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Version 1.1 by Drunk Monkey on 2020-11-20 16:45
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3 ICT: Folks, give you a little bit of a amplification of the
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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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123 here, because this is what old resistance. Okay, so I'm
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127 keeping it very, very simple. But now, let's add one new
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131 dimension to it. If we see levels, like this that are very
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135 clean, clean, by that definition, is something I refer to as
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139 where a level just stays too uniform or too precise,
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143 horizontal support resistance. doesn't like to stay intact
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147 like this. Okay. retail traders, less informed traders will
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151 see this, okay. And I'll say, well, price has shown a
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155 willingness to sell off there and when price It's in that
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159 area again, it starts to sell off. So you're gonna think
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163 it's going to go lower. So what's going to be placed right
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167 above these highs? You got it by stops. So if we know that
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171 this is a likely turning point where price could bounce. Now
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175 this becomes a area where this same phenomenon here may take
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179 place. But on the other end, in other words support a double
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183 bottom. We're going to try to reach back up into the double
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187 top. Here's where an institutional mindset kicks in. It's
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191 going to most likely not go lower, below this low. It's
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195 going to go back up to here, chances are it's probably going
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199 to reach for those individuals has already been short on the
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203 marketplace, and it's going to attack their buy stops. Smart
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207 Money will buy down here. And their objective will be to
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211 unseat those individuals to have buy stops or short
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215 positions. Arrest In this area here. Now let's take a closer
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219 look at that specific price level. Okay, it comes in roughly
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223 131 80 which will calibrate to that. Okay 131 80 if we trade
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227 up to the 3180 level, and it's expected to reach above that
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231 level, I teach that price generally will reach about 10 to
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235 20 pips above a previous higher low. Now watch the numbers
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239 to the right of my mouse. Okay, there's 30 and 20. Okay, so
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243 now we have a level of which we can anticipate price
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247 reaching up beyond the get these by stops. Okay, so now we
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251 can take this level and raise it right up to here. Okay, and
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255 we'll extend it out in time. You see, price does in fact,
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259 reach up into that level rather handsomely. Now I could have
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263 easily just moved up 10 pips above that high. And that would
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267 have been enough as well. You can see what that does in
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271 terms of targeting. Okay. If you look at the level, this is
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275 suggesting it's 131 89 with 10 pips above that, I like to
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279 get out a little early, hence 131 at its institutional
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283 level, I know I'll get a really good exit on that. And there
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287 was I was not in for the last portion of the move up here,
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291 and it's not necessary. Okay. So I want to kind of like go
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295 back into a lower timeframe. And we'll go down to a 15
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299 minute time frame next. Okay, so here we have the 15 minute
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303 time frame on the British Pound USD or cable. And I'm going
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307 to address this area in here. This is the new york ICT kills
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311 him. Okay, where we target the swing that usually comes in
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315 around between seven o'clock in the morning and nine o'clock
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319 in the morning New York time. So we're going to assume
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323 that we are referencing the low here now you guys watch me
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327 actually trade this just for pips away from the actual low,
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331 buying it long and had a target of 131 80 which was given to
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335 you the day before this day even started trading. So I
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339 wanted to show you this past week, how it's for castable
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343 it's predictable, and it repeats itself and today I will
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347 show you how much of a precision you can have with it. So
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351 we're looking at the cable and I want you to remember these
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355 levels okay. 3190 and 3180. Okay, 3192 3180 3190 is 10 pips
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359 above the highs in here for the buy stops and 3180 is
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363 essentially the institutional level. That will be at this
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367 double top. Okay, double tops. I don't believe I'd like to
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371 see them targeted and double bottoms I don't believe in now
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375 this is also now a target for a future opportunity, but not
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379 yet. Okay. So, we're going to go down into a 15 minute time
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383 frame with lipstick on the chart where we can address
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387 certain things. Okay, here we have a 15 minute time frame, a
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391 little bit of ICT lipstick, if you will. This is how you
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395 want to attack your analysis. Okay, you want to have these
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399 types of things on your charts before you even consider
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403 taking trades. Well, organized trade execution starts by
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407 having a well documented reason for the trade to be even
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411 considered. And you have to have an exit strategy before you
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415 deploy. Do not do this, you're going to be subject to the
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419 tug of war effect that takes place in your mind when price
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423 is going up and down. And you'll abandon trade idea that you
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427 just willy nilly get into. If you see these types of things
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431 in your chart before you actually engage. It'll be harder
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435 for you to And then the idea and far easier for you to stay
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439 committed to it. So we're going to assume that we wake up at
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443 seven o'clock in the morning, New York time to look for a
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447 move, it's going to be scalped for the New York session. And
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451 we can see that the London low is intact. At the time of the
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455 New York, ICT kill zone, we're going to move our marker over
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459 here. So now it starts our hunt for the setup. It takes
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463 patience, generally in the seven o'clock to nine o'clock in
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467 the morning, New York time again, that window opportunity is
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471 where you'll see the New York session swing. Alright, so now
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475 we're going to zoom in just a little bit. Okay, so now we
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479 have our chart zoomed in. And this is the beginning of the
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483 new york session. So we're gonna be anticipating retracement
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487 after 7am New York time and we're going to be using a low
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491 that's going to be referenced In the previous session, which
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495 is one, so if we start here and go back, sorry, looking
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499 backwards, we want to see a swing low. Okay? This is not so
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503 good. Okay, and keep going to the left, boom, we have a
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507 swing low right there. Okay. Now it's also inside the London
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511 kill zone, which is this red area down here.
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515 If we add our fib
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519 start on a 15 minute time frame and then we can calibrate
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523 down to a five and what I'll show you today is a one minute
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527 chart. Okay, so we're showing the lowest body open or close
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531 to the highest body open or close prior to this drop down
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535 after 7am. We're measuring that retracement, as you can see,
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539 it nails it perfectly to the 79% retracement level as I
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543 defined the fib. Now, right away, I want you to think if
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547 we're looking to go long, the idea is hinged on the fact
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551 that we're targeting buy stocks at 31 at 3182 3190 is the
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555 draw, it could go just 10 pips or just to the old high 3180.
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558 00:10:06,389 ~-~-> 00:10:08,969
559 So between these two blue lines, that's where I want your
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563 mind focusing, okay, and we're gonna start looking for
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567 conferences to overlap. Now we have the entry pattern here,
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571 which is the least of importance. But this is where you
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574 00:10:19,949 ~-~-> 00:10:22,799
575 would time it, and you would go long here, but we'll, we'll
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577 145
578 00:10:22,799 ~-~-> 00:10:26,759
579 drop down until five minute chart in a minute. But right
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583 here, we can now start to engage entry pattern. So there's
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587 our 15 minute time frame going in New York kill zone. So as
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591 our bi and with our favorite overlap like this, we can see
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595 that the fit gives us a level right in here. For a target or
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599 extension, we will look for prices to get to 3180 to 3190.
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603 Now we're gonna drop down into a five minute time frame and
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607 help Give it a bit more precision. Okay, now we can see the
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611 fibs is a little bit off based on the size of the candles
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615 and that's not going to change anything, okay, but we can
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619 further refine it down into this time frame. Or we can drop
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623 it down to the lowest body open or close to the highest body
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627 or close on the swing, which is here, right there. Okay, you
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630 00:11:29,579 ~-~-> 00:11:32,759
631 can see nothing's really changed all it did was moved it in
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635 migrated closer to the 70.5 level. Nothing wrong with that
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639 and just adding more precision. But at this point here,
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643 let's assume you missed this opportunity. Okay. But we
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645 162
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647 believe based on what I'm sharing here, that after that
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651 point of time, we're expecting price to get up into now i'm
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655 doing i'm not trying to highlight this specific price point
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659 for cherry picking. I'm looking at the end of this term.
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663 point down here and to the right of it. So that's all I'm
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667 doing. And I'm highlighting an area of price action all the
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671 way through the New York session. And I want to talk a
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675 little bit, pass it on purpose. I go through the entire
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679 range of this blue line down here. Okay, that's delineating
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683 time. So we're going to anticipate an entry down here and a
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687 target that should be reached for the scalp, and we'll
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689 173
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691 change this to light blue. Now be good. Okay, so now let's
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693 174
694 00:12:33,059 ~-~-> 00:12:36,059
695 assume we missed this opportunity to go long, based on the
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699 London low potentially being in place. This is our setup for
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703 the scalp, trading in the direction that the London has
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707 created. The lows day and power three phenomenon should be
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711 the open accumulation, manipulation, making a low today and
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713 179
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715 then rallying up. New York is going to be a continuation of
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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
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723 this area here is the best time to buy, but let's assume we
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725 182
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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