ICT YT - 2017-10-29 - ICT Pattern Recognition Drill - OTE Gold New York Session 102717.srt

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ICT: Okay, so you guys got the picture, I'm not going to be doing that highlight
of blocking out where it is time consuming, and some of them are actually kind

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of tricky. So I got to go and do a lot of editing to cover up the actual Lucas
on just take off really explosive, which is this is the hallmark of the ICT

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optimal trade entry. That's what makes it optimal, it gives you volatility, it
gives you magnitude, it gives you impulsive price action, that's what you want.

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Okay, and that's how you know it's smart money behind it. So, again, the fib
doesn't do anything, just highlight specific things, that unfortunately, I can't

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go into great detail here. But you can see by itself, it's a lot of insight
alone. But for now, we're going to take a look at the gold market, I was going

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to do cable, and that's usually what I'm gonna be doing. On a day by day basis.
Go read this through and today, and please don't ask me to continuously add

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things because I'm not going to do what I want to do. It'll just hurt me if you
guys keep asking for more than I want to do. Believe me, you can do the same

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thing in your chart. Okay, just trust me, you're getting more than you need. And
so on gold, we're gonna be looking at a few little things here to bring up

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something else. You know, when we're looking at this chart, it's important to
pay no attention to this as well. This is a stop run in here. And this is the

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ICT bullish breaker. So this setup here, even if you didn't see the optimal
trade entry long, it's still an ICT bullish breaker. Okay, so this is all higher

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level timeframe. So supported. The long short is this reaction here is a double
whammy, if you will, because it has two of my higher learning principles and

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concepts, right the same time. Okay. So let's strip this and go right into the
nuts and bolts of what I'm going to show you, the price points are going to be

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this high on this candle here in this low and just so you guys can see it on a
conceptual standpoint, it would look like that. Okay, so as price hits this 62%

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tration level right there. That's all that would be necessary. You can go long
on that. And your fill will probably be somewhere up here, whatever long a short

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is, we would know these levels in advance. Okay. And ultimately, this one up
here. Okay, this is a 200 extension at 12 73.7. Okay, and the reason why we

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expect to see a nice move like that is because we've seen a breaker, they've
gone down taking stops below these equal lows. A lot of retail educators like to

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see this, they call this a double bottom or triple bottom in this case. And when
the market makers in the algorithm posts a rally away from that, it builds a lot

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of sentiment around this being significant support. And it's really not it's in
my group, we dub that as Candyland. They come down, they take the candy from

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those babies in the market runs away. Now watch what happens. Say you've taken
first profit here, scale something off, maybe you've taken something off here.

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Target one, target two and ultimately symmetrical price swing. But because it's
a breaker in addition to it, you know, there's probably going to be a large

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amount to move, but does it get there? No, no, not that doesn't doesn't do it
here. Okay, so now what we can do is we can take the fib off, okay, and we have

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an unrealized price objective up here of 12 73.7. We can do another fib on a
nother price swing here. Okay, so we take the low to the highest body, which is

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going to be mom, we just click right there on so you guys can see which one of
the one. Okay, so it's the lowest close, it could be open down as well guys,

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it's not the closest important factor, the highest body candle here in this
pricing. So we're getting the measurement of the bulk of the volume. Okay, so

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important. The reason why I'm doing it now the wigs. Now when I do projections
on targets, sometimes I will incorporate wicks, but you'll learn in tutorials,

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but for now I'm going to keep things germane and salient to the original rules.
We're just using the bodies of the candles. So now we have the symmetrical price

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swing up here. And we'll highlight that. That takes us at 12 73.8. Okay, not
much of a difference. Yeah, admittedly. But that is also an optimal trade entry

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right here at precision represent nice attrition level. And price. That's what
rallies away.

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Boom. That's it. And this is a nice round number 12, silly 4.0. Okay, really,
really nice price movement there. And you would use this one, because also, we

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have an unfulfilled price range here. And we also have this break in market
structure right there with this slightly higher high so that gives us an alert

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for optimal trade entry again, and boom, there it is in gold. And you've seen
all the other majors and people have already done that on my forum. Until next

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time, good luck and good luck.