ICT's Pre-show music is a little questionable this morning...
Reviewing Cable & Fiber from previous session the night before. Then Teaching session.
Picture #1: Likely Stops/Liquidity. Highlighting the areas/reviewing from yesterday.
Big Figure: Be careful of a tight stops on your orders around them. Especially if key Support & Resistance.
Classic Technical Analysis: Stop at/right blow a recent High/Low. Dealer's know that.
Picture #2: "L-Range" view. Let's you "see" a range.
Intraday Action is where it's at for the moment, as not much is really moving.
George Angell (sic) "Inside the Daytrading Game" - LSS:
Taught how floor traders would look at how prices were set.
Don't take position when in the "Middle of the Range". Look at current trading range, ON THE TRADE TIME FRAME you use.
Dealer's Range: 1800 to 2359 GMT with "ICT Asian Session" indicator.
Showing confirmation of trades outlined the night before.
As a Trader, you don't want someone else telling you what trades to take. You have to build up the Skill, otherwise you're dependent on someone else. Go, Work, Learn! (that's my take)
And ICT wants to know the stories of results! That's his payment.
George Angell - "Spyglass" - hard to find, but talks about Pit Traders gunning stops.
Don't "Hope & Pray" price will go your way.
When Sentiment is running hard 1 direction, the Banks will run the opposite way for a while.
When Beyond the 79% OTE, it's a sign the Pair isn't respecting the current Range, meaning it's responding to a larger one or breaking out of it.
Think of Price like a Bus. The Bigger, Stronger people get on by shoving off other people. Thus, the Judas Swing.
Speed in London - means they're gunning for someone.
Dealer's Range gives you the Highest Probability for the areas to search for Order Blocks.
Time has to meet Price. Time & Price!
Picture #3: London Open run into Key level, Slaughters everyone, then takes off 90 pips.
Use LIMIT Orders in London. Price doesn't say there long.
ICT doesn't draw them on his chart (Dealer's Range). Done it enough to just "see" it. We now know how he does it by Sight during Live Sessions.
Banks do facilitate commerce. Other than raping the innocent trader.
Reviewing the Called Prices from Yesterday's session.
Picture #4: Don't Trust Judas!
If Smart Money is Buying, they know the price is "Cheap".
ICT is still a bargain buyer in Real Life. He doesn't chase price IRL either!
Always look for Clean Levels. They'll get run soon enough.
What's the Parent Price Swing?
Picture #5: Parent Range the pair starts within.
Picture #6: ICT finds this beautiful. And it was all called the night before.
Hunt Order Blocks on D1, H4 and H1 levels. Look at areas that Price didn't spend much time there.
8 minutes left. Can ICT get out on time?
"Feather" or "Fluttering" Price Action into London Take off happens 1-2 times per week, per pair. You can get to the point of knowing exactly what will happen. The matter is the Patience to wait for them.
Picture #7: That double of the range is a possible outcome, but ICT internalizes the Institutional Levels right before the Range Expectation.
Nothing in the Market is Random. You can get to the Precision Level.