Mastering High Probability Scalping Vol 2 of 3.srt

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ICT: Okay folks, welcome back. This is volume two of three,

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four mastering high probability scalping, focusing on

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previous day bank liquidity runs.

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Alright, so what we are reviewing the daily bias so that we

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everyone knows exactly what should be done. And I'm

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referring to a daily chart here. So when we're implementing

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the daily bias, what we're gonna be doing is on a daily

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chart, we're gonna be waiting for a swing high to form and

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to be broken this will be bullish, okay when we see a swing

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high broken downwards, a candle that has a lower high to the

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left of it, and the lower high to the right of it as seen

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here. Okay, if at anytime in the future, it's traded through

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when we have that we have a bullish stage. In other words,

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we anticipate a future Buying Opportunity doesn't mean the

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buy right there just means we are now on on alert to wait

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for a specific criteria criteria is going to be looking for

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a swing load form down here okay a swing low can is a candle

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that has a higher load to the left of it a higher load to

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the right of it again on a daily chart. key point here is

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this swing low should not take out a previous recent swing

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low okay. So if we have this criteria immediately after a

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swing high is broken. We have the probable optimal trade

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entry scenario By itself on a daily chart, okay, doesn't

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mean it has to line up with a 62 to seven times tracing

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level, this means that we are in effect, trading with a

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higher low after breaking a short term high so we have a

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break in market structure retracements. Therefore, the

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market should have an ability to find momentum on the

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upside, okay. When the swing low forms, we're going to be

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anticipating the third candle. That is this one here. It's

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high to be rated or traded through the very next day. So

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towards the next trading day where it opens, preferably, you

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want to see it open below the third candle the swing lows

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high. Okay, so your criterion, you want to see the swing low

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form without breaking a previous swing low immediately after

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a swing. is formed but breaking a previous swing high. Okay,

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so again the stage for a bullish scenario is anytime a swing

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high is broken and traded to a new high expected retracement

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wait for a daily swing low to form swing low should be a

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higher swing load in any recent previous short term swing

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low the third candle that makes the swing low that high you

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want to see the next candle open below that candles high and

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then anticipate the market to run through this candles Hi.

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We're gonna be looking for previous day's highs to be rated

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each day until a swing high on a daily forms or price

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reaches a key support resistance level. And I'll give an

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example what that would be the immediate candle after this

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particular days Maybe looking for a bullish scenario. Okay

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either in the London or the New York scenario to anticipate

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a raid on the previous day's high. The very next trading

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day, we would look for the same scenario again, looking for

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reasons to be bullish on a retracement lower, going higher

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reaching for ultimately to this old high, this would be a

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area of resistance, okay or if it trades to that high and

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through it we'd still maintain looking for bullish scenarios

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buying looking for previous day's highs to be taken out. Or

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if we have price rally up to a degree either at this level

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or before it and creating a swing high. Once that forms. We

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have to wait for that swing high to be broke on the upside.

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Okay. There's going to be a lot of missed opportunities

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admittedly with this but it gives you a specific criteria on

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the work within

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Okay, employing the daily bias This is why it's bearish and

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we waiting again on the daily chart for a swing low on a

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daily to be broken. So we have a swing low here, okay again,

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a daily candle that has a higher low to the left of it and a

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higher low to the right of it eventually as price trades

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through this, this break in market structure sets the stage

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for a bearish market condition. Okay, so we're kind of like

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alerted to waiting for a sell scenario. We wait for a

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retracement when we get the daily swing high formed. The

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third candle Okay, that makes a swing high. We're going to

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be anticipating that low to be violated the very next

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trading day. key point is we don't want to see this swing

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high break a previous swing high immediately before the

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swing low that has broken a previous swing Okay so what

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we're doing is we're looking for a swing low broken here so

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now we have the ability to see the market trade to a new a

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new low then it retraces but will not break a swing high. So

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now we're getting that three quarterback retracement. Okay.

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So by itself it's like an optimal trade entry doesn't have

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to be 262 to seven times and tracing level. It's better if

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it does, but it doesn't require it. You want to see the

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market trade up until it creates a daily swing high. When

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that third candle forms and it's closed very next trading

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day, you will be watching for price to make an attempt to

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trade through this candles low and that remains the bias

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each trading day until a swing low forms or we trade down to

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this old low. Okay, or another significant low. So again,

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summary it's we're looking for Swing loaded form on the

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daily chart and then it be broken. Then we're looking for a

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swing high to form but does not break a recent swing high.

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So here's a swing high, it doesn't come back to clear or

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break a previous swing high. When the swing high forms, we

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anticipate the third daily candle in the swing high right

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here. We look for its low to be rated or traded through the

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following day. And we look for the previous day's low to be

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rated each day until a new swing low on a daily forms, or

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price reaches a key support resistance level. Now, you're

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not going to have a set up every single trading day. Okay,

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I've gotten a lot of emails so far. Since I've produced the

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first volume of this three part series. And the common

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complaint. I'm getting his I'm not getting a set up every

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day and it's not been promised, okay, if you look at every

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major that's paired against the dollar, you can get about

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three to four solid setups per week. Now that means that

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you're probably not going to get a set up every single train

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day, chances are one pair among all the ones that are

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available will provide you a setup to study. So you can

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practice in your demo account with it. The emphasis is for

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you to remember that you only need about 25 pips or so per

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week. And if you're 2% of your account, and it may be high,

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admittedly, for some of you, but if you have grown in your

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understanding about what I'm teaching, and you're willing to

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risk 2% it takes a little bit less than 25 pips per week to

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double your account or make 6% compounded monthly. And I

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think that's the objective that folks should be looking for

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when they're new. Because it's realistic, it's low, but yet

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it still doubles the account over the course of a 12 month,

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year. So, if we're looking for one good setup that would

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yield that 25 pips or so you only need one scalp. One setup

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that does that. Now I started the current teaching week on

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Twitter. Kind of like building the idea of making 50 pips

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per week. If you frame your scalps in such a way that it

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allows you to aim for 25 pips you only really need two

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setups per week, don't you? Now, I like that model

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personally, because it's very close to what I do as a short

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term or intraday trader.

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I know the likelihood is I want to be trading on Tuesdays

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and Wednesdays, if I can get my entire weekly objective

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which is 50 to 75 pips per week, if I can get that done in

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one day then I won't do any more trading after that,

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regardless of what day of the week it is. But usually I hone

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in on Tuesday and Wednesday because they're primarily the

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best days, whether bullish or bearish. If it's bullish for

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the week, then I'm looking for the weekly low to form around

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Tuesday or Wednesday's New York open. If I can anticipate a

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lower close or weekly bearish candle, shooting with an

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expectation that we're going to be seeing lower prices by

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Friday's close relative to Sunday's opening, then I'll be

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looking for Tuesday or Wednesday's price action to create

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the high of the week. So if I can trade in sync with that

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idea. It also formulates a lot more conviction and

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confidence behind the setups that I'm looking to trade

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especially with what's being described here. It's a rather

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simplistic approach. It may have been an oversimplification

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on my part, by way of creating this diagram but from an

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internal standpoint, however, View the marketplace, this is

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what I'm looking for. Okay? So if I see it on the daily

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chart, chances are, the daily chart will probably sustain

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the move for a few days, and you'll only need one trading

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day. Okay, so if you have a scenario that's bullish or

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bearish relative to what I just described here so far in

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this video, you chances are you're probably gonna have one

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day's worth of momentum. And that's all you need. So every

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single pair does not move lockstep to one another. They're

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not always moving in tandem. So what may be a good pair of

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trade today may not be a pair that's really good to trade

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tomorrow, but another pair may move in equal or better

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fashion. In other words, the setups are plenty, but you have

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to allow them to be presented in price action from the daily

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chart and then not forcing it. So stay Look over at the

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charts, I'll give you an example of what it looks like. And

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we can use the kill zones. Okay, we're looking at the cable,

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the daily chart. Now this scrolled through just found a

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random place, it doesn't make a difference where we start

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out. But I want you to take a look at the price action here.

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And then we're going to look at this swing low, right here,

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and it's on the heels of a previous short term high.

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Okay, so we have a short term high here. Lower high to the

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left, lower high to the right, high as high in the middle.

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It breaks that. Okay, so now we're on a bye, watch for

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scalping This is a swing high it's broken and we have to

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wait for a swing low to form after this is broken so we're

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going to be anticipating a retracement after this run up. So

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as price starts to drop down we have a preliminary swing low

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here Okay, so this candle is the third one we need to make

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sure we wait for price to trade through this candles high

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the very next day it doesn't do that. Okay, then we have

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another candle form a potential swing low here so this

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candle here we have to wait for this candle is high the

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trade through very next candle doesn't do it. It does it

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here. So now we can be a buyer here with a scout running

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previous day's high which is this one. Okay, so one July

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24 2017. That high again coming in at 130 47 That's where

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the liquidity run is going to be right there. This candle on

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the 25th of July is where we'll be looking for the setup.

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Right there. Okay, and we're going to drop down into a

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smaller timeframe, we'll use a 15 minute timeframe.

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Okay. And scrunch this up with the date dividers and you

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guys can see it. So previous day's high is right here. So

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I'll put a horizontal line on the chart to facilitate that.

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Okay, so here's where the liquidity is we're running for

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3057. Okay, this day here we're looking for a scenario To

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get long to run that liquidity pool. Okay, and we have this

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again, it's the liquidity poor risk reaching for previous

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day's high on this trading day when I use the market

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sessions, I'm looking for London setups in New York setups

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primarily, this is a London session low. Gonna let you see

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that here. It's in London and we're going to use that. As I

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mentioned in Volume One, I use session highs and lows. And

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this is the highest portion of the day in terms of a 15

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minute candle. Just put it right here. You guys can see it

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so I'm using this one and this one framing the entire price.

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So as price starts to stay here I'm not concerned about

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anything until it gets down into the optimal trade entry 62%

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retracement level respectively 70.5 and 79% okay you can see

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price trades it hits it here. This candle comes in exactly

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945 that's London and we're going into a nice run into

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previous day's high. Okay, so you can see that was a nice

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little scalp, it offered as much as 1020 3040 pips, to get

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to the high and if we look for 10 to 20 pips of sweep bar

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this high that takes us 1020 here, so 20 pips 40 pips 60

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pips 70 pips or so in terms of potential price range. That

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in itself is it for the week for me, that would be I

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wouldn't need to do anything else. And it's hard to believe.

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But that's how I operate. I don't look for a whole lot of

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setups per week because I'm content with you doing one thing

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well, and there it is. Now, if this were a more conservative

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approach, you could be looking for the long down here based

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on the optimal trade entry and reaching just to the old

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high. Now if that's the case, say you're filled it, we'll

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just round it to 130 20 that again, is getting out at 57

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it's 37 pips or so. Okay, almost 40 pips we'll say 40 pips.

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You only need to do one more trade for the week, pretend

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pips to get a 50 PIP net return for the week. Now, there's a

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lot of folks that will say, don't set targets don't set

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goals for daily or weekly because you don't Know what the

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markets going to do? Well, I would submit that that's

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partially true. We don't know with any assurity what the

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markets going to do. But we do have pretty strong

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probabilities of wherever the market may reach for. And if

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we can frame the idea of where we're trying to get in at

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based on time and price kill zone and optimal trade entry

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price, and where we're reaching for it, doesn't that not

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offer us a definitive way of determining what could be

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reasonably expected for that particular setup? And if we

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know that we're looking at intraday setups like this is

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typically five days per week, unless it's a holiday or the

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markets are not trading because of some other bank holiday

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whatever we don't want to trade it. We can see many

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instances where 25 to 50 pips is rather easy to get now.

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It's when we get into the I want to make 250 to 500 pips per

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week. Then it becomes a little daunting in terms of a task.

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So I think by focusing on 2025 pips per setup and an aiming

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for two good ones per week,

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I think 50 pips is a really low hanging fruit reachable,

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achievable and certainly realistic in the scope of a

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developing trader. Will you get it every week? No. Will you

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get it right out the gate starting using my concepts? No.

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But over time, you will eventually grow into that expectancy

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for a nice return of 50 pips per week. You can frame your

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entire career on that.