ICT YT - 2017-10-09 - Pattern Recognition - Fiber OTE NYO and Asian Session.srt

Last modified by Drunk Monkey on 2021-06-11 13:24
1 00:00:24,600 --> 00:00:35,520 ICT: Folks, just a real quick example on the euro dollar. And again, let me preface it by saying these examples are for your learning in the benefit of
2 00:00:35,580 --> 00:00:45,360 activating your reticular activating system. That is to say that the only way you're gonna be able to spot these patterns in real time before they unfold is
3 00:00:45,360 --> 00:00:57,090 for you to see them routinely, every single day, every time there's a new upload, watch it and fill in the dead space of your trading. With study time
4 00:00:57,090 --> 00:01:04,560 looking at old videos, I'm going to make them very brief, very short. So we can go through semen price action. And that way you can come back and watch live
5 00:01:04,830 --> 00:01:15,180 analysis. And you're going to see these things unfold as it happens. Only those individuals that would view this as useless hindsight, are the ones that are not
6 00:01:15,180 --> 00:01:25,680 going to benefit from this. Okay, so if you're looking at it, and considering this as useless, I'm not going to sit here and argue with you and try to defend
7 00:01:25,680 --> 00:01:34,260 that the only way you're going to learn something is by repetition. And the best way to do that is to look at what's shown in hindsight, as you'll see, there's
8 00:01:34,590 --> 00:01:44,460 repeating phenomenon that take place every single trading day. And we look on lower timeframes from a higher time frame level, to see the pattern form. Okay,
9 00:01:44,460 --> 00:01:54,270 so looking at the hourly chart, and then I'm gonna draw your attention to this area right in here with equal lows to sell stop run, how do we know that price
10 00:01:54,270 --> 00:02:03,060 moved away sharply. Now, by itself, that means absolutely nothing to someone that's not interested in learning how to read price action from the way I teach
11 00:02:03,060 --> 00:02:13,470 it. But from a hindsight perspective, it gives us a great deal of value in terms of insight, because we know this is a run on sell stops. of it is look for the
12 00:02:13,770 --> 00:02:24,510 Polish breaker, that means the high between the low and the stock run. So that's right here. Okay, so that comes in at a high of 117 20, nice institutional
13 00:02:24,510 --> 00:02:35,130 level. Okay, we'll drop that on here. Now, that's our hard timeframe price level, all we have to do is drop down into a 15 minute timeframe. And we'll be
14 00:02:35,130 --> 00:02:46,200 looking at the time of day. Okay, now all we have to do is refer to that level and wait for price to break a short term high is a short term high right here.
15 00:02:46,830 --> 00:03:00,600 So when this highs broken, that's a break in market structure. Okay, so you want to use the low to the high that forms once this highs taken out. So bring in our
16 00:03:00,660 --> 00:03:08,850 Fibonacci Okay, now we're only using the bodies of the candles, okay, the high and the low. And here's your optimal trade entry. Look at the respect of the
17 00:03:08,850 --> 00:03:18,690 bodies now yes, we wick through a little bit here. But look at the body trading up to first target which is the old high and then target one, multiple
18 00:03:18,690 --> 00:03:29,970 opportunities here target one, then retraces goes down below, old high. And then we'll look at this example as well. Or an additional setup for this is just a
19 00:03:29,970 --> 00:03:44,610 bonus for you guys. This is the asian session. Okay, and while we eventually did trade up to our symmetrical price swing, I'm going to refine this okay and show
20 00:03:44,610 --> 00:03:55,230 you one more example where the low or hard timeframe level price trades through this short term high market structure break. Now we also have this high be
21 00:03:55,230 --> 00:04:11,910 missed that one, we need that same pattern here. Hi is broken. So use the low up to the high highest point in reference to the body. Okay, draw that up like
22 00:04:11,910 --> 00:04:29,820 that. You see 62% of tration level now that lovely price rallies up. first target. Yes. Second target Yes. In here and symmetrical pricing exactly too
23 00:04:29,820 --> 00:04:39,660 high. Look at that in reference to what the actual price level is.
24 00:04:41,070 --> 00:04:52,170 Okay, so it comes in at 117 83. And the candles high comes in at 117 83. can't get any better than that precision. Alright, so I didn't take any either one of
25 00:04:52,170 --> 00:05:00,120 these trades, it's just for your benefit to see it see the pattern. Again, all we're doing is looking for a hard time frame level. A short term high too. be
26 00:05:00,120 --> 00:05:14,190 broken, measured a swing or impulse leg up, referencing the body to body, lowest body portion that could either be a open or close to the highest open or close
27 00:05:14,850 --> 00:05:22,740 in the swing high. That's where you anchor your reference points. When it trades back down into optimal trade entry, match your buy first targets the old high
28 00:05:23,430 --> 00:05:32,010 and then look for your projections on target one and target two and symmetrical price swing. Beautiful example there. Hopefully found this insightful Till next
29 00:05:32,010 --> 00:05:33,720 time, wish you good luck and good trading.