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Last modified by Drunk Monkey on 2021-06-11 13:11
From version 1.1
edited by Drunk Monkey
on 2020-12-09 05:29
Change comment: There is no comment for this version
To version 3.1
edited by Drunk Monkey
on 2021-06-11 13:11
Change comment: There is no comment for this version

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1 -1
2 -00:00:12,300 ~-~-> 00:00:24,630
3 -ICT: Okay, folks, good afternoon, just a few observations and some commentary on
4 -the dollar CAD. And as you know, yesterday, we went through the previous day's
1 +(% class="hover min" %)
2 +|1 |00:00:12,300 ~-~-> 00:00:24,630 |ICT: Okay, folks, good afternoon, just a few observations and some commentary on the dollar CAD. And as you know, yesterday, we went through the previous day's
3 +|2 |00:00:24,750 ~-~-> 00:00:44,100 |run here on the high side that ran rapid run up into the 128 20 level. And I want to take a look at what we see just here. Okay? You're going to see this in
4 +|3 |00:00:44,100 ~-~-> 00:01:02,880 |my tutorials. This is a consolidation. Okay, price, lease consolidation, re accumulation, regulation, smart money reversal, low risk, sell, redistribution,
5 +|4 |00:01:03,630 ~-~-> 00:01:17,820 |another area of redistribution, additional area of distribution, and a sloppy one here. Okay, and we're back down into the consolidation. Now, it looks as if
6 +|5 |00:01:17,820 ~-~-> 00:01:31,380 |it wants to go down below the previous day's low, which is here. Okay, and I wasn't that optimistic today. Given the symmetry of the market, I talked about
7 +|6 |00:01:31,380 ~-~-> 00:01:43,920 |this today in on Twitter rather. But we are potentially in an area where we could see it so often, one time, I just throw this on here just for completeness
8 +|7 |00:01:43,920 ~-~-> 00:01:58,830 |sake. Okay, so we have this level here, it could come down to Tara two's here. And then a symmetrical price swing takes us right below previous day's low. So
9 +|8 |00:01:58,830 ~-~-> 00:02:13,830 |I'll give you that to watch overnight, because I'm not gonna be able to, whoops, I'm not gonna be able to watch this with you every step of the way, but 126 96
10 +|9 |00:02:14,550 ~-~-> 00:02:31,980 |that's potentially not nother level of liquidity it could run for and want to take a look at the market and put the lipstick on for today I want to show you
11 +|10 |00:02:31,980 ~-~-> 00:02:44,280 |what I did in dollar CAD today. So you can see the markup and where ideal and optimal once of entry and targeting has manifested itself today. Okay, so here
12 +|11 |00:02:44,280 ~-~-> 00:02:59,370 |we have the dollar CAD, and you can see the at midnight, adjusted for daylight savings time now. I do have my kill zones, encompassing the entire my normalized
13 +|12 |00:02:59,820 ~-~-> 00:03:09,240 |kill zone, which encompasses one o'clock in the morning, New York time to 5am New York time. Okay, that's my London kill zone. And it's all referenced in New
14 +|13 |00:03:09,240 ~-~-> 00:03:19,620 |York time. Alright, so you can see, we have this price swing here, right here. So a nice drop down price because some consolidation as you typically would
15 +|14 |00:03:19,620 ~-~-> 00:03:36,570 |expect, in the Asian range, we have a nice little pop up right after midnight, New York time, this return up into optimal trade entry 127 74. And you can see
16 +|15 |00:03:36,570 ~-~-> 00:03:50,070 |that didn't get very much deeper than that. So the London setup, you can see this high, dropping down, then coming right back up into here. And what I'll do
17 +|16 |00:03:50,070 ~-~-> 00:03:57,990 |is I'll take this one, then this is the one I used for the framework on the trade. But this is another setup that I used later in the day for targeting
18 +|17 |00:03:57,990 ~-~-> 00:04:13,080 |purposes. And I'll show you what I mean in a second. Okay, so we are right on that low here. And this candle is high. Okay, so we have price again trading up
19 +|18 |00:04:13,080 ~-~-> 00:04:24,930 |into optimal trade entry 60 to 70% retracement level overshot a little bit here, and it's okay, when the bodies are certainly respecting that area of high
20 +|19 |00:04:24,930 ~-~-> 00:04:39,210 |probability entry. And I want to take you to the 200 extension down here. Okay, and that's in addition to running below these lows, okay, so that's what this
21 +|20 |00:04:39,210 ~-~-> 00:04:50,700 |move is here. So as prices driving down, I wanted to capture that move there. So around 200% and below that low. That's where I want to see the market reach for
22 +|21 |00:04:51,360 ~-~-> 00:05:03,540 |and this one here was to simply again around the low end intraday low in participation that I may not get the 200 extension Okay, so there are several
23 +|22 |00:05:03,660 ~-~-> 00:05:11,160 |levels in the add this right back over to here, you can see how that contrasts with the projections on the fib.
24 +|23 |00:05:12,060 ~-~-> 00:05:22,620 |On this particular swing. Okay, you can see right below the symmetrical price swing that says exit here. And then we have terminal extension down here, which
25 +|24 |00:05:22,650 ~-~-> 00:05:37,800 |is very close to the previous day's blow. You can see that over here. It's been delineated with that. Okay, so not a bad little decline on dollar CAD, it was
26 +|25 |00:05:37,800 ~-~-> 00:05:51,720 |rather muddy. The New York session gave a really poor showing in here, I know that there's a few of you that probably wanted to capitalize on this. And you
27 +|26 |00:05:51,750 ~-~-> 00:06:00,510 |may have entered here and they'd gotten stopped out and that's okay. There's nothing wrong with that. I mean, if you if you did it, you know, it's a learning
28 +|27 |00:06:00,870 ~-~-> 00:06:13,140 |experience because real quick, I'll just breeze through it you can see that the eurodollar intraday today rather sloppy, no real direction in this pair. And the
29 +|28 |00:06:14,040 ~-~-> 00:06:26,160 |cable has been able to drop lower and and now he got into consolidation. So that's gonna be promoting a long euro pound. And I think Yeah, your account here
30 +|29 |00:06:26,190 ~-~-> 00:06:36,540 |euro pound, it's bullish for that type of price action, European consolidated and cable being able to drop in dollar index real quick, you can see that it's
31 +|30 |00:06:36,540 ~-~-> 00:06:47,310 |been in the mud. Okay, so really, really tough market, the trading today. So you had to know what you're looking for. And one could argue that this high down
32 +|31 |00:06:47,310 ~-~-> 00:06:54,840 |here, this could have been optimal trade entry, maybe. But I think personally just want to stop. Yeah. So no matter how you slice it, whether you did this one
33 +|32 |00:06:54,960 ~-~-> 00:07:03,930 |as itself, or here in New York, cross over to London close, that probably would have burned you a little bit. And because of the market conditions, I was
34 +|33 |00:07:03,960 ~-~-> 00:07:12,060 |unwilling to hold for previous day's low. Okay, so I know some of you're gonna be Oh, well, you know, this isn't a swing pattern, you told me blah, blah, blah,
35 +|34 |00:07:12,060 ~-~-> 00:07:26,940 |yo, yo, yo. Let me real quickly take you out to the daily chart. Okay, and I'll give you an idea that what I was looking at, because we're in consolidation, the
36 +|35 |00:07:26,940 ~-~-> 00:07:34,980 |markets are not trending. So you have to know your, your, your levels, you have to know what it is you're trading off of why you're looking to see it move as
37 +|36 |00:07:34,980 ~-~-> 00:07:50,940 |you would. So everyone understands by looking at the ICT sniper trading series, the scout sniper field training guide series that did for waterblock entry. This
38 +|37 |00:07:50,940 ~-~-> 00:08:02,310 |is a bearish order block price change up into it yesterday. Okay, and you know what I did with the dollar CAD in response to this maneuver here. But if we hit
39 +|38 |00:08:02,310 ~-~-> 00:08:11,190 |a bearish order block, and we're in consolidation, it probably means that we're either going to continuously go sideways, or we might even try to reach it go a
40 +|39 |00:08:11,190 ~-~-> 00:08:21,270 |little bit lower. And that was really the only basis I used in addition to the market maker sell profile that you can see
41 +|40 |00:08:28,380 ~-~-> 00:08:38,550 |with a consolidation, small reversal, low risk cell distribution, redistribution, another area distribution in here and this could wind up pushing
42 +|41 |00:08:38,550 ~-~-> 00:08:48,510 |us down below the consolidation, which is over here, and this would be the low from one day. Okay, so we have two areas of liquidity that we may still probe
43 +|42 |00:08:48,780 ~-~-> 00:08:57,480 |that means yesterday's low, and in Monday's low as well. It doesn't mean that it has to go down that low. It can go right from here to trade higher, which is the
44 +|43 |00:08:57,480 ~-~-> 00:09:05,010 |reason why I was unwilling to hold for anything lower. So if you found this insightful until tomorrow wish good luck and good trading
5 5  
6 -2
7 -00:00:24,750 ~-~-> 00:00:44,100
8 -run here on the high side that ran rapid run up into the 128 20 level. And I
9 -want to take a look at what we see just here. Okay? You're going to see this in
10 -
11 -3
12 -00:00:44,100 ~-~-> 00:01:02,880
13 -my tutorials. This is a consolidation. Okay, price, lease consolidation, re
14 -accumulation, regulation, smart money reversal, low risk, sell, redistribution,
15 -
16 -4
17 -00:01:03,630 ~-~-> 00:01:17,820
18 -another area of redistribution, additional area of distribution, and a sloppy
19 -one here. Okay, and we're back down into the consolidation. Now, it looks as if
20 -
21 -5
22 -00:01:17,820 ~-~-> 00:01:31,380
23 -it wants to go down below the previous day's low, which is here. Okay, and I
24 -wasn't that optimistic today. Given the symmetry of the market, I talked about
25 -
26 -6
27 -00:01:31,380 ~-~-> 00:01:43,920
28 -this today in on Twitter rather. But we are potentially in an area where we
29 -could see it so often, one time, I just throw this on here just for completeness
30 -
31 -7
32 -00:01:43,920 ~-~-> 00:01:58,830
33 -sake. Okay, so we have this level here, it could come down to Tara two's here.
34 -And then a symmetrical price swing takes us right below previous day's low. So
35 -
36 -8
37 -00:01:58,830 ~-~-> 00:02:13,830
38 -I'll give you that to watch overnight, because I'm not gonna be able to, whoops,
39 -I'm not gonna be able to watch this with you every step of the way, but 126 96
40 -
41 -9
42 -00:02:14,550 ~-~-> 00:02:31,980
43 -that's potentially not nother level of liquidity it could run for and want to
44 -take a look at the market and put the lipstick on for today I want to show you
45 -
46 -10
47 -00:02:31,980 ~-~-> 00:02:44,280
48 -what I did in dollar CAD today. So you can see the markup and where ideal and
49 -optimal once of entry and targeting has manifested itself today. Okay, so here
50 -
51 -11
52 -00:02:44,280 ~-~-> 00:02:59,370
53 -we have the dollar CAD, and you can see the at midnight, adjusted for daylight
54 -savings time now. I do have my kill zones, encompassing the entire my normalized
55 -
56 -12
57 -00:02:59,820 ~-~-> 00:03:09,240
58 -kill zone, which encompasses one o'clock in the morning, New York time to 5am
59 -New York time. Okay, that's my London kill zone. And it's all referenced in New
60 -
61 -13
62 -00:03:09,240 ~-~-> 00:03:19,620
63 -York time. Alright, so you can see, we have this price swing here, right here.
64 -So a nice drop down price because some consolidation as you typically would
65 -
66 -14
67 -00:03:19,620 ~-~-> 00:03:36,570
68 -expect, in the Asian range, we have a nice little pop up right after midnight,
69 -New York time, this return up into optimal trade entry 127 74. And you can see
70 -
71 -15
72 -00:03:36,570 ~-~-> 00:03:50,070
73 -that didn't get very much deeper than that. So the London setup, you can see
74 -this high, dropping down, then coming right back up into here. And what I'll do
75 -
76 -16
77 -00:03:50,070 ~-~-> 00:03:57,990
78 -is I'll take this one, then this is the one I used for the framework on the
79 -trade. But this is another setup that I used later in the day for targeting
80 -
81 -17
82 -00:03:57,990 ~-~-> 00:04:13,080
83 -purposes. And I'll show you what I mean in a second. Okay, so we are right on
84 -that low here. And this candle is high. Okay, so we have price again trading up
85 -
86 -18
87 -00:04:13,080 ~-~-> 00:04:24,930
88 -into optimal trade entry 60 to 70% retracement level overshot a little bit here,
89 -and it's okay, when the bodies are certainly respecting that area of high
90 -
91 -19
92 -00:04:24,930 ~-~-> 00:04:39,210
93 -probability entry. And I want to take you to the 200 extension down here. Okay,
94 -and that's in addition to running below these lows, okay, so that's what this
95 -
96 -20
97 -00:04:39,210 ~-~-> 00:04:50,700
98 -move is here. So as prices driving down, I wanted to capture that move there. So
99 -around 200% and below that low. That's where I want to see the market reach for
100 -
101 -21
102 -00:04:51,360 ~-~-> 00:05:03,540
103 -and this one here was to simply again around the low end intraday low in
104 -participation that I may not get the 200 extension Okay, so there are several
105 -
106 -22
107 -00:05:03,660 ~-~-> 00:05:11,160
108 -levels in the add this right back over to here, you can see how that contrasts
109 -with the projections on the fib.
110 -
111 -23
112 -00:05:12,060 ~-~-> 00:05:22,620
113 -On this particular swing. Okay, you can see right below the symmetrical price
114 -swing that says exit here. And then we have terminal extension down here, which
115 -
116 -24
117 -00:05:22,650 ~-~-> 00:05:37,800
118 -is very close to the previous day's blow. You can see that over here. It's been
119 -delineated with that. Okay, so not a bad little decline on dollar CAD, it was
120 -
121 -25
122 -00:05:37,800 ~-~-> 00:05:51,720
123 -rather muddy. The New York session gave a really poor showing in here, I know
124 -that there's a few of you that probably wanted to capitalize on this. And you
125 -
126 -26
127 -00:05:51,750 ~-~-> 00:06:00,510
128 -may have entered here and they'd gotten stopped out and that's okay. There's
129 -nothing wrong with that. I mean, if you if you did it, you know, it's a learning
130 -
131 -27
132 -00:06:00,870 ~-~-> 00:06:13,140
133 -experience because real quick, I'll just breeze through it you can see that the
134 -eurodollar intraday today rather sloppy, no real direction in this pair. And the
135 -
136 -28
137 -00:06:14,040 ~-~-> 00:06:26,160
138 -cable has been able to drop lower and and now he got into consolidation. So
139 -that's gonna be promoting a long euro pound. And I think Yeah, your account here
140 -
141 -29
142 -00:06:26,190 ~-~-> 00:06:36,540
143 -euro pound, it's bullish for that type of price action, European consolidated
144 -and cable being able to drop in dollar index real quick, you can see that it's
145 -
146 -30
147 -00:06:36,540 ~-~-> 00:06:47,310
148 -been in the mud. Okay, so really, really tough market, the trading today. So you
149 -had to know what you're looking for. And one could argue that this high down
150 -
151 -31
152 -00:06:47,310 ~-~-> 00:06:54,840
153 -here, this could have been optimal trade entry, maybe. But I think personally
154 -just want to stop. Yeah. So no matter how you slice it, whether you did this one
155 -
156 -32
157 -00:06:54,960 ~-~-> 00:07:03,930
158 -as itself, or here in New York, cross over to London close, that probably would
159 -have burned you a little bit. And because of the market conditions, I was
160 -
161 -33
162 -00:07:03,960 ~-~-> 00:07:12,060
163 -unwilling to hold for previous day's low. Okay, so I know some of you're gonna
164 -be Oh, well, you know, this isn't a swing pattern, you told me blah, blah, blah,
165 -
166 -34
167 -00:07:12,060 ~-~-> 00:07:26,940
168 -yo, yo, yo. Let me real quickly take you out to the daily chart. Okay, and I'll
169 -give you an idea that what I was looking at, because we're in consolidation, the
170 -
171 -35
172 -00:07:26,940 ~-~-> 00:07:34,980
173 -markets are not trending. So you have to know your, your, your levels, you have
174 -to know what it is you're trading off of why you're looking to see it move as
175 -
176 -36
177 -00:07:34,980 ~-~-> 00:07:50,940
178 -you would. So everyone understands by looking at the ICT sniper trading series,
179 -the scout sniper field training guide series that did for waterblock entry. This
180 -
181 -37
182 -00:07:50,940 ~-~-> 00:08:02,310
183 -is a bearish order block price change up into it yesterday. Okay, and you know
184 -what I did with the dollar CAD in response to this maneuver here. But if we hit
185 -
186 -38
187 -00:08:02,310 ~-~-> 00:08:11,190
188 -a bearish order block, and we're in consolidation, it probably means that we're
189 -either going to continuously go sideways, or we might even try to reach it go a
190 -
191 -39
192 -00:08:11,190 ~-~-> 00:08:21,270
193 -little bit lower. And that was really the only basis I used in addition to the
194 -market maker sell profile that you can see
195 -
196 -40
197 -00:08:28,380 ~-~-> 00:08:38,550
198 -with a consolidation, small reversal, low risk cell distribution,
199 -redistribution, another area distribution in here and this could wind up pushing
200 -
201 -41
202 -00:08:38,550 ~-~-> 00:08:48,510
203 -us down below the consolidation, which is over here, and this would be the low
204 -from one day. Okay, so we have two areas of liquidity that we may still probe
205 -
206 -42
207 -00:08:48,780 ~-~-> 00:08:57,480
208 -that means yesterday's low, and in Monday's low as well. It doesn't mean that it
209 -has to go down that low. It can go right from here to trade higher, which is the
210 -
211 -43
212 -00:08:57,480 ~-~-> 00:09:05,010
213 -reason why I was unwilling to hold for anything lower. So if you found this
214 -insightful until tomorrow wish good luck and good trading