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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 11th video in a series
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7 of 20 videos for the ICT optimal trade entry pattern
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11 recognition series. Alright, so here's our example for
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15 today. The examples shown in the dollar CAD, this is our
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19 five minute chart and you know the drill. pause your video,
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23 study it before I show you all the annotations.
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27 Okay, and now let's add
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31 our annotations. Here's our time of day. previous day's
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35 high, Wednesday's daily high. And you can see during the New
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39 York session, we have a nice run here and back down in this
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43 is your optimal trade entry here. You can also do it from
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47 this low to this high here and trade back into it here. I'm
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51 going to run it on this swing here. Alright, so here's the
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55 Fibonacci and our annotations shown where you can see the
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59 entry at the 62% retracement level 1.3903 and two pivots and
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63 the stop would be below 138951. That's using a standard 15
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67 PIP it's a little bit wider spread for this pair 20 pips
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71 comes in at one half a standard deviation 30 pips at one
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75 standard deviation 40 pips at one and a half standard
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79 deviations And finally, as I taught with this model, if ever
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83 goes to two standard deviations, you want to take your
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87 profits there yes, it went a little bit beyond that, but
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91 again, we're not trying to split hairs. We want something
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95 that delivers very consistent rule based we're not trying to
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99 be absolutely perfect with our entry not absolutely
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103 perfectly their exit we don't need that so 50 pips plus from
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107 an entry Working with 15 PIP stop loss, very very handsome
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111 are multiple there. Notice how we ran above Wednesday's
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115 daily high, we spiked through it, no more drive above it,
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119 trade down below it and back again and then we sank down
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123 below and and now look at the sensitivity in here.
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127 So again
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131 previous day's highs and lows set the stage for the easiest
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135 bread and butter setups you're ever going to find in the
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139 markets. You don't need to be paying signal services. You
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143 don't need to be paying people for chat rooms. You
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147 absolutely can do this and it's something that repeats every
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151 single day. Until next time, I wish good luck and good
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155 trading
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