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Last modified by Drunk Monkey on 2021-06-11 13:41
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edited by Drunk Monkey
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To version 2.1
edited by Drunk Monkey
on 2021-06-11 13:41
Change comment: There is no comment for this version

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3 -ICT: Folks, give you a little bit of a amplification of the
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2 +|1 |00:00:10,710 ~-~-> 00:00:24,600 |ICT: Folks, give you a little bit of a amplification of the mastering high probability, scalping volumes, one, two, and three, the cable. And I'm just
3 +|2 |00:00:24,600 ~-~-> 00:00:39,330 |gonna remind you that the things I'm showing you here are not just hindsight lipstick actually executed on a number of these principles in these very pairs,
4 +|3 |00:00:39,330 ~-~-> 00:00:55,380 |and I'll show you the borders when the time is appropriate for each one, okay, so we're in the daily chart for the British Pound USD or cable, it's in a large
5 +|4 |00:00:55,380 ~-~-> 00:01:07,050 |trading range. Now, obviously, the daily bias concept at that time isn't going to be that favorable, but just simply looking at swing points. So you have to
6 +|5 |00:01:07,050 ~-~-> 00:01:18,690 |look for reversal patterns, and you find that with the hourly chart, so we dropped down into the alley. Okay, so we have an hourly chart here. And as I
7 +|6 |00:01:18,690 ~-~-> 00:01:36,990 |talk in volume three of my recent video series on scalping, we have an old low here on a 60 minute chart, price, should have willingness to really rally from
8 +|7 |00:01:36,990 ~-~-> 00:01:46,950 |there. When it came back down to it, we don't always know if a level is going to break just better the side with it. Not breaking and staying in the range,
9 +|8 |00:01:46,980 ~-~-> 00:01:59,040 |especially with the daily chart was suggesting in regards to British Pound USD staying in a larger trading range. So with this level here, we do not look for
10 +|9 |00:01:59,040 ~-~-> 00:02:07,230 |continuation lower, we are going to probably favor the side of the market, staying in the range. Okay, now, if it's staying inside the range, and this is
11 +|10 |00:02:07,230 ~-~-> 00:02:17,250 |going to be old support. Okay, revisited. If this is support, where should we take our focus, it's not about getting in, it's about where's the market most
12 +|11 |00:02:17,250 ~-~-> 00:02:27,570 |likely going to go? our attention should go immediately. Here we are. So if this is going to be support, our focus goes immediately back up to here, because this
13 +|12 |00:02:27,570 ~-~-> 00:02:37,890 |is what old resistance. Okay, so I'm keeping it very, very simple. But now, let's add one new dimension to it. If we see levels, like this that are very
14 +|13 |00:02:37,890 ~-~-> 00:02:48,090 |clean clean, by that definition is something I referred to as where a level just stays too uniform and too precise, horizontal support resistance doesn't like to
15 +|14 |00:02:48,090 ~-~-> 00:02:59,490 |stay intact like this. Okay, retail traders, less informed traders will see this, okay, and I'll say, well, price has shown a willingness to sell off there
16 +|15 |00:02:59,490 ~-~-> 00:03:07,020 |and when price gets in that area again, it starts to sell off. So what are you gonna think it's going to go lower. So what's going to be placed right above
17 +|16 |00:03:07,110 ~-~-> 00:03:22,470 |these highs, you got it by stops. So if we know that this is a likely turning point where price could bounce now this becomes a area where this same
18 +|17 |00:03:22,470 ~-~-> 00:03:34,410 |phenomenon here may take place but on the other end, lower support at a double bottom we're going to try to reach back up into the double top here's where an
19 +|18 |00:03:34,410 ~-~-> 00:03:44,010 |institutional mindset kicks in. If it's going to most likely not go lower, below this low it's going to go back up to here chances are it's probably going to
20 +|19 |00:03:44,010 ~-~-> 00:03:54,450 |reach for those individuals has already been short on the marketplace and it's going to attack their buy stops. Smart Money will buy down here and their
21 +|20 |00:03:54,450 ~-~-> 00:04:05,010 |objective will be to unseat those individuals to have buy stops on short positions resting in this area here. Now let's take a closer look at that
22 +|21 |00:04:05,010 ~-~-> 00:04:21,690 |specific price level. Okay, it comes in roughly 131 80 which will calibrate to that okay 131 80. If we trade up to the 3180 level, and it's expected to reach
23 +|22 |00:04:21,690 ~-~-> 00:04:34,920 |above that level, I teach that price generally will reach about 10 to 20 pips above a previous higher low now wants the numbers to the right of my mouse. Okay
24 +|23 |00:04:34,950 ~-~-> 00:04:46,440 |is 30 and 20. Okay, so now we have a level which we can anticipate price reaching up beyond to get these by stops. Okay, so now we can take this level
25 +|24 |00:04:47,010 ~-~-> 00:05:00,360 |and raise it right up to here. Okay, and we'll extend it out in time. See, price does in fact, reach up into that level rather handsomely. Now I could have
26 +|25 |00:05:00,360 ~-~-> 00:05:12,150 |easily just moved up 10 pips above that high. And that would have been enough as well. You can see
27 +|26 |00:05:13,679 ~-~-> 00:05:29,099 |what that does in terms of targeting. Okay. If you look at the level, this is suggesting it's 131 89 with 10 pips above that, I like to get out a little
28 +|27 |00:05:29,099 ~-~-> 00:05:39,299 |early, hence 131 at its institutional level, I know I'll get a really good exit on that. And there it was, I was not in for the last portion of the move up
29 +|28 |00:05:39,299 ~-~-> 00:05:51,209 |here, and it's not necessary. Okay. So I want to kind of like go back into a lower timeframe. And we'll go down to a 15 minute time frame. Next case. So here
30 +|29 |00:05:51,209 ~-~-> 00:06:02,549 |we have the 15 minute time frame on the British Pound USD or cable. And I'm going to address this area in here. This is the new york ICT kill zone game
31 +|30 |00:06:02,549 ~-~-> 00:06:14,609 |where we target the swing that usually comes in around between seven o'clock in the morning and nine o'clock in the morning, New York time. So we're going to
32 +|31 |00:06:14,609 ~-~-> 00:06:22,739 |assume that we are referencing the low here now you guys watch me actually trade this just for pips away from the actual low buying and long and had a target of
33 +|32 |00:06:22,739 ~-~-> 00:06:33,149 |131 80, which was given to you the day before this day even started trading. So I wanted to show you this past week, how it's for castable. It's predictable,
34 +|33 |00:06:33,449 ~-~-> 00:06:43,889 |and it repeats itself. And today, I will show you how much of a precision you can have with it. So we're looking at the cable and I want you to remember these
35 +|34 |00:06:43,889 ~-~-> 00:06:55,529 |levels, okay, 3190 and 3180. Okay, 3190 and 31 at 3190 is 10 pips above the highs in here for the buy stops and 3180 is essentially the institutional level
36 +|35 |00:06:55,919 ~-~-> 00:07:05,699 |that will be at this double top. Okay, double tops, I don't believe in I like to see them targeted, and double bottoms I don't believe in now, this is also now a
37 +|36 |00:07:05,699 ~-~-> 00:07:17,819 |target for a future opportunity, but not yet. Okay. So, we're gonna go down into a 15 minute timeframe, with lipstick on the chart where we can address certain
38 +|37 |00:07:17,819 ~-~-> 00:07:27,149 |things. Okay, here we have a 15 minute time frame and a little bit of ICT lipstick, if you will. This is how you want to attack your analysis. Okay, you
39 +|38 |00:07:27,149 ~-~-> 00:07:34,589 |want to have these types of things on your charts before you even consider taking trades. Well, organized trade execution starts by having a well
40 +|39 |00:07:34,589 ~-~-> 00:07:45,539 |documented reason for the trade to be even considered. And you have to have an exit strategy before you deploy, do not do this, you're going to be subject to
41 +|40 |00:07:45,539 ~-~-> 00:07:53,339 |the tug of war effect that takes place in your mind when price is going up and down. And you'll abandon a trade idea that you just willy nilly didn't too, if
42 +|41 |00:07:53,399 ~-~-> 00:08:02,879 |you see these types of things in your chart before you actually engage, it'll be harder for you to abandon the idea and far easier for you to stay committed to
43 +|42 |00:08:02,879 ~-~-> 00:08:15,959 |it. So we're going to assume that we wake up at seven o'clock in the morning, New York time to look for a move that's going to be scalped for the New York
44 +|43 |00:08:15,959 ~-~-> 00:08:29,639 |session. And we can see that the London low is intact. At the time of the New York, ICT kill zone, we're going to move our marker over here. So now it starts
45 +|44 |00:08:29,639 ~-~-> 00:08:39,569 |our hunt for the setup. That takes place generally in the seven o'clock to nine o'clock in the morning, New York time again, that window opportunity is where
46 +|45 |00:08:39,569 ~-~-> 00:08:47,519 |you'll see the New York session swing. Alright, so now we're going to zoom in just a little bit. Okay, so now we have our chart zoomed in. And this is the
47 +|46 |00:08:47,519 ~-~-> 00:08:59,339 |beginning of the new york session. So we're gonna be anticipating retracement after 7am New York time and we're going to be using a low that's going to be
48 +|47 |00:08:59,399 ~-~-> 00:09:08,309 |referenced in the previous session, which is one. So if we start here and go back, sorry, looking backwards, we want to see a swing low. Okay, this is not so
49 +|48 |00:09:08,309 ~-~-> 00:09:17,879 |good. Okay, and keep going to the left. Boom, we have a swing low right there. Okay, so now it's also inside the London kill zone, which is this red area down
50 +|49 |00:09:17,879 ~-~-> 00:09:27,449 |here. If we add our fib start on a 15 minute time frame and then we can calibrate down to a five and what I'll show you today is a one minute chart.
51 +|50 |00:09:29,999 ~-~-> 00:09:40,169 |Okay, so we're showing the lowest body open or close to the highest body open or close prior to this drop down after 7am. We're measuring that retracement. As
52 +|51 |00:09:40,169 ~-~-> 00:09:53,219 |you can see, it nails it perfectly to the 79% retracement level as I define the fit. Now, right away. I want you to think if we're looking to go long, the idea
53 +|52 |00:09:53,219 ~-~-> 00:10:06,959 |is hinged on the fact that we're targeting by starts at 31 at 3182 3190 is the draw, it could go just 10 pips or just to the old, high and 3180. So between
54 +|53 |00:10:06,959 ~-~-> 00:10:13,289 |these two blue lines, that's where I want your mind focusing, okay, and we're gonna start looking for consequences to overlap.
55 +|54 |00:10:14,190 ~-~-> 00:10:23,070 |Now we have the entry pattern here, which is the least of importance. But this is where you would time it. And you would go long here, but we'll go with drop
56 +|55 |00:10:23,070 ~-~-> 00:10:33,960 |down until five minute chart in a minute. But right here, we can now start to engage entry pattern. So there's our 15 minute timeframe going in New York kill
57 +|56 |00:10:33,960 ~-~-> 00:10:54,270 |zone. So as our bi and with our fit, overlap like this, we can see that the Fed gives us a level right in here. For a target or extension, we will look for
58 +|57 |00:10:54,270 ~-~-> 00:11:04,200 |prices to get to 3180 to 3190. Now we're gonna drop down until five minute time frame and help give a little bit more precision. Okay, now we can see the fibs
59 +|58 |00:11:04,200 ~-~-> 00:11:12,090 |is a little bit off based on the visor to candles, and that's not going to change anything, okay, but we can further refine it down into this time frame.
60 +|59 |00:11:15,240 ~-~-> 00:11:30,600 |We can drop it down to the lowest body open or close to the highest body or close on the swing, which is here, right there. You can see nothing's really
61 +|60 |00:11:30,600 ~-~-> 00:11:41,730 |changed, all it did was moved it and migrated closer to the 70.5 level. Nothing wrong with that, and just adding more precision. But at this point here. Let's
62 +|61 |00:11:41,730 ~-~-> 00:11:53,340 |assume you missed this opportunity. Okay. But we believe based on what I'm sharing here, after that point of time, we're expecting price to get up into
63 +|62 |00:11:54,210 ~-~-> 00:12:02,280 |ondu. I'm not trying to highlight this specific price point for cherry picking, I'm looking at the end of this turning point down here and to the right of it.
64 +|63 |00:12:02,280 ~-~-> 00:12:13,530 |So that's all I'm doing in the highlighting area of price action all the way through the New York session went just a little bit, pass it on purpose, kinda
65 +|64 |00:12:13,530 ~-~-> 00:12:20,460 |through the entire range of this blue line down here. Okay, that's delineating time. So we're going to anticipate an entry down here and a target that should
66 +|65 |00:12:20,460 ~-~-> 00:12:36,360 |be reached. For the scalp, and we'll change this to light blue. Now be good. Okay, so now let's assume we missed this opportunity to go along, based on long
67 +|66 |00:12:36,360 ~-~-> 00:12:46,530 |and low potentially being in place. This is our setup for this scalp. trading in the direction that the London has created in the last day in power three
68 +|67 |00:12:46,680 ~-~-> 00:12:58,590 |phenomenon shouldn't be the open accumulation, manipulation, making a lot of the day and then rallying up in New York is going to be a continuation of classic by
69 +|68 |00:12:58,590 ~-~-> 00:13:07,680 |days, as I define it in my tutorials, we can see this error here is the best time to buy but let's assume we missed it. Let's drop down into a one minute
70 +|69 |00:13:07,680 ~-~-> 00:13:15,630 |chart and see what we can say okay, we have our British Pound set to a one minute chart. And here's our entry pattern we would have missed on the first hit
71 +|70 |00:13:15,750 ~-~-> 00:13:25,350 |no problem. We wait. Okay, if you know what you're looking for, the upside Target has not been reached for the day yet. Okay, we can look for a smaller
72 +|71 |00:13:25,350 ~-~-> 00:13:37,020 |little fractal of the same pattern that we use for optimal trade entry. And the fib is the body's lowest open or close up to the highest body open or close.
73 +|72 |00:13:37,710 ~-~-> 00:13:49,350 |Beautiful 70.5 level right there. entry and bang, it's beautifully right there. So you don't need to have the x you know the actual first time it hits. Once you
74 +|73 |00:13:49,350 ~-~-> 00:13:58,050 |know what you're looking for. You get a market structure break here. retracement rallies up so you can use a smaller time frame to get in and get in sync. Now
75 +|74 |00:13:58,050 ~-~-> 00:14:16,650 |obviously, we can use the same premise here. lowest body open or close to the highest body open and close which is here. Right there. Okay. And we can see
76 +|75 |00:14:16,650 ~-~-> 00:14:27,540 |this symmetrical price swing nails it perfectly right there. Okay, so you can use a woman I tried to get really, really fine tandoori swing during the time
77 +|76 |00:14:27,540 ~-~-> 00:14:36,450 |that Killzone hits it beautifully and bang delivery of perfect symmetrical price swing, just go to the eurodollar and take a look at that as well. Alright, we're
78 +|77 |00:14:36,450 ~-~-> 00:14:47,430 |looking to euro dollar is a daily chart. Now this is a little similar to cable, but we've had a swing low form after trading below an old low here and we
79 +|78 |00:14:47,430 ~-~-> 00:14:58,500 |created a nice big update. We have a swing low price has moved above this third candles high so now we're in buy mode for directional bias and we're gonna look
80 +|79 |00:14:58,500 ~-~-> 00:15:07,590 |at this trading day. On Friday to see how we can see how I had done pheidon outlined the euro dollar trade for New York and we're in a 15 minute time frame
81 +|80 |00:15:07,590 ~-~-> 00:15:12,810 |for the euro dollar. You can see that Thursday's trading in here, we had a high previous high,
82 +|81 |00:15:13,260 ~-~-> 00:15:22,740 |slightly lower high here, but look what happened price moves away and drops down during the London session. With that in mind does not not create that same
83 +|82 |00:15:22,740 ~-~-> 00:15:32,640 |pattern we just had in the British Pound USD. Yes, we're going to be resting above these two equal highs by stops. Okay, so we're going to put our horizontal
84 +|83 |00:15:32,640 ~-~-> 00:15:43,800 |line here, right on it. And we have the old high here bizstats will be resting just above these highs. And if the level is essentially 116 50 if it's
85 +|84 |00:15:43,800 ~-~-> 00:15:57,510 |essentially 116 50 it's double topping out. They're going to want to take price above that level 10 to 20 pips. So we're going to add our range of 10 to 20
86 +|85 |00:15:57,510 ~-~-> 00:16:02,940 |pips, very high level. There's 10
87 +|86 |00:16:08,039 ~-~-> 00:16:20,429 |right there, and then 2020
88 +|87 |00:16:20,429 ~-~-> 00:16:30,569 |pips right there. Okay. So what that means is, we're looking for that same phenomenon down here, during the London session. Friday creates the low of the
89 +|88 |00:16:30,569 ~-~-> 00:16:43,529 |day, and price runs through. Now it takes out this level here, initially, but then it retraces, did it go 10 pips above the high, not yet, not here. So
90 +|89 |00:16:43,529 ~-~-> 00:16:56,099 |looking for this retracement after 7am New York time, we're going to add our Fibonacci lowest open or close to the highest open or close right here. So we
91 +|90 |00:16:56,099 ~-~-> 00:17:11,459 |have our 62% retracement level here calling for a optimal trade entry long. And you can see that is here. So here's our entry based on ICT, New York open kill
92 +|91 |00:17:11,459 ~-~-> 00:17:26,879 |zone, change that color just to make it pop so you guys can see it. Okay, now in here, we're going to drop down into a five minute timeframe. But we're looking
93 +|92 |00:17:26,879 ~-~-> 00:17:42,599 |for specifically, these levels. Now I'm going to draw them on a chart with horizontal lines. And I'm going to change this to a thinner one, because that's
94 +|93 |00:17:42,599 ~-~-> 00:17:50,729 |the level where the buy stops would be resting just above, okay, and the two darker blue lines, they will be targets that we've reached for I want to drop
95 +|94 |00:17:50,729 ~-~-> 00:18:00,209 |down into a five minute Okay, here we have eurodollar on the five minute time frame. Again, this is the area where the biceps would be just above and I'll
96 +|95 |00:18:00,209 ~-~-> 00:18:15,089 |take that level off. And here's where I believe 10 pips above the level, and 20 pips above the level would be around those by stops. Now I gave 1680 as an
97 +|96 |00:18:15,089 ~-~-> 00:18:24,389 |objective. In the event it went as high as that, because it's institutional level. But because what I just showed you in this presentation, this is the
98 +|97 |00:18:24,389 ~-~-> 00:18:32,489 |reason why I took the trade off. So I'm going to kind of like segue into the opportunity of looking for moves that are already underway, we can see that
99 +|98 |00:18:32,489 ~-~-> 00:18:43,949 |happening here are calibrating the Fed based on the lowest open or close to the highest open or close here. You can see it comes right down into 60 80%.
100 +|99 |00:18:43,949 ~-~-> 00:19:01,769 |Reasonable right there. Okay, so we have a new york session, buying here, buying it this level, stop, it has to be below here. Never got in jeopardy at all. But
101 +|100 |00:19:01,769 ~-~-> 00:19:12,209 |as price started to rally away, and we were below this point here, since we're below this point here, you can be a buyer as I was on a down close candle. So
102 +|101 |00:19:12,209 ~-~-> 00:19:20,819 |taking price up into the area, I was hopefully trying to get into the 16 at level, but it didn't really give me an opportunity to do so. And I missed a very
103 +|102 |00:19:20,819 ~-~-> 00:19:29,759 |high candle. But as you can see not bad of an accent. Okay, so hopefully this has been insightful. And you've been able to at least add a little bit more to
104 +|103 |00:19:29,759 ~-~-> 00:19:38,879 |your understanding about how the market moves from one point to the other. The main takeaway is, you want to know where the markets going to be drawn to. Okay,
105 +|104 |00:19:38,909 ~-~-> 00:19:47,399 |and the liquidity above old highs and lows when there double tops and double bottoms are the easiest things to trade. That's the reason why I teach it not
106 +|105 |00:19:47,399 ~-~-> 00:19:53,609 |tutorials because it's the most generic thing that takes place in the marketplace. It's never going to stop working. It's always going to be there in
107 +|106 |00:19:53,609 ~-~-> 00:20:00,719 |the charts every single trading week and train your eye to look for those opportunities. You'll find all the journey in terms of trading The forex or any
108 +|107 |00:20:00,719 ~-~-> 00:20:04,739 |other asset class out there. Until next time, I wish you good luck and good trading
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7 -mastering high probability scalping volumes, one, two and
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11 -three. Present the cable. And I'm just gonna remind you that
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15 -the things I'm showing you here are not just hindsight
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19 -lipstick actually execute on a number of these principles in
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23 -these very pairs and I'll show you the orders when the time
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27 -is appropriate for each one. Okay, so we're in on the daily
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31 -chart for British Pound USD or cable. It's in a large
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35 -trading range. Now obviously, the daily bias concept that I
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39 -taught isn't going to be that favorable by just simply
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43 -looking at swing points. So you got to look for reversal
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47 -patterns and you find that with the hourly chart, so we
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51 -dropped down into the hourly. Okay, so we have an hourly
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55 -chart here. And it's I talk in volume three
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59 -of my
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63 -recent video series on scalping an old low here on 60 minute
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67 -chart, price, should have willingness to really rally from
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71 -there. When it came back down to it, we don't always know if
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75 -a level is going to break so it's better to side with it.
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79 -Not breaking and staying in the range, especially with the
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83 -daily chart was suggesting in regards to British Pound USD
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87 -staying in a larger trading range. So, with this level here,
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91 -we do not look for continuation lower We're going to
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95 -probably favor the side of the market, staying in the range.
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99 -Okay, now if it's staying inside the range, this is going to
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103 -be old support. Okay, revisited. If this is support, where
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107 -should we take our focus? It's not about getting in, it's
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111 -about where's the market most likely going to go? our
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115 -attention should go immediately. Here we are. So if this is
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119 -going to be support, our focus goes immediately back up to
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121 -31
122 -00:02:26,760 ~-~-> 00:02:30,120
123 -here, because this is what old resistance. Okay, so I'm
124 -
125 -32
126 -00:02:30,120 ~-~-> 00:02:33,870
127 -keeping it very, very simple. But now, let's add one new
128 -
129 -33
130 -00:02:33,870 ~-~-> 00:02:37,890
131 -dimension to it. If we see levels, like this that are very
132 -
133 -34
134 -00:02:37,890 ~-~-> 00:02:41,850
135 -clean, clean, by that definition, is something I refer to as
136 -
137 -35
138 -00:02:42,120 ~-~-> 00:02:44,850
139 -where a level just stays too uniform or too precise,
140 -
141 -36
142 -00:02:44,910 ~-~-> 00:02:50,190
143 -horizontal support resistance. doesn't like to stay intact
144 -
145 -37
146 -00:02:50,190 ~-~-> 00:02:53,850
147 -like this. Okay. retail traders, less informed traders will
148 -
149 -38
150 -00:02:53,850 ~-~-> 00:02:57,210
151 -see this, okay. And I'll say, well, price has shown a
152 -
153 -39
154 -00:02:57,210 ~-~-> 00:03:00,870
155 -willingness to sell off there and when price It's in that
156 -
157 -40
158 -00:03:00,870 ~-~-> 00:03:03,030
159 -area again, it starts to sell off. So you're gonna think
160 -
161 -41
162 -00:03:04,320 ~-~-> 00:03:06,630
163 -it's going to go lower. So what's going to be placed right
164 -
165 -42
166 -00:03:06,630 ~-~-> 00:03:16,200
167 -above these highs? You got it by stops. So if we know that
168 -
169 -43
170 -00:03:16,200 ~-~-> 00:03:20,250
171 -this is a likely turning point where price could bounce. Now
172 -
173 -44
174 -00:03:20,250 ~-~-> 00:03:24,510
175 -this becomes a area where this same phenomenon here may take
176 -
177 -45
178 -00:03:24,510 ~-~-> 00:03:27,930
179 -place. But on the other end, in other words support a double
180 -
181 -46
182 -00:03:27,930 ~-~-> 00:03:31,590
183 -bottom. We're going to try to reach back up into the double
184 -
185 -47
186 -00:03:31,590 ~-~-> 00:03:37,380
187 -top. Here's where an institutional mindset kicks in. It's
188 -
189 -48
190 -00:03:37,380 ~-~-> 00:03:41,520
191 -going to most likely not go lower, below this low. It's
192 -
193 -49
194 -00:03:41,520 ~-~-> 00:03:43,950
195 -going to go back up to here, chances are it's probably going
196 -
197 -50
198 -00:03:43,950 ~-~-> 00:03:47,010
199 -to reach for those individuals has already been short on the
200 -
201 -51
202 -00:03:47,010 ~-~-> 00:03:51,360
203 -marketplace, and it's going to attack their buy stops. Smart
204 -
205 -52
206 -00:03:51,360 ~-~-> 00:03:55,710
207 -Money will buy down here. And their objective will be to
208 -
209 -53
210 -00:03:55,740 ~-~-> 00:03:59,190
211 -unseat those individuals to have buy stops or short
212 -
213 -54
214 -00:03:59,190 ~-~-> 00:04:02,700
215 -positions. Arrest In this area here. Now let's take a closer
216 -
217 -55
218 -00:04:02,700 ~-~-> 00:04:10,200
219 -look at that specific price level. Okay, it comes in roughly
220 -
221 -56
222 -00:04:10,200 ~-~-> 00:04:17,010
223 -131 80 which will calibrate to that. Okay 131 80 if we trade
224 -
225 -57
226 -00:04:17,010 ~-~-> 00:04:22,200
227 -up to the 3180 level, and it's expected to reach above that
228 -
229 -58
230 -00:04:22,200 ~-~-> 00:04:28,500
231 -level, I teach that price generally will reach about 10 to
232 -
233 -59
234 -00:04:28,500 ~-~-> 00:04:32,880
235 -20 pips above a previous higher low. Now watch the numbers
236 -
237 -60
238 -00:04:32,880 ~-~-> 00:04:39,810
239 -to the right of my mouse. Okay, there's 30 and 20. Okay, so
240 -
241 -61
242 -00:04:39,810 ~-~-> 00:04:42,060
243 -now we have a level of which we can anticipate price
244 -
245 -62
246 -00:04:42,060 ~-~-> 00:04:45,540
247 -reaching up beyond the get these by stops. Okay, so now we
248 -
249 -63
250 -00:04:45,540 ~-~-> 00:04:52,710
251 -can take this level and raise it right up to here. Okay, and
252 -
253 -64
254 -00:04:52,710 ~-~-> 00:04:56,580
255 -we'll extend it out in time. You see, price does in fact,
256 -
257 -65
258 -00:04:56,580 ~-~-> 00:05:00,330
259 -reach up into that level rather handsomely. Now I could have
260 -
261 -66
262 -00:05:00,360 ~-~-> 00:05:05,760
263 -easily just moved up 10 pips above that high. And that would
264 -
265 -67
266 -00:05:05,760 ~-~-> 00:05:14,790
267 -have been enough as well. You can see what that does in
268 -
269 -68
270 -00:05:14,790 ~-~-> 00:05:23,550
271 -terms of targeting. Okay. If you look at the level, this is
272 -
273 -69
274 -00:05:23,580 ~-~-> 00:05:28,560
275 -suggesting it's 131 89 with 10 pips above that, I like to
276 -
277 -70
278 -00:05:28,560 ~-~-> 00:05:32,640
279 -get out a little early, hence 131 at its institutional
280 -
281 -71
282 -00:05:32,640 ~-~-> 00:05:35,340
283 -level, I know I'll get a really good exit on that. And there
284 -
285 -72
286 -00:05:35,340 ~-~-> 00:05:39,600
287 -was I was not in for the last portion of the move up here,
288 -
289 -73
290 -00:05:39,750 ~-~-> 00:05:43,830
291 -and it's not necessary. Okay. So I want to kind of like go
292 -
293 -74
294 -00:05:43,830 ~-~-> 00:05:49,230
295 -back into a lower timeframe. And we'll go down to a 15
296 -
297 -75
298 -00:05:49,230 ~-~-> 00:05:51,990
299 -minute time frame next. Okay, so here we have the 15 minute
300 -
301 -76
302 -00:05:51,990 ~-~-> 00:05:55,710
303 -time frame on the British Pound USD or cable. And I'm going
304 -
305 -77
306 -00:05:55,710 ~-~-> 00:06:01,470
307 -to address this area in here. This is the new york ICT kills
308 -
309 -78
310 -00:06:01,470 ~-~-> 00:06:06,990
311 -him. Okay, where we target the swing that usually comes in
312 -
313 -79
314 -00:06:06,990 ~-~-> 00:06:09,810
315 -around between seven o'clock in the morning and nine o'clock
316 -
317 -80
318 -00:06:09,810 ~-~-> 00:06:15,210
319 -in the morning New York time. So we're going to assume
320 -
321 -81
322 -00:06:15,510 ~-~-> 00:06:18,120
323 -that we are referencing the low here now you guys watch me
324 -
325 -82
326 -00:06:18,120 ~-~-> 00:06:20,610
327 -actually trade this just for pips away from the actual low,
328 -
329 -83
330 -00:06:20,970 ~-~-> 00:06:24,150
331 -buying it long and had a target of 131 80 which was given to
332 -
333 -84
334 -00:06:24,150 ~-~-> 00:06:27,900
335 -you the day before this day even started trading. So I
336 -
337 -85
338 -00:06:27,900 ~-~-> 00:06:31,740
339 -wanted to show you this past week, how it's for castable
340 -
341 -86
342 -00:06:32,160 ~-~-> 00:06:35,370
343 -it's predictable, and it repeats itself and today I will
344 -
345 -87
346 -00:06:35,370 ~-~-> 00:06:39,540
347 -show you how much of a precision you can have with it. So
348 -
349 -88
350 -00:06:40,080 ~-~-> 00:06:43,860
351 -we're looking at the cable and I want you to remember these
352 -
353 -89
354 -00:06:43,860 ~-~-> 00:06:51,480
355 -levels okay. 3190 and 3180. Okay, 3192 3180 3190 is 10 pips
356 -
357 -90
358 -00:06:51,480 ~-~-> 00:06:54,270
359 -above the highs in here for the buy stops and 3180 is
360 -
361 -91
362 -00:06:54,270 ~-~-> 00:06:57,300
363 -essentially the institutional level. That will be at this
364 -
365 -92
366 -00:06:57,330 ~-~-> 00:07:00,810
367 -double top. Okay, double tops. I don't believe I'd like to
368 -
369 -93
370 -00:07:00,810 ~-~-> 00:07:04,350
371 -see them targeted and double bottoms I don't believe in now
372 -
373 -94
374 -00:07:04,350 ~-~-> 00:07:08,220
375 -this is also now a target for a future opportunity, but not
376 -
377 -95
378 -00:07:08,220 ~-~-> 00:07:13,860
379 -yet. Okay. So, we're going to go down into a 15 minute time
380 -
381 -96
382 -00:07:13,860 ~-~-> 00:07:17,550
383 -frame with lipstick on the chart where we can address
384 -
385 -97
386 -00:07:17,550 ~-~-> 00:07:20,370
387 -certain things. Okay, here we have a 15 minute time frame, a
388 -
389 -98
390 -00:07:20,370 ~-~-> 00:07:24,360
391 -little bit of ICT lipstick, if you will. This is how you
392 -
393 -99
394 -00:07:24,360 ~-~-> 00:07:27,660
395 -want to attack your analysis. Okay, you want to have these
396 -
397 -100
398 -00:07:27,660 ~-~-> 00:07:29,850
399 -types of things on your charts before you even consider
400 -
401 -101
402 -00:07:29,850 ~-~-> 00:07:33,930
403 -taking trades. Well, organized trade execution starts by
404 -
405 -102
406 -00:07:33,930 ~-~-> 00:07:38,130
407 -having a well documented reason for the trade to be even
408 -
409 -103
410 -00:07:38,130 ~-~-> 00:07:41,310
411 -considered. And you have to have an exit strategy before you
412 -
413 -104
414 -00:07:41,310 ~-~-> 00:07:45,660
415 -deploy. Do not do this, you're going to be subject to the
416 -
417 -105
418 -00:07:45,660 ~-~-> 00:07:48,570
419 -tug of war effect that takes place in your mind when price
420 -
421 -106
422 -00:07:48,570 ~-~-> 00:07:51,210
423 -is going up and down. And you'll abandon trade idea that you
424 -
425 -107
426 -00:07:51,210 ~-~-> 00:07:54,510
427 -just willy nilly get into. If you see these types of things
428 -
429 -108
430 -00:07:54,510 ~-~-> 00:07:59,190
431 -in your chart before you actually engage. It'll be harder
432 -
433 -109
434 -00:07:59,220 ~-~-> 00:08:02,370
435 -for you to And then the idea and far easier for you to stay
436 -
437 -110
438 -00:08:02,370 ~-~-> 00:08:10,440
439 -committed to it. So we're going to assume that we wake up at
440 -
441 -111
442 -00:08:10,440 ~-~-> 00:08:13,200
443 -seven o'clock in the morning, New York time to look for a
444 -
445 -112
446 -00:08:13,200 ~-~-> 00:08:17,340
447 -move, it's going to be scalped for the New York session. And
448 -
449 -113
450 -00:08:17,340 ~-~-> 00:08:23,190
451 -we can see that the London low is intact. At the time of the
452 -
453 -114
454 -00:08:23,190 ~-~-> 00:08:28,410
455 -New York, ICT kill zone, we're going to move our marker over
456 -
457 -115
458 -00:08:28,410 ~-~-> 00:08:32,820
459 -here. So now it starts our hunt for the setup. It takes
460 -
461 -116
462 -00:08:32,820 ~-~-> 00:08:35,430
463 -patience, generally in the seven o'clock to nine o'clock in
464 -
465 -117
466 -00:08:35,430 ~-~-> 00:08:39,360
467 -the morning, New York time again, that window opportunity is
468 -
469 -118
470 -00:08:39,360 ~-~-> 00:08:43,020
471 -where you'll see the New York session swing. Alright, so now
472 -
473 -119
474 -00:08:43,020 ~-~-> 00:08:44,910
475 -we're going to zoom in just a little bit. Okay, so now we
476 -
477 -120
478 -00:08:44,910 ~-~-> 00:08:48,150
479 -have our chart zoomed in. And this is the beginning of the
480 -
481 -121
482 -00:08:48,150 ~-~-> 00:08:52,230
483 -new york session. So we're gonna be anticipating retracement
484 -
485 -122
486 -00:08:52,380 ~-~-> 00:08:58,290
487 -after 7am New York time and we're going to be using a low
488 -
489 -123
490 -00:08:58,860 ~-~-> 00:09:01,200
491 -that's going to be referenced In the previous session, which
492 -
493 -124
494 -00:09:01,200 ~-~-> 00:09:04,830
495 -is one, so if we start here and go back, sorry, looking
496 -
497 -125
498 -00:09:04,830 ~-~-> 00:09:08,310
499 -backwards, we want to see a swing low. Okay? This is not so
500 -
501 -126
502 -00:09:08,310 ~-~-> 00:09:11,580
503 -good. Okay, and keep going to the left, boom, we have a
504 -
505 -127
506 -00:09:11,580 ~-~-> 00:09:15,900
507 -swing low right there. Okay. Now it's also inside the London
508 -
509 -128
510 -00:09:15,900 ~-~-> 00:09:18,120
511 -kill zone, which is this red area down here.
512 -
513 -129
514 -00:09:19,230 ~-~-> 00:09:20,670
515 -If we add our fib
516 -
517 -130
518 -00:09:22,679 ~-~-> 00:09:24,899
519 -start on a 15 minute time frame and then we can calibrate
520 -
521 -131
522 -00:09:24,899 ~-~-> 00:09:27,119
523 -down to a five and what I'll show you today is a one minute
524 -
525 -132
526 -00:09:27,119 ~-~-> 00:09:32,939
527 -chart. Okay, so we're showing the lowest body open or close
528 -
529 -133
530 -00:09:33,689 ~-~-> 00:09:36,659
531 -to the highest body open or close prior to this drop down
532 -
533 -134
534 -00:09:36,719 ~-~-> 00:09:40,619
535 -after 7am. We're measuring that retracement, as you can see,
536 -
537 -135
538 -00:09:41,309 ~-~-> 00:09:44,819
539 -it nails it perfectly to the 79% retracement level as I
540 -
541 -136
542 -00:09:44,819 ~-~-> 00:09:51,359
543 -defined the fib. Now, right away, I want you to think if
544 -
545 -137
546 -00:09:51,359 ~-~-> 00:09:54,749
547 -we're looking to go long, the idea is hinged on the fact
548 -
549 -138
550 -00:09:54,749 ~-~-> 00:10:01,529
551 -that we're targeting buy stocks at 31 at 3182 3190 is the
552 -
553 -139
554 -00:10:01,529 ~-~-> 00:10:05,849
555 -draw, it could go just 10 pips or just to the old high 3180.
556 -
557 -140
558 -00:10:06,389 ~-~-> 00:10:08,969
559 -So between these two blue lines, that's where I want your
560 -
561 -141
562 -00:10:08,969 ~-~-> 00:10:11,879
563 -mind focusing, okay, and we're gonna start looking for
564 -
565 -142
566 -00:10:11,879 ~-~-> 00:10:16,469
567 -conferences to overlap. Now we have the entry pattern here,
568 -
569 -143
570 -00:10:16,619 ~-~-> 00:10:19,949
571 -which is the least of importance. But this is where you
572 -
573 -144
574 -00:10:19,949 ~-~-> 00:10:22,799
575 -would time it, and you would go long here, but we'll, we'll
576 -
577 -145
578 -00:10:22,799 ~-~-> 00:10:26,759
579 -drop down until five minute chart in a minute. But right
580 -
581 -146
582 -00:10:26,759 ~-~-> 00:10:31,109
583 -here, we can now start to engage entry pattern. So there's
584 -
585 -147
586 -00:10:31,139 ~-~-> 00:10:36,299
587 -our 15 minute time frame going in New York kill zone. So as
588 -
589 -148
590 -00:10:36,299 ~-~-> 00:10:42,209
591 -our bi and with our favorite overlap like this, we can see
592 -
593 -149
594 -00:10:42,209 ~-~-> 00:10:50,099
595 -that the fit gives us a level right in here. For a target or
596 -
597 -150
598 -00:10:50,099 ~-~-> 00:10:56,399
599 -extension, we will look for prices to get to 3180 to 3190.
600 -
601 -151
602 -00:10:57,449 ~-~-> 00:10:59,639
603 -Now we're gonna drop down into a five minute time frame and
604 -
605 -152
606 -00:10:59,639 ~-~-> 00:11:03,869
607 -help Give it a bit more precision. Okay, now we can see the
608 -
609 -153
610 -00:11:03,869 ~-~-> 00:11:06,599
611 -fibs is a little bit off based on the size of the candles
612 -
613 -154
614 -00:11:06,599 ~-~-> 00:11:09,119
615 -and that's not going to change anything, okay, but we can
616 -
617 -155
618 -00:11:09,119 ~-~-> 00:11:15,899
619 -further refine it down into this time frame. Or we can drop
620 -
621 -156
622 -00:11:15,899 ~-~-> 00:11:21,149
623 -it down to the lowest body open or close to the highest body
624 -
625 -157
626 -00:11:21,149 ~-~-> 00:11:29,579
627 -or close on the swing, which is here, right there. Okay, you
628 -
629 -158
630 -00:11:29,579 ~-~-> 00:11:32,759
631 -can see nothing's really changed all it did was moved it in
632 -
633 -159
634 -00:11:32,759 ~-~-> 00:11:36,689
635 -migrated closer to the 70.5 level. Nothing wrong with that
636 -
637 -160
638 -00:11:36,689 ~-~-> 00:11:39,809
639 -and just adding more precision. But at this point here,
640 -
641 -161
642 -00:11:41,519 ~-~-> 00:11:45,209
643 -let's assume you missed this opportunity. Okay. But we
644 -
645 -162
646 -00:11:45,269 ~-~-> 00:11:49,589
647 -believe based on what I'm sharing here, that after that
648 -
649 -163
650 -00:11:49,799 ~-~-> 00:11:54,539
651 -point of time, we're expecting price to get up into now i'm
652 -
653 -164
654 -00:11:54,539 ~-~-> 00:11:56,669
655 -doing i'm not trying to highlight this specific price point
656 -
657 -165
658 -00:11:56,669 ~-~-> 00:11:59,999
659 -for cherry picking. I'm looking at the end of this term.
660 -
661 -166
662 -00:11:59,999 ~-~-> 00:12:02,699
663 -point down here and to the right of it. So that's all I'm
664 -
665 -167
666 -00:12:02,699 ~-~-> 00:12:07,229
667 -doing. And I'm highlighting an area of price action all the
668 -
669 -168
670 -00:12:07,229 ~-~-> 00:12:11,489
671 -way through the New York session. And I want to talk a
672 -
673 -169
674 -00:12:11,489 ~-~-> 00:12:14,099
675 -little bit, pass it on purpose. I go through the entire
676 -
677 -170
678 -00:12:14,099 ~-~-> 00:12:16,529
679 -range of this blue line down here. Okay, that's delineating
680 -
681 -171
682 -00:12:16,529 ~-~-> 00:12:19,739
683 -time. So we're going to anticipate an entry down here and a
684 -
685 -172
686 -00:12:19,739 ~-~-> 00:12:24,749
687 -target that should be reached for the scalp, and we'll
688 -
689 -173
690 -00:12:24,749 ~-~-> 00:12:33,059
691 -change this to light blue. Now be good. Okay, so now let's
692 -
693 -174
694 -00:12:33,059 ~-~-> 00:12:36,059
695 -assume we missed this opportunity to go long, based on the
696 -
697 -175
698 -00:12:36,089 ~-~-> 00:12:40,379
699 -London low potentially being in place. This is our setup for
700 -
701 -176
702 -00:12:40,379 ~-~-> 00:12:42,959
703 -the scalp, trading in the direction that the London has
704 -
705 -177
706 -00:12:42,959 ~-~-> 00:12:47,699
707 -created. The lows day and power three phenomenon should be
708 -
709 -178
710 -00:12:48,149 ~-~-> 00:12:53,609
711 -the open accumulation, manipulation, making a low today and
712 -
713 -179
714 -00:12:53,609 ~-~-> 00:12:57,659
715 -then rallying up. New York is going to be a continuation of
716 -
717 -180
718 -00:12:57,899 ~-~-> 00:13:01,409
719 -classic bi days as I define it in my tutorial. We can see
720 -
721 -181
722 -00:13:01,409 ~-~-> 00:13:03,929
723 -this area here is the best time to buy, but let's assume we
724 -
725 -182
726 -00:13:03,929 ~-~-> 00:13:08,519
727 -missed it. Let's drop down into a one minute chart and see
728 -
729 -183
730 -00:13:08,519 ~-~-> 00:13:11,099
731 -what we can say. Okay, we have our British Pound set to a
732 -
733 -184
734 -00:13:11,099 ~-~-> 00:13:13,649
735 -one minute chart. And here's our entry pattern we would have
736 -
737 -185
738 -00:13:13,649 ~-~-> 00:13:18,629
739 -missed on the first hit, no problem. We wait. Okay, if you
740 -
741 -186
742 -00:13:18,629 ~-~-> 00:13:21,899
743 -know what you're looking for, the upside Target has not been
744 -
745 -187
746 -00:13:21,899 ~-~-> 00:13:25,349
747 -reached for the day yet. Okay, we can look for a smaller
748 -
749 -188
750 -00:13:25,349 ~-~-> 00:13:28,169
751 -little fractal of the same pattern that we use for optimal
752 -
753 -189
754 -00:13:28,169 ~-~-> 00:13:34,409
755 -trade entry. And the fib use the body's lowest open or close
756 -
757 -190
758 -00:13:35,009 ~-~-> 00:13:39,569
759 -up to the highest body open or close. Beautiful 70.5 level
760 -
761 -191
762 -00:13:39,569 ~-~-> 00:13:43,859
763 -right there, entry and bang it beautifully right there. So
764 -
765 -192
766 -00:13:43,859 ~-~-> 00:13:48,269
767 -you don't need to have the X in the actual first time it
768 -
769 -193
770 -00:13:48,269 ~-~-> 00:13:50,489
771 -hits. Once you know what you're looking for. You get a
772 -
773 -194
774 -00:13:50,489 ~-~-> 00:13:54,299
775 -market structure break here. retracement rallies up so you
776 -
777 -195
778 -00:13:54,299 ~-~-> 00:13:58,049
779 -can use a smaller timeframe to get in and get in sync. Now
780 -
781 -196
782 -00:13:58,049 ~-~-> 00:14:06,719
783 -obviously We can use the same premise here, though is body
784 -
785 -197
786 -00:14:06,719 ~-~-> 00:14:11,909
787 -open or close to the highest body open and close which is
788 -
789 -198
790 -00:14:11,909 ~-~-> 00:14:17,129
791 -here. Right there. Okay. And we can see the symmetrical
792 -
793 -199
794 -00:14:17,129 ~-~-> 00:14:19,139
795 -price swing nails it perfectly right there.
796 -
797 -200
798 -00:14:20,549 ~-~-> 00:14:22,619
799 -Okay, so you can use a woman to try to get really really
800 -
801 -201
802 -00:14:23,189 ~-~-> 00:14:28,529
803 -fine tune entry swing during the time that Killzone hits it
804 -
805 -202
806 -00:14:28,529 ~-~-> 00:14:32,009
807 -beautifully in in bang delivery a perfect symmetrical price
808 -
809 -203
810 -00:14:32,009 ~-~-> 00:14:34,979
811 -swing. So let's go to the euro dollar and take a look at
812 -
813 -204
814 -00:14:35,009 ~-~-> 00:14:38,009
815 -that as well. Right we're looking to euro dollar is a daily
816 -
817 -205
818 -00:14:38,009 ~-~-> 00:14:42,719
819 -chart. Now this is a little similar to cable, but we've had
820 -
821 -206
822 -00:14:43,259 ~-~-> 00:14:47,429
823 -a swing low form after trading below an old low here and we
824 -
825 -207
826 -00:14:47,429 ~-~-> 00:14:52,259
827 -create a nice big up day. We have a swing low prices move
828 -
829 -208
830 -00:14:52,349 ~-~-> 00:14:56,549
831 -above this third candles high so now we're in buy mode for
832 -
833 -209
834 -00:14:56,579 ~-~-> 00:14:59,969
835 -directional bias, and we're gonna look at this trading day
836 -
837 -210
838 -00:14:59,999 ~-~-> 00:15:04,289
839 -Friday to see how we can see how I identified and outlined
840 -
841 -211
842 -00:15:04,499 ~-~-> 00:15:07,199
843 -the euro dollar trade for New York a we're in a 15 minute
844 -
845 -212
846 -00:15:07,199 ~-~-> 00:15:10,349
847 -time frame for the euro dollar. You can see that Thursday's
848 -
849 -213
850 -00:15:10,349 ~-~-> 00:15:13,889
851 -trading in here we had a high previous high, slightly lower
852 -
853 -214
854 -00:15:13,889 ~-~-> 00:15:17,129
855 -high here but look what happened price moves away and drops
856 -
857 -215
858 -00:15:17,129 ~-~-> 00:15:21,539
859 -down during the London session. With that in mind does not
860 -
861 -216
862 -00:15:21,599 ~-~-> 00:15:24,749
863 -not create that same pattern we just had in British Pound
864 -
865 -217
866 -00:15:24,749 ~-~-> 00:15:28,319
867 -USD. Yes, we're going to be resting above these two equal
868 -
869 -218
870 -00:15:28,319 ~-~-> 00:15:32,639
871 -highs by stops. Okay, so we're going to put our horizontal
872 -
873 -219
874 -00:15:32,639 ~-~-> 00:15:37,679
875 -line there right on it. And we have the old high here buy
876 -
877 -220
878 -00:15:37,679 ~-~-> 00:15:41,279
879 -started we resting just above these highs and if the level
880 -
881 -221
882 -00:15:41,279 ~-~-> 00:15:45,869
883 -is essentially 116 50 if it's essentially 116 50 it's double
884 -
885 -222
886 -00:15:45,869 ~-~-> 00:15:49,199
887 -topping out. They're going to want to take price above that
888 -
889 -223
890 -00:15:49,199 ~-~-> 00:15:57,209
891 -level 10 to 20 pips so we're going to add our range of 10 to
892 -
893 -224
894 -00:15:57,209 ~-~-> 00:16:02,909
895 -20 pips right on there. Hi level. There's 10
896 -
897 -225
898 -00:16:08,039 ~-~-> 00:16:23,819
899 -right there. And then 2020 pips right there. Okay. So what
900 -
901 -226
902 -00:16:23,819 ~-~-> 00:16:26,729
903 -that means is we're looking for that same phenomenon down
904 -
905 -227
906 -00:16:26,729 ~-~-> 00:16:30,509
907 -here during the London session. Friday creates the low of
908 -
909 -228
910 -00:16:30,509 ~-~-> 00:16:36,239
911 -the day and price runs through. Now it takes out this level
912 -
913 -229
914 -00:16:36,239 ~-~-> 00:16:39,959
915 -here, initially, but then it retraces, did it go 10 pips
916 -
917 -230
918 -00:16:39,959 ~-~-> 00:16:44,249
919 -above the high, not yet, not here. So looking for this
920 -
921 -231
922 -00:16:44,249 ~-~-> 00:16:47,729
923 -retracement after 7am New York time, we're going to add our
924 -
925 -232
926 -00:16:47,729 ~-~-> 00:16:54,599
927 -Fibonacci lowest open or close to the highest open or close
928 -
929 -233
930 -00:16:54,839 ~-~-> 00:16:58,499
931 -here. So we have our 62% retracement level here calling for
932 -
933 -234
934 -00:16:58,499 ~-~-> 00:17:06,539
935 -a optimal trade entry long And you can see that is here. So
936 -
937 -235
938 -00:17:06,539 ~-~-> 00:17:12,989
939 -here's our entry based on it New York open kill zone, change
940 -
941 -236
942 -00:17:12,989 ~-~-> 00:17:20,369
943 -that color just to make it pop so you guys can see it. Okay,
944 -
945 -237
946 -00:17:21,329 ~-~-> 00:17:25,259
947 -now in here, we're going to drop down into a five minute
948 -
949 -238
950 -00:17:25,259 ~-~-> 00:17:29,219
951 -timeframe, but we're looking for specifically these levels.
952 -
953 -239
954 -00:17:29,219 ~-~-> 00:17:33,329
955 -Now I'm going to draw them on a chart with horizontal lines.
956 -
957 -240
958 -00:17:37,979 ~-~-> 00:17:42,599
959 -And I'm gonna change this to a thinner one, because that's
960 -
961 -241
962 -00:17:42,599 ~-~-> 00:17:45,689
963 -the level where the buy stops would be resting just above
964 -
965 -242
966 -00:17:45,809 ~-~-> 00:17:48,809
967 -Okay, and the two darker blue lines, they will be targets
968 -
969 -243
970 -00:17:48,809 ~-~-> 00:17:51,419
971 -that we've reached for. I want to drop down into a five
972 -
973 -244
974 -00:17:51,419 ~-~-> 00:17:54,239
975 -minute Okay, here we have eurodollar on the five minute time
976 -
977 -245
978 -00:17:54,239 ~-~-> 00:17:58,139
979 -frame. Again, this is the area where the biceps would be
980 -
981 -246
982 -00:17:58,139 ~-~-> 00:18:04,019
983 -just above Don't take that level off. And here's where I
984 -
985 -247
986 -00:18:04,019 ~-~-> 00:18:10,259
987 -believe 10 pips above level and 20 pips above the level
988 -
989 -248
990 -00:18:10,469 ~-~-> 00:18:15,059
991 -would be around those by stops now I gave 1680 as an
992 -
993 -249
994 -00:18:15,059 ~-~-> 00:18:19,079
995 -objective. In the event it went as high as that because
996 -
997 -250
998 -00:18:19,079 ~-~-> 00:18:22,739
999 -there's institutional level, but because what I just showed
1000 -
1001 -251
1002 -00:18:22,739 ~-~-> 00:18:25,199
1003 -you in this presentation, this is the reason why I took the
1004 -
1005 -252
1006 -00:18:25,199 ~-~-> 00:18:28,049
1007 -trade off. So I'm going to kind of like segue into the
1008 -
1009 -253
1010 -00:18:28,229 ~-~-> 00:18:31,889
1011 -opportunity of looking for moves that's already underway. We
1012 -
1013 -254
1014 -00:18:31,889 ~-~-> 00:18:37,049
1015 -can see that happening here. I'll calibrate the fit based on
1016 -
1017 -255
1018 -00:18:37,049 ~-~-> 00:18:39,779
1019 -the lowest open or close to the highest open and close here.
1020 -
1021 -256
1022 -00:18:40,739 ~-~-> 00:18:44,669
1023 -You can see it comes right down into 62% tracing level right
1024 -
1025 -257
1026 -00:18:44,669 ~-~-> 00:18:53,069
1027 -there. Okay, so we have a new york session. Buying here.
1028 -
1029 -258
1030 -00:18:54,449 ~-~-> 00:18:59,159
1031 -buying it this level. Stop I have to be below here. Never
1032 -
1033 -259
1034 -00:18:59,159 ~-~-> 00:19:03,179
1035 -got in jeopardy. All. But as price started to rally away,
1036 -
1037 -260
1038 -00:19:03,899 ~-~-> 00:19:08,099
1039 -and we were below this point here, since we're below this
1040 -
1041 -261
1042 -00:19:08,099 ~-~-> 00:19:11,519
1043 -point here, you can be a buyer as I was on a down close
1044 -
1045 -262
1046 -00:19:11,519 ~-~-> 00:19:15,059
1047 -candle. So taking price up into the area, I was hopefully
1048 -
1049 -263
1050 -00:19:15,059 ~-~-> 00:19:17,519
1051 -trying to get into the 1680 level, but it didn't really give
1052 -
1053 -264
1054 -00:19:17,519 ~-~-> 00:19:21,569
1055 -me opportunity to do so. And I missed a very high candle.
1056 -
1057 -265
1058 -00:19:21,569 ~-~-> 00:19:24,899
1059 -But as you can see, not bad have an excellent. Okay, so
1060 -
1061 -266
1062 -00:19:24,899 ~-~-> 00:19:27,419
1063 -hopefully this has been insightful. And you've been able to
1064 -
1065 -267
1066 -00:19:27,959 ~-~-> 00:19:30,509
1067 -at least add a little bit more to your understanding about
1068 -
1069 -268
1070 -00:19:30,509 ~-~-> 00:19:34,499
1071 -how the market moves from one point to the other. The main
1072 -
1073 -269
1074 -00:19:34,499 ~-~-> 00:19:37,259
1075 -takeaway is, you want to know where the markets going to be
1076 -
1077 -270
1078 -00:19:37,259 ~-~-> 00:19:41,489
1079 -drawn to. Okay. And the liquidity above old highs and our
1080 -
1081 -271
1082 -00:19:41,489 ~-~-> 00:19:44,099
1083 -lows when they're double tops and double bottoms are the
1084 -
1085 -272
1086 -00:19:44,129 ~-~-> 00:19:46,979
1087 -easiest things to trade. That's the reason why I teach it
1088 -
1089 -273
1090 -00:19:47,159 ~-~-> 00:19:49,739
1091 -not tutorials because it's the most generic thing it takes
1092 -
1093 -274
1094 -00:19:49,739 ~-~-> 00:19:52,529
1095 -place in the marketplace. It's never going to stop working.
1096 -
1097 -275
1098 -00:19:52,649 ~-~-> 00:19:54,689
1099 -It's always going to be there in the charts every single
1100 -
1101 -276
1102 -00:19:54,689 ~-~-> 00:19:56,939
1103 -trading week. If you train your eyes to look for those
1104 -
1105 -277
1106 -00:19:56,939 ~-~-> 00:19:59,669
1107 -opportunities. You'll find all the journey in terms of
1108 -
1109 -278
1110 -00:19:59,669 ~-~-> 00:20:02,549
1111 -trading The forex or any other asset class out there. Until
1112 -
1113 -279
1114 -00:20:02,549 ~-~-> 00:20:04,739
1115 -next time, I wish you good luck and good trading