Mastering High Probability Scalping - Supplemental Session 01.srt

Version 1.1 by Drunk Monkey on 2020-11-20 16:45

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ICT: Folks, give you a little bit of a amplification of the

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mastering high probability scalping volumes, one, two and

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three. Present the cable. And I'm just gonna remind you that

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the things I'm showing you here are not just hindsight

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lipstick actually execute on a number of these principles in

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these very pairs and I'll show you the orders when the time

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is appropriate for each one. Okay, so we're in on the daily

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chart for British Pound USD or cable. It's in a large

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trading range. Now obviously, the daily bias concept that I

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taught isn't going to be that favorable by just simply

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looking at swing points. So you got to look for reversal

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patterns and you find that with the hourly chart, so we

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dropped down into the hourly. Okay, so we have an hourly

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chart here. And it's I talk in volume three

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of my

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recent video series on scalping an old low here on 60 minute

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chart, price, should have willingness to really rally from

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there. When it came back down to it, we don't always know if

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a level is going to break so it's better to side with it.

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Not breaking and staying in the range, especially with the

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daily chart was suggesting in regards to British Pound USD

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staying in a larger trading range. So, with this level here,

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we do not look for continuation lower We're going to

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probably favor the side of the market, staying in the range.

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Okay, now if it's staying inside the range, this is going to

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be old support. Okay, revisited. If this is support, where

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should we take our focus? It's not about getting in, it's

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about where's the market most likely going to go? our

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attention should go immediately. Here we are. So if this is

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going to be support, our focus goes immediately back up to

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here, because this is what old resistance. Okay, so I'm

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keeping it very, very simple. But now, let's add one new

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dimension to it. If we see levels, like this that are very

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clean, clean, by that definition, is something I refer to as

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where a level just stays too uniform or too precise,

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horizontal support resistance. doesn't like to stay intact

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like this. Okay. retail traders, less informed traders will

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see this, okay. And I'll say, well, price has shown a

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willingness to sell off there and when price It's in that

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area again, it starts to sell off. So you're gonna think

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it's going to go lower. So what's going to be placed right

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above these highs? You got it by stops. So if we know that

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this is a likely turning point where price could bounce. Now

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this becomes a area where this same phenomenon here may take

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place. But on the other end, in other words support a double

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bottom. We're going to try to reach back up into the double

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top. Here's where an institutional mindset kicks in. It's

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going to most likely not go lower, below this low. It's

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going to go back up to here, chances are it's probably going

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to reach for those individuals has already been short on the

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marketplace, and it's going to attack their buy stops. Smart

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Money will buy down here. And their objective will be to

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unseat those individuals to have buy stops or short

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positions. Arrest In this area here. Now let's take a closer

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look at that specific price level. Okay, it comes in roughly

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131 80 which will calibrate to that. Okay 131 80 if we trade

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up to the 3180 level, and it's expected to reach above that

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level, I teach that price generally will reach about 10 to

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20 pips above a previous higher low. Now watch the numbers

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to the right of my mouse. Okay, there's 30 and 20. Okay, so

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now we have a level of which we can anticipate price

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reaching up beyond the get these by stops. Okay, so now we

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can take this level and raise it right up to here. Okay, and

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we'll extend it out in time. You see, price does in fact,

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reach up into that level rather handsomely. Now I could have

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easily just moved up 10 pips above that high. And that would

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have been enough as well. You can see what that does in

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terms of targeting. Okay. If you look at the level, this is

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suggesting it's 131 89 with 10 pips above that, I like to

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get out a little early, hence 131 at its institutional

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level, I know I'll get a really good exit on that. And there

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was I was not in for the last portion of the move up here,

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and it's not necessary. Okay. So I want to kind of like go

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back into a lower timeframe. And we'll go down to a 15

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minute time frame next. Okay, so here we have the 15 minute

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time frame on the British Pound USD or cable. And I'm going

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to address this area in here. This is the new york ICT kills

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him. Okay, where we target the swing that usually comes in

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around between seven o'clock in the morning and nine o'clock

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in the morning New York time. So we're going to assume

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that we are referencing the low here now you guys watch me

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actually trade this just for pips away from the actual low,

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buying it long and had a target of 131 80 which was given to

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you the day before this day even started trading. So I

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wanted to show you this past week, how it's for castable

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it's predictable, and it repeats itself and today I will

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show you how much of a precision you can have with it. So

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we're looking at the cable and I want you to remember these

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levels okay. 3190 and 3180. Okay, 3192 3180 3190 is 10 pips

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above the highs in here for the buy stops and 3180 is

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essentially the institutional level. That will be at this

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double top. Okay, double tops. I don't believe I'd like to

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see them targeted and double bottoms I don't believe in now

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this is also now a target for a future opportunity, but not

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yet. Okay. So, we're going to go down into a 15 minute time

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frame with lipstick on the chart where we can address

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certain things. Okay, here we have a 15 minute time frame, a

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little bit of ICT lipstick, if you will. This is how you

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want to attack your analysis. Okay, you want to have these

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types of things on your charts before you even consider

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taking trades. Well, organized trade execution starts by

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having a well documented reason for the trade to be even

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considered. And you have to have an exit strategy before you

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deploy. Do not do this, you're going to be subject to the

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tug of war effect that takes place in your mind when price

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is going up and down. And you'll abandon trade idea that you

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just willy nilly get into. If you see these types of things

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in your chart before you actually engage. It'll be harder

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for you to And then the idea and far easier for you to stay

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committed to it. So we're going to assume that we wake up at

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seven o'clock in the morning, New York time to look for a

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move, it's going to be scalped for the New York session. And

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we can see that the London low is intact. At the time of the

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New York, ICT kill zone, we're going to move our marker over

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here. So now it starts our hunt for the setup. It takes

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patience, generally in the seven o'clock to nine o'clock in

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the morning, New York time again, that window opportunity is

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where you'll see the New York session swing. Alright, so now

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we're going to zoom in just a little bit. Okay, so now we

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have our chart zoomed in. And this is the beginning of the

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new york session. So we're gonna be anticipating retracement

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after 7am New York time and we're going to be using a low

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that's going to be referenced In the previous session, which

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is one, so if we start here and go back, sorry, looking

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backwards, we want to see a swing low. Okay? This is not so

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good. Okay, and keep going to the left, boom, we have a

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swing low right there. Okay. Now it's also inside the London

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kill zone, which is this red area down here.

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If we add our fib

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start on a 15 minute time frame and then we can calibrate

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down to a five and what I'll show you today is a one minute

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chart. Okay, so we're showing the lowest body open or close

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to the highest body open or close prior to this drop down

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after 7am. We're measuring that retracement, as you can see,

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it nails it perfectly to the 79% retracement level as I

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defined the fib. Now, right away, I want you to think if

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we're looking to go long, the idea is hinged on the fact

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that we're targeting buy stocks at 31 at 3182 3190 is the

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draw, it could go just 10 pips or just to the old high 3180.

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So between these two blue lines, that's where I want your

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mind focusing, okay, and we're gonna start looking for

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conferences to overlap. Now we have the entry pattern here,

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which is the least of importance. But this is where you

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would time it, and you would go long here, but we'll, we'll

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drop down until five minute chart in a minute. But right

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here, we can now start to engage entry pattern. So there's

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our 15 minute time frame going in New York kill zone. So as

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our bi and with our favorite overlap like this, we can see

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that the fit gives us a level right in here. For a target or

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extension, we will look for prices to get to 3180 to 3190.

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Now we're gonna drop down into a five minute time frame and

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help Give it a bit more precision. Okay, now we can see the

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fibs is a little bit off based on the size of the candles

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and that's not going to change anything, okay, but we can

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further refine it down into this time frame. Or we can drop

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it down to the lowest body open or close to the highest body

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or close on the swing, which is here, right there. Okay, you

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can see nothing's really changed all it did was moved it in

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migrated closer to the 70.5 level. Nothing wrong with that

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and just adding more precision. But at this point here,

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let's assume you missed this opportunity. Okay. But we

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believe based on what I'm sharing here, that after that

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point of time, we're expecting price to get up into now i'm

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doing i'm not trying to highlight this specific price point

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for cherry picking. I'm looking at the end of this term.

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point down here and to the right of it. So that's all I'm

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doing. And I'm highlighting an area of price action all the

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way through the New York session. And I want to talk a

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little bit, pass it on purpose. I go through the entire

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range of this blue line down here. Okay, that's delineating

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time. So we're going to anticipate an entry down here and a

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target that should be reached for the scalp, and we'll

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change this to light blue. Now be good. Okay, so now let's

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assume we missed this opportunity to go long, based on the

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London low potentially being in place. This is our setup for

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the scalp, trading in the direction that the London has

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created. The lows day and power three phenomenon should be

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the open accumulation, manipulation, making a low today and

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then rallying up. New York is going to be a continuation of

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classic bi days as I define it in my tutorial. We can see

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this area here is the best time to buy, but let's assume we

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missed it. Let's drop down into a one minute chart and see

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what we can say. Okay, we have our British Pound set to a

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one minute chart. And here's our entry pattern we would have

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missed on the first hit, no problem. We wait. Okay, if you

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know what you're looking for, the upside Target has not been

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reached for the day yet. Okay, we can look for a smaller

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little fractal of the same pattern that we use for optimal

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trade entry. And the fib use the body's lowest open or close

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up to the highest body open or close. Beautiful 70.5 level

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right there, entry and bang it beautifully right there. So

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you don't need to have the X in the actual first time it

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hits. Once you know what you're looking for. You get a

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market structure break here. retracement rallies up so you

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can use a smaller timeframe to get in and get in sync. Now

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obviously We can use the same premise here, though is body

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open or close to the highest body open and close which is

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here. Right there. Okay. And we can see the symmetrical

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price swing nails it perfectly right there.

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Okay, so you can use a woman to try to get really really

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fine tune entry swing during the time that Killzone hits it

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beautifully in in bang delivery a perfect symmetrical price

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swing. So let's go to the euro dollar and take a look at

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that as well. Right we're looking to euro dollar is a daily

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chart. Now this is a little similar to cable, but we've had

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a swing low form after trading below an old low here and we

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create a nice big up day. We have a swing low prices move

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above this third candles high so now we're in buy mode for

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directional bias, and we're gonna look at this trading day

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Friday to see how we can see how I identified and outlined

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the euro dollar trade for New York a we're in a 15 minute

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time frame for the euro dollar. You can see that Thursday's

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trading in here we had a high previous high, slightly lower

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high here but look what happened price moves away and drops

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down during the London session. With that in mind does not

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not create that same pattern we just had in British Pound

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USD. Yes, we're going to be resting above these two equal

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highs by stops. Okay, so we're going to put our horizontal

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line there right on it. And we have the old high here buy

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started we resting just above these highs and if the level

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is essentially 116 50 if it's essentially 116 50 it's double

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topping out. They're going to want to take price above that

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level 10 to 20 pips so we're going to add our range of 10 to

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20 pips right on there. Hi level. There's 10

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right there. And then 2020 pips right there. Okay. So what

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that means is we're looking for that same phenomenon down

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here during the London session. Friday creates the low of

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the day and price runs through. Now it takes out this level

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here, initially, but then it retraces, did it go 10 pips

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above the high, not yet, not here. So looking for this

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retracement after 7am New York time, we're going to add our

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Fibonacci lowest open or close to the highest open or close

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here. So we have our 62% retracement level here calling for

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a optimal trade entry long And you can see that is here. So

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here's our entry based on it New York open kill zone, change

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that color just to make it pop so you guys can see it. Okay,

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now in here, we're going to drop down into a five minute

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timeframe, but we're looking for specifically these levels.

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Now I'm going to draw them on a chart with horizontal lines.

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And I'm gonna change this to a thinner one, because that's

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the level where the buy stops would be resting just above

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Okay, and the two darker blue lines, they will be targets

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that we've reached for. I want to drop down into a five

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minute Okay, here we have eurodollar on the five minute time

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frame. Again, this is the area where the biceps would be

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just above Don't take that level off. And here's where I

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believe 10 pips above level and 20 pips above the level

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would be around those by stops now I gave 1680 as an

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objective. In the event it went as high as that because

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there's institutional level, but because what I just showed

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you in this presentation, this is the reason why I took the

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trade off. So I'm going to kind of like segue into the

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opportunity of looking for moves that's already underway. We

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can see that happening here. I'll calibrate the fit based on

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the lowest open or close to the highest open and close here.

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You can see it comes right down into 62% tracing level right

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there. Okay, so we have a new york session. Buying here.

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buying it this level. Stop I have to be below here. Never

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got in jeopardy. All. But as price started to rally away,

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and we were below this point here, since we're below this

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point here, you can be a buyer as I was on a down close

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candle. So taking price up into the area, I was hopefully

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trying to get into the 1680 level, but it didn't really give

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me opportunity to do so. And I missed a very high candle.

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But as you can see, not bad have an excellent. Okay, so

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hopefully this has been insightful. And you've been able to

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at least add a little bit more to your understanding about

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how the market moves from one point to the other. The main

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takeaway is, you want to know where the markets going to be

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drawn to. Okay. And the liquidity above old highs and our

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lows when they're double tops and double bottoms are the

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easiest things to trade. That's the reason why I teach it

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not tutorials because it's the most generic thing it takes

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place in the marketplace. It's never going to stop working.

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It's always going to be there in the charts every single

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trading week. If you train your eyes to look for those

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opportunities. You'll find all the journey in terms of

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trading The forex or any other asset class out there. Until

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next time, I wish you good luck and good trading