ICT YT - 2017-10-05 - Anticipating OTE Patterns - Early Entries.srt

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ICT: Okay folks, welcome back

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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

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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

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be at least active at the beginning of the week, and then come on jets. As we
closer to Wednesday's, New York open.

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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

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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

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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

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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

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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,

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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

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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

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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

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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.

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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

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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

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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

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to suppress foreign currencies or make them more likely to go lower, doesn't
mean all foreign currencies are going to go lower.

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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

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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

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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

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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.

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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

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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

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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,

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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,

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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to know how much of a move this power three high would be. So if we look at that
in the scope of

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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

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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

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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

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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

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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

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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

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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

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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

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off here and wrap this video up cuz I don't want to be too long. If we got to a
four hour chart

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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,

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retracement lower consolidation inside the consolidation over here. And what
we'll be resting below here. Self stops. Okay, Southside liquidity. So what we

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have here is a market maker,

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somehow.

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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.

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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level or just below it to get filled. But it could have just simply rolled right
over

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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

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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,

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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

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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

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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

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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

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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

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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

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and good trading.