Skip to Content
Version 1.1 by Drunk Monkey on 2020-11-20 16:23
Hide last authors
Drunk Monkey 1.1 1 1
2 00:00:10,980 ~-~-> 00:00:13,980
3 ICT: Welcome back, folks, this is the ICT optimal trade
4
5 2
6 00:00:13,980 ~-~-> 00:00:17,340
7 entry pattern recognition series, volume number eight and a
8
9 3
10 00:00:17,340 ~-~-> 00:00:20,520
11 series of 20 videos and today's episode is going to be
12
13 4
14 00:00:20,580 ~-~-> 00:00:24,570
15 featuring the British Pound cable. Alright, so we already
16
17 5
18 00:00:24,570 ~-~-> 00:00:29,490
19 have our chart set to the five minute timeframe. Alright, so
20
21 6
22 00:00:29,490 ~-~-> 00:00:32,730
23 we're going to put some lipstick on this. And the reason why
24
25 7
26 00:00:32,730 ~-~-> 00:00:34,770
27 I'm going through it a little bit quicker than normal this.
28
29 8
30 00:00:35,280 ~-~-> 00:00:39,510
31 I'm going to show you a playback of a trade actually. It's
32
33 9
34 00:00:39,510 ~-~-> 00:00:45,270
35 being shown here. Friday, here's Friday's high, and this is
36
37 10
38 00:00:45,270 ~-~-> 00:00:48,540
39 Sunday trading. So if we're trading on Monday, disregard
40
41 11
42 00:00:48,540 ~-~-> 00:00:52,500
43 Sunday, consider Friday. Okay, Friday's high or Friday's low
44
45 12
46 00:00:52,650 ~-~-> 00:01:02,220
47 New York session 8:30am. Right there all the way to 11am New
48
49 13
50 00:01:02,220 ~-~-> 00:01:08,610
51 York time. And I'm going to zoom in to this little area
52
53 14
54 00:01:08,610 ~-~-> 00:01:11,550
55 right in here. Alright, so here's our five minute chart. And
56
57 15
58 00:01:11,550 ~-~-> 00:01:18,360
59 we're zoomed into Monday, May 18 2020. And again, in the New
60
61 16
62 00:01:18,360 ~-~-> 00:01:21,900
63 York session area where we highlight specific setups for
64
65 17
66 00:01:21,900 ~-~-> 00:01:25,440
67 this model. And for some of you that are actually familiar
68
69 18
70 00:01:25,440 ~-~-> 00:01:31,260
71 with this channel, it's not the ICT, New York kilson, we're
72
73 19
74 00:01:31,260 ~-~-> 00:01:36,780
75 actually giving you a wide 8:30am to 11am which takes us up
76
77 20
78 00:01:36,810 ~-~-> 00:01:42,330
79 into a little bit towards the midpoint of London clothes,
80
81 21
82 00:01:42,960 ~-~-> 00:01:49,680
83 and the heart of New York open. So it's kind of like a kill
84
85 22
86 00:01:49,680 ~-~-> 00:01:52,860
87 zone in itself, but not the one everyone's familiar with. So
88
89 23
90 00:01:52,860 ~-~-> 00:01:56,430
91 I created this model just to share with the public, so that
92
93 24
94 00:01:56,430 ~-~-> 00:01:59,310
95 way you guys can avoid having to pay anybody, okay? You
96
97 25
98 00:01:59,310 ~-~-> 00:02:01,560
99 don't have to pay for anything. Education, you don't have to
100
101 26
102 00:02:01,560 ~-~-> 00:02:03,660
103 join all these chat rooms, you ain't got to pay for the
104
105 27
106 00:02:03,660 ~-~-> 00:02:06,810
107 signal services. That's why I did this. Because I want to
108
109 28
110 00:02:06,810 ~-~-> 00:02:09,390
111 put those people out of business. I've already made my
112
113 29
114 00:02:09,390 ~-~-> 00:02:11,640
115 money, but they're all scratching the bottom of the barrel
116
117 30
118 00:02:11,640 ~-~-> 00:02:14,250
119 trying to get people to do something that they can't even
120
121 31
122 00:02:14,250 ~-~-> 00:02:16,890
123 make money with. So I'm proving it, because I'm giving it to
124
125 32
126 00:02:16,890 ~-~-> 00:02:19,890
127 you for free. And it didn't work. It wouldn't be shown to
128
129 33
130 00:02:19,890 ~-~-> 00:02:23,850
131 you here every single day. Now, I've received a lot of flack
132
133 34
134 00:02:23,850 ~-~-> 00:02:27,900
135 already. And I've expected that as well. folks saying, well,
136
137 35
138 00:02:27,900 ~-~-> 00:02:30,390
139 these are only just hindsight examples. Anybody can see this
140
141 36
142 00:02:30,390 ~-~-> 00:02:34,050
143 stuff after the fact. And that's all you ever do ICT is
144
145 37
146 00:02:34,050 ~-~-> 00:02:38,250
147 hindsight. And I want to just remind you all that hindsight
148
149 38
150 00:02:38,250 ~-~-> 00:02:41,730
151 is how everyone starts. And this is a series basically to
152
153 39
154 00:02:41,730 ~-~-> 00:02:46,470
155 try to inspire and motivate individuals because sometimes
156
157 40
158 00:02:46,830 ~-~-> 00:02:50,130
159 this industry can be rather daunting. There's a lot of
160
161 41
162 00:02:50,130 ~-~-> 00:02:53,790
163 things that are dangled in front of you, but they're mainly
164
165 42
166 00:02:53,790 ~-~-> 00:02:59,160
167 fluff, just about everyone I've seen on social media, and
168
169 43
170 00:02:59,160 ~-~-> 00:03:02,130
171 especially insulin gram are all frauds. None of them make
172
173 44
174 00:03:02,130 ~-~-> 00:03:06,030
175 money, not with trading, okay? And I'm proving that I can
176
177 45
178 00:03:06,030 ~-~-> 00:03:09,390
179 not only do it myself, but I can also transfer that
180
181 46
182 00:03:09,390 ~-~-> 00:03:11,880
183 information to someone else, and they can do the same thing.
184
185 47
186 00:03:12,390 ~-~-> 00:03:16,560
187 So, with that spirit in mind, that's why I've done this
188
189 48
190 00:03:16,590 ~-~-> 00:03:21,420
191 video series is to show you how a setup that is worked with
192
193 49
194 00:03:21,630 ~-~-> 00:03:25,440
195 very specific rule based ideas around the specific time day
196
197 50
198 00:03:25,890 ~-~-> 00:03:28,620
199 happens every single day, Monday through Friday, you can't
200
201 51
202 00:03:28,620 ~-~-> 00:03:30,720
203 ask for anything better than that. Alright, so looking at
204
205 52
206 00:03:30,750 ~-~-> 00:03:35,850
207 Friday's chart. Hi. So this line is up here. And we're gonna
208
209 53
210 00:03:35,850 ~-~-> 00:03:40,380
211 look at the optimal trade entry right here. Alright, so
212
213 54
214 00:03:40,380 ~-~-> 00:03:46,080
215 we're going to take our fib and draw it from this key low
216
217 55
218 00:03:46,080 ~-~-> 00:03:51,510
219 here, what makes us a key low, I'll tell you in a second. So
220
221 56
222 00:03:51,510 ~-~-> 00:03:55,230
223 there's our fib. And we're going to extend this out in time.
224
225 57
226 00:03:57,390 ~-~-> 00:04:00,000
227 And again, I apologize. I want to keep these videos really
228
229 58
230 00:04:00,000 ~-~-> 00:04:06,000
231 really short, but it's just gonna be a little bit more
232
233 59
234 00:04:07,410 ~-~-> 00:04:12,330
235 impactful if I show you the business. Alright, so here's the
236
237 60
238 00:04:12,330 ~-~-> 00:04:15,930
239 swing low. Here's our swing high, the retracement down into
240
241 61
242 00:04:15,930 ~-~-> 00:04:21,960
243 optimal trade entry in here. And you can see how price made
244
245 62
246 00:04:21,960 ~-~-> 00:04:24,990
247 a run above Now, look very carefully.
248
249 63
250 00:04:26,400 ~-~-> 00:04:29,430
251 Did it get to half of the standard deviation that makes up
252
253 64
254 00:04:29,460 ~-~-> 00:04:33,030
255 the fifth range? Okay, this is our dealing range. The
256
257 65
258 00:04:33,030 ~-~-> 00:04:36,630
259 projection never even got to point 50. You don't need it to
260
261 66
262 00:04:37,140 ~-~-> 00:04:42,120
263 remember the fib is just a ballpark figure. Markets don't
264
265 67
266 00:04:42,120 ~-~-> 00:04:45,420
267 move on fibs. Okay, that's not what it is the Fibonacci
268
269 68
270 00:04:45,870 ~-~-> 00:04:51,030
271 okay. Just helps me frame an idea that is very visual to a
272
273 69
274 00:04:51,030 ~-~-> 00:04:54,030
275 new trader. Okay. There's other things that's going on
276
277 70
278 00:04:54,030 ~-~-> 00:04:57,780
279 inside this swing that I don't really require this Fibonacci
280
281 71
282 00:04:57,930 ~-~-> 00:05:00,960
283 and most of my students in the mentorship don't require this
284
285 72
286 00:05:00,960 ~-~-> 00:05:04,470
287 Fibonacci either. But for a lay audience, people that are
288
289 73
290 00:05:04,470 ~-~-> 00:05:07,950
291 just warming up to me and people that just simply want to
292
293 74
294 00:05:07,950 ~-~-> 00:05:11,370
295 come back and watch more ICT videos, know that I use the fib
296
297 75
298 00:05:11,370 ~-~-> 00:05:15,690
299 just to help frame the idea. It doesn't need the fib, you
300
301 76
302 00:05:15,690 ~-~-> 00:05:20,250
303 don't need it. But it helps give the foundation to a trader
304
305 77
306 00:05:20,490 ~-~-> 00:05:26,490
307 that can't really see key price swings in a trend or a
308
309 78
310 00:05:26,850 ~-~-> 00:05:30,960
311 fractal of price action. Alright, so with that said, you see
312
313 79
314 00:05:30,960 ~-~-> 00:05:33,510
315 price comes down hits the optimal trade entry, and I
316
317 80
318 00:05:33,510 ~-~-> 00:05:37,110
319 actually entered right on this candle. Okay, now I did this
320
321 81
322 00:05:37,110 ~-~-> 00:05:41,730
323 for a particular reason. It's not important for you to get
324
325 82
326 00:05:41,820 ~-~-> 00:05:46,260
327 actually right inside that optimal trade entry. You don't
328
329 83
330 00:05:46,260 ~-~-> 00:05:50,520
331 need to get that. Now it's better if you can, but sometimes
332
333 84
334 00:05:50,520 ~-~-> 00:05:53,550
335 you're gonna sit down in front of the charts. And this is
336
337 85
338 00:05:53,550 ~-~-> 00:05:57,900
339 what happened today. I was talking to my son and I'm trying
340
341 86
342 00:05:57,900 ~-~-> 00:06:01,890
343 to get him going in terms of Learning how to do this on his
344
345 87
346 00:06:01,890 ~-~-> 00:06:05,760
347 own as well. And I sat down in front of the British Pound as
348
349 88
350 00:06:05,760 ~-~-> 00:06:08,160
351 I was talking to them. That's okay. Right now it's forming
352
353 89
354 00:06:08,160 ~-~-> 00:06:11,790
355 right now. And I went in real quick, open up trading view.
356
357 90
358 00:06:12,060 ~-~-> 00:06:15,720
359 And I did a trade and then entered it into the whole thing.
360
361 91
362 00:06:16,500 ~-~-> 00:06:22,020
363 So the idea is that it was going to run this short term
364
365 92
366 00:06:22,020 ~-~-> 00:06:26,520
367 high. But using the parameters for this model that I've made
368
369 93
370 00:06:26,520 ~-~-> 00:06:32,610
371 for YouTube reaching for an old high, which is Monday,
372
373 94
374 00:06:32,760 ~-~-> 00:06:35,520
375 reaching to Friday's high, and again, this is Friday's high
376
377 95
378 00:06:35,850 ~-~-> 00:06:38,790
379 price reaches up into it. And the whole business is running
380
381 96
382 00:06:38,790 ~-~-> 00:06:42,870
383 above these relative equal highs this high in this high. So
384
385 97
386 00:06:42,870 ~-~-> 00:06:46,890
387 there's gonna be liquidity above that. Alright. So yes, this
388
389 98
390 00:06:46,890 ~-~-> 00:06:48,690
391 is the pattern and yes, this is what it looks like in
392
393 99
394 00:06:48,690 ~-~-> 00:06:51,600
395 hindsight. And yes, you can see the candles I entered on and
396
397 100
398 00:06:51,600 ~-~-> 00:06:55,680
399 the candle I exited on. So you can actually see a recording
400
401 101
402 00:06:56,760 ~-~-> 00:07:01,590
403 of this trade and it's Here, and I'll just let it play out
404
405 102
406 00:07:01,590 ~-~-> 00:07:04,860
407 real quick. And then we'll finish this video. So you can see
408
409 103
410 00:07:04,890 ~-~-> 00:07:12,120
411 the entries there stop was at 2168. And I'm saying there's
412
413 104
414 00:07:12,120 ~-~-> 00:07:15,570
415 going to be a sudden expansion higher. And again, I'm
416
417 105
418 00:07:15,600 ~-~-> 00:07:18,840
419 showing you it's a live data pulled from trading the I had
420
421 106
422 00:07:18,840 ~-~-> 00:07:21,450
423 many people over the years asked me go on trading view, and
424
425 107
426 00:07:21,450 ~-~-> 00:07:25,200
427 I've done that I've abandoned mt four because it's proven
428
429 108
430 00:07:25,200 ~-~-> 00:07:30,810
431 that it can be faked and it's fraud. And here I am giving
432
433 109
434 00:07:30,810 ~-~-> 00:07:35,280
435 more of my commentary and again, drawing your focus up to
436
437 110
438 00:07:35,280 ~-~-> 00:07:40,110
439 those relative equal highs. As an order block that could be
440
441 111
442 00:07:40,110 ~-~-> 00:07:43,440
443 tapped, but it's not necessary. In other words, allowing for
444
445 112
446 00:07:43,440 ~-~-> 00:07:46,950
447 it to go that low and it would not change the trade. It runs
448
449 113
450 00:07:46,950 ~-~-> 00:07:54,120
451 up and expands above that high. And it just repeats in loops
452
453 114
454 00:07:54,120 ~-~-> 00:07:58,770
455 over on Twitter. So you can see that if you're a member of
456
457 115
458 00:07:58,770 ~-~-> 00:08:03,660
459 my Twitter feed And I've mentioned once in a while, if I
460
461 116
462 00:08:03,660 ~-~-> 00:08:06,750
463 feel inspired to do so, I'll draw your attention to
464
465 117
466 00:08:06,750 ~-~-> 00:08:09,240
467 something that has my eye, it doesn't mean I'm giving you an
468
469 118
470 00:08:09,270 ~-~-> 00:08:12,090
471 entry doesn't mean I'm giving you a stop and a target. I
472
473 119
474 00:08:12,090 ~-~-> 00:08:16,500
475 just draw everyone's attention to a specific market. And if
476
477 120
478 00:08:16,500 ~-~-> 00:08:19,560
479 you're familiar with my concepts, and if now if you're a
480
481 121
482 00:08:19,560 ~-~-> 00:08:23,490
483 student of this particular video series, then you'll know
484
485 122
486 00:08:23,700 ~-~-> 00:08:27,600
487 what I might be hinting at. And I don't play that both
488
489 123
490 00:08:27,600 ~-~-> 00:08:32,040
491 directions in whichever one pays out. I'm right there on one
492
493 124
494 00:08:32,040 ~-~-> 00:08:35,160
495 side, and either I'm right, or I'm wrong, and I'll leave
496
497 125
498 00:08:35,160 ~-~-> 00:08:37,770
499 that for you to decide over long term consistency.