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Last modified by Drunk Monkey on 2021-06-10 10:00
From version 1.1
edited by Drunk Monkey
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To version 2.1
edited by Drunk Monkey
on 2021-06-10 10:00
Change comment: There is no comment for this version

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3 -ICT: Folks, this is volume 19 in a continuing series of 20
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2 +|1 |00:00:10,230 ~-~-> 00:00:19,080 |ICT: Hi, folks, this is volume 19, in a continuing series of 20 videos for the optimal trade entry pattern recognition series for the inner circle trader
3 +|2 |00:00:19,080 ~-~-> 00:00:29,520 |YouTube channel. Alright, our example today is the dollar yen. And we already got charts trained in on our five minute basis. And I just want to show you the
4 +|3 |00:00:30,510 ~-~-> 00:00:41,430 |previous day's high. As they were trading, you can see this relative equal highs in here, there's a lot of retail theory about this being resistance and any
5 +|4 |00:00:41,430 ~-~-> 00:00:51,090 |shorts, their protective stop loss could be, quote, unquote, protected above these highs, what we're gonna see about that, and so let's, again, remember,
6 +|5 |00:00:51,090 ~-~-> 00:01:05,160 |this is the high, I'll show you. That's where it is. Okay, and don't take this off, do our regular approach. Alright, so now pause the video, I'll give you an
7 +|6 |00:01:05,160 ~-~-> 00:01:07,560 |opportunity to study it before I show you the annotations.
8 +|7 |00:01:15,360 ~-~-> 00:01:25,950 |Alright, let's add the annotations now. So we have our New York session again, always static at 830 in the morning, New York time to 11 o'clock, New York time.
9 +|8 |00:01:26,340 ~-~-> 00:01:37,920 |So go straight up in there, and you'll see that we create optimal trade entries in here. I like this one. Let me take the annotations off real quick. I like
10 +|9 |00:01:37,950 ~-~-> 00:01:46,770 |this one, because we've already came back down and a little deep on that and it broke a high. So I like this right here. So if you look at the scalping or high
11 +|10 |00:01:46,770 ~-~-> 00:01:55,110 |probability scalping series I have on my YouTube channel, that'll actually give you a little bit more detail as to how you can trust bias. And, again, there's
12 +|11 |00:01:55,110 ~-~-> 00:02:03,990 |more tips in that video series as well. But let's go back to this example here we have the low the high optimal trade entry dropping down in on the candle at
13 +|12 |00:02:04,020 ~-~-> 00:02:15,870 |1025 New York time hypothetical entry would be 108 point seven zero, and the entry would have suffered three pips drawdown 10 PIP stop loss, which takes us
14 +|13 |00:02:15,870 ~-~-> 00:02:31,170 |at 108 point six zero doesn't give us too much at the old high and not much going on that either about 14 pips and 20 pips at once they're in deviation, and
15 +|14 |00:02:31,170 ~-~-> 00:02:41,130 |finally making it to the one and a half standard deviation, right here on this candle here offering 28 pips and the standard deviation of two or two standard
16 +|15 |00:02:41,130 ~-~-> 00:02:51,300 |deviations, just say, looks like it could potentially pop up in here in the asian session because right now time of this recording is 739 local time in New
17 +|16 |00:02:51,300 ~-~-> 00:03:03,990 |York. So that's the business for this example. And tomorrow is our last and final episode for this series. And if you give me thumbs up in tomorrow's video,
18 +|17 |00:03:04,410 ~-~-> 00:03:10,470 |it might even inspire me to do something else after this one ends. I'll talk to you next time. Wish you good luck and good trading.
4 4  
5 -2
6 -00:00:14,790 ~-~-> 00:00:17,250
7 -videos for the optimal trade entry pattern recognition
8 -
9 -3
10 -00:00:17,250 ~-~-> 00:00:21,090
11 -series for the inner circle trader YouTube channel. All
12 -
13 -4
14 -00:00:21,090 ~-~-> 00:00:24,870
15 -right, our example today is the dollar yen. And we already
16 -
17 -5
18 -00:00:24,870 ~-~-> 00:00:28,320
19 -got charts trained in on our five minute basis. And I just
20 -
21 -6
22 -00:00:28,320 ~-~-> 00:00:34,080
23 -want to show you the previous day's high as they was trading
24 -
25 -7
26 -00:00:34,080 ~-~-> 00:00:36,270
27 -you can see there's relatively equal highs in here. There's
28 -
29 -8
30 -00:00:36,270 ~-~-> 00:00:41,430
31 -a lot of retail theory about this being resistance and any
32 -
33 -9
34 -00:00:41,430 ~-~-> 00:00:44,820
35 -shorts their protective stop loss could be, quote unquote,
36 -
37 -10
38 -00:00:44,820 ~-~-> 00:00:48,420
39 -protected above these highs. Well we're going to see about
40 -
41 -11
42 -00:00:48,420 ~-~-> 00:00:52,140
43 -that and so let's again, remember this is the high I'll show
44 -
45 -12
46 -00:00:52,140 ~-~-> 00:00:57,870
47 -you. That's where it is. Okay, and don't take this off. Do
48 -
49 -13
50 -00:00:57,870 ~-~-> 00:01:04,920
51 -our regular approach. Alright, so now pause the video, I'll
52 -
53 -14
54 -00:01:04,920 ~-~-> 00:01:06,780
55 -give you an opportunity to study it before I show you the
56 -
57 -15
58 -00:01:06,780 ~-~-> 00:01:07,530
59 -annotations.
60 -
61 -16
62 -00:01:15,360 ~-~-> 00:01:17,310
63 -All right, let's add the annotations now.
64 -
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66 -00:01:18,030 ~-~-> 00:01:21,600
67 -So we have our New York session again, always static at 830
68 -
69 -18
70 -00:01:21,630 ~-~-> 00:01:25,950
71 -in the morning, New York time to 11 o'clock, New York time.
72 -
73 -19
74 -00:01:26,340 ~-~-> 00:01:31,140
75 -So go straight up in there, and you'll see that we create
76 -
77 -20
78 -00:01:31,230 ~-~-> 00:01:34,890
79 -optimal trade entries in here. I like this one. Let me take
80 -
81 -21
82 -00:01:34,890 ~-~-> 00:01:38,790
83 -the annotations off real quick. I like this one, because
84 -
85 -22
86 -00:01:38,820 ~-~-> 00:01:41,670
87 -we've already came back down and a little deep on that, and
88 -
89 -23
90 -00:01:41,670 ~-~-> 00:01:44,640
91 -it broke a high. So I like this right here. So if you look
92 -
93 -24
94 -00:01:44,640 ~-~-> 00:01:48,150
95 -at the scalping or high probability scalping series I have
96 -
97 -25
98 -00:01:48,150 ~-~-> 00:01:50,460
99 -on my YouTube channel, that'll actually give you a little
100 -
101 -26
102 -00:01:50,460 ~-~-> 00:01:54,930
103 -bit more detail as to how you can trust bias. And, again,
104 -
105 -27
106 -00:01:54,930 ~-~-> 00:01:57,930
107 -there's more tips in that video series as well. But let's go
108 -
109 -28
110 -00:01:57,930 ~-~-> 00:02:01,470
111 -back to this example here. We have the low High optimal
112 -
113 -29
114 -00:02:01,470 ~-~-> 00:02:05,940
115 -trade entry dropping down in on the candle at 1025 New York
116 -
117 -30
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119 -time hypothetical entry would be 108 point seven zero and
120 -
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123 -the entry would have suffered three pips draw down 10 pips
124 -
125 -32
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127 -stop loss, which takes us at 108 point six zero doesn't give
128 -
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131 -us too much at the old high and not much going on that
132 -
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135 -either about 14 pips and 20 pips at one standard deviation,
136 -
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139 -and finally make it to the one and a half standard deviation
140 -
141 -36
142 -00:02:34,170 ~-~-> 00:02:38,880
143 -right here on this candle here offering 28 pips and the
144 -
145 -37
146 -00:02:38,880 ~-~-> 00:02:41,640
147 -standard deviation of two or two standard deviations, just
148 -
149 -38
150 -00:02:41,640 ~-~-> 00:02:45,720
151 -say looks like it could potentially pop up in here in the
152 -
153 -39
154 -00:02:45,720 ~-~-> 00:02:50,790
155 -asian session because right now Tom's recording is 739 local
156 -
157 -40
158 -00:02:50,790 ~-~-> 00:02:55,230
159 -time in New York. So that's the business for this example.
160 -
161 -41
162 -00:02:55,710 ~-~-> 00:02:59,970
163 -And tomorrow is our last and final episode for this series.
164 -
165 -42
166 -00:03:00,690 ~-~-> 00:03:04,800
167 -And if you give me thumbs up in tomorrow's video, it might
168 -
169 -43
170 -00:03:04,800 ~-~-> 00:03:07,830
171 -even inspire me to do something else after this one ends.
172 -
173 -44
174 -00:03:08,280 ~-~-> 00:03:10,110
175 -I'll talk to you next time. Wish you good luck and good
176 -
177 -45
178 -00:03:10,110 ~-~-> 00:03:10,470
179 -trading.