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ICT Trading

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0% found this document useful (0 votes)
206 views20 pages

ICT Trading

Uploaded by

steevebrugiere
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ICT Market Maker Primer Course

ICT Forex – The Weekly Bias – Excellence


In Short Term Trading
Michael J Huddleston

Folks welcome back. this teaching is going to be specifically dealing with the weekly bias -
excellence in short term trading.

point to focus in this module:

• mapping bullish weekly profiles (when to anticipate weekly lows to form)


• mapping bearish weekly profiles (when to anticipate weekly highs to form)
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Weekly Bias:

okay so the weekly Smart Money view. As you see here this is a chart depicting one week's worth
of trading and I want you to take a look at how the market gyrates from day to day Monday-Tuesday-
Wednesday-Thursday and Friday. This would be in a bullish scenario okay this is for bullish
conditions what we're looking for is:

• The weekly low to form between Sunday's opening and Wednesday, they're high odds or the
weekly low to form before Wednesday's New York open or would be otherwise 7:00 a.m.
New York time.
• The odds further increase between Tuesday and Wednesday, focusing on Tuesday's London
to Wednesday's New York open.
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Higher Time Frames:

So let's flesh out some more ideas about this what you're gonna be looking for is a higher time frame
directional bias. And there's a couple different ways you can do that and I teach those in the
mentorship but if you'd like looking at a higher time frame charts like monthly and weekly charts
they will aid you and assist you in determining that. This is a hourly and/or 30-minute time frame
viewing the weekly perspective so that way you can see the entire daily range over the spectrum of
the entire Sunday's open to Friday's closed.

Opening Price:

what we want to be focusing on is the opening price on Sunday. Now some of you may not have
Sunday candle in your platform and that's fine it's still beneficial for you to seek out whatever the
Sunday opening price is so you can use things like websites that follow the foreign exchange markets
and get an opening price because sometimes these I think prices will create gaps from Friday’s close.
Those gaps are very indicative of sentiment and sometimes they could be exhaustive or they could
be insightful and inform that it's showing underlying strengths if it gaps up it may not fill, it may not
trade back down and fill that gap and trade higher, it may just straight away you know go North right
from the higher opening on Sunday's open. What we're looking for is on Sunday's opening we want
to see that opening price and extend it all the way to Friday.
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keeping that in mind and I'll explain why that's important but we're primarily looking for is a power
of three formation on the weekly range but from a 30-minute chart which is what we're showing here
this is going to give us the intraday reference points and it'll show you how the market moves and
gyrates with this .Now if you choose not to use Sunday's data, which I think is little myopic lamb or
at least talking about the relationships of the opening price for the weekly range because they have
to understand that it still is there in terms of trading just because your platform may or may not have
a Sunday candle the market data in fact open many times hours before you would expect it to a
showing price when your Monday candle so it's beneficial to go through and research and find out
what opening prices on your respective Forex pair, that's what you're using. You can select to go
with the opening price on Monday's trading but your data is going to be slightly skewed, okay so
whatever your first opening price is on Monday you can use that price and draw that across but if it's
an instance where the market starts at a lower price level on Sunday we may not get the opportunity
on Mondays opening price to dip down below when we are bullish or want to be a buyer at the
opening price or below it, so I use the Sunday's opening price to teach new traders because it teaches
sentiment, it teaches them overbought oversold without the use of indicators and it also teaches you
to trust the higher time frame premise which is – “what's the monthly weekly charts suggesting are
they implying that we're gonna be moving higher or are we moving lower”. This example above is
going to be framed on the basis that we elected by a way of analysis that the higher time frame charts
are looking for higher prices, so that means price is going to expand on the open on Sunday or shortly
thereafter and having a higher close or at least expanding throughout the week to make a higher price
level where we can hopefully find an opportunity to harvest some pips
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Weekly Range:

In terms of power three, what we're seeing here is the relationship day by day and what price has
done with that opening price but in terms of a weekly range if you're a short-term trader you can use
this insight and not have to worry about day trading at all. Once you know the opening price you'll
be anticipating that move down below the opening price.

Now what level you choose to buy it down there there's lots of different ways you can do it and I
teach a lot of them and it's not important for me to share with you any one particular setup because
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I've learned over the years teaching that some of my concepts don't always gel or more or less work
for certain individuals. It's not because the patterns are not favorable in terms of how to use them in
the price action it's because of personality. I'm giving you an example to be a buyer when the market
creates a new low that is sometimes scary for certain traders and they won't want to do that. Other
traders that see that and they say what makes perfect sense they will gravitate towards that type of
pattern. The ones that don't want to be buying below old lows that trader will probably do very well
when they do optimal trade entry buys where it's proven it's gone up a little bit and it retraces, it
makes more sense for them to do that. So that's why in a free content I'm avoiding that whole way
of teaching because it gives the impression to the students or the first-time readers or viewers of my
content that I'm trying to promote you to follow a specific mold okay or press you into a specific
mold, which as a teacher and a trader I know that doesn't work, you can't work okay it might work
for some of you but I don't want to make my success as a mentor be based on just a handful of my
students. I have a way of teaching where the content is there for you to plug in play for your own
personality and I do a lot of that stuff in the mentorship but for free content this is all you need to
work with and you'll find all the setups you'll ever look for. we can fine-tune this principle and
actually give you specific levels on what you would be buying at below the opening price both in a
day traders perspective and/or a short-term trader so it's a short trend trader if you've watched my
content and you've been impressed with the ability to have that precise of an understanding you can
still use these same concepts by way of using the opening price in trading the weekly candle. The
weekly range or weekly candle they're synonymous terms but I use them in a tune interchangeably
but for the sake of weekly range that's exactly what I'm talking about.

what we're forming here is this particular week's entire data from the low of
the week to the high that week this opening price is representative of the
Sunday's opening price we would be already bullish on the week. we would
anticipate this movement from the open and down we would not be
interested in anything from the open to trade up first we would look at that
as “not interesting” we would wait for it to drop down into an oversold
condition. what makes it oversold because its opening price is value, that's
fair value at the time of new trading. At some point in the future we would
anticipate the market dropping down, that dropped down from the opening
price it's going to make price in terms of overbought or oversold, because
the context or premise behind it we would already be bullish relative to the
monthly and weekly chart so if we're expecting the weekly chart to continue higher the new week
we would expect to see the opening price that drop down which is a Judas swing. This engineered
move is to knock individuals are already out long or drive individuals that are not in the marketplace
that want to sell short to entice them to do so, any pending orders that would sell in a breakout it
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would be filled down on this movement here. So you as a short-term trader you could elect to buy at
one of these levels below the opening price that my tutorials teach some of but we go into great detail
with that mentorship so you can frame all types of entry techniques and concepts they reside below
the opening price. where we uses information from the free tutorial standpoint is if we know that the
low of the week (from the opening price on Sunday making a low of the week on this weekly range)
is going to form between Sunday's opening and Wednesday’s New York open. The odds favor a
greater chance of the low forming when you're bullish between the London set up of Tuesday and
New York set up of Wednesday. So Tuesday's London set up to Wednesday's New York set up
between these two time periods I'm going to encourage you to go through your charts (it's really
really easy to go through hindsight data) and you'll see what I just told you is like the elephant in the
room. Retail traders until I taught this stuff publicly on my YouTube channel and in my to tutorials
nobody was talking about this, nobody was mentioning it – no one was using it and the folks that
tried to say they were always aware of it they showed examples in their trades and it never was there
they were doing the things that were opposite to what this teaching teaches. I've been doing this for
two decades and only a few handful of individuals around the world had opportunity to learn from
me (it could be about 18 years ago or so) and that's small little circle of individuals they and myself
have the only ones have been really been aware of this type of phenomenon. Now since I made my
tutorials there's been educators and stuff's they've linked on to what I teach and they renamed it, they
call it a weekly strategy they call it you know whatever else they want to come up with and they add
some kind of a twist in the title but once you see what they're doing it's what I've taught here and
what I've taught in my previous teaching “how to cache explosive price moves” which is the free
tutorial which I didn't like the presentation but if you watch that video or look at it the first couple
minutes of that video is actually what I'm showing you here so once that was produced and shared
on baby pips and that crowd watched it all there - they caught fire.

Weekly Low:
Problem is most traders they don't know what to do with it below the opening price when we are
bullish so which level do you buy? in this instance I'm just gonna teach the classic market structure
bullish optimal trade entry so you're gonna anticipate Tuesday to Wednesday's low forming now
sometimes it's going to on Monday but you can still get a continuation move on Tuesday or
Wednesday but primarily I want you to be thinking how Tuesday to Wednesday in that time period
that's when the weekly low is gonna form. many times it's going to be Tuesday's London open, now
if that's going over your head I want you to stop think about what I just told you. the weekly low
most likely forms on Tuesday’s London open when we're bullish. If we are bullish and it does not
form on Tuesday and we drop down on Wednesday then Wednesday will probably be the low of the
week. If we go lower than the low formed on Wednesday’s New York open you have to nix the trade
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and go to the sidelines on the day specially if you took an opportunity on Tuesday or Wednesday
and they were losing trades “you have to stop” and just submit to the fact that you're wrong even if
Thursday or Friday it goes higher and that's a very hard lesson to learn because you were bullish on
the week but you get stopped out and it still ends up going there and you've missed out on it. That's
going to happen it's happened to me many many times and it does not undo the effectiveness or the
validity behind the setup. There's going to be an imperfection in your trading so you have to permit
that but if we're looking for the low to forum on Tuesday or Wednesday what we're simply looking
for is a new low in the week preferably on Tuesday’s London open or Wednesday’s New York open.
between these two reference points should that occur, soon as we have a lower low in a week formed
we find the short term high prior to that new low forming in this case it's this here (the yollow circle)

so when that occurs that's our trigger point. So for individuals that want to buy on retracements with
optimal trade entry we're going to wait for price to break above this short-term high from that point
you're going to be looking for the low to forum prior to this run-up.
Now classic fib people will go from this low(red circle) to this
high(violet circle) sometimes that'll work & sometimes it won't. what
I want you to look at is we have the most dynamic price movement
off of this low(sky circle), so you're gonna anchor your fib on the
lowest close or open in that swing low drag it all the way up to this
body here(violet circle). Now I don't have that in here cuz I want the
presentations to be clean because my watermark on top of the chart
and my references I'm showing you here I want you to go through
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and look at this for yourself, go through your own data it the November 21st and 22nd of 2017 use
a 30-minute chart and you'll be able to see going that fib that low to this high you get an optimal
trade entry beautifully lined up right there and there's your continuation buy and here's the thing
you're buying it below the weekly open one Sunday. you're buying below that weekly open trying to
do power three on week, this gives us the best advantage to be in before the expansion that takes
place on the weekly range because we're buying below evaluation that would deemed as fair and it
drops down to an oversold condition. while everyone else would look at these movements dropping
down here and dropping down here as “momentum
on the downside” our perspective is like the smart
money we're looking at that as it going down to an
area of a really really cheap price. If you're terribly
afraid just to step in there right when it breaks below
to a new low, I understand that but over time you're
gonna have to encounter that and just move past it or
just elect to go with optimal trade entry as your
pattern and there's certainly nothing wrong with it
but if you're wanting to buy up here and you're
always gonna wrestle with the idea I wish I would
have bought down there, this is only going to occur if you buy at new lows at a time when it should
be creating the low the week. like I said it's hard to do that without just getting in here(at the exact
low) and desensitizing yourself by practicing it practicing in a demo account and doing it live with
a demo over and over and over again to the point where you just don't care if the outcome is going
to be profitable or not. because that's what it takes to be consistent, you're not worrying about the
end result you just trust the process of what you're doing eventually over time the sample sizes are
more weighted on the positive side of what you're expecting to see then that of the temporary and
sometimes you know unwanted negative results that is missing the trade or getting stopped out. This
would be the optimal trade entry again it's on a day that we would look for low to form on Wednesday
and price starts to expand above the opening price, preferably we want to see price show a
willingness to want to expand away from the opening price and not want to come back down to it.
now there are some certain caveats to this and I'll add this to you just to you'd be a little bit more
splice on this. if we make the low of the week on Monday how do we know that? it trades back above
the opening price on Monday and expands a little bit more. this right here we dropped down and
went back above the opening price I don't trust this because it's Monday and I like to see the Monday's
range. I want to see what the Monday's entire daily range is. I don't get the weekly lows many times
actually be fair about about 90% of the time if the week makes it slow on Monday I'm missing that
because I elect to sit many times on the sidelines, because I want to use the range of Monday to give
me insights.
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On Tuesday I like to get hopefully a lower low when I'm bullish and then I'll buy in here okay based
on some pattern or some kind of a key level I teach and I'll ride that out and hopefully get back above
the opening price. Now if we trade above the opening price one Tuesday I will permit Wednesday
to see retracement back down the opening price finds some support and then rally back away. On
Wednesday, if we're breaking above the opening price on Wednesday, it cannot it should not come
back to opening price. now again in simple terms - Wednesday is defining the sand, if it trades above
the opening price when we are bullish then we do not permit it to come back down to the opening
price. It can happen if we go above the opening price on a new low on Tuesday, we could still see it
come back down and retest the opening price on Wednesday. The algorithm will want to expand
away from this opening price after Wednesday because it only has NY opens time period to Friday's
closed and that's why you see this acceleration in the movement on the weekly range nealy after
wednesday breaks above the opening price. Now you're gonna look at this and I'm gonna be
criticized by folks that don't like what I'm teaching because they're sold on indicators or whatever
else they're doing or they don't like the fact that I'm right. They're going to say this is being cherry
picked in hindsight capacity. well grant I am hand picking this in hindsight to show you because it's
already happened, anyone teaching you anything is going to be some level of hindsight I'm telling
you to go through your charts and you will see this yourself as many as examples that you're gonna
find you're gonna see quickly what I'm telling you is the gospel. It's just the way it is. You can argue
and wrestle with this but if you trade against this premise, you may understand why you're losing
money. Once we get through the opening price on Wednesday and/or on Tuesday or Monday,
(Monday I personally will never get the low on Monday weekly low, I won't get that on Monday you
can try to test that theory and buy down here and you might get something like this Monday bullish
move on this chart and this could have kept on going ) if you're going to trade on Monday if it trades
back to the opening price, my opinion is to take some profits there and leave a stop in so that way if
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it does not takes any open profits but leave it in there because you might have caught the tiger by the
tail.

statistically studying all the possible scenarios and weekly protocols that I teach I elected to simply
wait till Tuesday and that's just the way I do it obviously I'm not encouraging to follow me step by
step but I'm doing it and telling you this because I want to be open about how I do it. Tuesday I'm
really actively looking at London open, that's really what I'm looking for. Between London open on
Tuesday and Sunday’s opening I'm really not doing much at all I'm just relaxing and spending family
time, I glanced at the charts but I'm not really trying to actively pursue anything until around London
open on Tuesday and if you look at the weekly ranges on the foreign currency pairs you'll see that
many times we are bullish or bearish these turning points will form on Tuesday’s London open.

For this example here we're bullish and we're looking at the opening price on Sunday -you want to
see it drop down - it trades down to a level we wait for it to break a swing high, this could have easily
formed on Monday and the retracement could have been occurring on Tuesday like it is here on
Wednesday and in Tuesday could have trades to the opening price and we could still permit it to
come back down to that once a retest of the weekly open but after that it's not allowed to do it again.
If it ever starts to gravitate back down to that opening price after Wednesday trading through it it's
probably made a reversal or it's going to consolidate for the rest of the week either one's not good
for a weekly expansion. There's going to be times where we'll trade above the opening price on the
weekly range and not go very far and just gravity right back to the opening price and it's going to be
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a quiet mixed week. if it's still bullish the following week would still use the same criteria okay but
the next stage would be really expecting that expansion.

Now this portion of the weekly range is going to be what you're holding for an event say until Friday's
close.

your mindset should be not trying to find 10 pips or give me 20 pips. I start my week off looking for
scenarios that get me in down below the opening price because I understand it below the opening
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price is the ideal entry point for all my day trades and my short-term trading. As a short-term to
swing trader you can use that insight using the weekly ranges and not require yourself to be anywhere
near an hourly or four-hour chart or anything less than that so there's no reason for folks that watch
my videos and I'll say “well you know I'm not a day trader I can't use this information it's interesting
ICT but I just I can't do that”. You have no excuse because of this gave you a bazooka okay this gave
you the ability to go in there and short-term or sling trade using the opening price on Sunday, wait
for it to drop down and simply go in and handle it. Now I will toss this out there and you guys can
test this theory on your own. If at any time you are bullish on a weekly range if the opening price
and we drop down say 30 pips okay if we drop 30 pips from the opening price on Sunday test this
theory out if you're bullish buy 30 pips below the opening price one Sunday and use a 150 pips stop
this is for swing traders not short-term traders okay and let that go and see if you don't get 150 to
300 pips test that theory and give me your feedback through Twitter you try this on any pair really
any kind of market really but for forex I'm gonna give you that suggestion now it does not mean that
you won't see it drop down sometimes 50 to 75 pips okay but generally your stop-loss of 150 pips
after buying below the opening buy 30 pips what you're really doing is you're saying “I don't believe
in to go down 180 pips from the opening price. If it's truly bullish we won't spend a whole lot of time
below the opening price and it won't go that far down below it unless we are changing long term in
a reversal from a bearish market to a bullish market, then we can see some really wild reaches below
the opening price which I don't look for those anyway I want to be looking in a marketplace that's
already in position to be moving it has been moving for a while longer term and I'm just getting in
positioning myself in a logical area where the next upside is clearly an expansion or bullish up close
for Friday”
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weekly smart money view:

the weekly smart money view or bearish conditions, you can see here we have the same thing just
reversed. We're looking for

• The weekly high to form between Sunday and Wednesday (high odds between Wednesday's
New York open 7 a.m. from Sunday's opening, that's what we're looking for)
• The odds further increase again between Tuesdays and Wednesdays trading (specifically
focusing on Tuesday's London open to Wednesday's New York open)
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so we're looking at the weekly range here for this particular currency this Dollar Cad and you can
see how price did infact have a up movement on Monday and then we had another movement up on
Tuesday creating the high of the week during the London session. what we were looking for the
scenario overall? we anticipate a bearish week ahead of the open. Once that opening price is derived
on Sunday we extend that through the entire week until Friday's close.

Movements above the opening price, we anticipate that we want to see price go to a level that would
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push price into a technically overbought condition (note : there is no overbought indicator on my
chart I'm reading price action). The fact that we're trading above the opening price in an market
environment that's bearish in longer-term, that's what frames my idea overall. High of the week forms
on Tuesday, On Wednesday we barely have any type of movement whatsoever we still have a little
blip on the radar as price runs it back above that opening price and then quickly rejects. Notice that
once it leaves that opening price on Wednesday it doesn't try to go back to it. Now it does retrace
here on Friday but it's not getting close to it. If it does it's going to be a “mixed week” we don't want
to be a part of that. Ultimately next week price comes down sales this old low and we can see a
reversal that's “outside the scope or the focus”. The point we're looking for is “when we're bearish
we're looking to sell short on or at very close to the weekly high & riding that down to some measure
of expansion below the weekly opening price.”

The Weekly Range:

So in terms of the weekly range or weekly candle what we're looking at is the opening price - then
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we're seeing the Judas swing this is the portion of price action that we're anticipating. We anticipate
this type of price action and we want to have a level in mind before it starts to even trade up where
we're wanting to sell short. In this example a real good example would be we have a high here and
a Monday's high so we have relatively equalized price stabs above this you could be a seller here
and I did in fact take this trade and I shared it on Twitter. You guys can see that go through my
Twitter feed look at the date for around November 21st 22nd. I would have shown the example and
my entry points and everything's in there. So short with the expectation that there's going to be a sell-
off on the Dollar Cad, then price sells off & goes below the opening price. Now remember what I
said “as long as it is before Wednesday's New York open its permissible see price trade back to (in
this case above) the opening price because on Wednesday that's when it should leave the gate. Once
it starts leaving that opening price it's going to expand to reach for some measure of price action that
creates the movement below the open price”

So the range expansion portion of the weekly range that's what you're holding for but you want to be
positioned up here while price is going up when it's long term bearish. It feels scary - it feels odd - it
feels out of place because you're watching price shoot up like this and every retail minded trader out
there and every person that's on Twitter and Facebook they're gonna be looking at this thing saying
“it's going to the moon” and it's not, it's a southbound train. Once this thing leaves the station which
is the opening price on Wednesdays New York open (draw that box on your chart) once that occurs
it should always try to expand away from the opening price. you should have a predetermined level
where you're going to be getting out at inside of this expansion. In this case we have relatively equal
lows here, so if we go about 10 to 20 pips below that - that would give us around 1.2695 and that
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gives us to this price point there, it goes a little bit lower but then ultimately comes back with a deep
retracement and then closes end of the week giving us the weekly candle or range profile like this.

The Ideal Scenario:

The ideal scenario is to look for a sell above the opening price as a day trader you could be focusing
in on that and/or as a short-term trader or swing trader you can use the weekly candle or weekly
range to trade entirely off of that and not even look at an intraday chart, not even a daily chart. You
can take these types of trades and again look for that same scenario - wait for it to trade about 30
pips above the opening price. In this case here we opened around here we can go up 10-20-30 pips
so you could be a seller around 1.2805 and a stop loss of 150 points or pips okay and try to get 150
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to 300 pips profit from that by selling at 1.2805 or thereabouts price goes all the way down to a low
of approximately 1.2675. I gave you this example to see and show you how even using the objective
of 150 pips – 300 pips you may not get that actually in your profit which is why I teach to take partial
profits so if we sold short hypothetically at 1.2805 or whatever 30 pips would be above that opening
price if we sold there with the expectation that we're gonna try to capture a 150 pips or more, as soon
as you made a 100 pips why wouldn't you want to bank their seeing that we're probably only gonna
make about 130 pips on this move. 100 pip movement anytime your moves ever traded a 100 pip
intervals you have to take something off, learn to do that if you do not do that I promise you will
look back and regret not having done so. As a day trader you know obviously if it moves 100 pips
you certainly when we banking 80% of your position and if you're a short-term trader you want to
be at least half your position out because the weekly can change gears midweek. for instance it could
have went down to this low here and in trading on to Tuesday high, those occurrences can happen.
So if it's offered up a 100 pips, take something off at 100 pips regardless of what style or what type
of integral up trader you are if it gives you a hundred pips pay yourself on those hundred pips even
if it's one tenth of your position overall. do it because it'll feel good to do so it'll pay you for your
time and the risk that you put in and it teaches you the value of doing overtime the folks that say that
partial profits are stupid or idiotic you shouldn't do it because the full risk was what it was the
beginning. The risk is going to change preferably it's gonna reduce over the life of the trade anyway
but that same initial risk does not guarantee full profit. The assumptions that use just because you
put a specific number of risk percentage on at the beginning of the trade and it's stupid to take partial
profits because you risk this much. How many times have your trades gone to full profit? How many
times have you failed to take something off ? if you just would have taken something before it turned
back on you ? that's what I've been doing for 25 years folks okay 25 years I seen enough of this to
know partial pays, it pays. You have to give yourself the ability to take something out because the
market is not going to do it for you. You have to take it out. So if you're gonna be a short-term or
swing trader you want to use that weekly range like this if we expand a 100 pips we're looking for
150 to 300 pips for the week. You're not always gonna get 300 pips but preferably if we're bearish
in this case we want to see hopefully a big weekly range. remember this small range big range ? well
if we're starting to see small weekly ranges right ahead of this and we're still bearish if we get this
scenario here we can do very very well. You can see those big 300 sometimes even 500 pip ranges
on a weekly, especially if it's gonna be a lot of news a lot of things that are happening in economic
calendar. It can be extremely volatile and it creates a large range on the weekly.

So the model is : we look for if you're a short-term swing trader that can't be in the intraday stuff you
can sell short above the opening price about 30 pips. Now you can fancy dance that you can say well
I'm gonna be a seller at 40 pips above the opening price, fine. if it trades up 50 pips above the opening
price I could be a seller there and look for 150 pips to 300 pips with the expectation you're not always
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going to get 300 pips but if it allows you to make a 100 pips when you take your first partial off and
put your stop at breakeven you're in a beautiful position. because if you take half your position off
at 100 pips could you stop at breakeven and then see if it gives you any more movement for the rest
of the week. once the examples come by looking at hindsight data and seeing what's available. You
will quickly see whether this is for you or not. I'm not trying to twist your arm I'm just giving those
individuals that don't have the ability to sit in here every single day watching intraday price action a
way they use this information on a higher time frame you know allow them to participate. If you are
able to look at the market Tuesday or Wednesday and you only have to do it on those days around
Tuesday's London open and Wednesdays London open, if you watch those specific time points you
can look at specific levels in price action that I teach in my tutorials and go into great detail with the
mentorship you can sell at a more favorable entry point and you won't have to just say okay well
here's the opening price on Sunday I'm going to take a set number of pips above the opening price
all the time and sell short there when I'm bearish you can avoid that and you can say okay well I'd
say open here okay I'm gonna watch and see what Monday does Monday's dilly-dallying around
create some Monday high here and we start trading here we start to drop down ahead up London.
we're not interested in that. we're looking for previous weekly high & double tops. What's gonna be
resting above that? buy stops. If you know that going ahead of Tuesday's London open you could
just simply do a sell limit order right above the high on Friday or a high on Monday and then you
can really reduce the amount of exposure you have and then still have that same 100 pip profit
objective.

Hopefully you enjoyed this presentation. if you like these lessons and you want to find out more you
can visit my website at the innercircletrader.com

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