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2 -00:00:10,679 ~-~-> 00:00:13,259
3 -ICT: Welcome back, folks, this is video number 13 in a
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2 +|1 |00:00:10,679 ~-~-> 00:00:17,309 |ICT: Welcome back, folks, this is video number 13 in a continuing series of the optimal trade entry pattern recognition series for the inner circle trader
3 +|2 |00:00:17,339 ~-~-> 00:00:26,939 |YouTube channel. Alright, Eric example again today is the dollar CAD and our charts already trained in on the five minute chart. And I'm going to counsel you
4 +|3 |00:00:26,939 ~-~-> 00:00:37,409 |to take a look at your daily chart and look at their most recent optimal trade entry that formed, which led to this strong breakdown on a daily chart. Now,
5 +|4 |00:00:37,949 ~-~-> 00:00:49,709 |when we see big moves like that, the natural assumption is, it's gone down too far. And it's going to have to reverse. And many times that's going to plague
6 +|5 |00:00:50,639 ~-~-> 00:01:00,659 |your trust in a pattern like this in the New York session. As you can see, the Mark has been going down. And when we add the annotations to the chart, you'll
7 +|6 |00:01:00,659 ~-~-> 00:01:10,769 |see that nothing really has changed, it's still the same logic. And you can't just simply say, the markets oversold, the pattern can't work. That's not how
8 +|7 |00:01:10,769 ~-~-> 00:01:18,899 |this works, the markets going to seek liquidity, and it's going to expand and seek that liquidity above or below the marketplace. If you look at the daily
9 +|8 |00:01:18,899 ~-~-> 00:01:29,429 |chart, it had a really obvious equal lows. I teach that as Candyland. It's just ripe for the taking sell side liquidity. And couple that with optimal trade
10 +|9 |00:01:29,429 ~-~-> 00:01:37,469 |entry on a daily chart and you get beautiful results like this, we're gonna look at the dollar CAD here. And if you haven't already done so pause your video.
11 +|10 |00:01:41,579 ~-~-> 00:01:51,689 |Alright, so now I'm going to add the annotations. Alright, so you can see they have the New York session. Again, standard times never changing 8:30am, New York
12 +|11 |00:01:51,689 ~-~-> 00:02:02,969 |time to 11am. Okay, the optimal trade entry is here. Now, obviously, you can see the market has been going down. And we have this retracement in here inside the
13 +|12 |00:02:02,969 ~-~-> 00:02:11,339 |heart of the New York session trades back to optimal trade entry. Now notice it goes just a little bit above that that's okay, it's fine. It's not a big deal.
14 +|13 |00:02:11,999 ~-~-> 00:02:23,939 |You may have looked at this and elected to use this swing high here. I use this one only because it has the direct displacement from this high starting going
15 +|14 |00:02:23,939 ~-~-> 00:02:32,069 |lower. It did have a higher high here and I'll show you what that looks like in a moment. But drop down and then consolidation and run more. One more time rally
16 +|15 |00:02:32,099 ~-~-> 00:02:42,719 |up to me, I'm going to use this point here. Before I go through this one, I got to take the annotations off for a moment, you can see this one's slightly higher
17 +|16 |00:02:43,139 ~-~-> 00:02:57,059 |than this one, but this one's where all the volume is. Then you see that with the bodies of the candles versus this wick. Adding that 60% and tracing level,
18 +|17 |00:02:57,149 ~-~-> 00:03:07,259 |that's our standard for this model as that energy pattern, your start with how to be above the short term high, whatever fits your risk appetite if it's 1%
19 +|18 |00:03:07,919 ~-~-> 00:03:20,549 |half a percent 2% 20% if you don't want to be in the business too long, and now be in bed. Alright, so the short term low trades to 3811 and a half. So that
20 +|19 |00:03:20,549 ~-~-> 00:03:34,589 |gives you about what's at 20 pips or so he about 20 pips just to the old low here, and then you get half a standard deviation at 3993. One full standard
21 +|20 |00:03:34,589 ~-~-> 00:03:48,929 |deviation and 3775 and a half in one and a half standard deviations at 137 57 and a half and the low of the day comes in exactly at 1.3757 and a half. So
22 +|21 |00:03:48,929 ~-~-> 00:03:58,379 |beautiful, beautiful symmetry in the dollar CAD obvious setup, from the daily chart, using the things that I've taught, obviously on this channel for free,
23 +|22 |00:03:58,379 ~-~-> 00:04:07,139 |you can go through all the tutorials and see everything I've shown in those videos coupled with this optimal trade entry pattern recognition series. You can
24 +|23 |00:04:07,139 ~-~-> 00:04:16,769 |see how the things that I teach and I look for up here every single market day in this time of day. So this is an example again you can use for your
25 +|24 |00:04:16,949 ~-~-> 00:04:20,639 |edification, hope you found insightful until next time, wish good luck and good trading
4 4  
5 -2
6 -00:00:13,259 ~-~-> 00:00:15,419
7 -continuing series of the optimal trade entry pattern
8 -
9 -3
10 -00:00:15,419 ~-~-> 00:00:17,699
11 -recognition series for the inner circle trader YouTube
12 -
13 -4
14 -00:00:17,699 ~-~-> 00:00:22,649
15 -channel. Alright Eric example again today is the dollar CAD
16 -
17 -5
18 -00:00:22,799 ~-~-> 00:00:25,259
19 -and our charts already trained in on the five minute chart.
20 -
21 -6
22 -00:00:25,919 ~-~-> 00:00:28,049
23 -And I'm going to counsel you to take a look at your daily
24 -
25 -7
26 -00:00:28,049 ~-~-> 00:00:31,349
27 -chart and look at their most recent optimal trade entry that
28 -
29 -8
30 -00:00:31,349 ~-~-> 00:00:35,609
31 -formed which led to this strong breakdown on the daily
32 -
33 -9
34 -00:00:35,609 ~-~-> 00:00:40,469
35 -chart. Now, when we see big moves like that, the natural
36 -
37 -10
38 -00:00:40,469 ~-~-> 00:00:44,489
39 -assumption is it's gone down too far. And it's going to have
40 -
41 -11
42 -00:00:44,489 ~-~-> 00:00:51,869
43 -to reverse and many times that's going to plague your trust
44 -
45 -12
46 -00:00:51,959 ~-~-> 00:00:55,049
47 -in a pattern like this in the New York session. As you can
48 -
49 -13
50 -00:00:55,049 ~-~-> 00:00:59,669
51 -see, the Mark has been going down and we add the annotations
52 -
53 -14
54 -00:00:59,999 ~-~-> 00:01:02,489
55 -To the chart, you'll see that nothing really has changed.
56 -
57 -15
58 -00:01:02,489 ~-~-> 00:01:06,659
59 -It's still the same logic. And you can't just simply say,
60 -
61 -16
62 -00:01:07,079 ~-~-> 00:01:10,769
63 -the markets oversold, the pattern can't work. That's not how
64 -
65 -17
66 -00:01:10,769 ~-~-> 00:01:14,459
67 -this works. The markets going to seek liquidity and it's
68 -
69 -18
70 -00:01:14,459 ~-~-> 00:01:17,189
71 -going to expand and seek that liquidity above or below the
72 -
73 -19
74 -00:01:17,189 ~-~-> 00:01:20,909
75 -marketplace. We look at the daily chart had a really obvious
76 -
77 -20
78 -00:01:20,939 ~-~-> 00:01:25,499
79 -equal lows. I teach that as Candyland it's just right for
80 -
81 -21
82 -00:01:25,499 ~-~-> 00:01:29,219
83 -the taking sell side liquidity. And couple that with optimal
84 -
85 -22
86 -00:01:29,219 ~-~-> 00:01:32,729
87 -trade entry on the daily chart and you get beautiful results
88 -
89 -23
90 -00:01:32,729 ~-~-> 00:01:34,799
91 -like this. We're gonna look at the dollar CAD here if you
92 -
93 -24
94 -00:01:34,799 ~-~-> 00:01:42,239
95 -haven't already done so pause your video. Alright, so now
96 -
97 -25
98 -00:01:42,239 ~-~-> 00:01:46,169
99 -I'm going to add annotations. Alright, so you can see they
100 -
101 -26
102 -00:01:46,169 ~-~-> 00:01:50,129
103 -have the New York session. Again standard times never
104 -
105 -27
106 -00:01:50,129 ~-~-> 00:01:55,919
107 -changing 8:30am New York time to 11am Okay, the optimal
108 -
109 -28
110 -00:01:55,919 ~-~-> 00:01:59,339
111 -trade entry is here. Now obviously you can see the market
112 -
113 -29
114 -00:01:59,339 ~-~-> 00:02:02,099
115 -has been going down And we have this retracement in here
116 -
117 -30
118 -00:02:02,159 ~-~-> 00:02:06,359
119 -inside the heart of the New York session trades back to
120 -
121 -31
122 -00:02:06,389 ~-~-> 00:02:08,819
123 -optimal trade entry. Now notice it goes just a little bit
124 -
125 -32
126 -00:02:08,819 ~-~-> 00:02:12,329
127 -above that that's okay. It's fine. It's not a big deal. You
128 -
129 -33
130 -00:02:12,329 ~-~-> 00:02:16,259
131 -may have looked at this and elected to use this swing high
132 -
133 -34
134 -00:02:16,259 ~-~-> 00:02:20,429
135 -here. I use this one only because it has the direct
136 -
137 -35
138 -00:02:20,819 ~-~-> 00:02:25,649
139 -displacement from this high starting going lower. It did
140 -
141 -36
142 -00:02:25,649 ~-~-> 00:02:27,449
143 -have a higher high here and I'll show you what that looks
144 -
145 -37
146 -00:02:27,449 ~-~-> 00:02:30,869
147 -like in a moment. But drop down and consolidation and run
148 -
149 -38
150 -00:02:30,869 ~-~-> 00:02:34,559
151 -more. One more time rally up to me. I'm going to use this
152 -
153 -39
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155 -point here, before I go to this one. Again, take the
156 -
157 -40
158 -00:02:39,059 ~-~-> 00:02:41,639
159 -annotations off for a minute, you can see this one's
160 -
161 -41
162 -00:02:41,639 ~-~-> 00:02:45,179
163 -slightly higher than this one, but this one's where all the
164 -
165 -42
166 -00:02:45,179 ~-~-> 00:02:49,649
167 -volume is. And you see that with the bodies of the candles
168 -
169 -43
170 -00:02:49,649 ~-~-> 00:02:57,059
171 -versus this wick. Adding that six cube centration level.
172 -
173 -44
174 -00:02:57,149 ~-~-> 00:03:00,509
175 -That's our standard for this model is that anti pattern Your
176 -
177 -45
178 -00:03:00,509 ~-~-> 00:03:03,779
179 -stock would have to be above the short term high, whatever
180 -
181 -46
182 -00:03:03,779 ~-~-> 00:03:10,829
183 -fits your risk appetite if it's 1%, half a percent 2% 20% if
184 -
185 -47
186 -00:03:10,829 ~-~-> 00:03:12,869
187 -you don't want to be in the business too long, and I'll be
188 -
189 -48
190 -00:03:12,869 ~-~-> 00:03:19,169
191 -in bed. Alright, so the short term low trades to 3811 and a
192 -
193 -49
194 -00:03:19,169 ~-~-> 00:03:25,409
195 -half. So that gives you about what's that 20 pips or so
196 -
197 -50
198 -00:03:26,249 ~-~-> 00:03:29,999
199 -about 20 pips just to the old low here, and then you get
200 -
201 -51
202 -00:03:29,999 ~-~-> 00:03:34,589
203 -half a standard deviation at 3993. One full standard
204 -
205 -52
206 -00:03:34,589 ~-~-> 00:03:38,909
207 -deviation at 3775 and a half, and one and a half standard
208 -
209 -53
210 -00:03:38,909 ~-~-> 00:03:44,009
211 -deviations at 137 57 and a half and the low of the day comes
212 -
213 -54
214 -00:03:44,009 ~-~-> 00:03:50,129
215 -in exactly at 1.3757 and a half. So beautiful, beautiful
216 -
217 -55
218 -00:03:50,129 ~-~-> 00:03:54,869
219 -symmetry in the dollar CAD obvious setup, from the daily
220 -
221 -56
222 -00:03:54,869 ~-~-> 00:03:57,599
223 -chart, using the things that I've taught, obviously on this
224 -
225 -57
226 -00:03:57,599 ~-~-> 00:04:00,329
227 -channel for free, you can go through all the tutorials. See
228 -
229 -58
230 -00:04:00,329 ~-~-> 00:04:03,869
231 -everything I've shown in those videos coupled with this
232 -
233 -59
234 -00:04:04,649 ~-~-> 00:04:07,289
235 -optimal trade entry pattern recognition series. You can see
236 -
237 -60
238 -00:04:07,289 ~-~-> 00:04:10,979
239 -how the things that I teach and I look for up here every
240 -
241 -61
242 -00:04:10,979 ~-~-> 00:04:14,849
243 -single market day, in this time of day. So this is an
244 -
245 -62
246 -00:04:14,849 ~-~-> 00:04:18,059
247 -example again, you can use for your edification. I hope you
248 -
249 -63
250 -00:04:18,059 ~-~-> 00:04:20,159
251 -found insightful until next time, I wish you good luck and
252 -
253 -64
254 -00:04:20,159 ~-~-> 00:04:20,639
255 -good trading.