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

Last modified by Drunk Monkey on 2021-06-11 13:19

1	00:00:13,980 --> 00:00:31,560	ICT: Okay, what do you see? Okay, this is an optimal trade entry short pattern at the point of inception. All right. Now before we get into it, I want you to
2	00:00:31,560 --> 00:00:42,960	take no note of the bias that run here, pay no attention to that, you know, attention to the fact that this is ICT breaker that ran those stops, and the
3	00:00:42,960 --> 00:00:54,000	level is exactly at 114 15. And the high of that candle comes in exactly at 114 15. That's not what we're talking about. In this video here guys just wanted
4	00:00:54,000 --> 00:01:08,460	to pay no attention to that look at this pattern here. This is the optimal trade entry. From a Fibonacci standpoint, swing high. Okay, so we're using the highest
5	00:01:09,150 --> 00:01:22,590	open or close down to the lowest bodied open or close in takes us right up into 60% retracement level. Okay. And also look at the precision, ICT symmetrical
6	00:01:22,590 --> 00:01:32,070	price swing projection to the PIP one candle two candle three candle and eventually even extends out in time Look how much time is spent at that level,
7	00:01:32,070 --> 00:01:43,260	he draw a horizontal line on that for you. With this, right there, you can see how much time it's spent there. Now finally snap through it towards the close of
8	00:01:43,260 --> 00:02:02,400	the day. Okay, ultimately, outside the scope of a New York session. Optimal trade entry. We have this one here and this is more of a London clothes setup.
9	00:02:03,360 --> 00:02:12,060	Okay, I'm just gonna add that for completeness sake, but I wanted to get a snapshot of this so that we can have for your notes, screen capture that and
10	00:02:12,060 --> 00:02:25,290	then keep it in your study book. Okay, and I'll take it back out to a default chart setup. And I'll show you what another pattern in here for optimal trade
11	00:02:25,290 --> 00:02:35,760	entry. So you didn't take this one here. Use this range down here to the lowest body candle right here. It's not supposed to highlight that I'm sorry. Great.
12	00:02:35,790 --> 00:02:47,550	There you go. Okay, takes us right up into the 70.5. Sweet Spot. Okay. And first objective would be down here and take off first profit or scaling right there.
13	00:02:47,610 --> 00:02:53,250	And that's going to be it for this example. Hopefully you found it insightful. Until next time. I wish you good luck and good trading.