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Version 1.1 by Drunk Monkey on 2020-11-20 16:25
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3 ICT: Folks, this is volume 19 in a continuing series of 20
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7 videos for the optimal trade entry pattern recognition
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11 series for the inner circle trader YouTube channel. All
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15 right, our example today is the dollar yen. And we already
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19 got charts trained in on our five minute basis. And I just
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23 want to show you the previous day's high as they was trading
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27 you can see there's relatively equal highs in here. There's
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31 a lot of retail theory about this being resistance and any
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35 shorts their protective stop loss could be, quote unquote,
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39 protected above these highs. Well we're going to see about
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43 that and so let's again, remember this is the high I'll show
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47 you. That's where it is. Okay, and don't take this off. Do
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51 our regular approach. Alright, so now pause the video, I'll
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55 give you an opportunity to study it before I show you the
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59 annotations.
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63 All right, let's add the annotations now.
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67 So we have our New York session again, always static at 830
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71 in the morning, New York time to 11 o'clock, New York time.
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75 So go straight up in there, and you'll see that we create
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79 optimal trade entries in here. I like this one. Let me take
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83 the annotations off real quick. I like this one, because
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87 we've already came back down and a little deep on that, and
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91 it broke a high. So I like this right here. So if you look
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95 at the scalping or high probability scalping series I have
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99 on my YouTube channel, that'll actually give you a little
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103 bit more detail as to how you can trust bias. And, again,
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107 there's more tips in that video series as well. But let's go
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111 back to this example here. We have the low High optimal
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115 trade entry dropping down in on the candle at 1025 New York
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119 time hypothetical entry would be 108 point seven zero and
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123 the entry would have suffered three pips draw down 10 pips
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127 stop loss, which takes us at 108 point six zero doesn't give
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131 us too much at the old high and not much going on that
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135 either about 14 pips and 20 pips at one standard deviation,
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139 and finally make it to the one and a half standard deviation
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143 right here on this candle here offering 28 pips and the
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147 standard deviation of two or two standard deviations, just
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151 say looks like it could potentially pop up in here in the
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155 asian session because right now Tom's recording is 739 local
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159 time in New York. So that's the business for this example.
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163 And tomorrow is our last and final episode for this series.
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167 And if you give me thumbs up in tomorrow's video, it might
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171 even inspire me to do something else after this one ends.
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175 I'll talk to you next time. Wish you good luck and good
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179 trading.