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Version 1.1 by Drunk Monkey on 2020-11-20 16:23
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Drunk Monkey 1.1 1 1
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3 ICT: Welcome back, folks, this is video number 12 in our
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7 continuing series of 20 videos for the ICT optimal trade
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11 entry pattern recognition series. Alright, today's example
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15 is a commodity futures. And it's the Mexican peso. So we
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19 already have our chart trained on the five minute and take a
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23 look at what you see here before I put the annotations on.
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27 Pause the video. Okay, so we'll add our annotations and
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31 here's yesterday's high, Thursdays daily high. And during
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35 the New York session, we have an optimal trade entry in here
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39 and you'd see one half standard deviation. One full standard
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43 deviation takes us above Thursday's daily high. And why
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47 don't have to is a little too rich for today. But that's
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51 okay. The model that I'm teaching is simply looking at Iran
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55 above previous day's high or below previous day's low. And
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59 you can see that there is a 47 PIP opportunity here and a
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63 four to one reward to risk. So not a bad little trade. You
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67 might want to take a look at the Canadian dollar today in
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71 your own study, and there was an opportunity for a
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75 continuation on the dollar CAD. It gave me an optimal trade
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79 entry today in the New York session. So I'll leave that for
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83 your own personal study and homework, and I'll talk to you
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87 next weekend. I wish you good luck and good trading.