OTE Pattern Recognition Series - Vol 08.srt

1
00:00:10,980 --> 00:00:13,980
ICT: Welcome back, folks, this is the ICT optimal trade

2
00:00:13,980 --> 00:00:17,340
entry pattern recognition series, volume number eight and a

3
00:00:17,340 --> 00:00:20,520
series of 20 videos and today's episode is going to be

4
00:00:20,580 --> 00:00:24,570
featuring the British Pound cable. Alright, so we already

5
00:00:24,570 --> 00:00:29,490
have our chart set to the five minute timeframe. Alright, so

6
00:00:29,490 --> 00:00:32,730
we're going to put some lipstick on this. And the reason why

7
00:00:32,730 --> 00:00:34,770
I'm going through it a little bit quicker than normal this.

8
00:00:35,280 --> 00:00:39,510
I'm going to show you a playback of a trade actually. It's

9
00:00:39,510 --> 00:00:45,270
being shown here. Friday, here's Friday's high, and this is

10
00:00:45,270 --> 00:00:48,540
Sunday trading. So if we're trading on Monday, disregard

11
00:00:48,540 --> 00:00:52,500
Sunday, consider Friday. Okay, Friday's high or Friday's low

12
00:00:52,650 --> 00:01:02,220
New York session 8:30am. Right there all the way to 11am New

13
00:01:02,220 --> 00:01:08,610
York time. And I'm going to zoom in to this little area

14
00:01:08,610 --> 00:01:11,550
right in here. Alright, so here's our five minute chart. And

15
00:01:11,550 --> 00:01:18,360
we're zoomed into Monday, May 18 2020. And again, in the New

16
00:01:18,360 --> 00:01:21,900
York session area where we highlight specific setups for

17
00:01:21,900 --> 00:01:25,440
this model. And for some of you that are actually familiar

18
00:01:25,440 --> 00:01:31,260
with this channel, it's not the ICT, New York kilson, we're

19
00:01:31,260 --> 00:01:36,780
actually giving you a wide 8:30am to 11am which takes us up

20
00:01:36,810 --> 00:01:42,330
into a little bit towards the midpoint of London clothes,

21
00:01:42,960 --> 00:01:49,680
and the heart of New York open. So it's kind of like a kill

22
00:01:49,680 --> 00:01:52,860
zone in itself, but not the one everyone's familiar with. So

23
00:01:52,860 --> 00:01:56,430
I created this model just to share with the public, so that

24
00:01:56,430 --> 00:01:59,310
way you guys can avoid having to pay anybody, okay? You

25
00:01:59,310 --> 00:02:01,560
don't have to pay for anything. Education, you don't have to

26
00:02:01,560 --> 00:02:03,660
join all these chat rooms, you ain't got to pay for the

27
00:02:03,660 --> 00:02:06,810
signal services. That's why I did this. Because I want to

28
00:02:06,810 --> 00:02:09,390
put those people out of business. I've already made my

29
00:02:09,390 --> 00:02:11,640
money, but they're all scratching the bottom of the barrel

30
00:02:11,640 --> 00:02:14,250
trying to get people to do something that they can't even

31
00:02:14,250 --> 00:02:16,890
make money with. So I'm proving it, because I'm giving it to

32
00:02:16,890 --> 00:02:19,890
you for free. And it didn't work. It wouldn't be shown to

33
00:02:19,890 --> 00:02:23,850
you here every single day. Now, I've received a lot of flack

34
00:02:23,850 --> 00:02:27,900
already. And I've expected that as well. folks saying, well,

35
00:02:27,900 --> 00:02:30,390
these are only just hindsight examples. Anybody can see this

36
00:02:30,390 --> 00:02:34,050
stuff after the fact. And that's all you ever do ICT is

37
00:02:34,050 --> 00:02:38,250
hindsight. And I want to just remind you all that hindsight

38
00:02:38,250 --> 00:02:41,730
is how everyone starts. And this is a series basically to

39
00:02:41,730 --> 00:02:46,470
try to inspire and motivate individuals because sometimes

40
00:02:46,830 --> 00:02:50,130
this industry can be rather daunting. There's a lot of

41
00:02:50,130 --> 00:02:53,790
things that are dangled in front of you, but they're mainly

42
00:02:53,790 --> 00:02:59,160
fluff, just about everyone I've seen on social media, and

43
00:02:59,160 --> 00:03:02,130
especially insulin gram are all frauds. None of them make

44
00:03:02,130 --> 00:03:06,030
money, not with trading, okay? And I'm proving that I can

45
00:03:06,030 --> 00:03:09,390
not only do it myself, but I can also transfer that

46
00:03:09,390 --> 00:03:11,880
information to someone else, and they can do the same thing.

47
00:03:12,390 --> 00:03:16,560
So, with that spirit in mind, that's why I've done this

48
00:03:16,590 --> 00:03:21,420
video series is to show you how a setup that is worked with

49
00:03:21,630 --> 00:03:25,440
very specific rule based ideas around the specific time day

50
00:03:25,890 --> 00:03:28,620
happens every single day, Monday through Friday, you can't

51
00:03:28,620 --> 00:03:30,720
ask for anything better than that. Alright, so looking at

52
00:03:30,750 --> 00:03:35,850
Friday's chart. Hi. So this line is up here. And we're gonna

53
00:03:35,850 --> 00:03:40,380
look at the optimal trade entry right here. Alright, so

54
00:03:40,380 --> 00:03:46,080
we're going to take our fib and draw it from this key low

55
00:03:46,080 --> 00:03:51,510
here, what makes us a key low, I'll tell you in a second. So

56
00:03:51,510 --> 00:03:55,230
there's our fib. And we're going to extend this out in time.

57
00:03:57,390 --> 00:04:00,000
And again, I apologize. I want to keep these videos really

58
00:04:00,000 --> 00:04:06,000
really short, but it's just gonna be a little bit more

59
00:04:07,410 --> 00:04:12,330
impactful if I show you the business. Alright, so here's the

60
00:04:12,330 --> 00:04:15,930
swing low. Here's our swing high, the retracement down into

61
00:04:15,930 --> 00:04:21,960
optimal trade entry in here. And you can see how price made

62
00:04:21,960 --> 00:04:24,990
a run above Now, look very carefully.

63
00:04:26,400 --> 00:04:29,430
Did it get to half of the standard deviation that makes up

64
00:04:29,460 --> 00:04:33,030
the fifth range? Okay, this is our dealing range. The

65
00:04:33,030 --> 00:04:36,630
projection never even got to point 50. You don't need it to

66
00:04:37,140 --> 00:04:42,120
remember the fib is just a ballpark figure. Markets don't

67
00:04:42,120 --> 00:04:45,420
move on fibs. Okay, that's not what it is the Fibonacci

68
00:04:45,870 --> 00:04:51,030
okay. Just helps me frame an idea that is very visual to a

69
00:04:51,030 --> 00:04:54,030
new trader. Okay. There's other things that's going on

70
00:04:54,030 --> 00:04:57,780
inside this swing that I don't really require this Fibonacci

71
00:04:57,930 --> 00:05:00,960
and most of my students in the mentorship don't require this

72
00:05:00,960 --> 00:05:04,470
Fibonacci either. But for a lay audience, people that are

73
00:05:04,470 --> 00:05:07,950
just warming up to me and people that just simply want to

74
00:05:07,950 --> 00:05:11,370
come back and watch more ICT videos, know that I use the fib

75
00:05:11,370 --> 00:05:15,690
just to help frame the idea. It doesn't need the fib, you

76
00:05:15,690 --> 00:05:20,250
don't need it. But it helps give the foundation to a trader

77
00:05:20,490 --> 00:05:26,490
that can't really see key price swings in a trend or a

78
00:05:26,850 --> 00:05:30,960
fractal of price action. Alright, so with that said, you see

79
00:05:30,960 --> 00:05:33,510
price comes down hits the optimal trade entry, and I

80
00:05:33,510 --> 00:05:37,110
actually entered right on this candle. Okay, now I did this

81
00:05:37,110 --> 00:05:41,730
for a particular reason. It's not important for you to get

82
00:05:41,820 --> 00:05:46,260
actually right inside that optimal trade entry. You don't

83
00:05:46,260 --> 00:05:50,520
need to get that. Now it's better if you can, but sometimes

84
00:05:50,520 --> 00:05:53,550
you're gonna sit down in front of the charts. And this is

85
00:05:53,550 --> 00:05:57,900
what happened today. I was talking to my son and I'm trying

86
00:05:57,900 --> 00:06:01,890
to get him going in terms of Learning how to do this on his

87
00:06:01,890 --> 00:06:05,760
own as well. And I sat down in front of the British Pound as

88
00:06:05,760 --> 00:06:08,160
I was talking to them. That's okay. Right now it's forming

89
00:06:08,160 --> 00:06:11,790
right now. And I went in real quick, open up trading view.

90
00:06:12,060 --> 00:06:15,720
And I did a trade and then entered it into the whole thing.

91
00:06:16,500 --> 00:06:22,020
So the idea is that it was going to run this short term

92
00:06:22,020 --> 00:06:26,520
high. But using the parameters for this model that I've made

93
00:06:26,520 --> 00:06:32,610
for YouTube reaching for an old high, which is Monday,

94
00:06:32,760 --> 00:06:35,520
reaching to Friday's high, and again, this is Friday's high

95
00:06:35,850 --> 00:06:38,790
price reaches up into it. And the whole business is running

96
00:06:38,790 --> 00:06:42,870
above these relative equal highs this high in this high. So

97
00:06:42,870 --> 00:06:46,890
there's gonna be liquidity above that. Alright. So yes, this

98
00:06:46,890 --> 00:06:48,690
is the pattern and yes, this is what it looks like in

99
00:06:48,690 --> 00:06:51,600
hindsight. And yes, you can see the candles I entered on and

100
00:06:51,600 --> 00:06:55,680
the candle I exited on. So you can actually see a recording

101
00:06:56,760 --> 00:07:01,590
of this trade and it's Here, and I'll just let it play out

102
00:07:01,590 --> 00:07:04,860
real quick. And then we'll finish this video. So you can see

103
00:07:04,890 --> 00:07:12,120
the entries there stop was at 2168. And I'm saying there's

104
00:07:12,120 --> 00:07:15,570
going to be a sudden expansion higher. And again, I'm

105
00:07:15,600 --> 00:07:18,840
showing you it's a live data pulled from trading the I had

106
00:07:18,840 --> 00:07:21,450
many people over the years asked me go on trading view, and

107
00:07:21,450 --> 00:07:25,200
I've done that I've abandoned mt four because it's proven

108
00:07:25,200 --> 00:07:30,810
that it can be faked and it's fraud. And here I am giving

109
00:07:30,810 --> 00:07:35,280
more of my commentary and again, drawing your focus up to

110
00:07:35,280 --> 00:07:40,110
those relative equal highs. As an order block that could be

111
00:07:40,110 --> 00:07:43,440
tapped, but it's not necessary. In other words, allowing for

112
00:07:43,440 --> 00:07:46,950
it to go that low and it would not change the trade. It runs

113
00:07:46,950 --> 00:07:54,120
up and expands above that high. And it just repeats in loops

114
00:07:54,120 --> 00:07:58,770
over on Twitter. So you can see that if you're a member of

115
00:07:58,770 --> 00:08:03,660
my Twitter feed And I've mentioned once in a while, if I

116
00:08:03,660 --> 00:08:06,750
feel inspired to do so, I'll draw your attention to

117
00:08:06,750 --> 00:08:09,240
something that has my eye, it doesn't mean I'm giving you an

118
00:08:09,270 --> 00:08:12,090
entry doesn't mean I'm giving you a stop and a target. I

119
00:08:12,090 --> 00:08:16,500
just draw everyone's attention to a specific market. And if

120
00:08:16,500 --> 00:08:19,560
you're familiar with my concepts, and if now if you're a

121
00:08:19,560 --> 00:08:23,490
student of this particular video series, then you'll know

122
00:08:23,700 --> 00:08:27,600
what I might be hinting at. And I don't play that both

123
00:08:27,600 --> 00:08:32,040
directions in whichever one pays out. I'm right there on one

124
00:08:32,040 --> 00:08:35,160
side, and either I'm right, or I'm wrong, and I'll leave

125
00:08:35,160 --> 00:08:37,770
that for you to decide over long term consistency.