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ICT YT - 2017-10-25 - Pattern Recognition - NYO Fiber Long Order Block and OTE.srt

Last modified by Drunk Monkey on 2021-06-11 13:22
1 00:00:03,629 --> 00:00:16,919 ICT: Good morning, folks. This is going to be a recording of my eurodollar long scalp this morning. And start with the order block. Okay, that's what it looks
2 00:00:16,919 --> 00:00:17,309 like.
3 00:00:17,640 --> 00:00:18,000 You can
4 00:00:18,210 --> 00:00:30,180 train your eye to see it as it happens. Okay, and what I'm looking for is I'm expecting the previous day's high to be ran out. You saw I was able to capture
5 00:00:30,390 --> 00:00:38,670 portion of that you see all the trade details to the left. But now I'm looking for the liquidity resting above the 118 big trigger. And I believe it's going to
6 00:00:38,670 --> 00:00:51,240 start by run above 117 92. And I want to be a part of the move after the retracement at 7am New York time. So it retraced a little bit trade down to a
7 00:00:51,660 --> 00:01:05,100 bullish ICT Orbach. And I'm waiting for expansion to occur, it means I want the candles to start reaching for up to that 117 92 level, and then try to spread
8 00:01:05,280 --> 00:01:15,570 further and higher to see if there's any buy stops up there. Because folks have looked at yesterday's movement at 1792. And I saw indicate and show you in this
9 00:01:15,570 --> 00:01:26,520 recording. There's a lot of supposedly retail sell signals that are going to be seen in the indicators. And if you hear the background sound, I'm outside on my
10 00:01:26,520 --> 00:01:38,070 deck so you guys will have to pick up on some ambience in my neighborhood here. So you're going to be seeing the market wants to come back down and retest this
11 00:01:38,070 --> 00:01:49,200 area here. Okay, you can see the first response, beautiful, beautiful reaction off of the itt bullshitter block. And this is what you would come to expect by
12 00:01:49,200 --> 00:02:02,160 all the jawboning, you've heard me do in the past and my tutorials trying to turn over a new leaf here and not be so arrogant, but I can't promise it won't
13 00:02:02,160 --> 00:02:12,960 come out once in a while. So here's the initial run on the intraday high, and the market will still come back. it'll fall short rate before running out the
14 00:02:13,110 --> 00:02:23,220 previous day's high at 117 92. And whenever this happens on people, no previous day's highs and lows they see it they you look at them as support resistance
15 00:02:23,220 --> 00:02:35,700 ideas. But many times are quick just sell short based on a indicator being overbought over one over so overbought with some measure of some kind of a
16 00:02:35,910 --> 00:02:46,680 bearish divergence. And I'll show you a few of them in here. But the markets are trade back down, just get down some news at 830. And what rate back down exactly
17 00:02:46,680 --> 00:02:58,050 to the ICT bush or block didn't go one PIP below it, it went right back down to it again. So at the moment, right now this is a buy again. Now I'm not going to
18 00:02:58,050 --> 00:03:09,990 do it. But I'm showing you where again, went right back down to that same level. And so nothing's changed in regards to where that bar should take place. But you
19 00:03:09,990 --> 00:03:22,410 can see here, bearish divergence retails all over that China sell short that were bought to try to sell short, that's not the way to go. Okay, so take note.
20 00:03:24,600 --> 00:03:32,970 Everybody wants me to put on trading view my, my views, but this is dynamic with me. When you're on social media with me and you're watching through my Twitter,
21 00:03:33,450 --> 00:03:43,410 you're actually seeing things as I see him and talk about him. So I can alert you to what I'm paying attention to, which is far better in my opinion than
22 00:03:44,550 --> 00:03:53,100 anything on trading view would be trading views a static little chart that will update later on. The markets are too dynamic, and you need to be nimble. Right,
23 00:03:53,100 --> 00:04:03,900 so the market starting to rally here and I have my orders set to take two off above the previous day's high. So as soon as the market does eventually make its
24 00:04:03,900 --> 00:04:13,020 way above the previous day's high, I'm gonna scale two of the three standards that I have one off, and then I'll be able to move my stop loss up to a point
25 00:04:13,020 --> 00:04:25,080 which he can't take a loss. Okay, now we're trading above it. So now I'm going to want to be taking to those standard lots off. Okay, so now I only have one
26 00:04:25,080 --> 00:04:34,710 standard lot one and my stop loss has been moved to a position where I can no longer weather a loss. Okay, so now I'm in a really good position to be in
27 00:04:35,970 --> 00:04:47,700 and looking for 1810 and my order at 1820 is in the event that it spikes in my favorite now I'll kind of like want to give you a little tip here today. Many
28 00:04:47,700 --> 00:04:59,430 times we fear having our stop loss in the market or too close to the marketplace. Today I shut up ultra tight because cable has been on a real tear
29 00:04:59,430 --> 00:05:08,130 going higher. And I just didn't trust the euro dollar did not mess around with me during the New York session. So I want to keep profits locked in as close as
30 00:05:08,130 --> 00:05:16,800 I possibly could. I want really targeted the previous day's high anyway, so I don't want to be messing around with the losing open profits based on you know,
31 00:05:17,160 --> 00:05:25,770 deeper retracements. I don't want to throw any kind of retracement. Now what I'm looking for is the support to be found at the previous day's high. It does come
32 00:05:25,770 --> 00:05:34,020 down to it dips below just a little bit. And I make the mistake of putting the stop loss a little too tight. But that's okay. Now one of the one things I
33 00:05:34,050 --> 00:05:43,980 mentioned on Twitter today was there's nothing better than taking first profit and putting yourself in a position where it doesn't take you out below your
34 00:05:43,980 --> 00:05:52,020 entry. Or in case if you're shorting above your entry. In this case, I'm in a good position, I'm in a sweet spot, if you will, because I really don't care if
35 00:05:52,020 --> 00:06:00,990 it stops me out. I'm not afraid of who's going to judge me on social media. Because I basically call it a move that makes sense it's reaching for liquidity
36 00:06:01,080 --> 00:06:10,770 as a bank trader would be targeting. My way of trading is aligned with that it doesn't agree with anything retail. So one of the things I really want to draw
37 00:06:10,770 --> 00:06:19,470 your attention away from is the necessity of using indicators. You can pick the direction pretty consistently. And not only that direction, but you can pick
38 00:06:19,500 --> 00:06:30,210 locations where prices going. All these notations I've had in the chart here are all based on what I teach, which I have been open about and public I won't be
39 00:06:30,690 --> 00:06:39,630 but the the interbank algorithm. Okay, what makes price go where it's going to go. And I highlighted here before the fact so I don't want to put these types of
40 00:06:39,630 --> 00:06:47,640 things on trading view because like YouTube, everything is going to everyone's going to mimic what I do and I made a brand for myself and I kind of like want
41 00:06:47,640 --> 00:06:57,720 to be unique. So you can see here my stock gets taken. And notice it once it went higher one above my target 118 10 a little bit higher just fell short of
42 00:06:57,750 --> 00:07:04,140 1820 but hopefully you found this insightful, and I'll catch you guys next week. This completes my ICT trading week for this week.