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Version 1.1 by Drunk Monkey on 2020-11-20 16:23
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3 ICT: Welcome back, folks, this is the ICT optimal trade
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7 entry pattern recognition series, volume number eight and a
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11 series of 20 videos and today's episode is going to be
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15 featuring the British Pound cable. Alright, so we already
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19 have our chart set to the five minute timeframe. Alright, so
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23 we're going to put some lipstick on this. And the reason why
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27 I'm going through it a little bit quicker than normal this.
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31 I'm going to show you a playback of a trade actually. It's
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35 being shown here. Friday, here's Friday's high, and this is
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39 Sunday trading. So if we're trading on Monday, disregard
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43 Sunday, consider Friday. Okay, Friday's high or Friday's low
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47 New York session 8:30am. Right there all the way to 11am New
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51 York time. And I'm going to zoom in to this little area
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55 right in here. Alright, so here's our five minute chart. And
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59 we're zoomed into Monday, May 18 2020. And again, in the New
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63 York session area where we highlight specific setups for
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67 this model. And for some of you that are actually familiar
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71 with this channel, it's not the ICT, New York kilson, we're
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75 actually giving you a wide 8:30am to 11am which takes us up
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79 into a little bit towards the midpoint of London clothes,
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83 and the heart of New York open. So it's kind of like a kill
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87 zone in itself, but not the one everyone's familiar with. So
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91 I created this model just to share with the public, so that
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95 way you guys can avoid having to pay anybody, okay? You
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99 don't have to pay for anything. Education, you don't have to
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103 join all these chat rooms, you ain't got to pay for the
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107 signal services. That's why I did this. Because I want to
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111 put those people out of business. I've already made my
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115 money, but they're all scratching the bottom of the barrel
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119 trying to get people to do something that they can't even
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123 make money with. So I'm proving it, because I'm giving it to
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127 you for free. And it didn't work. It wouldn't be shown to
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131 you here every single day. Now, I've received a lot of flack
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135 already. And I've expected that as well. folks saying, well,
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139 these are only just hindsight examples. Anybody can see this
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143 stuff after the fact. And that's all you ever do ICT is
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147 hindsight. And I want to just remind you all that hindsight
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151 is how everyone starts. And this is a series basically to
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155 try to inspire and motivate individuals because sometimes
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159 this industry can be rather daunting. There's a lot of
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163 things that are dangled in front of you, but they're mainly
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167 fluff, just about everyone I've seen on social media, and
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171 especially insulin gram are all frauds. None of them make
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175 money, not with trading, okay? And I'm proving that I can
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179 not only do it myself, but I can also transfer that
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183 information to someone else, and they can do the same thing.
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187 So, with that spirit in mind, that's why I've done this
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191 video series is to show you how a setup that is worked with
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195 very specific rule based ideas around the specific time day
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199 happens every single day, Monday through Friday, you can't
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203 ask for anything better than that. Alright, so looking at
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207 Friday's chart. Hi. So this line is up here. And we're gonna
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211 look at the optimal trade entry right here. Alright, so
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215 we're going to take our fib and draw it from this key low
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219 here, what makes us a key low, I'll tell you in a second. So
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223 there's our fib. And we're going to extend this out in time.
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227 And again, I apologize. I want to keep these videos really
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231 really short, but it's just gonna be a little bit more
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235 impactful if I show you the business. Alright, so here's the
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239 swing low. Here's our swing high, the retracement down into
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243 optimal trade entry in here. And you can see how price made
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247 a run above Now, look very carefully.
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251 Did it get to half of the standard deviation that makes up
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255 the fifth range? Okay, this is our dealing range. The
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259 projection never even got to point 50. You don't need it to
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263 remember the fib is just a ballpark figure. Markets don't
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267 move on fibs. Okay, that's not what it is the Fibonacci
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271 okay. Just helps me frame an idea that is very visual to a
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275 new trader. Okay. There's other things that's going on
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279 inside this swing that I don't really require this Fibonacci
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283 and most of my students in the mentorship don't require this
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287 Fibonacci either. But for a lay audience, people that are
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291 just warming up to me and people that just simply want to
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295 come back and watch more ICT videos, know that I use the fib
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299 just to help frame the idea. It doesn't need the fib, you
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303 don't need it. But it helps give the foundation to a trader
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307 that can't really see key price swings in a trend or a
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311 fractal of price action. Alright, so with that said, you see
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315 price comes down hits the optimal trade entry, and I
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319 actually entered right on this candle. Okay, now I did this
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323 for a particular reason. It's not important for you to get
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327 actually right inside that optimal trade entry. You don't
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331 need to get that. Now it's better if you can, but sometimes
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335 you're gonna sit down in front of the charts. And this is
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339 what happened today. I was talking to my son and I'm trying
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343 to get him going in terms of Learning how to do this on his
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347 own as well. And I sat down in front of the British Pound as
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351 I was talking to them. That's okay. Right now it's forming
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355 right now. And I went in real quick, open up trading view.
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359 And I did a trade and then entered it into the whole thing.
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363 So the idea is that it was going to run this short term
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367 high. But using the parameters for this model that I've made
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371 for YouTube reaching for an old high, which is Monday,
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375 reaching to Friday's high, and again, this is Friday's high
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379 price reaches up into it. And the whole business is running
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383 above these relative equal highs this high in this high. So
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387 there's gonna be liquidity above that. Alright. So yes, this
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391 is the pattern and yes, this is what it looks like in
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395 hindsight. And yes, you can see the candles I entered on and
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399 the candle I exited on. So you can actually see a recording
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403 of this trade and it's Here, and I'll just let it play out
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407 real quick. And then we'll finish this video. So you can see
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411 the entries there stop was at 2168. And I'm saying there's
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415 going to be a sudden expansion higher. And again, I'm
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419 showing you it's a live data pulled from trading the I had
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423 many people over the years asked me go on trading view, and
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427 I've done that I've abandoned mt four because it's proven
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431 that it can be faked and it's fraud. And here I am giving
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435 more of my commentary and again, drawing your focus up to
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439 those relative equal highs. As an order block that could be
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443 tapped, but it's not necessary. In other words, allowing for
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447 it to go that low and it would not change the trade. It runs
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451 up and expands above that high. And it just repeats in loops
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455 over on Twitter. So you can see that if you're a member of
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459 my Twitter feed And I've mentioned once in a while, if I
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463 feel inspired to do so, I'll draw your attention to
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467 something that has my eye, it doesn't mean I'm giving you an
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471 entry doesn't mean I'm giving you a stop and a target. I
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475 just draw everyone's attention to a specific market. And if
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479 you're familiar with my concepts, and if now if you're a
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483 student of this particular video series, then you'll know
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487 what I might be hinting at. And I don't play that both
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491 directions in whichever one pays out. I'm right there on one
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495 side, and either I'm right, or I'm wrong, and I'll leave
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499 that for you to decide over long term consistency.