ICT YT - 2017-10-29 - ICT Pattern Recognition Drill - OTE AusUsd New York Session 102717.srt
Last modified by Drunk Monkey on 2021-06-11 13:22
| 1 | 00:00:16,529 --> 00:00:34,679 | ICT: Okay, what do you see? All right, this is an optimal trade entry, long setup at the point of inception. Okay. All right before we begin, it's important |
| 2 | 00:00:34,679 --> 00:00:48,239 | that we go through the things that aren't terribly important to pay no attention to the stop run here, which is a bullish breaker, ICT bullish breaker pattern. |
| 3 | 00:00:49,799 --> 00:01:01,289 | Okay, so paint a pay no attention to the fact that this provides another opportunity. That's not the scope of our discussion, even though it's worthwhile |
| 4 | 00:01:01,289 --> 00:01:14,669 | discussion. We're looking at this price movement here, and a break of the short term high. And we'll see that here. You can see that happening right here with |
| 5 | 00:01:14,699 --> 00:01:25,079 | the market structure break. Once it trades above this short term high here, it says some alert for optimal trade entry, Long's price trades down into the |
| 6 | 00:01:25,079 --> 00:01:33,599 | optimal trade entry. And here it does wick through a little bit here, but your stop is going to be at the low. So there's your risk. So if that's your risk, or |
| 7 | 00:01:33,599 --> 00:01:46,079 | if you use any portion of the optimal trade entry in here, that's certainly better than 22131, if you want to reach for the price extension in here, now I'm |
| 8 | 00:01:46,079 --> 00:01:56,009 | gonna show you what this one is, this is actually a 200 extension. So in other words, if we have a range that fine from this low to this high, and that range |
| 9 | 00:01:56,039 --> 00:02:03,989 | Do you duplicate or added to this high, but take us up to here, which gives us a symmetrical price swing, and if we do two of them, that takes us up to here, it |
| 10 | 00:02:03,989 --> 00:02:14,399 | gives us a projection high of 7679. And scrolling over here a little bit, you can see that's the actual high of the day, and you can see the actually posts |
| 11 | 00:02:14,399 --> 00:02:26,999 | here 0.7679 to the pet baby. Alright, so back to this breaker. I just want to throw this in here just to get you guys all worked up into a froth again. If we |
| 12 | 00:02:26,999 --> 00:02:41,189 | look at a default chart again, and it's good, right, Michael? All right. And we used the high here, which is ICT bullish breaker, which we'll learn about that |
| 13 | 00:02:41,189 --> 00:02:52,259 | in my my ICT tutorials. That way you guys can look forward to having that information as well. If we take this low and projected up to the high right |
| 14 | 00:02:52,259 --> 00:03:06,719 | there. Now this is a by a bullish ICT breaker. And if we add our Fibonacci to the low or retest retest of the bullish ICT breaker, this is the range. So we |
| 15 | 00:03:06,719 --> 00:03:16,349 | would take us up to this first target here. And you can see that handsomely does that as well. Okay, so there's a lot of confluences of certain repeating |
| 16 | 00:03:16,349 --> 00:03:25,169 | phenomenon that overlap. But that's what you would expect if price was really engineered in terms of precision now, wouldn't it? Okay, until next time, wish |
| 17 | 00:03:25,169 --> 00:03:26,669 | good luck and good trading. |