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Version 1.1 by Drunk Monkey on 2020-12-09 05:24
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3 ICT: Folks, just a real quick example on the euro dollar. And again, let me
4 preface it by saying these examples are for your learning in the benefit of
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8 activating your reticular activating system. That is to say that the only way
9 you're gonna be able to spot these patterns in real time before they unfold is
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13 for you to see them routinely, every single day, every time there's a new
14 upload, watch it and fill in the dead space of your trading. With study time
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18 looking at old videos, I'm going to make them very brief, very short. So we can
19 go through semen price action. And that way you can come back and watch live
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23 analysis. And you're going to see these things unfold as it happens. Only those
24 individuals that would view this as useless hindsight, are the ones that are not
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28 going to benefit from this. Okay, so if you're looking at it, and considering
29 this as useless, I'm not going to sit here and argue with you and try to defend
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33 that the only way you're going to learn something is by repetition. And the best
34 way to do that is to look at what's shown in hindsight, as you'll see, there's
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38 repeating phenomenon that take place every single trading day. And we look on
39 lower timeframes from a higher time frame level, to see the pattern form. Okay,
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43 so looking at the hourly chart, and then I'm gonna draw your attention to this
44 area right in here with equal lows to sell stop run, how do we know that price
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48 moved away sharply. Now, by itself, that means absolutely nothing to someone
49 that's not interested in learning how to read price action from the way I teach
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53 it. But from a hindsight perspective, it gives us a great deal of value in terms
54 of insight, because we know this is a run on sell stops. of it is look for the
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58 Polish breaker, that means the high between the low and the stock run. So that's
59 right here. Okay, so that comes in at a high of 117 20, nice institutional
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63 level. Okay, we'll drop that on here. Now, that's our hard timeframe price
64 level, all we have to do is drop down into a 15 minute timeframe. And we'll be
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68 looking at the time of day. Okay, now all we have to do is refer to that level
69 and wait for price to break a short term high is a short term high right here.
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73 So when this highs broken, that's a break in market structure. Okay, so you want
74 to use the low to the high that forms once this highs taken out. So bring in our
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78 Fibonacci Okay, now we're only using the bodies of the candles, okay, the high
79 and the low. And here's your optimal trade entry. Look at the respect of the
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83 bodies now yes, we wick through a little bit here. But look at the body trading
84 up to first target which is the old high and then target one, multiple
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88 opportunities here target one, then retraces goes down below, old high. And then
89 we'll look at this example as well. Or an additional setup for this is just a
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93 bonus for you guys. This is the asian session. Okay, and while we eventually did
94 trade up to our symmetrical price swing, I'm going to refine this okay and show
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98 you one more example where the low or hard timeframe level price trades through
99 this short term high market structure break. Now we also have this high be
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103 missed that one, we need that same pattern here. Hi is broken. So use the low up
104 to the high highest point in reference to the body. Okay, draw that up like
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108 that. You see 62% of tration level now that lovely price rallies up. first
109 target. Yes. Second target Yes. In here and symmetrical pricing exactly too
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113 high. Look at that in reference to what the actual price level is.
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117 Okay, so it comes in at 117 83. And the candles high comes in at 117 83. can't
118 get any better than that precision. Alright, so I didn't take any either one of
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122 these trades, it's just for your benefit to see it see the pattern. Again, all
123 we're doing is looking for a hard time frame level. A short term high too. be
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127 broken, measured a swing or impulse leg up, referencing the body to body, lowest
128 body portion that could either be a open or close to the highest open or close
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132 in the swing high. That's where you anchor your reference points. When it trades
133 back down into optimal trade entry, match your buy first targets the old high
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137 and then look for your projections on target one and target two and symmetrical
138 price swing. Beautiful example there. Hopefully found this insightful Till next
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142 time, wish you good luck and good trading.