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Version 1.1 by Drunk Monkey on 2020-12-09 05:26
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3 ICT: What do you say? This is what optimal trade entry looks like at the time of
4 inception. Okay, so now you can see this high right here. I use this bodies open
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8 inside the swing. Why am I using that one because the highest one inside the
9 eye.
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13 And we're using the lowest body candle here. So this is our range. Okay, price
14 rallies up, everyone else is going to be afraid of this, but you can't be afraid
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18 of it, you have to step right in there and take it. Now, this is going to be
19 primarily for optimal trade entry. But for some of my other students, you'll see
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23 that this is also another entry for several other patterns and the overlap. And
24 just for clarity sake, just to get you guys all worked up until a froth right,
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28 so we have a bearish order block. Right there. Careful not to make it form fit,
29 the open is 116 21, the candles high comes in is exactly at 116 21. Precision,
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33 as promised, not to mention this down close candle right before this run up
34 taking out this short term high. This is an ICT breaker, that also when price
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38 returns back to that is also a sell or an upside target. And that also comes in
39 the form of 116 21. Exactly the same high here. Okay, there's a lot of precision
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43 in the stuff that I teach. But that's not the scope of this teaching, I just
44 want to throw that out there because a lot of my patterns overlap. And when
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48 there's confluences, like that makes it very strong. So let's take a look at
49 what the pattern looks like. So that way we can memorize it, what it looks like,
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53 and see it in its truest form. Okay, and there is the New York kill zone, ICD
54 kills him. And here's the price swing measured down as indicated. And this is
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58 where your entry would be inside the optimal trade entry. And your risk would be
59 up to this point here. Okay. Now on this example, and literally limiting it to
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63 this level, because I'm disregarding this wick, I want to look at this as a more
64 of a true or high than this wick in here. Now, you could elect to use that for
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68 your stop loss there. But for this example, for clarity, I like to use that,
69 whereas otherwise it would be actual high of the swing high. But that's your
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73 your risk. Okay. And the objective for scaling, profit is always going to be
74 where you project your fit to, and we have the lowest body price down here. From
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78 the sell off. Price trades down to it since since a lot of opportunity really to
79 take profits at that level. And notice it does not go any lower. This is the
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83 reason why scaling out makes greater sense than those individuals that will say
84 that's stupid or shouldn't be done. So shorting here, taking first profit here,
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88 moving your stop to a logical breakeven or locking in something. Eventually, the
89 market does trade back up to equilibrium, which we're not going to teach here as
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93 well. But it's a nice example of how taking partials at a logical level using
94 optimal trade entry makes perfect sense. Till next time, wish good luck and good
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98 trading.