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.