ICT YT - 2017-10-23 - Pattern Recognition - London Close OTE Short - Fiber.srt

Last modified by Drunk Monkey on 2021-06-11 13:23
1 00:00:02,580 --> 00:00:14,430 ICT: Okay, folks, this is going to be an example of the euro dollar. day trade. This is a London close kill zone. Here's the optimal trade entry levels I'm
2 00:00:14,430 --> 00:00:23,070 targeting, and the retracement inside the range. You'll learn these things in tutorials, but I'm just focusing primarily on examples shown with the
3 00:00:23,070 --> 00:00:39,060 information thus far. Alright, so we have our stop being set. I'm gonna go a little bit above there. Okay, and I want to show you that the target one level
4 00:00:39,060 --> 00:00:47,340 is right around that 117 25 level. And then if I get a runner, if you go down to that level here, but I want to get out a little bit early, so that'd be my, my
5 00:00:47,340 --> 00:00:49,560 final portion be taken off there.
6 00:00:55,050 --> 00:01:05,670 Okay, so I'm going to be drawing your attention down until a little bit closer perspective. And I want you to look at price action like this and train yourself
7 00:01:06,240 --> 00:01:14,160 to see these types of moves. And don't be afraid of selling right into that. Okay, it looks bullish right now, it looks crazy looks like you know, it's a
8 00:01:14,160 --> 00:01:21,300 break in market structure. A lot of folks that use my information, they'll say that this is probably one of those optimal trade entry buys, in fact, as a
9 00:01:21,300 --> 00:01:32,700 scalp, it would be, but you got to know what it's most likely going to do. And what's really gonna be targeting, the algorithm will want to reprice and go to a
10 00:01:32,700 --> 00:01:41,850 specific, larger liquidity pool. Okay, and I'm going to make note of that in a moment here. But for now, look at what price looks like right there. Okay,
11 00:01:42,360 --> 00:01:51,240 that's what it looks like. As a short, it does not feel like a short when you watch it like this, it does not feel safe to be selling that it looks like it
12 00:01:51,240 --> 00:02:00,930 wants to run up and go right for my stop loss. You got to trust the fact that when the market does these intraday retracements, in the higher timeframe daily
13 00:02:00,930 --> 00:02:13,860 chart is implying it wants to go lower, it's going to do what seek the stops, or the movement towards the daily lows. I'm highlighting that here. And I'm telling
14 00:02:13,860 --> 00:02:23,940 you where it's going to be reaching for us as a self stops. So this is a simple little ICT, London, close kill zone trade, you don't see too many of those. But
15 00:02:24,330 --> 00:02:37,830 the second set up just happen to form late in the New York session, and then close time period. So I'm already positioned. And admittedly, I'm recording this
16 00:02:37,830 --> 00:02:48,150 and it's been compressed at a very high rate of speed, for playback purposes, otherwise, it'd be very long video. So it made me very tired during this, okay,
17 00:02:48,390 --> 00:02:57,570 I keep going back and forth to the charts. And I'm closing my eyes, kind of like you do when you're driving tired, you know, you shouldn't be doing it. But I was
18 00:02:57,570 --> 00:03:10,350 closing my eyes tell myself, I'm going to not off if I keep doing this. But keep doing it, keep doing it. And I'm watching that sell stop area. Okay, and I'm
19 00:03:10,350 --> 00:03:19,740 thinking, if it trades down to that level, hopefully I'll see price print at 117 25. I'll collapse a portion off, I'll take one lot off as you can see me
20 00:03:19,740 --> 00:03:35,100 doing that. almost fell asleep there. Okay, now I have it set again. And then it's not off. Absolutely not off. And when I come back to the chart, this is
21 00:03:35,100 --> 00:03:43,650 what happens. If I run down below it, I missed the real good opportunity. So I scaled off one. And you can see that I'm going to go and actually go into the
22 00:03:43,650 --> 00:03:55,080 account history, you can see go be applied to the chart after adjustment stop. And I'll go over and try to hopefully see if I'm finesse another portion of the
23 00:03:55,080 --> 00:04:04,860 trade off. But it doesn't do that. And my stop stays where it's at now. And it doesn't give me another opportunity to do anything better than what you saw me
24 00:04:04,860 --> 00:04:19,350 exit with. So it does go down to where I was calling for in the charts. You see they're perfectly 10 pips below the core institutional price of 1735. Okay, and
25 00:04:20,040 --> 00:04:29,610 beautiful, beautiful symmetry for that intraday price swing. Now as a day trade. It wasn't as precise as I would like it to be because life got in the way.
26 00:04:29,910 --> 00:04:39,150 Fatigue got in the way. And I took a portion off here just to protect myself from getting a full stop out at the remaining balance and you can see that here
27 00:04:39,150 --> 00:04:48,300 so funded myself a little bit more. I was hoping it would roll over a little bit more didn't do it. So I have to be proactive and take something off and pay the
28 00:04:48,300 --> 00:05:01,590 position. And ultimately it comes up and stops me out on the last portion and I could be angry I could be in disappointed spend the rest of the day complaining
29 00:05:01,590 --> 00:05:10,230 about it and you be upset or I can say, You know what? The trade panned out, like I liked to have seen. I was able to execute on it, take something
30 00:05:10,230 --> 00:05:13,740 profitable. And with that, I wish you good luck and good trading.