ICT YT - 2017-10-09 - Pattern Recognition - Aussie OTE NYO.srt
Last modified by Drunk Monkey on 2021-06-11 13:24
| 1 | 00:00:21,180 --> 00:00:37,320 | ICT: Hey, folks, welcome back. Another example for pattern recognition during Aussie dollar, I want to take you to an old high over here. And we're looking at |
| 2 | 00:00:37,320 --> 00:00:52,530 | the old high coming in at 7749. So if price is coming down to 7749, when institutional level should have hit first 50, level 7750. So we're going to drop |
| 3 | 00:00:52,530 --> 00:01:05,010 | our level on that calibrated to 50. Okay, so there's a hard timeframe price level, real simple, short and sweet. Drop down into a 15 minute timeframe. |
| 4 | 00:01:10,770 --> 00:01:39,600 | Okay, and we're going to highlight the market structure shift. We're here. There's your high that's been violated. Here. Rain there. Okay, soon as as high |
| 5 | 00:01:39,600 --> 00:01:52,860 | as taken out. This is our impulse price, like I'll do is take our fifth anchor in the lowest body, it could be the open or the close doesn't make a difference, |
| 6 | 00:01:53,190 --> 00:02:02,820 | whichever is the lowest clicking on air and will drag it up to the highest body. Again, it could be a open or close it's going to be here you can see optimal |
| 7 | 00:02:02,820 --> 00:02:16,830 | trade entry 70.5 level comes in at 7750 nice mid figure level. Okay, and our old highs our first profit objective, and it's been hit so far. Next upside would be |
| 8 | 00:02:17,010 --> 00:02:31,230 | target one, target two, and symmetrical price swing respectively. So one more quick example of what it would look like one more time, get a better feel for |
| 9 | 00:02:31,230 --> 00:02:43,710 | what that looks like. Okay, very, very nice overlapping. That's gonna be it for another quick example for pattern recognition This is doing well let's do this. |
| 10 | 00:02:43,710 --> 00:02:57,840 | Let's take all this off. And we'll go into our kills and then we'll add the feedback on it guys can see how it overlapping with time of day. lower spine to |
| 11 | 00:02:57,840 --> 00:03:14,310 | the highest body there so it's this candle in this candles body. Beautiful respect for the 70.5 level. And right there is your trade entry door in the New |
| 12 | 00:03:14,310 --> 00:03:26,430 | York kill zone. Okay, this is London. This is New York. Okay. Very, very nice run on the by saucer with resting the ball here. And any upside would lead us to |
| 13 | 00:03:26,640 --> 00:03:49,020 | expect 7795 7010 and then 7830 respectively. Might be a little bit ambitious for 30. But this what we look for going forward, okay. So again, that's the pattern |
| 14 | 00:03:49,020 --> 00:04:00,210 | is optimal trade entry using a break in market structure right here off of the higher timeframe level. Okay. 7750 was the level right in here. It bounced or |
| 15 | 00:04:00,210 --> 00:04:13,980 | went lower one more time. broke a structure. High retracement optimal trade entry. During a kill zone. There's your entry stop will be below there. Expand |
| 16 | 00:04:13,980 --> 00:04:17,880 | expanding up. Okay until next time, wish good luck and good trading. |