ICT YT - 2017-10-10 - Pattern Recognition - London Open OTE and Order Block.srt

Last modified by Drunk Monkey on 2021-06-11 13:23
1 00:00:23,730 --> 00:00:34,530 ICT: Okay, folks, this is my London session, trade I went in dooring price action while I was inside of the Asian range. And I'm gonna keep the price very
2 00:00:35,250 --> 00:00:46,650 basic, nothing, no indicators, all I want you to do is train your eye. By watching price right here, this is sped up a lot. And I want you to see as price
3 00:00:46,650 --> 00:00:54,330 trades down into optimal trade entry, I don't want you to look forward to Fibonacci, I don't want you to look for that to be a crutch. In the beginning,
4 00:00:54,330 --> 00:01:03,600 it's okay to use it. But I want you to be watching price without it. Okay, and train your eyes to be able to see it. Okay, we're targeting that previous day's
5 00:01:03,600 --> 00:01:21,660 high. And we're creating our impulse swing higher, taking out a short term high now we want to see it retrace and go lower. Not interested at price where it's
6 00:01:21,660 --> 00:01:31,230 at right now. We want to catch it as it drops down. I'm going to highlight the order block and the apple trade entry at the same time. When they converge,
7 00:01:31,530 --> 00:01:47,910 right there watch which when it hits that level, bang. See that? It's picking up orders. Okay, it'll go back down again and gather more orders. Okay, you can see
8 00:01:47,910 --> 00:01:59,070 price hanging around. It short term high just broke, not the previous day's high, but the short term high that would cause a shift in market structure that
9 00:01:59,070 --> 00:02:10,560 would be bullish. Okay, now we're going to see price eventually make its way towards the previous day's high because there's buy stops above that high. And
10 00:02:10,560 --> 00:02:22,200 we're gonna see how price expands and starts to gravitate towards the previous day's high. Okay, one more time in there and it'll bump through that previous
11 00:02:22,200 --> 00:02:31,710 day's high Are you going to see it run through it now? Okay, nice little pop through that. Now, by itself, that's not a lot of movement. It's not a lot of
12 00:02:31,740 --> 00:02:43,380 run on price. But it's the same thing done on hard timeframe charts. So what we're seeing here is the element of price action and the ebb and flow and the
13 00:02:43,560 --> 00:02:53,340 expansion through the previous day's high. Okay, and that in itself, right there is enough for a intraday scalp. That would, that's all that would be necessary.
14 00:02:55,290 --> 00:03:04,500 So looking at what price has done here. Now, obviously, it's not a lot of movement, it's not a great deal of magnitude. No one's getting rich off of you
15 00:03:04,500 --> 00:03:16,980 know, 20 pips or so. But when you can see it, and you can outline it and anticipate that on a short term perspective like this, this same approach is
16 00:03:16,980 --> 00:03:25,740 applied to higher timeframe charts, and it requires a lot more time. That's all just requires more time for the position to come to a profitability.