Skip to Content
Version 1.1 by Drunk Monkey on 2020-12-09 05:25
Show last authors
1 {{{1
2 00:00:16,529 --> 00:00:34,679
3 ICT: Okay, what do you see? All right, this is an optimal trade entry, long
4 setup at the point of inception. Okay. All right before we begin, it's important
5
6 2
7 00:00:34,679 --> 00:00:48,239
8 that we go through the things that aren't terribly important to pay no attention
9 to the stop run here, which is a bullish breaker, ICT bullish breaker pattern.
10
11 3
12 00:00:49,799 --> 00:01:01,289
13 Okay, so paint a pay no attention to the fact that this provides another
14 opportunity. That's not the scope of our discussion, even though it's worthwhile
15
16 4
17 00:01:01,289 --> 00:01:14,669
18 discussion. We're looking at this price movement here, and a break of the short
19 term high. And we'll see that here. You can see that happening right here with
20
21 5
22 00:01:14,699 --> 00:01:25,079
23 the market structure break. Once it trades above this short term high here, it
24 says some alert for optimal trade entry, Long's price trades down into the
25
26 6
27 00:01:25,079 --> 00:01:33,599
28 optimal trade entry. And here it does wick through a little bit here, but your
29 stop is going to be at the low. So there's your risk. So if that's your risk, or
30
31 7
32 00:01:33,599 --> 00:01:46,079
33 if you use any portion of the optimal trade entry in here, that's certainly
34 better than 22131, if you want to reach for the price extension in here, now I'm
35
36 8
37 00:01:46,079 --> 00:01:56,009
38 gonna show you what this one is, this is actually a 200 extension. So in other
39 words, if we have a range that fine from this low to this high, and that range
40
41 9
42 00:01:56,039 --> 00:02:03,989
43 Do you duplicate or added to this high, but take us up to here, which gives us a
44 symmetrical price swing, and if we do two of them, that takes us up to here, it
45
46 10
47 00:02:03,989 --> 00:02:14,399
48 gives us a projection high of 7679. And scrolling over here a little bit, you
49 can see that's the actual high of the day, and you can see the actually posts
50
51 11
52 00:02:14,399 --> 00:02:26,999
53 here 0.7679 to the pet baby. Alright, so back to this breaker. I just want to
54 throw this in here just to get you guys all worked up into a froth again. If we
55
56 12
57 00:02:26,999 --> 00:02:41,189
58 look at a default chart again, and it's good, right, Michael? All right. And we
59 used the high here, which is ICT bullish breaker, which we'll learn about that
60
61 13
62 00:02:41,189 --> 00:02:52,259
63 in my my ICT tutorials. That way you guys can look forward to having that
64 information as well. If we take this low and projected up to the high right
65
66 14
67 00:02:52,259 --> 00:03:06,719
68 there. Now this is a by a bullish ICT breaker. And if we add our Fibonacci to
69 the low or retest retest of the bullish ICT breaker, this is the range. So we
70
71 15
72 00:03:06,719 --> 00:03:16,349
73 would take us up to this first target here. And you can see that handsomely does
74 that as well. Okay, so there's a lot of confluences of certain repeating
75
76 16
77 00:03:16,349 --> 00:03:25,169
78 phenomenon that overlap. But that's what you would expect if price was really
79 engineered in terms of precision now, wouldn't it? Okay, until next time, wish
80
81 17
82 00:03:25,169 --> 00:03:26,669
83 good luck and good trading.
84 }}}