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Last modified by Drunk Monkey on 2021-06-10 10:04
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2 |1 |00:00:10,950 ~-~-> 00:00:19,890 |ICT: Welcome back, folks, this is video number 12 in our continuing series of 20 videos for the ICT optimal trade entry pattern recognition series. Alright,
3 |2 |00:00:19,890 ~-~-> 00:00:31,650 |today's example is a commodity futures. And it's a Mexican peso. So we already have our chart trained on the five minute and take a look at what you see here.
4 |3 |00:00:31,710 ~-~-> 00:00:49,050 |Before I put the annotations on. Pause the video. Okay, so what are annotations and here's yesterday's high, Thursdays daily high. And during the New York
5 |4 |00:00:49,050 ~-~-> 00:01:01,650 |session, we have an optimal trade entry in here and you can see one half standard deviation. One full standard deviation takes us above Thursday's daily
6 |5 |00:01:01,650 ~-~-> 00:01:11,640 |high. Why don't have to is a little too rich for today. But that's okay. The model that I'm teaching is simply looking at Iran above previous day's high or
7 |6 |00:01:11,640 ~-~-> 00:01:28,050 |below previous day's low. And you can see that there is a 47 PIP opportunity here and a four to one reward to risk. So not a bad little trade. You might want
8 |7 |00:01:28,050 ~-~-> 00:01:39,330 |to take a look at the Canadian dollar today in your own study. And there was an opportunity for a continuation on the dollar CAD. It gave me an optimal trade
9 |8 |00:01:39,330 ~-~-> 00:01:46,680 |entry today in the New York session. So I'll leave that for your own personal study and homework. And I'll talk to you next weekend. I wish you good luck and
10 |9 |00:01:46,680 ~-~-> 00:01:47,190 |good trading