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Version 1.1 by Drunk Monkey on 2020-12-09 05:25
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3 ICT: Good morning, folks. This is going to be a recording of my eurodollar long
4 scalp this morning. And start with the order block. Okay, that's what it looks
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8 like.
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12 You can
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16 train your eye to see it as it happens. Okay, and what I'm looking for is I'm
17 expecting the previous day's high to be ran out. You saw I was able to capture
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21 portion of that you see all the trade details to the left. But now I'm looking
22 for the liquidity resting above the 118 big trigger. And I believe it's going to
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26 start by run above 117 92. And I want to be a part of the move after the
27 retracement at 7am New York time. So it retraced a little bit trade down to a
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31 bullish ICT Orbach. And I'm waiting for expansion to occur, it means I want the
32 candles to start reaching for up to that 117 92 level, and then try to spread
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36 further and higher to see if there's any buy stops up there. Because folks have
37 looked at yesterday's movement at 1792. And I saw indicate and show you in this
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41 recording. There's a lot of supposedly retail sell signals that are going to be
42 seen in the indicators. And if you hear the background sound, I'm outside on my
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46 deck so you guys will have to pick up on some ambience in my neighborhood here.
47 So you're going to be seeing the market wants to come back down and retest this
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51 area here. Okay, you can see the first response, beautiful, beautiful reaction
52 off of the itt bullshitter block. And this is what you would come to expect by
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56 all the jawboning, you've heard me do in the past and my tutorials trying to
57 turn over a new leaf here and not be so arrogant, but I can't promise it won't
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61 come out once in a while. So here's the initial run on the intraday high, and
62 the market will still come back. it'll fall short rate before running out the
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66 previous day's high at 117 92. And whenever this happens on people, no previous
67 day's highs and lows they see it they you look at them as support resistance
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71 ideas. But many times are quick just sell short based on a indicator being
72 overbought over one over so overbought with some measure of some kind of a
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76 bearish divergence. And I'll show you a few of them in here. But the markets are
77 trade back down, just get down some news at 830. And what rate back down exactly
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81 to the ICT bush or block didn't go one PIP below it, it went right back down to
82 it again. So at the moment, right now this is a buy again. Now I'm not going to
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86 do it. But I'm showing you where again, went right back down to that same level.
87 And so nothing's changed in regards to where that bar should take place. But you
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91 can see here, bearish divergence retails all over that China sell short that
92 were bought to try to sell short, that's not the way to go. Okay, so take note.
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96 Everybody wants me to put on trading view my, my views, but this is dynamic with
97 me. When you're on social media with me and you're watching through my Twitter,
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101 you're actually seeing things as I see him and talk about him. So I can alert
102 you to what I'm paying attention to, which is far better in my opinion than
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106 anything on trading view would be trading views a static little chart that will
107 update later on. The markets are too dynamic, and you need to be nimble. Right,
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111 so the market starting to rally here and I have my orders set to take two off
112 above the previous day's high. So as soon as the market does eventually make its
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116 way above the previous day's high, I'm gonna scale two of the three standards
117 that I have one off, and then I'll be able to move my stop loss up to a point
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121 which he can't take a loss. Okay, now we're trading above it. So now I'm going
122 to want to be taking to those standard lots off. Okay, so now I only have one
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126 standard lot one and my stop loss has been moved to a position where I can no
127 longer weather a loss. Okay, so now I'm in a really good position to be in
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131 and looking for 1810 and my order at 1820 is in the event that it spikes in my
132 favorite now I'll kind of like want to give you a little tip here today. Many
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136 times we fear having our stop loss in the market or too close to the
137 marketplace. Today I shut up ultra tight because cable has been on a real tear
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141 going higher. And I just didn't trust the euro dollar did not mess around with
142 me during the New York session. So I want to keep profits locked in as close as
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146 I possibly could. I want really targeted the previous day's high anyway, so I
147 don't want to be messing around with the losing open profits based on you know,
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151 deeper retracements. I don't want to throw any kind of retracement. Now what I'm
152 looking for is the support to be found at the previous day's high. It does come
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156 down to it dips below just a little bit. And I make the mistake of putting the
157 stop loss a little too tight. But that's okay. Now one of the one things I
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161 mentioned on Twitter today was there's nothing better than taking first profit
162 and putting yourself in a position where it doesn't take you out below your
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166 entry. Or in case if you're shorting above your entry. In this case, I'm in a
167 good position, I'm in a sweet spot, if you will, because I really don't care if
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171 it stops me out. I'm not afraid of who's going to judge me on social media.
172 Because I basically call it a move that makes sense it's reaching for liquidity
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176 as a bank trader would be targeting. My way of trading is aligned with that it
177 doesn't agree with anything retail. So one of the things I really want to draw
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181 your attention away from is the necessity of using indicators. You can pick the
182 direction pretty consistently. And not only that direction, but you can pick
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186 locations where prices going. All these notations I've had in the chart here are
187 all based on what I teach, which I have been open about and public I won't be
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191 but the the interbank algorithm. Okay, what makes price go where it's going to
192 go. And I highlighted here before the fact so I don't want to put these types of
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196 things on trading view because like YouTube, everything is going to everyone's
197 going to mimic what I do and I made a brand for myself and I kind of like want
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201 to be unique. So you can see here my stock gets taken. And notice it once it
202 went higher one above my target 118 10 a little bit higher just fell short of
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206 1820 but hopefully you found this insightful, and I'll catch you guys next week.
207 This completes my ICT trading week for this week.