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Last modified by Drunk Monkey on 2021-06-10 10:04
From version 1.1
edited by Drunk Monkey
on 2020-11-20 16:22
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To version 2.1
edited by Drunk Monkey
on 2021-06-10 10:04
Change comment: There is no comment for this version

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3 -ICT: Okay, folks, welcome back. This is volume five in a
1 +(% class="hover min" %)
2 +|1 |00:00:11,040 ~-~-> 00:00:21,300 |ICT: Okay, folks, welcome back. This is volume five in a series of 20 videos from the ICT optimal trade entry pattern recognition series. Alright, so we're
3 +|2 |00:00:21,300 ~-~-> 00:00:35,100 |looking at the E mini s&p, the June contract for 2020. And I've already given you an example with the s&p recently in this series, it was revolving around the
4 +|3 |00:00:35,100 ~-~-> 00:00:46,230 |previous week's Friday's high. And we put that on here now. So we projected that out that was an opportunity here and then later on, came back and gave an
5 +|4 |00:00:46,230 ~-~-> 00:00:54,660 |opportunity to trade into that level. Again, I said it once it got up into that level, I'd be done with that idea, that trade idea. And it has moved over 130
6 +|5 |00:00:54,840 ~-~-> 00:01:05,100 |handles for the s&p, which is pretty significant. But the framework is obviously it's bearish leading up into this setup we're outlining here, for our example
7 +|6 |00:01:05,100 ~-~-> 00:01:15,630 |for May 13 2020. So the previous day's low is here, the 12th of may 2020. That's what we will be targeting, we're going to drop down into the five minute chart
8 +|7 |00:01:15,630 ~-~-> 00:01:26,130 |case, here's the five minute chart. And we're going to put our lipstick on this pig here. Here is the previous day or the 12th. Low below that would be sellside
9 +|8 |00:01:26,130 ~-~-> 00:01:36,900 |liquidity. And we've already outlined the fact on that hourly chart the bearish market structure and seeking liquidity below the previous day's low. Here's our
10 +|9 |00:01:36,900 ~-~-> 00:01:48,660 |New York session. So inside of this area here. Okay, we're looking for a setup. And here's the high, we trade down to this low and start retracing inside the
11 +|10 |00:01:48,660 ~-~-> 00:01:59,370 |New York session, trading up into the bearish order block, which is that last upclose candle right here trades into the end of that. And your entry would be
12 +|11 |00:01:59,550 ~-~-> 00:02:09,360 |2865. In theory, stock would be above the high here, trading down to the low of the optimal trade entry. Since we're dealing with the s&p. We're not talking
13 +|12 |00:02:09,360 ~-~-> 00:02:21,780 |about pips, so we're dealing specifically with the range. So the range low, that would offer over 30 handles on the s&p, and then a second partial at plus 50
14 +|13 |00:02:21,780 ~-~-> 00:02:31,920 |handles at half of the projected standard deviation, no words, the range is here. Okay, so we have this high to this low, half of that range is this level,
15 +|14 |00:02:32,040 ~-~-> 00:02:43,290 |that's what this is all about. And then one full standard deviation of this range or projection down would send us into that 2788 and three quarters for
16 +|15 |00:02:43,290 ~-~-> 00:02:52,500 |plus 75 handles for your third partial and look the beautiful response at that. Now this is all again, based on the liquidity below the previous day's low. It's
17 +|16 |00:02:52,500 ~-~-> 00:03:00,660 |not the magic of the fib fib has absolutely nothing to do with the reasons why price is going down. And the reason why it's going down there is there's
18 +|17 |00:03:00,660 ~-~-> 00:03:08,610 |liquidity resting below this low markets gonna seek that liquidity not always in a single run down into it and I take several passes to get down to it as it does
19 +|18 |00:03:08,610 ~-~-> 00:03:17,220 |here and then we had a nice little retracement there. And we'll probably look forward to gravitate back to the 12th or the low of the 12th rather. So that's
20 +|19 |00:03:17,220 ~-~-> 00:03:21,930 |going to be it for this example. I hope you found it insightful until next time, I wish you good luck and good trading
4 4  
5 -2
6 -00:00:14,430 ~-~-> 00:00:18,900
7 -series of 20 videos from the ICT optimal trade entry pattern
8 -
9 -3
10 -00:00:18,900 ~-~-> 00:00:22,440
11 -recognition series. Alright, so we're looking at the E mini
12 -
13 -4
14 -00:00:22,440 ~-~-> 00:00:28,440
15 -s&p, the June contract for 2020. And I've already given you
16 -
17 -5
18 -00:00:28,440 ~-~-> 00:00:33,900
19 -an example with the s&p recently in this series, it was
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22 -00:00:34,170 ~-~-> 00:00:38,880
23 -revolving around the previous week's Friday's high. And we
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25 -7
26 -00:00:38,880 ~-~-> 00:00:42,510
27 -put that on here now. So we projected that out that was an
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30 -00:00:42,510 ~-~-> 00:00:46,200
31 -opportunity here and then later on, came back and gave an
32 -
33 -9
34 -00:00:46,200 ~-~-> 00:00:48,210
35 -opportunity to trade into that level. Again, I said it once
36 -
37 -10
38 -00:00:48,210 ~-~-> 00:00:50,520
39 -it got up into that level, I'd be done with that idea, that
40 -
41 -11
42 -00:00:50,520 ~-~-> 00:00:56,340
43 -trade idea and has moved over 130 handles for the SMP, which
44 -
45 -12
46 -00:00:56,340 ~-~-> 00:01:00,000
47 -is pretty significant, but the framework is obviously it's
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50 -00:01:00,900 ~-~-> 00:01:04,500
51 -bearish leading up into the setup we're outlining here for
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53 -14
54 -00:01:04,500 ~-~-> 00:01:09,600
55 -our example for May 13 2020. So the previous day's low is
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57 -15
58 -00:01:09,600 ~-~-> 00:01:13,620
59 -here the 12th of may 2020. That's what we will be targeting,
60 -
61 -16
62 -00:01:13,620 ~-~-> 00:01:15,900
63 -we're going to drop down into the five minute chart case,
64 -
65 -17
66 -00:01:15,900 ~-~-> 00:01:18,660
67 -here's the five minute chart. And we're gonna put our
68 -
69 -18
70 -00:01:18,660 ~-~-> 00:01:23,850
71 -lipstick on this pig here, here is the previous day or the
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73 -19
74 -00:01:23,850 ~-~-> 00:01:28,050
75 -12th low below that would be sell side liquidity. And we've
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77 -20
78 -00:01:28,050 ~-~-> 00:01:31,290
79 -already outlined the fact on that hourly chart the bearish
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82 -00:01:31,290 ~-~-> 00:01:34,410
83 -market structure and seeking liquidity below the previous
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85 -22
86 -00:01:34,410 ~-~-> 00:01:39,420
87 -day's low. Here's our New York session. So inside of this
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89 -23
90 -00:01:39,420 ~-~-> 00:01:45,330
91 -area here Okay, we're looking for a set up and here's the hi
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93 -24
94 -00:01:45,660 ~-~-> 00:01:48,780
95 -we trade down to this low start retracing inside the New
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98 -00:01:48,780 ~-~-> 00:01:52,260
99 -York session, trading up into the bearish order block which
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101 -26
102 -00:01:52,260 ~-~-> 00:01:56,850
103 -is that last up close candle right here towards the end of
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105 -27
106 -00:01:56,850 ~-~-> 00:02:01,980
107 -that and your entry would be 28 65 in theory stop would be
108 -
109 -28
110 -00:02:01,980 ~-~-> 00:02:06,600
111 -above the high here, trading down to the low the optimal
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114 -00:02:06,600 ~-~-> 00:02:09,060
115 -trade entry since we're dealing with the SMP, we're not
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118 -00:02:09,060 ~-~-> 00:02:11,610
119 -talking about pips, so we're dealing specifically with the
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121 -31
122 -00:02:11,610 ~-~-> 00:02:17,430
123 -range. So the range low would offer over 30 handles on the
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127 -SMP and then a second partial at plus 50 handles at half of
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129 -33
130 -00:02:24,240 ~-~-> 00:02:27,570
131 -the projected standard deviation. In other words, the range
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133 -34
134 -00:02:27,570 ~-~-> 00:02:30,930
135 -is here. Okay, so we have this high to this low, half that
136 -
137 -35
138 -00:02:30,930 ~-~-> 00:02:34,290
139 -range is this level, that's what this is all about. And then
140 -
141 -36
142 -00:02:34,290 ~-~-> 00:02:37,710
143 -one full standard deviation of this range or projection down
144 -
145 -37
146 -00:02:38,250 ~-~-> 00:02:44,490
147 -would send us into that 2788 and three quarters for plus 75.
148 -
149 -38
150 -00:02:44,670 ~-~-> 00:02:47,820
151 -handles for your third partial Look, the beautiful response
152 -
153 -39
154 -00:02:47,820 ~-~-> 00:02:50,910
155 -to that. Now this is all again, based on the liquidity below
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159 -the previous day's low. It's not the magic of the fib fib
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163 -has absolutely nothing to do with the reasons why price is
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167 -going down and the reason why it's going down there. is
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171 -there's liquidity resting below this low markets gonna seek
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175 -that liquidity not always in a single run down into it and I
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179 -take several passes to get down to it as it does here and
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183 -then we had a nice little retracement there. And we'll
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185 -47
186 -00:03:11,730 ~-~-> 00:03:15,750
187 -probably look for gravitate back to the 12th or the low of
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189 -48
190 -00:03:15,750 ~-~-> 00:03:18,780
191 -the 12th rather. So that's gonna be it for this example. I
192 -
193 -49
194 -00:03:18,780 ~-~-> 00:03:20,610
195 -hope you found it insightful. Until next time, I wish you
196 -
197 -50
198 -00:03:20,610 ~-~-> 00:03:21,900
199 -good luck and good trading.