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Last modified by Drunk Monkey on 2021-06-10 10:05
From version 1.1
edited by Drunk Monkey
on 2020-11-20 16:23
Change comment: There is no comment for this version
To version 2.1
edited by Drunk Monkey
on 2021-06-10 10:05
Change comment: There is no comment for this version

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1 -1
2 -00:00:11,280 ~-~-> 00:00:14,220
3 -ICT: Okay folks, welcome back. This is video number 10 in a
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2 +|1 |00:00:11,280 ~-~-> 00:00:19,110 |ICT: Okay folks, welcome back. This is video number 10 and a continuing series of 20 videos for the ICT optimal trade entry pattern recognition series.
3 +|2 |00:00:20,760 ~-~-> 00:00:28,410 |Alright, so today's example is going to be on the Australian dollar versus the US dollar. And we have our chart already trained in on the five minute chart, I
4 +|3 |00:00:28,410 ~-~-> 00:00:42,750 |want you to take a look at the chart and pause the video. Alright is your last warning before I show you the lipstick on the chart? Alright, so we have
5 +|4 |00:00:42,780 ~-~-> 00:00:55,860 |Tuesday's previous daily high annotated here, the beginning of May 20 2020. And we have our New York session, time of day delineated on our chart. So we're
6 +|5 |00:00:55,860 ~-~-> 00:01:06,840 |looking for price to run above Tuesday's daily high, you can see it's reaching up for it there. It's it just pierces it very very, very modestly. And then it
7 +|6 |00:01:06,840 ~-~-> 00:01:21,660 |retraces down into our time of day. And we're going to add our fib There's our fib here on our low to high optimal trade entry beautiful touch 279 treatment
8 +|7 |00:01:21,660 ~-~-> 00:01:34,410 |level, touches it again at the 70.5 low which is a sweet spot. And price expands above comes back find some support at previous day, the high end price runs and
9 +|8 |00:01:34,410 ~-~-> 00:01:46,710 |expands above the big figure point 6600 level. Now, for the fib I've shown you this in the first video, I just want to show you the levels again, like that.
10 +|9 |00:01:47,460 ~-~-> 00:01:58,350 |People asking on Twitter. Those are the levels that are highlighted on this fib. And the one I've added but said in one of that Can you recall what video was in
11 +|10 |00:01:58,350 ~-~-> 00:02:10,260 |this series, but you can add a negative 1.5 level. And you can see that being applied here. Okay, so that way, you have your half standard deviation for
12 +|11 |00:02:10,260 ~-~-> 00:02:22,830 |standard deviation, one and a half standard deviation and two standard deviations further look with the details here. 65 776 entry right up to 62%
13 +|12 |00:02:22,830 ~-~-> 00:02:40,110 |treatment level, your fill will be on this candle here. And using a 10 PIP stop 30 pips is offered when we're using points 6610 as our target. So the big figure
14 +|13 |00:02:40,110 ~-~-> 00:02:51,330 |in here, which would be read about in here, point 660 doesn't really line up with any of the fib. But if we're gonna run above Tuesday's high, it's probably
15 +|14 |00:02:51,330 ~-~-> 00:02:59,250 |going to run above the big figure. So it's nice to be able to capture some kind of a movement above that big figure. Now, you can simply just use the one
16 +|15 |00:02:59,250 ~-~-> 00:03:12,600 |standard deviation here. And that would be point 6600. Again, rounding down not demanding that 6603 and to pit bets. So we're just using the fib. Again, as a
17 +|16 |00:03:12,600 ~-~-> 00:03:27,150 |framework, it's just a rough idea in terms of the basic profile to the trade, it doesn't require or we don't rather demand that these fib levels get hit, it just
18 +|17 |00:03:27,150 ~-~-> 00:03:39,150 |helps us structure, the trade. And where we can put our entries in what our stops are going to be in in projected up for potential targets. But we use the
19 +|18 |00:03:39,150 ~-~-> 00:03:56,850 |liquidity above this old high as the real framework. And the big figure level I'll add here just for completeness sake. So you can appreciate the running
20 +|19 |00:03:56,850 ~-~-> 00:04:06,270 |liquidity above that. Okay, so it's not that we're requiring this absolute high I have tools and techniques that will give you this very high, but it's not
21 +|20 |00:04:06,270 ~-~-> 00:04:12,810 |important, especially not in the scope of a YouTube video series. Okay, hopefully you found this insightful until next time, I wish you good luck and
22 +|21 |00:04:12,810 ~-~-> 00:04:13,320 |good trading.
4 4  
5 -2
6 -00:00:14,220 ~-~-> 00:00:17,130
7 -continuing series of 20 videos for the ICT optimal trade
8 -
9 -3
10 -00:00:17,130 ~-~-> 00:00:21,510
11 -entry pattern recognition series. Alright, so today's
12 -
13 -4
14 -00:00:21,510 ~-~-> 00:00:24,210
15 -example is going to be on the Australian dollar versus the
16 -
17 -5
18 -00:00:24,210 ~-~-> 00:00:27,390
19 -US dollar and we have our chart already trained in on the
20 -
21 -6
22 -00:00:27,390 ~-~-> 00:00:29,730
23 -five minute chart, I want you to take a look at the chart
24 -
25 -7
26 -00:00:30,090 ~-~-> 00:00:37,740
27 -and pause the video. Alright, this is your last warning
28 -
29 -8
30 -00:00:37,740 ~-~-> 00:00:42,240
31 -before I show you the lipstick on the chart. All right, so
32 -
33 -9
34 -00:00:42,240 ~-~-> 00:00:46,980
35 -we have Tuesday's previous daily high annotated here, the
36 -
37 -10
38 -00:00:46,980 ~-~-> 00:00:52,050
39 -beginning of May 20 2020. And we have our New York session.
40 -
41 -11
42 -00:00:53,010 ~-~-> 00:00:56,610
43 -time of day delineated on our chart. So we're looking for
44 -
45 -12
46 -00:00:56,910 ~-~-> 00:01:00,600
47 -price to run above Tuesday's daily high See it's reaching
48 -
49 -13
50 -00:01:00,600 ~-~-> 00:01:04,920
51 -out for their hits it just pierces it very very very
52 -
53 -14
54 -00:01:05,160 ~-~-> 00:01:10,230
55 -modestly. And then it retraces down into our time of day.
56 -
57 -15
58 -00:01:11,430 ~-~-> 00:01:18,030
59 -And we're going to add our fib fib here on our low to high
60 -
61 -16
62 -00:01:18,420 ~-~-> 00:01:22,110
63 -optimal trade entry beautiful touch 279 tracing a level
64 -
65 -17
66 -00:01:22,980 ~-~-> 00:01:26,970
67 -touches it again at the 70.5 vo which is a sweet spot and
68 -
69 -18
70 -00:01:26,970 ~-~-> 00:01:31,590
71 -price expands above comes back find some support at previous
72 -
73 -19
74 -00:01:31,590 ~-~-> 00:01:36,720
75 -daily high and price runs and expands above the big finger
76 -
77 -20
78 -00:01:36,720 ~-~-> 00:01:44,160
79 -point 6600 level. Now for the fib I've shown you this in the
80 -
81 -21
82 -00:01:44,160 ~-~-> 00:01:46,110
83 -first video but just want to show you the levels again
84 -
85 -22
86 -00:01:46,110 ~-~-> 00:01:51,630
87 -because I got people asking on Twitter. Those are the levels
88 -
89 -23
90 -00:01:51,630 ~-~-> 00:01:55,410
91 -that are highlighted on this fib and the one I've added but
92 -
93 -24
94 -00:01:55,410 ~-~-> 00:01:58,440
95 -said in one of that game recall what woody it was in the
96 -
97 -25
98 -00:01:58,440 ~-~-> 00:02:04,950
99 -series, but it's You can add a negative 1.5 level and you
100 -
101 -26
102 -00:02:04,950 ~-~-> 00:02:07,980
103 -can see that being applied here, okay, so that way you have
104 -
105 -27
106 -00:02:08,430 ~-~-> 00:02:11,400
107 -your half standard deviation, full standard deviation, one
108 -
109 -28
110 -00:02:11,400 ~-~-> 00:02:13,830
111 -and a half standard deviation and two standard deviations
112 -
113 -29
114 -00:02:13,920 ~-~-> 00:02:22,230
115 -further look with the details here 65 776 entry rate at the
116 -
117 -30
118 -00:02:22,230 ~-~-> 00:02:24,780
119 -60 penetration level, you're filled with me on this candle
120 -
121 -31
122 -00:02:24,780 ~-~-> 00:02:34,080
123 -here. And using a 10 PIP stop 30 pips is offered when we're
124 -
125 -32
126 -00:02:34,080 ~-~-> 00:02:40,380
127 -using points 610 as our target. So the big figure in here,
128 -
129 -33
130 -00:02:40,380 ~-~-> 00:02:46,890
131 -which would be right about in here, point 660 doesn't really
132 -
133 -34
134 -00:02:46,890 ~-~-> 00:02:49,770
135 -line up with any of the fib. But if we're going to run above
136 -
137 -35
138 -00:02:49,770 ~-~-> 00:02:52,110
139 -Tuesday's high, it's probably going to run above the big
140 -
141 -36
142 -00:02:52,110 ~-~-> 00:02:54,930
143 -figure. So it's nice to be able to capture some kind of
144 -
145 -37
146 -00:02:54,930 ~-~-> 00:02:58,560
147 -movement above that big figure. Now, you can simply just use
148 -
149 -38
150 -00:02:58,920 ~-~-> 00:03:02,460
151 -the one standard deviation Here, and that would be point
152 -
153 -39
154 -00:03:02,460 ~-~-> 00:03:09,630
155 -6600. Again, rounding down not demanding that 6603 and two
156 -
157 -40
158 -00:03:09,630 ~-~-> 00:03:12,600
159 -PIP bets. So we're we're just using the fib. Again, as a
160 -
161 -41
162 -00:03:12,600 ~-~-> 00:03:19,140
163 -framework, it's just a rough idea in terms of the basic
164 -
165 -42
166 -00:03:19,860 ~-~-> 00:03:24,330
167 -profile to the trade. It doesn't require or we don't rather
168 -
169 -43
170 -00:03:24,720 ~-~-> 00:03:27,600
171 -demand that these fib levels get hit, it just helps us
172 -
173 -44
174 -00:03:27,600 ~-~-> 00:03:31,500
175 -structure, the trade. And where we can put our entries in
176 -
177 -45
178 -00:03:31,500 ~-~-> 00:03:34,890
179 -when our stops are going to be in, projected up for
180 -
181 -46
182 -00:03:34,920 ~-~-> 00:03:40,230
183 -potential targets. But we use the liquidity above this old
184 -
185 -47
186 -00:03:40,230 ~-~-> 00:03:47,400
187 -high as the real framework and the big figure level I'll add
188 -
189 -48
190 -00:03:47,400 ~-~-> 00:03:51,780
191 -here just for completeness sake. So you can appreciate the
192 -
193 -49
194 -00:03:56,460 ~-~-> 00:03:59,850
195 -running liquidity above that, okay, so it's not that we're
196 -
197 -50
198 -00:03:59,850 ~-~-> 00:04:02,760
199 -waiting Requiring this absolute high I have tools and
200 -
201 -51
202 -00:04:02,760 ~-~-> 00:04:06,270
203 -techniques that will give you this very high, but it's not
204 -
205 -52
206 -00:04:06,270 ~-~-> 00:04:08,790
207 -important especially not in the scope of a YouTube video
208 -
209 -53
210 -00:04:08,790 ~-~-> 00:04:11,520
211 -series. Okay, hopefully you found this insightful until next
212 -
213 -54
214 -00:04:11,520 ~-~-> 00:04:13,290
215 -time, I wish you good luck and good trading.