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Last modified by Drunk Monkey on 2021-06-11 13:23
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2 |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
3 |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
4 |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
5 |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
6 |5 |00:00:47,340 ~-~-> 00:00:49,560 |final portion be taken off there.
7 |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
8 |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
9 |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
10 |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
11 |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,
12 |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
13 |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
14 |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
15 |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
16 |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
17 |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,
18 |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
19 |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
20 |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
21 |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
22 |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
23 |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
24 |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
25 |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
26 |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.
27 |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
28 |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
29 |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
30 |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
31 |30 |00:05:10,230 ~-~-> 00:05:13,740 |profitable. And with that, I wish you good luck and good trading.