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Last modified by Drunk Monkey on 2021-06-10 10:03
From version 2.1
edited by Drunk Monkey
on 2020-11-20 17:17
Change comment: There is no comment for this version
To version 3.1
edited by Drunk Monkey
on 2021-06-10 10:03
Change comment: There is no comment for this version

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2 -00:00:10,740 ~-~-> 00:00:13,500
3 -ICT: Welcome back folks, this is the 11th video in a series
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2 +|1 |00:00:10,740 ~-~-> 00:00:18,990 |ICT: Welcome back, folks, this is the 11th video in a series of 20 videos for the ICT optimal trade entry pattern recognition series. Alright, so here's our
3 +|2 |00:00:18,990 ~-~-> 00:00:30,990 |example for today. The examples shown in the dollar CAD xR five minute chart, and you know the drill. pause your video, study it before I show you all the
4 +|3 |00:00:30,990 ~-~-> 00:00:48,810 |annotations. Okay, and now let's add our annotations. Here's our time of day. previous day's high, Wednesday's daily high. And you can see during the New York
5 +|4 |00:00:48,810 ~-~-> 00:01:00,150 |session, we have a nice run here and back down in. This is your optimal trade entry here. You can also do it from this low to this high here and trade back
6 +|5 |00:01:00,150 ~-~-> 00:01:12,330 |into here. I'm going to run it on this swing here. Alright, so here's the Fibonacci and our annotations showing where you can see the entry at the 62%
7 +|6 |00:01:12,330 ~-~-> 00:01:27,420 |retracement level 1.3903 and two pipettes and stop would be below 138951 just using a standard 15 PIP it's a little bit wider spread for this pair 20 pips
8 +|7 |00:01:27,420 ~-~-> 00:01:38,010 |comes in at one half a standard deviation 30 pips at one standard deviation 40 pips at one and a half standard deviations. And finally, as I talked with this
9 +|8 |00:01:38,010 ~-~-> 00:01:44,700 |model, if ever goes to two standard deviations, you want to take your profits there, yes, that one a little bit beyond that. But again, we're not trying to
10 +|9 |00:01:44,880 ~-~-> 00:01:54,120 |split hairs and we want something that delivers very consistent rule based we're not trying to be absolutely perfect with our entry not absolutely perfect with
11 +|10 |00:01:54,120 ~-~-> 00:02:06,690 |our exit, we don't need that. So 50 pips plus from an entry working with a 15 PIP stop loss, very, very handsome are multiple there. Notice how we ran above
12 +|11 |00:02:06,690 ~-~-> 00:02:16,170 |Wednesday's daily high, we spike through it, no more drive above it, and trade down below it and back again. And then we sank down below and and now look at
13 +|12 |00:02:16,170 ~-~-> 00:02:27,120 |the sensitivity in here. So again, previous day's highs and lows. set the stage for the easiest bread and butter setups you're ever gonna find in the markets.
14 +|13 |00:02:27,480 ~-~-> 00:02:34,920 |You don't need to be paying signal services. You don't need to be paying people for chat rooms. You absolutely can do this. And it's something that repeats
15 +|14 |00:02:34,950 ~-~-> 00:02:38,970 |every single day. Until next time, I wish good luck and good trading.
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6 -00:00:13,500 ~-~-> 00:00:16,530
7 -of 20 videos for the ICT optimal trade entry pattern
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9 -3
10 -00:00:16,530 ~-~-> 00:00:19,710
11 -recognition series. Alright, so here's our example for
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13 -4
14 -00:00:19,710 ~-~-> 00:00:24,330
15 -today. The examples shown in the dollar CAD, this is our
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17 -5
18 -00:00:24,330 ~-~-> 00:00:28,800
19 -five minute chart and you know the drill. pause your video,
20 -
21 -6
22 -00:00:28,830 ~-~-> 00:00:31,800
23 -study it before I show you all the annotations.
24 -
25 -7
26 -00:00:35,850 ~-~-> 00:00:37,950
27 -Okay, and now let's add
28 -
29 -8
30 -00:00:40,110 ~-~-> 00:00:43,830
31 -our annotations. Here's our time of day. previous day's
32 -
33 -9
34 -00:00:43,830 ~-~-> 00:00:48,570
35 -high, Wednesday's daily high. And you can see during the New
36 -
37 -10
38 -00:00:48,570 ~-~-> 00:00:54,240
39 -York session, we have a nice run here and back down in this
40 -
41 -11
42 -00:00:54,240 ~-~-> 00:00:57,210
43 -is your optimal trade entry here. You can also do it from
44 -
45 -12
46 -00:00:57,210 ~-~-> 00:01:01,920
47 -this low to this high here and trade back into it here. I'm
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49 -13
50 -00:01:01,920 ~-~-> 00:01:06,120
51 -going to run it on this swing here. Alright, so here's the
52 -
53 -14
54 -00:01:06,270 ~-~-> 00:01:10,470
55 -Fibonacci and our annotations shown where you can see the
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57 -15
58 -00:01:10,470 ~-~-> 00:01:18,210
59 -entry at the 62% retracement level 1.3903 and two pivots and
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61 -16
62 -00:01:18,210 ~-~-> 00:01:23,310
63 -the stop would be below 138951. That's using a standard 15
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65 -17
66 -00:01:23,310 ~-~-> 00:01:27,390
67 -PIP it's a little bit wider spread for this pair 20 pips
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69 -18
70 -00:01:27,390 ~-~-> 00:01:30,810
71 -comes in at one half a standard deviation 30 pips at one
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73 -19
74 -00:01:30,810 ~-~-> 00:01:35,040
75 -standard deviation 40 pips at one and a half standard
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77 -20
78 -00:01:35,040 ~-~-> 00:01:38,700
79 -deviations And finally, as I taught with this model, if ever
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81 -21
82 -00:01:38,700 ~-~-> 00:01:41,280
83 -goes to two standard deviations, you want to take your
84 -
85 -22
86 -00:01:41,280 ~-~-> 00:01:43,710
87 -profits there yes, it went a little bit beyond that, but
88 -
89 -23
90 -00:01:43,710 ~-~-> 00:01:46,470
91 -again, we're not trying to split hairs. We want something
92 -
93 -24
94 -00:01:46,470 ~-~-> 00:01:50,280
95 -that delivers very consistent rule based we're not trying to
96 -
97 -25
98 -00:01:50,400 ~-~-> 00:01:53,700
99 -be absolutely perfect with our entry not absolutely
100 -
101 -26
102 -00:01:53,700 ~-~-> 00:01:58,770
103 -perfectly their exit we don't need that so 50 pips plus from
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105 -27
106 -00:01:58,770 ~-~-> 00:02:03,630
107 -an entry Working with 15 PIP stop loss, very very handsome
108 -
109 -28
110 -00:02:04,170 ~-~-> 00:02:07,260
111 -are multiple there. Notice how we ran above Wednesday's
112 -
113 -29
114 -00:02:07,260 ~-~-> 00:02:11,160
115 -daily high, we spiked through it, no more drive above it,
116 -
117 -30
118 -00:02:11,550 ~-~-> 00:02:15,240
119 -trade down below it and back again and then we sank down
120 -
121 -31
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123 -below and and now look at the sensitivity in here.
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125 -32
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127 -So again
128 -
129 -33
130 -00:02:20,310 ~-~-> 00:02:24,420
131 -previous day's highs and lows set the stage for the easiest
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133 -34
134 -00:02:24,420 ~-~-> 00:02:26,550
135 -bread and butter setups you're ever going to find in the
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137 -35
138 -00:02:26,550 ~-~-> 00:02:29,610
139 -markets. You don't need to be paying signal services. You
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142 -00:02:29,610 ~-~-> 00:02:32,010
143 -don't need to be paying people for chat rooms. You
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145 -37
146 -00:02:32,010 ~-~-> 00:02:35,460
147 -absolutely can do this and it's something that repeats every
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149 -38
150 -00:02:35,460 ~-~-> 00:02:38,610
151 -single day. Until next time, I wish good luck and good
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153 -39
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155 -trading