Skip to Content
Version 1.1 by Drunk Monkey on 2020-12-09 05:24
Show last authors
1 1
2 00:00:23,730 ~-~-> 00:00:34,530
3 ICT: Okay, folks, this is my London session, trade I went in dooring price
4 action while I was inside of the Asian range. And I'm gonna keep the price very
5
6 2
7 00:00:35,250 ~-~-> 00:00:46,650
8 basic, nothing, no indicators, all I want you to do is train your eye. By
9 watching price right here, this is sped up a lot. And I want you to see as price
10
11 3
12 00:00:46,650 ~-~-> 00:00:54,330
13 trades down into optimal trade entry, I don't want you to look forward to
14 Fibonacci, I don't want you to look for that to be a crutch. In the beginning,
15
16 4
17 00:00:54,330 ~-~-> 00:01:03,600
18 it's okay to use it. But I want you to be watching price without it. Okay, and
19 train your eyes to be able to see it. Okay, we're targeting that previous day's
20
21 5
22 00:01:03,600 ~-~-> 00:01:21,660
23 high. And we're creating our impulse swing higher, taking out a short term high
24 now we want to see it retrace and go lower. Not interested at price where it's
25
26 6
27 00:01:21,660 ~-~-> 00:01:31,230
28 at right now. We want to catch it as it drops down. I'm going to highlight the
29 order block and the apple trade entry at the same time. When they converge,
30
31 7
32 00:01:31,530 ~-~-> 00:01:47,910
33 right there watch which when it hits that level, bang. See that? It's picking up
34 orders. Okay, it'll go back down again and gather more orders. Okay, you can see
35
36 8
37 00:01:47,910 ~-~-> 00:01:59,070
38 price hanging around. It short term high just broke, not the previous day's
39 high, but the short term high that would cause a shift in market structure that
40
41 9
42 00:01:59,070 ~-~-> 00:02:10,560
43 would be bullish. Okay, now we're going to see price eventually make its way
44 towards the previous day's high because there's buy stops above that high. And
45
46 10
47 00:02:10,560 ~-~-> 00:02:22,200
48 we're gonna see how price expands and starts to gravitate towards the previous
49 day's high. Okay, one more time in there and it'll bump through that previous
50
51 11
52 00:02:22,200 ~-~-> 00:02:31,710
53 day's high Are you going to see it run through it now? Okay, nice little pop
54 through that. Now, by itself, that's not a lot of movement. It's not a lot of
55
56 12
57 00:02:31,740 ~-~-> 00:02:43,380
58 run on price. But it's the same thing done on hard timeframe charts. So what
59 we're seeing here is the element of price action and the ebb and flow and the
60
61 13
62 00:02:43,560 ~-~-> 00:02:53,340
63 expansion through the previous day's high. Okay, and that in itself, right there
64 is enough for a intraday scalp. That would, that's all that would be necessary.
65
66 14
67 00:02:55,290 ~-~-> 00:03:04,500
68 So looking at what price has done here. Now, obviously, it's not a lot of
69 movement, it's not a great deal of magnitude. No one's getting rich off of you
70
71 15
72 00:03:04,500 ~-~-> 00:03:16,980
73 know, 20 pips or so. But when you can see it, and you can outline it and
74 anticipate that on a short term perspective like this, this same approach is
75
76 16
77 00:03:16,980 ~-~-> 00:03:25,740
78 applied to higher timeframe charts, and it requires a lot more time. That's all
79 just requires more time for the position to come to a profitability.