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Version 1.1 by Drunk Monkey on 2020-12-09 05:26
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3 ICT: Okay, so you guys got the picture, I'm not going to be doing that highlight
4 of blocking out where it is time consuming, and some of them are actually kind
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8 of tricky. So I got to go and do a lot of editing to cover up the actual Lucas
9 on just take off really explosive, which is this is the hallmark of the ICT
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13 optimal trade entry. That's what makes it optimal, it gives you volatility, it
14 gives you magnitude, it gives you impulsive price action, that's what you want.
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18 Okay, and that's how you know it's smart money behind it. So, again, the fib
19 doesn't do anything, just highlight specific things, that unfortunately, I can't
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23 go into great detail here. But you can see by itself, it's a lot of insight
24 alone. But for now, we're going to take a look at the gold market, I was going
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28 to do cable, and that's usually what I'm gonna be doing. On a day by day basis.
29 Go read this through and today, and please don't ask me to continuously add
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33 things because I'm not going to do what I want to do. It'll just hurt me if you
34 guys keep asking for more than I want to do. Believe me, you can do the same
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38 thing in your chart. Okay, just trust me, you're getting more than you need. And
39 so on gold, we're gonna be looking at a few little things here to bring up
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43 something else. You know, when we're looking at this chart, it's important to
44 pay no attention to this as well. This is a stop run in here. And this is the
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48 ICT bullish breaker. So this setup here, even if you didn't see the optimal
49 trade entry long, it's still an ICT bullish breaker. Okay, so this is all higher
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53 level timeframe. So supported. The long short is this reaction here is a double
54 whammy, if you will, because it has two of my higher learning principles and
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58 concepts, right the same time. Okay. So let's strip this and go right into the
59 nuts and bolts of what I'm going to show you, the price points are going to be
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63 this high on this candle here in this low and just so you guys can see it on a
64 conceptual standpoint, it would look like that. Okay, so as price hits this 62%
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68 tration level right there. That's all that would be necessary. You can go long
69 on that. And your fill will probably be somewhere up here, whatever long a short
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73 is, we would know these levels in advance. Okay. And ultimately, this one up
74 here. Okay, this is a 200 extension at 12 73.7. Okay, and the reason why we
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78 expect to see a nice move like that is because we've seen a breaker, they've
79 gone down taking stops below these equal lows. A lot of retail educators like to
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83 see this, they call this a double bottom or triple bottom in this case. And when
84 the market makers in the algorithm posts a rally away from that, it builds a lot
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88 of sentiment around this being significant support. And it's really not it's in
89 my group, we dub that as Candyland. They come down, they take the candy from
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93 those babies in the market runs away. Now watch what happens. Say you've taken
94 first profit here, scale something off, maybe you've taken something off here.
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98 Target one, target two and ultimately symmetrical price swing. But because it's
99 a breaker in addition to it, you know, there's probably going to be a large
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103 amount to move, but does it get there? No, no, not that doesn't doesn't do it
104 here. Okay, so now what we can do is we can take the fib off, okay, and we have
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108 an unrealized price objective up here of 12 73.7. We can do another fib on a
109 nother price swing here. Okay, so we take the low to the highest body, which is
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113 going to be mom, we just click right there on so you guys can see which one of
114 the one. Okay, so it's the lowest close, it could be open down as well guys,
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118 it's not the closest important factor, the highest body candle here in this
119 pricing. So we're getting the measurement of the bulk of the volume. Okay, so
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123 important. The reason why I'm doing it now the wigs. Now when I do projections
124 on targets, sometimes I will incorporate wicks, but you'll learn in tutorials,
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128 but for now I'm going to keep things germane and salient to the original rules.
129 We're just using the bodies of the candles. So now we have the symmetrical price
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133 swing up here. And we'll highlight that. That takes us at 12 73.8. Okay, not
134 much of a difference. Yeah, admittedly. But that is also an optimal trade entry
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138 right here at precision represent nice attrition level. And price. That's what
139 rallies away.
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143 Boom. That's it. And this is a nice round number 12, silly 4.0. Okay, really,
144 really nice price movement there. And you would use this one, because also, we
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148 have an unfulfilled price range here. And we also have this break in market
149 structure right there with this slightly higher high so that gives us an alert
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153 for optimal trade entry again, and boom, there it is in gold. And you've seen
154 all the other majors and people have already done that on my forum. Until next
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158 time, good luck and good luck.