 |Okay. Do you see this consolidation here? We rally to way smaller consolidation rally away again. And then we climax high retrace Lower, retracement lower,
57 +|56 |00:15:03,780 ~-~-> 00:15:17,190 |retracement lower consolidation inside the consolidation over here. And what we'll be resting below here. Self stops. Okay, Southside liquidity. So what we
58 +|57 |00:15:17,190 ~-~-> 00:15:18,720 |have here is a market maker,
59 +|58 |00:15:19,320 ~-~-> 00:15:19,860 |somehow.
60 +|59 |00:15:20,880 ~-~-> 00:15:30,270 |Okay. So what I was using was last night, I knew we were in this area over here with the expectation of targeting the liquidity resting below the consolidation
61 +|60 |00:15:30,270 ~-~-> 00:15:38,280 |over here. So one of the parrot my orders with what would be existing in the marketplace, in the form of sell stops, why would there be cell stops resting
62 +|61 |00:15:38,280 ~-~-> 00:15:48,270 |here, because this is the last intermediate term below prior to this run up, that trailed stop losses would be placed right underneath. And they're going to
63 +|62 |00:15:48,270 ~-~-> 00:15:57,900 |target those individuals. With that run, you can see it's happened here, post trade. But I want to go back into a 15 minute timeframe, and apply what
64 +|63 |00:15:57,900 ~-~-> 00:16:13,230 |everything looked like to me, in my mind. Okay, this is what it looked like. This is how I interpreted price at the time of my entry in here. Okay, and I'll
65 +|64 |00:16:13,230 ~-~-> 00:16:24,180 |show you what that looks like. Also, we'll just do this, I'll throw on the the last portion of that movie, you see, there's been no other trade since my last
66 +|65 |00:16:24,180 ~-~-> 00:16:36,120 |year of trade. So I'm practicing what I preach. I don't want to be trading a lot during the non farm payroll week. So there's my entry right here. And there's my
67 +|66 |00:16:36,120 ~-~-> 00:16:45,720 |stop loss being tagged. Okay, it got stopped out right there just got really, really tight, because I didn't believe it would be worth holding any type of
68 +|67 |00:16:45,750 ~-~-> 00:16:55,320 |bounce in here, because we had an ADR low. And it's not from payroll week. So it could have easily came down here, hit this and chop back around. And I've given
69 +|68 |00:16:55,320 ~-~-> 00:17:04,560 |up a lot of the portion of the move, you can watch in the video. first couple minutes of this video, I was scaling out at logical levels, and trailing my stop
70 +|69 |00:17:04,560 ~-~-> 00:17:13,770 |loss tighter and tighter and tighter. And I don't always try to get out at the ideal scenario because ideal scenario doesn't always pan out for me. I live in
71 +|70 |00:17:13,770 ~-~-> 00:17:23,970 |the real world. So I've been hurt many times trying to get the absolute best exit. To me, this is favorable. Okay, so now what we're looking at is this is
72 +|71 |00:17:23,970 ~-~-> 00:17:32,100 |the four hour market maker sell model liquidity pool, okay, which is that consolidation I showed you on the four hour chart that levels that that low, and
73 +|72 |00:17:32,100 ~-~-> 00:17:44,970 |then below that 20 pips or so takes us down into the 3132 level. So in that area, that takes us about 20 pips or so below the low. And depending on your
74 +|73 |00:17:44,970 ~-~-> 00:17:51,870 |data feed, you're going to have a slightly different number in terms of what 20 pips would be below that, but you can see how Look, they're consolidating around
75 +|74 |00:17:51,870 ~-~-> 00:17:59,550 |here. Now it could drop one more time lower, I could care less, I'm already out flat, can't make any more money can't lose any more money long and short is this
76 +|75 |00:17:59,550 ~-~-> 00:18:08,820 |is where they're accumulating all the orders that are residing underneath that for our blow. So it's a liquidity pool, where the market maker sell model, okay.
77 +|76 |00:18:09,270 ~-~-> 00:18:18,360 |So my expectation was, again, at the open, I was willing to absorb whatever upside would be, but I was willing to allow it to go up to this point, which is
78 +|77 |00:18:18,360 ~-~-> 00:18:27,300 |the reason why you'll have one standard one. So shorting here allowing price to go up to this level to be stopped me out. But really, the expectation is, this
79 +|78 |00:18:27,300 ~-~-> 00:18:33,660 |is where I thought price would go up to during the London session. This starts the actual London session, which is one o'clock in the morning, New York time
80 +|79 |00:18:33,660 ~-~-> 00:18:42,090 |for me, this is the London open kill zone ICT kills and there's a lot of folks using those buzzwords, on YouTube, YouTube, Killzone power three, and they're
81 +|80 |00:18:42,090 ~-~-> 00:18:51,810 |not teaching what I teach, okay, I create these own my own names, okay, had to create a vocabulary. So it's, please don't be confused. If you see other people
82 +|81 |00:18:51,930 ~-~-> 00:18:59,280 |using those terms. kind of go back to if you're going to be looking at anything I'm teaching kind of go back to what I teach with it because it did become real
83 +|82 |00:18:59,280 ~-~-> 00:19:08,160 |buzzwords and institutional institutional that so long and short is it went right to the very beginning of the ICT, London open kill zone 1am in New York
84 +|83 |00:19:08,160 ~-~-> 00:19:21,480 |time, nailed it perfectly right at the 62%. And then 70% 70.5%. Rather, the bodies want rate to 62 but the spike up in here on this particular candle and
85 +|84 |00:19:21,480 ~-~-> 00:19:34,320 |he's doing a little bit guys can see. Okay, you can see, it went right up into the 70.5 level right in here. Okay, and EDR was hit and asked us where all my
86 +|85 |00:19:34,710 ~-~-> 00:19:45,540 |objectives were filled at this low or just below it. Again, I'll show you what they look like again, here you can see it there. And this is a limit order. I
87 +|86 |00:19:45,540 ~-~-> 00:19:55,920 |was going to try to add to that short on the euro dollar day and just didn't get trip. So that's why it was cancelled in case you're wondering what that was. And
88 +|87 |00:19:55,980 ~-~-> 00:20:05,160 |that's it folks. Optimal trade entry was the idea. It may pan out, but I didn't want to be in there. And honestly, I could have had my orders at 62% retracement
89 +|88 |00:20:05,160 ~-~-> 00:20:09,600 |level or just below it to get filled. But it could have just simply rolled right over
90 +|89 |00:20:09,660 ~-~-> 00:20:16,290 |and went lower and I would have never gotten filled. So when I have instances where I feel that the most likely going to happen, I just go right into the
91 +|90 |00:20:16,290 ~-~-> 00:20:24,720 |Asian range, don't risk a whole lot don't put a whole lot of leverage on determine where the projected high may be based on power three. And you can see,
92 +|91 |00:20:24,870 ~-~-> 00:20:37,980 |this is what we're looking at here. Now I'm going to change this to default. So you guys can see a daily candle. And it'll be exactly as I just described to
93 +|92 |00:20:37,980 ~-~-> 00:20:53,040 |you. And we'll change it to a bar chart and zoom in. And here's the power three, the opening price smaller rally up Now usually about 30 pips or so. And then it
94 +|93 |00:20:53,040 ~-~-> 00:21:02,640 |drops down, creates the low of the day and comes off the low. There it is. And here's the consolidation on daily chart targeted that liquidity right there. So
95 +|94 |00:21:02,640 ~-~-> 00:21:10,470 |everything moves algorithmically. And there's a rhyme and reason why price does everything it does. There's nothing ambiguous about it. And there's nothing that
96 +|95 |00:21:10,470 ~-~-> 00:21:20,370 |is, you know, mysterious. We can come up with all kinds of clever ways to make it sound mysterious, but it really is as simple as looking for liquidity. So
97 +|96 |00:21:20,370 ~-~-> 00:21:30,450 |hopefully you found this teaching in video insightful. If you like what you saw, leave a comment on twitter at I am ICT and till next time, wish you good luck
98 +|97 |00:21:30,450 ~-~-> 00:21:31,140 |and good trading.
4 4  
5 -2
6 -00:05:07,440 ~-~-> 00:05:17,130
7 -I saw you know that it's not on payroll week. So this Friday, we have non farm
8 -payroll coming out. And typically what will happen is, is on Mondays and
9 -
10 -3
11 -00:05:17,130 ~-~-> 00:05:27,720
12 -Tuesdays are the best trading days. And Wednesday, Thursday and Friday tend to
13 -be a little bit iffy. In my experience, I've learned that it's better for me to
14 -
15 -4
16 -00:05:27,720 ~-~-> 00:05:36,480
17 -be at least active at the beginning of the week, and then come on jets. As we
18 -closer to Wednesday's, New York open.
19 -
20 -5
21 -00:05:39,090 ~-~-> 00:05:49,920
22 -I don't want to promote the idea that you can't take any trades, obviously,
23 -because it's just my personal opinion, it's my own personal approach to
24 -
25 -6
26 -00:05:49,920 ~-~-> 00:06:02,430
27 -analysis. I don't want to sway anyone's opinions or, you know, because in the
28 -past, I said, you shouldn't trade on Mondays. And a few of you have taken that
29 -
30 -7
31 -00:06:02,430 ~-~-> 00:06:11,040
32 -as the gospel and the hardline that and said, You know, I thought it's not
33 -profitable to trade on Mondays and show on social media where a Monday's trade
34 -
35 -8
36 -00:06:11,040 ~-~-> 00:06:20,790
37 -is profitable. Again, I'm not trying to encourage that type of reaction from
38 -other people to SEO folks that aren't really interested in what I'm sharing. I'm
39 -
40 -9
41 -00:06:20,790 ~-~-> 00:06:32,550
42 -just giving you my personal interpretation of price action. I'm not right all
43 -the time. And when I am right, I can justify why I was correct. When I'm wrong,
44 -
45 -10
46 -00:06:32,580 ~-~-> 00:06:42,330
47 -I can also find out why relatively quickly, what went wrong. But that's the
48 -distinction between myself and most retail traders, retail traders don't have a
49 -
50 -11
51 -00:06:42,330 ~-~-> 00:06:51,000
52 -clue what they're looking for. And when they're right or wrong, they really
53 -don't know how to attribute to us specifics or details. And you need to have the
54 -
55 -12
56 -00:06:51,000 ~-~-> 00:07:01,950
57 -details. Okay, but we don't need details to the degree of precision, even though
58 -I kind of promote that idea in my analysis, you don't necessarily need it. And
59 -
60 -13
61 -00:07:01,950 ~-~-> 00:07:11,040
62 -when we talk about optimal trade entry, it's a pattern that is very versatile.
63 -And you don't have to have yourself chained in front of the charts all the time.
64 -
65 -14
66 -00:07:12,030 ~-~-> 00:07:23,880
67 -But you do have to know where the market's most likely reaching for. Okay, so
68 -I'm going to give you a little bit of a, a treatise on that. So looking at the
69 -
70 -15
71 -00:07:23,880 ~-~-> 00:07:35,310
72 -cable last night, Okay, I'm gonna put the date dividers in here you can see. And
73 -here's the being a new day, Asia, in the market was dilly dallying around in a
74 -
75 -16
76 -00:07:35,310 ~-~-> 00:07:45,690
77 -small little tight consolidation. Now, my personal expectation was we would see
78 -higher dollar. So therefore, if the dollar is being pressed higher, that's going
79 -
80 -17
81 -00:07:45,690 ~-~-> 00:07:52,170
82 -to suppress foreign currencies or make them more likely to go lower, doesn't
83 -mean all foreign currencies are going to go lower.
84 -
85 -18
86 -00:07:58,080 ~-~-> 00:08:05,520
87 -It doesn't mean all foreign currencies are going to go lower, but they
88 -predominantly should go lower if the dollar is bullish. So what I was looking at
89 -
90 -19
91 -00:08:05,550 ~-~-> 00:08:17,130
92 -is the tendency for cable to want to drop lower, clear out some liquidity and
93 -reach for lower prices that hadn't been seen for a while. And I'll outline that
94 -
95 -20
96 -00:08:17,130 ~-~-> 00:08:27,570
97 -in a second. But for now, I kinda want to give you the same question. I started
98 -the video off with the screen capture of the agent session last night, during
99 -
100 -21
101 -00:08:27,570 ~-~-> 00:08:38,160
102 -this smaller consolidation after these equal lows in here had been violated,
103 -okay, rated it and went back into the middle range. I want you to look at this.
104 -
105 -22
106 -00:08:42,780 ~-~-> 00:09:00,360
107 -Okay, we all blow here. The markets traded essentially, around this level, above
108 -or below back to it hanging around resistance resistance. So I've used that as a
109 -
110 -23
111 -00:09:00,360 ~-~-> 00:09:12,300
112 -point of equilibrium. Okay, and since I'm bearish, or was bearish last night, I
113 -wanted to be a participant of this move. But truth be told, there's a lot of
114 -
115 -24
116 -00:09:12,300 ~-~-> 00:09:20,340
117 -personal things going on my life. And I'm exhausted, I'm tired. So I didn't want
118 -to get up at London. I didn't want to get up at midnight, the check anything,
119 -
120 -25
121 -00:09:20,400 ~-~-> 00:09:33,480
122 -but I wanted to participate. So what I did was I went short rate, the market
123 -rate equilibrium. The expectation is that we would see this big dramatic move
124 -
125 -26
126 -00:09:33,480 ~-~-> 00:09:42,390
127 -right here. Think about sniper series. If you haven't seen that yet, you will be
128 -able to see it. This month, I'm bringing it back on my website. And here's
129 -
130 -27
131 -00:09:42,390 ~-~-> 00:09:53,550
132 -optimal trade entry. Okay, using the bodies of the candles as referred to in the
133 -OTC primer, it's on YouTube with the mindset video. Optimal trade entry right in
134 -
135 -28
136 -00:09:53,550 ~-~-> 00:10:06,000
137 -here 62% retracement level 70.5 and 79% Okay. There might specific levels how
138 -it's set up, and I'll teach you exactly how to put that in your fib or mt four
139 -
140 -29
141 -00:10:06,000 ~-~-> 00:10:17,280
142 -or whatever platform you're using. So my expectation is, is I knew I wanted to
143 -be short. And I knew that the likelihood of upside would should be relatively
144 -
145 -30
146 -00:10:17,280 ~-~-> 00:10:32,610
147 -limited. And I focused on the approach of my concept of power three. Okay, and
148 -what that is, is, my expectation was to see, this is not the scale, folks. So
149 -
150 -31
151 -00:10:32,610 ~-~-> 00:10:45,060
152 -just so you guys know, I was looking for this formation on the daily, okay, so
153 -let's think of this as a daily candle or a daily bar. And the open is right in
154 -
155 -32
156 -00:10:45,060 ~-~-> 00:10:56,250
157 -here. Here's the opening price. And I wanted to see it rally up, but I didn't
158 -want to mess around with missing the move. And I didn't want to worry about
159 -
160 -33
161 -00:10:56,250 ~-~-> 00:11:03,240
162 -whether or not I'm going to get in it or not, or Miss, you know, miss a real
163 -good entry, I don't really care about a real good entry, if I know, the
164 -
165 -34
166 -00:11:03,240 ~-~-> 00:11:14,940
167 -likelihood is it's going lower. So I want to get in around that opening price.
168 -Or if not higher, if I'm going to be shorting so is this ICT power three, um,
169 -
170 -35
171 -00:11:15,090 ~-~-> 00:11:25,770
172 -got a video teaches that but the, the opening or above it is where I want to be
173 -selling short on bearish days. And I want to capture new lines portion of this
174 -
175 -36
176 -00:11:25,770 ~-~-> 00:11:36,690
177 -move here. I don't care about getting the low, I got tools and techniques that
178 -might give me the idea where this price may be. But I don't care to actually
179 -
180 -37
181 -00:11:36,690 ~-~-> 00:11:46,170
182 -happen as my exit, I do want to exit somewhere below the midpoint of the
183 -expected down range. Okay, so in other words, whatever I think the total daily
184 -
185 -38
186 -00:11:46,170 ~-~-> 00:11:55,680
187 -ranges, my objective is, is I really want to be at 50% or below that for my
188 -exits. That's my, my personal model, I want to be doing that type of thing. And
189 -
190 -39
191 -00:11:55,680 ~-~-> 00:12:03,300
192 -then I'll leave some pieces on the see if I can get these types of prices down
193 -here. But mostly, I'm not always getting it. So to be honest, that's really what
194 -
195 -40
196 -00:12:03,300 ~-~-> 00:12:12,990
197 -it is, and 600. And some of you seen that day by day where if I am right, I'm
198 -not always holding that last piece of the pie. I could care less about being
199 -
200 -41
201 -00:12:13,320 ~-~-> 00:12:21,450
202 -accurate. Besides my portion is so small, it's insignificant at that point. The
203 -premise is you want to be profitable, not perfect, because perfect is
204 -
205 -42
206 -00:12:21,450 ~-~-> 00:12:30,000
207 -unrealistic. And you'll never get that. But profitable is realistic, and it can
208 -be obtained. And that's all I'm trying to promote the ideal. And now, I can't
209 -
210 -43
211 -00:12:30,000 ~-~-> 00:12:37,950
212 -promise you profitability, and I can't promise you what I'm teaching is going to
213 -give you profits. But over time, you'll learn what approached it using the
214 -
215 -44
216 -00:12:37,950 ~-~-> 00:12:51,330
217 -optimal trade entry, you'll like to have, okay, so let's go back to this, I want
218 -to be short, above the opening price, which is here. And being short, I wanted
219 -
220 -45
221 -00:12:51,330 ~-~-> 00:12:59,130
222 -to know how much of a move this power three high would be. So if we look at that
223 -in the scope of
224 -
225 -46
226 -00:13:03,270 ~-~-> 00:13:21,420
227 -I thought that you guys would appreciate this. But this is a 30 PIP range. And
228 -I'm going to apply it to the opening price right there. Right there. Okay, so
229 -
230 -47
231 -00:13:21,420 ~-~-> 00:13:33,690
232 -here's the opening price. 30 pips above that takes us above here, so my stop has
233 -to be above here, preferably up to this point here. So around 30 to 6130, to 62
234 -
235 -48
236 -00:13:33,750 ~-~-> 00:13:42,720
237 -ish, something like that, that's where my stop has to be. So I can be a seller
238 -down here right during Asian range. Not give to Spitz about how how far it's
239 -
240 -49
241 -00:13:42,720 ~-~-> 00:13:49,110
242 -going to go up if it's gonna be a dramatic spike up, or it's going to be a
243 -lethargic drag all the way up to that price point. But I don't want to be
244 -
245 -50
246 -00:13:49,500 ~-~-> 00:13:57,810
247 -worrying about getting stopped out. And I just don't want to be up for London.
248 -So I want to get some sleep. So I wanted to participate I did a small little one
249 -
250 -51
251 -00:13:58,050 ~-~-> 00:14:09,780
252 -standard lot. And I didn't care too much about making much more about that
253 -position than that simply. So expectation is I want to see it reached down to a
254 -
255 -52
256 -00:14:09,780 ~-~-> 00:14:20,910
257 -specific price level. Okay, now here's the myth about trading that I got wrapped
258 -up into and not first started the entries The most important thing and it's not
259 -
260 -53
261 -00:14:21,630 ~-~-> 00:14:33,030
262 -the entry is not the most important thing. Knowing where the price is most
263 -likely trying to go to is what's most significant. So if we go out to take this
264 -
265 -54
266 -00:14:33,030 ~-~-> 00:14:39,360
267 -off here and wrap this video up cuz I don't want to be too long. If we got to a
268 -four hour chart
269 -
270 -55
271 -00:14:44,580 ~-~-> 00:15:03,480
272 -Okay. Do you see this consolidation here? We rally to way smaller consolidation
273 -rally away again. And then we climax high retrace Lower, retracement lower,
274 -
275 -56
276 -00:15:03,780 ~-~-> 00:15:17,190
277 -retracement lower consolidation inside the consolidation over here. And what
278 -we'll be resting below here. Self stops. Okay, Southside liquidity. So what we
279 -
280 -57
281 -00:15:17,190 ~-~-> 00:15:18,720
282 -have here is a market maker,
283 -
284 -58
285 -00:15:19,320 ~-~-> 00:15:19,860
286 -somehow.
287 -
288 -59
289 -00:15:20,880 ~-~-> 00:15:30,270
290 -Okay. So what I was using was last night, I knew we were in this area over here
291 -with the expectation of targeting the liquidity resting below the consolidation
292 -
293 -60
294 -00:15:30,270 ~-~-> 00:15:38,280
295 -over here. So one of the parrot my orders with what would be existing in the
296 -marketplace, in the form of sell stops, why would there be cell stops resting
297 -
298 -61
299 -00:15:38,280 ~-~-> 00:15:48,270
300 -here, because this is the last intermediate term below prior to this run up,
301 -that trailed stop losses would be placed right underneath. And they're going to
302 -
303 -62
304 -00:15:48,270 ~-~-> 00:15:57,900
305 -target those individuals. With that run, you can see it's happened here, post
306 -trade. But I want to go back into a 15 minute timeframe, and apply what
307 -
308 -63
309 -00:15:57,900 ~-~-> 00:16:13,230
310 -everything looked like to me, in my mind. Okay, this is what it looked like.
311 -This is how I interpreted price at the time of my entry in here. Okay, and I'll
312 -
313 -64
314 -00:16:13,230 ~-~-> 00:16:24,180
315 -show you what that looks like. Also, we'll just do this, I'll throw on the the
316 -last portion of that movie, you see, there's been no other trade since my last
317 -
318 -65
319 -00:16:24,180 ~-~-> 00:16:36,120
320 -year of trade. So I'm practicing what I preach. I don't want to be trading a lot
321 -during the non farm payroll week. So there's my entry right here. And there's my
322 -
323 -66
324 -00:16:36,120 ~-~-> 00:16:45,720
325 -stop loss being tagged. Okay, it got stopped out right there just got really,
326 -really tight, because I didn't believe it would be worth holding any type of
327 -
328 -67
329 -00:16:45,750 ~-~-> 00:16:55,320
330 -bounce in here, because we had an ADR low. And it's not from payroll week. So it
331 -could have easily came down here, hit this and chop back around. And I've given
332 -
333 -68
334 -00:16:55,320 ~-~-> 00:17:04,560
335 -up a lot of the portion of the move, you can watch in the video. first couple
336 -minutes of this video, I was scaling out at logical levels, and trailing my stop
337 -
338 -69
339 -00:17:04,560 ~-~-> 00:17:13,770
340 -loss tighter and tighter and tighter. And I don't always try to get out at the
341 -ideal scenario because ideal scenario doesn't always pan out for me. I live in
342 -
343 -70
344 -00:17:13,770 ~-~-> 00:17:23,970
345 -the real world. So I've been hurt many times trying to get the absolute best
346 -exit. To me, this is favorable. Okay, so now what we're looking at is this is
347 -
348 -71
349 -00:17:23,970 ~-~-> 00:17:32,100
350 -the four hour market maker sell model liquidity pool, okay, which is that
351 -consolidation I showed you on the four hour chart that levels that that low, and
352 -
353 -72
354 -00:17:32,100 ~-~-> 00:17:44,970
355 -then below that 20 pips or so takes us down into the 3132 level. So in that
356 -area, that takes us about 20 pips or so below the low. And depending on your
357 -
358 -73
359 -00:17:44,970 ~-~-> 00:17:51,870
360 -data feed, you're going to have a slightly different number in terms of what 20
361 -pips would be below that, but you can see how Look, they're consolidating around
362 -
363 -74
364 -00:17:51,870 ~-~-> 00:17:59,550
365 -here. Now it could drop one more time lower, I could care less, I'm already out
366 -flat, can't make any more money can't lose any more money long and short is this
367 -
368 -75
369 -00:17:59,550 ~-~-> 00:18:08,820
370 -is where they're accumulating all the orders that are residing underneath that
371 -for our blow. So it's a liquidity pool, where the market maker sell model, okay.
372 -
373 -76
374 -00:18:09,270 ~-~-> 00:18:18,360
375 -So my expectation was, again, at the open, I was willing to absorb whatever
376 -upside would be, but I was willing to allow it to go up to this point, which is
377 -
378 -77
379 -00:18:18,360 ~-~-> 00:18:27,300
380 -the reason why you'll have one standard one. So shorting here allowing price to
381 -go up to this level to be stopped me out. But really, the expectation is, this
382 -
383 -78
384 -00:18:27,300 ~-~-> 00:18:33,660
385 -is where I thought price would go up to during the London session. This starts
386 -the actual London session, which is one o'clock in the morning, New York time
387 -
388 -79
389 -00:18:33,660 ~-~-> 00:18:42,090
390 -for me, this is the London open kill zone ICT kills and there's a lot of folks
391 -using those buzzwords, on YouTube, YouTube, Killzone power three, and they're
392 -
393 -80
394 -00:18:42,090 ~-~-> 00:18:51,810
395 -not teaching what I teach, okay, I create these own my own names, okay, had to
396 -create a vocabulary. So it's, please don't be confused. If you see other people
397 -
398 -81
399 -00:18:51,930 ~-~-> 00:18:59,280
400 -using those terms. kind of go back to if you're going to be looking at anything
401 -I'm teaching kind of go back to what I teach with it because it did become real
402 -
403 -82
404 -00:18:59,280 ~-~-> 00:19:08,160
405 -buzzwords and institutional institutional that so long and short is it went
406 -right to the very beginning of the ICT, London open kill zone 1am in New York
407 -
408 -83
409 -00:19:08,160 ~-~-> 00:19:21,480
410 -time, nailed it perfectly right at the 62%. And then 70% 70.5%. Rather, the
411 -bodies want rate to 62 but the spike up in here on this particular candle and
412 -
413 -84
414 -00:19:21,480 ~-~-> 00:19:34,320
415 -he's doing a little bit guys can see. Okay, you can see, it went right up into
416 -the 70.5 level right in here. Okay, and EDR was hit and asked us where all my
417 -
418 -85
419 -00:19:34,710 ~-~-> 00:19:45,540
420 -objectives were filled at this low or just below it. Again, I'll show you what
421 -they look like again, here you can see it there. And this is a limit order. I
422 -
423 -86
424 -00:19:45,540 ~-~-> 00:19:55,920
425 -was going to try to add to that short on the euro dollar day and just didn't get
426 -trip. So that's why it was cancelled in case you're wondering what that was. And
427 -
428 -87
429 -00:19:55,980 ~-~-> 00:20:05,160
430 -that's it folks. Optimal trade entry was the idea. It may pan out, but I didn't
431 -want to be in there. And honestly, I could have had my orders at 62% retracement
432 -
433 -88
434 -00:20:05,160 ~-~-> 00:20:09,600
435 -level or just below it to get filled. But it could have just simply rolled right
436 -over
437 -
438 -89
439 -00:20:09,660 ~-~-> 00:20:16,290
440 -and went lower and I would have never gotten filled. So when I have instances
441 -where I feel that the most likely going to happen, I just go right into the
442 -
443 -90
444 -00:20:16,290 ~-~-> 00:20:24,720
445 -Asian range, don't risk a whole lot don't put a whole lot of leverage on
446 -determine where the projected high may be based on power three. And you can see,
447 -
448 -91
449 -00:20:24,870 ~-~-> 00:20:37,980
450 -this is what we're looking at here. Now I'm going to change this to default. So
451 -you guys can see a daily candle. And it'll be exactly as I just described to
452 -
453 -92
454 -00:20:37,980 ~-~-> 00:20:53,040
455 -you. And we'll change it to a bar chart and zoom in. And here's the power three,
456 -the opening price smaller rally up Now usually about 30 pips or so. And then it
457 -
458 -93
459 -00:20:53,040 ~-~-> 00:21:02,640
460 -drops down, creates the low of the day and comes off the low. There it is. And
461 -here's the consolidation on daily chart targeted that liquidity right there. So
462 -
463 -94
464 -00:21:02,640 ~-~-> 00:21:10,470
465 -everything moves algorithmically. And there's a rhyme and reason why price does
466 -everything it does. There's nothing ambiguous about it. And there's nothing that
467 -
468 -95
469 -00:21:10,470 ~-~-> 00:21:20,370
470 -is, you know, mysterious. We can come up with all kinds of clever ways to make
471 -it sound mysterious, but it really is as simple as looking for liquidity. So
472 -
473 -96
474 -00:21:20,370 ~-~-> 00:21:30,450
475 -hopefully you found this teaching in video insightful. If you like what you saw,
476 -leave a comment on twitter at I am ICT and till next time, wish you good luck
477 -
478 -97
479 -00:21:30,450 ~-~-> 00:21:31,140
480 -and good trading.