Skip to Content
Version 1.1 by Drunk Monkey on 2020-12-09 05:24
Show last authors
1 1
2 00:00:21,180 ~-~-> 00:00:37,320
3 ICT: Hey, folks, welcome back. Another example for pattern recognition during
4 Aussie dollar, I want to take you to an old high over here. And we're looking at
5
6 2
7 00:00:37,320 ~-~-> 00:00:52,530
8 the old high coming in at 7749. So if price is coming down to 7749, when
9 institutional level should have hit first 50, level 7750. So we're going to drop
10
11 3
12 00:00:52,530 ~-~-> 00:01:05,010
13 our level on that calibrated to 50. Okay, so there's a hard timeframe price
14 level, real simple, short and sweet. Drop down into a 15 minute timeframe.
15
16 4
17 00:01:10,770 ~-~-> 00:01:39,600
18 Okay, and we're going to highlight the market structure shift. We're here.
19 There's your high that's been violated. Here. Rain there. Okay, soon as as high
20
21 5
22 00:01:39,600 ~-~-> 00:01:52,860
23 as taken out. This is our impulse price, like I'll do is take our fifth anchor
24 in the lowest body, it could be the open or the close doesn't make a difference,
25
26 6
27 00:01:53,190 ~-~-> 00:02:02,820
28 whichever is the lowest clicking on air and will drag it up to the highest body.
29 Again, it could be a open or close it's going to be here you can see optimal
30
31 7
32 00:02:02,820 ~-~-> 00:02:16,830
33 trade entry 70.5 level comes in at 7750 nice mid figure level. Okay, and our old
34 highs our first profit objective, and it's been hit so far. Next upside would be
35
36 8
37 00:02:17,010 ~-~-> 00:02:31,230
38 target one, target two, and symmetrical price swing respectively. So one more
39 quick example of what it would look like one more time, get a better feel for
40
41 9
42 00:02:31,230 ~-~-> 00:02:43,710
43 what that looks like. Okay, very, very nice overlapping. That's gonna be it for
44 another quick example for pattern recognition This is doing well let's do this.
45
46 10
47 00:02:43,710 ~-~-> 00:02:57,840
48 Let's take all this off. And we'll go into our kills and then we'll add the
49 feedback on it guys can see how it overlapping with time of day. lower spine to
50
51 11
52 00:02:57,840 ~-~-> 00:03:14,310
53 the highest body there so it's this candle in this candles body. Beautiful
54 respect for the 70.5 level. And right there is your trade entry door in the New
55
56 12
57 00:03:14,310 ~-~-> 00:03:26,430
58 York kill zone. Okay, this is London. This is New York. Okay. Very, very nice
59 run on the by saucer with resting the ball here. And any upside would lead us to
60
61 13
62 00:03:26,640 ~-~-> 00:03:49,020
63 expect 7795 7010 and then 7830 respectively. Might be a little bit ambitious for
64 30. But this what we look for going forward, okay. So again, that's the pattern
65
66 14
67 00:03:49,020 ~-~-> 00:04:00,210
68 is optimal trade entry using a break in market structure right here off of the
69 higher timeframe level. Okay. 7750 was the level right in here. It bounced or
70
71 15
72 00:04:00,210 ~-~-> 00:04:13,980
73 went lower one more time. broke a structure. High retracement optimal trade
74 entry. During a kill zone. There's your entry stop will be below there. Expand
75
76 16
77 00:04:13,980 ~-~-> 00:04:17,880
78 expanding up. Okay until next time, wish good luck and good trading.