Wiki source code of ICT YT - 2017-10-29 - ICT Pattern Recognition Drill - OTE UsdJpy New York Session 102717.srt
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1 | 1 | ||
2 | 00:00:13,980 ~-~-> 00:00:31,560 | ||
3 | ICT: Okay, what do you see? Okay, this is an optimal trade entry short pattern | ||
4 | at the point of inception. All right. Now before we get into it, I want you to | ||
5 | |||
6 | 2 | ||
7 | 00:00:31,560 ~-~-> 00:00:42,960 | ||
8 | take no note of the bias that run here, pay no attention to that, you know, | ||
9 | attention to the fact that this is ICT breaker that ran those stops, and the | ||
10 | |||
11 | 3 | ||
12 | 00:00:42,960 ~-~-> 00:00:54,000 | ||
13 | level is exactly at 114 15. And the high of that candle comes in exactly at | ||
14 | 114 15. That's not what we're talking about. In this video here guys just wanted | ||
15 | |||
16 | 4 | ||
17 | 00:00:54,000 ~-~-> 00:01:08,460 | ||
18 | to pay no attention to that look at this pattern here. This is the optimal trade | ||
19 | entry. From a Fibonacci standpoint, swing high. Okay, so we're using the highest | ||
20 | |||
21 | 5 | ||
22 | 00:01:09,150 ~-~-> 00:01:22,590 | ||
23 | open or close down to the lowest bodied open or close in takes us right up into | ||
24 | 60% retracement level. Okay. And also look at the precision, ICT symmetrical | ||
25 | |||
26 | 6 | ||
27 | 00:01:22,590 ~-~-> 00:01:32,070 | ||
28 | price swing projection to the PIP one candle two candle three candle and | ||
29 | eventually even extends out in time Look how much time is spent at that level, | ||
30 | |||
31 | 7 | ||
32 | 00:01:32,070 ~-~-> 00:01:43,260 | ||
33 | he draw a horizontal line on that for you. With this, right there, you can see | ||
34 | how much time it's spent there. Now finally snap through it towards the close of | ||
35 | |||
36 | 8 | ||
37 | 00:01:43,260 ~-~-> 00:02:02,400 | ||
38 | the day. Okay, ultimately, outside the scope of a New York session. Optimal | ||
39 | trade entry. We have this one here and this is more of a London clothes setup. | ||
40 | |||
41 | 9 | ||
42 | 00:02:03,360 ~-~-> 00:02:12,060 | ||
43 | Okay, I'm just gonna add that for completeness sake, but I wanted to get a | ||
44 | snapshot of this so that we can have for your notes, screen capture that and | ||
45 | |||
46 | 10 | ||
47 | 00:02:12,060 ~-~-> 00:02:25,290 | ||
48 | then keep it in your study book. Okay, and I'll take it back out to a default | ||
49 | chart setup. And I'll show you what another pattern in here for optimal trade | ||
50 | |||
51 | 11 | ||
52 | 00:02:25,290 ~-~-> 00:02:35,760 | ||
53 | entry. So you didn't take this one here. Use this range down here to the lowest | ||
54 | body candle right here. It's not supposed to highlight that I'm sorry. Great. | ||
55 | |||
56 | 12 | ||
57 | 00:02:35,790 ~-~-> 00:02:47,550 | ||
58 | There you go. Okay, takes us right up into the 70.5. Sweet Spot. Okay. And first | ||
59 | objective would be down here and take off first profit or scaling right there. | ||
60 | |||
61 | 13 | ||
62 | 00:02:47,610 ~-~-> 00:02:53,250 | ||
63 | And that's going to be it for this example. Hopefully you found it insightful. | ||
64 | Until next time. I wish you good luck and good trading. |