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

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.