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Last modified by Drunk Monkey on 2021-06-11 09:39
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edited by Drunk Monkey
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edited by Drunk Monkey
on 2021-06-10 10:00
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1 -1
2 -00:00:11,580 ~-~-> 00:00:15,240
3 -ICT: Okay, folks, welcome back. This is our 20th video and
1 +(% class="hover min" %)
2 +|1 |00:00:11,580 --> 00:00:21,780 |ICT: Okay, folks, welcome back. This is our 20th video and final in this series. As you know, all good things must come to an end. So here we have today's
3 +|2 |00:00:21,780 --> 00:00:30,810 |example. And it's in the euro dollar. And we have our charts already trained in on a five minute chart and you know the drill, you pause the video, and take a
4 +|3 |00:00:30,810 --> 00:00:33,300 |look at this example and see what you see.
5 +|4 |00:00:39,780 --> 00:00:50,490 |Here's the previous day's high, and I'll scroll back when after I go over this portion here, but between 830 in the morning, New York time to 11 o'clock right
6 +|5 |00:00:50,490 --> 00:01:01,500 |there every single day, New York time, we have a market run here, above the previous day's high. And it retraces all the way back down into the 17.5 level.
7 +|6 |00:01:01,500 --> 00:01:13,650 |But for this model for the YouTube channel, we have a type of entry of one point 1250. And that position entry would have suffered eight PIP drawdown, you do a
8 +|7 |00:01:13,650 --> 00:01:29,310 |30 PIP stop loss. At the old high, it's a plus 47. At one half standard deviation is 86. pips, ultimately at one standard deviation, it's 124 pips
9 +|8 |00:01:29,310 --> 00:01:39,060 |really, really nice day. Really easy day, actually, you don't get these every single day of the week. But when they do come Well, it's, it's very, very fun to
10 +|9 |00:01:39,060 --> 00:01:50,550 |do it. We participated in an observation today on the British Pound versus the US dollar. I'll reserve that for my private group. But for now, this is just a
11 +|10 |00:01:50,550 --> 00:02:02,730 |wonderful example to close this series out the previous day's high can see here. And we do that out in time. And again, as I mentioned earlier in the series,
12 +|11 |00:02:03,240 --> 00:02:13,470 |you're going to see examples of this set up that will form when it runs the previous day's high or the previous day's low. And don't think that that's the
13 +|12 |00:02:13,470 --> 00:02:23,100 |end of the move. And many times it just is the very perfect setup, actually, it just shows you that it wants to go higher, and it's retracing lower, and this
14 +|13 |00:02:23,100 --> 00:02:32,010 |gets a lot of the retail traders tripped up, they think that the markets reversing or something that effect a topping formation. I remember back in the
15 +|14 |00:02:32,010 --> 00:02:39,780 |90s. When I first started, I thought that everyone pick tops, and everyone picked bottoms. And I quickly found out but I personally at the time couldn't do
16 +|15 |00:02:39,780 --> 00:02:52,350 |that. And learning how these markets operate initially with commodities. That market is no different from the foreign exchange market in a lot of ways, but
17 +|16 |00:02:52,350 --> 00:03:01,530 |the foreign exchange market has a whole lot more subtle nuances that are very specific to it, just like the bond market has subtle nuances that are very
18 +|17 |00:03:01,530 --> 00:03:12,180 |unique to it. And I'm sure if I were a crypto trader, which I'm not, I could probably give a list of things about that asset class that would be very germane
19 +|18 |00:03:12,180 --> 00:03:21,870 |to just that asset class alone. So when we go through all these examples, I'm going to count you to go through them multiple times. I'm purposely went in and
20 +|19 |00:03:21,870 --> 00:03:32,670 |made them as short as I possibly can right to the point. And it gives you basically what a one full month or 20 trading days would be like logging the
21 +|20 |00:03:32,670 --> 00:03:43,650 |examples of one market that you find the optimal trade entry in. And what will happen is, you will assume especially if you're new watching this video series
22 +|21 |00:03:43,650 --> 00:03:56,610 |that this pattern should form every single day in the same market. And that's not true. There is this pattern always every single day, but not every single
23 +|22 |00:03:56,610 --> 00:04:06,990 |day is the market that you're following exclusively going to make a really easy run above the previous day's higher below the previous day's low. So that part
24 +|23 |00:04:06,990 --> 00:04:16,530 |you have to work out and build a watchlist and those things, you can learn how to do that in my free youtube channel videos and other series. So if we found
25 +|24 |00:04:16,530 --> 00:04:19,320 this insightful, I wish you all good luck and good trading.
4 4  
5 -2
6 -00:00:15,240 ~-~-> 00:00:19,110
7 -final in this series. As you know, all good things must come
8 -
9 -3
10 -00:00:19,110 ~-~-> 00:00:24,060
11 -to an end. So here we have today's example. And it's in the
12 -
13 -4
14 -00:00:24,060 ~-~-> 00:00:27,480
15 -eurodollar. And we have our charts already trained on a five
16 -
17 -5
18 -00:00:27,480 ~-~-> 00:00:29,940
19 -minute chart and you knew the drill. you pause the video,
20 -
21 -6
22 -00:00:30,450 ~-~-> 00:00:33,300
23 -and take a look at this example and see what you see.
24 -
25 -7
26 -00:00:39,750 ~-~-> 00:00:42,060
27 -And here's the previous day's high and I'll scroll back when
28 -
29 -8
30 -00:00:42,060 ~-~-> 00:00:46,200
31 -after I go over this portion here but between 830 in the
32 -
33 -9
34 -00:00:46,200 ~-~-> 00:00:51,210
35 -morning, New York time to 11 o'clock. Right there every
36 -
37 -10
38 -00:00:51,210 ~-~-> 00:00:56,460
39 -single day. New York time. We have a market run here, above
40 -
41 -11
42 -00:00:56,460 ~-~-> 00:00:59,940
43 -the previous day's high and it retraces all the way back
44 -
45 -12
46 -00:00:59,940 ~-~-> 00:01:02,820
47 -down. into the 17.5 level, but for this model for the
48 -
49 -13
50 -00:01:02,820 ~-~-> 00:01:08,490
51 -YouTube channel, we have a type of entry of one point 1250.
52 -
53 -14
54 -00:01:09,180 ~-~-> 00:01:12,090
55 -And that position entry would have suffered eight PIP
56 -
57 -15
58 -00:01:12,090 ~-~-> 00:01:19,500
59 -drawdown. You do 30 PIP stop loss. At the old high, it's a
60 -
61 -16
62 -00:01:19,560 ~-~-> 00:01:25,410
63 -plus 47. At one half standard deviation is 86 pips.
64 -
65 -17
66 -00:01:26,190 ~-~-> 00:01:29,700
67 -Ultimately at one standard deviation, it's 124 pips really,
68 -
69 -18
70 -00:01:29,700 ~-~-> 00:01:33,630
71 -really nice day. Really easy. They actually, you don't get
72 -
73 -19
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75 -these every single day of the week, but when they do come,
76 -
77 -20
78 -00:01:36,390 ~-~-> 00:01:41,610
79 -wow, it's, it's very, very fun to do it. We participated in
80 -
81 -21
82 -00:01:41,610 ~-~-> 00:01:44,520
83 -an observation today on the British Pound versus the US
84 -
85 -22
86 -00:01:44,520 ~-~-> 00:01:49,200
87 -dollar. I'll reserve that for my private group. But for now,
88 -
89 -23
90 -00:01:49,650 ~-~-> 00:01:52,680
91 -this is just a wonderful example of close this series out
92 -
93 -24
94 -00:01:53,310 ~-~-> 00:01:59,280
95 -the previous day's high. You can see here and we drew that
96 -
97 -25
98 -00:01:59,280 ~-~-> 00:02:02,100
99 -out in time. And again, as I mentioned earlier in the
100 -
101 -26
102 -00:02:02,100 ~-~-> 00:02:07,710
103 -series, you're going to see examples of this setup that will
104 -
105 -27
106 -00:02:07,710 ~-~-> 00:02:11,040
107 -form when it runs the previous day's high or the previous
108 -
109 -28
110 -00:02:11,040 ~-~-> 00:02:14,430
111 -day's low. And don't think that that's the end of the move.
112 -
113 -29
114 -00:02:15,000 ~-~-> 00:02:19,530
115 -And many times it just is the very perfect setup actually,
116 -
117 -30
118 -00:02:19,530 ~-~-> 00:02:22,020
119 -it just shows you that it wants to go higher, and three
120 -
121 -31
122 -00:02:22,020 ~-~-> 00:02:24,540
123 -tracing lower and this gets a lot of the retail traders
124 -
125 -32
126 -00:02:24,540 ~-~-> 00:02:28,860
127 -tripped up. They think that the markets reversing or, you
128 -
129 -33
130 -00:02:28,860 ~-~-> 00:02:31,590
131 -know, something that affect a topping formation. I remember
132 -
133 -34
134 -00:02:31,590 ~-~-> 00:02:34,200
135 -back in the 90s. When I first started, I thought that
136 -
137 -35
138 -00:02:34,200 ~-~-> 00:02:37,500
139 -everyone pick tops and everyone pick bottoms. And I quickly
140 -
141 -36
142 -00:02:37,500 ~-~-> 00:02:40,140
143 -found out that I personally at the time couldn't do that.
144 -
145 -37
146 -00:02:40,740 ~-~-> 00:02:46,020
147 -And learning how these markets operate initially with
148 -
149 -38
150 -00:02:46,020 ~-~-> 00:02:50,190
151 -commodities. That market is no different from the foreign
152 -
153 -39
154 -00:02:50,190 ~-~-> 00:02:52,950
155 -exchange market in a lot of ways, but the foreign exchange
156 -
157 -40
158 -00:02:52,950 ~-~-> 00:02:56,490
159 -market has a whole lot more subtle nuances that are very
160 -
161 -41
162 -00:02:56,490 ~-~-> 00:03:00,840
163 -specific to it. Just like the bond market has subtle nuances
164 -
165 -42
166 -00:03:01,140 ~-~-> 00:03:04,680
167 -that are very unique to it. And I'm sure if I were a crypto
168 -
169 -43
170 -00:03:04,680 ~-~-> 00:03:08,340
171 -trader, which I'm not, I could probably give a list of
172 -
173 -44
174 -00:03:08,340 ~-~-> 00:03:12,300
175 -things about that asset class that would be very germane to
176 -
177 -45
178 -00:03:12,300 ~-~-> 00:03:17,550
179 -just that asset class alone. So when we go through all these
180 -
181 -46
182 -00:03:17,550 ~-~-> 00:03:20,040
183 -examples, I'm gonna count you to go through them multiple
184 -
185 -47
186 -00:03:20,040 ~-~-> 00:03:22,830
187 -times. I'm purposely went in and made them as short as I
188 -
189 -48
190 -00:03:22,830 ~-~-> 00:03:27,030
191 -possibly can right to the point. And it gives you basically
192 -
193 -49
194 -00:03:27,060 ~-~-> 00:03:30,690
195 -what a one full month or 20 trading days would be like
196 -
197 -50
198 -00:03:31,590 ~-~-> 00:03:36,120
199 -logging the examples of one market that you find the optimal
200 -
201 -51
202 -00:03:36,120 ~-~-> 00:03:41,880
203 -trade entry in. And what will happen is, you will assume,
204 -
205 -52
206 -00:03:41,940 ~-~-> 00:03:43,770
207 -especially if you're new watching this video series that
208 -
209 -53
210 -00:03:43,800 ~-~-> 00:03:47,760
211 -this pattern should form every single day in the same
212 -
213 -54
214 -00:03:48,210 ~-~-> 00:03:53,700
215 -market. And that's not true. There is this pattern always,
216 -
217 -55
218 -00:03:54,180 ~-~-> 00:03:57,600
219 -every single day, but not every single day is the market
220 -
221 -56
222 -00:03:57,600 ~-~-> 00:04:02,400
223 -that you're following exclusively. Going to make a really
224 -
225 -57
226 -00:04:02,400 ~-~-> 00:04:05,370
227 -easy run above the previous day's higher below the previous
228 -
229 -58
230 -00:04:05,370 ~-~-> 00:04:08,790
231 -day's low. So that part you have to work out and build a
232 -
233 -59
234 -00:04:08,820 ~-~-> 00:04:12,210
235 -watch list and those things. You can learn how to do that in
236 -
237 -60
238 -00:04:12,210 ~-~-> 00:04:15,840
239 -my free youtube channel videos and other series.
240 -
241 -61
242 -00:04:15,990 ~-~-> 00:04:18,600
243 -So if you found this insightful, I wish you all good luck
244 -
245 -62
246 -00:04:18,660 ~-~-> 00:04:19,320
247 -and good trading