00:00:02
you
00:00:05
you
00:00:12
welcome back folks this teaching is
00:00:15
going to be specifically dealing with
00:00:16
trading the key swing points
00:00:23
okay so what swing points are going to
00:00:25
be teaching in this module we're going
00:00:26
to be revisiting the Asian open a London
00:00:29
open the New York open and the done then
00:00:33
close all
00:00:35
right so engineering the daily range now
00:00:38
obviously I teach with power three that
00:00:40
the general rule of thumb is get age' is
00:00:43
a consolidation then learning increase
00:00:47
the higher the low of the daily range
00:00:49
New York is part of the expansion and
00:00:52
then London close creates the higher low
00:00:54
of the date or the opposite end of the
00:00:55
range that's formed in London but not
00:00:57
always is that the case in some
00:01:00
instances the Asian open will create the
00:01:03
daily high or low as seen here in this
00:01:06
example below the day's formed during
00:01:09
the Asian open and then the highest
00:01:11
formed in the London session
00:01:17
conversely as I mentioned in the
00:01:20
beginning this is a typical power 3
00:01:23
scenario where we have consolidation in
00:01:25
Asia then when it's bullish we create
00:01:27
the low of the day and then it expands
00:01:29
throughout the rest of the day
00:01:34
now London open it can create obviously
00:01:38
as I teach with power three it can
00:01:40
create the low or high the day in this
00:01:42
example here you can see the London
00:01:43
session creates the very low lower than
00:01:47
it was at the beginning of the trading
00:01:48
in Asia
00:01:53
or London can be part of a retracement
00:01:56
when the asian session creates the low
00:01:59
today so the way we're going to use this
00:02:01
information is if Asia
00:02:04
creates a low or high the Danis example
00:02:06
creates a low and starts to run and
00:02:10
expands outside of the Asian range this
00:02:13
drop down in London is typically going
00:02:16
to be a retracement of the initial leg
00:02:18
or impulse leg of the intraday move if
00:02:21
we're bullish we're going to assume that
00:02:23
Asia creates the low and we're retracing
00:02:25
down into what would be optimal trade
00:02:27
entry and that could be eight long so
00:02:30
the long and open can be a part of the
00:02:34
move that occurs and originates from the
00:02:37
Asian open
00:02:39
now the New York open this to can create
00:02:42
the high or low the daily range as well
00:02:44
as you can see there's an example of the
00:02:47
market staying in a consolidation drops
00:02:50
down and when you have to assume that we
00:02:52
would be bearish this particular day but
00:02:55
there may be a big news event that comes
00:02:57
out and it creates a run on liquidity
00:03:00
and we can see that running above these
00:03:02
equal highs here creating the New York
00:03:04
open raid on liquidity that makes the
00:03:07
high the day in the market trades the
00:03:09
lower as a result equally significant we
00:03:12
can see the New York open can be part of
00:03:16
a retracement from the London open here
00:03:19
we see the low formed in London creates
00:03:21
an impulse swing
00:03:23
trades back down into the New York open
00:03:27
creates a nice retracement and then
00:03:29
rallies creating the high the day later
00:03:31
on during a New York and overlap of
00:03:34
London close
00:03:36
so both scenarios this is the classic
00:03:40
scenario this is what I teach and have
00:03:41
taught for years this is the easiest
00:03:43
setup when we want to trade the New York
00:03:45
open so the swing point takes place here
00:03:48
we'd have to assume that were bullish
00:03:50
before and then the low has to be formed
00:03:53
and shares a clear impulse swing during
00:03:55
the London session then retraces during
00:03:58
the loving lunch going into New York
00:04:02
open we can see the turning point here
00:04:05
or swing point that would be treated
00:04:08
rather handsomely now this is a bullish
00:04:11
in area it would just as equally
00:04:13
effective if it was London getting a
00:04:16
high today it trades lower during the
00:04:18
London session then retraces pop into
00:04:21
New York session creating a retracement
00:04:23
which is a classic continuation on the
00:04:26
bearish idea or down close premise for a
00:04:29
daily range or your particular market
00:04:32
and
00:04:33
expansion going towards London close so
00:04:35
everything we're showing here just can
00:04:36
be done in Reverse
00:04:40
ok the London close
00:04:42
now this can be the high or low of the
00:04:45
day typically for bullish and London's
00:04:48
created the low of the day or age has
00:04:49
created a load of the day.i London
00:04:51
closed tends to be the opposite end of
00:04:54
the range now it doesn't always
00:04:56
close to high and/or low into the range
00:04:59
but generally as a rule of thumb I
00:05:00
believe that it will serve you well
00:05:02
other instances it can create the high
00:05:05
the day when it's been an arrangement as
00:05:07
you can see here the market was in a
00:05:08
large consolidation we have equal highs
00:05:11
market runs up throwing London clothes
00:05:13
takes those highs and creates the actual
00:05:16
high the day and trades lower this could
00:05:19
be done in Reverse this could have
00:05:21
easily been equal lows down here and it
00:05:24
could have eventually drove down to get
00:05:26
the equal lows and making the low of the
00:05:28
day and
00:05:30
or it can be a reversal point from a
00:05:33
longer-term perspective as we see here
00:05:36
the market has been trading higher
00:05:37
during the London closed time period
00:05:45
during the London close time here market
00:05:47
makes a reversal on Friday next week
00:05:53
the following link it opens
00:05:55
trades in consolidation and begins to
00:05:59
move lower and lose significant lower on
00:06:02
the following weeks Tuesday so it can
00:06:05
act as a reversal now how do you use
00:06:08
these swing points
00:06:10
you want to be using higher timeframe
00:06:12
price levels and
00:06:13
when these specific key swing points or
00:06:17
time of day
00:06:19
overlap with higher timeframe levels you
00:06:22
can anticipate what would be otherwise
00:06:23
expected on the higher time frame for
00:06:25
instance if we had a key resistance
00:06:28
level that we were watching on a daily
00:06:30
timeframe if we came to this level in
00:06:34
mind and we're going to speak
00:06:36
hypothetically here because there's so
00:06:38
many examples I could literally make a
00:06:39
five to six hour long video and there
00:06:41
wouldn't even scratch the surface which
00:06:43
is the reason I have to have a
00:06:44
mentorship because there's so many types
00:06:45
of conditions and setups that are
00:06:48
available not that you need to know
00:06:49
every single one of them but it makes
00:06:51
you very versatile as a trader as you
00:06:54
can see things in the marketplace that
00:06:56
aren't gonna surprise you you can
00:06:58
anticipate them and wait for them to
00:07:00
come in but if we're looking for our key
00:07:02
resistance level on the daily chart that
00:07:05
could be the time of day when London
00:07:08
trades up to that key resistance point
00:07:10
and at the time of the day we're into
00:07:13
trades there you could be a seller at
00:07:15
London close even while the day was
00:07:17
bullish because it's hitting that higher
00:07:19
timeframe daily resistance price point
00:07:22
that could be the point in which the
00:07:24
best to sell short and that would be a
00:07:27
scenario and the same thing would be
00:07:28
applied to all these key swing points or
00:07:30
time of day because
00:07:32
we have characteristics been shown here
00:07:34
and we also went beyond what was
00:07:36
typically taught as my ICT power 3
00:07:38
there's some blending of the rules and
00:07:41
I've given you generic characteristics
00:07:43
if you will for each of the four major
00:07:46
key swing points so I want you to go
00:07:48
through your charts and pull up a
00:07:50
15-minute time frame or it could be a
00:07:52
30-minute time frame and I want you to
00:07:54
look at all the times that the market
00:07:56
turns and create significant daily highs
00:07:59
and lows and when it makes intro and
00:08:01
weekly highs and lows and look at the
00:08:04
monthly highs and lows when are they
00:08:06
forming and you'll be able to see a
00:08:08
storyline over time studying it in
00:08:10
reference to the higher time frames key
00:08:12
support resistance levels that you would
00:08:14
otherwise look for when these time
00:08:16
periods or key swing points trade to
00:08:18
them you will see significant in high
00:08:20
probability turning points
00:08:28
hopefully you enjoyed this presentation
00:08:30
obviously if you want to find more you
00:08:32
can visit my website at the inner circle
00:08:34
trader.com
