okay folks welcome back this teaching will be dealing specifically with the ICT New York kills in you okay the New York kills in what ICT concepts are going to be used in this module again the importance of time and price New York open the New York session and important characteristics of the New York session okay the New York open now the majors that are coupled with the dollar index or the dollar that to me is the ideal pair for this time of day the New York open frequently sets up an optimal trade entry pattern that can offer 20 to 30 pips as a scalp now a key times to monitor our 7:00 a. m. to 9:00 a.
m. New York time this is what I refer to as the classic ICT New York open kill zone every single day Monday through Friday I believe that if a trader were to scan through the major that are coupled with the dollar index they would find a set up that would offer 20 to 30 pips I teach that as a means of inspiring study but not to encourage you to try to trade every single trading day every day there is an opportunity for you to study but that does not mean to go in and try to trade with live funds every single trading day so by having that expectation that 20 to 30 pips exists every single day Monday through Friday that's again not an inspiration for you to go in and inspect expect the 100 pips to 150 pips a week I look for my personal trading is 50 to 75 pips a week so between what I've shared so far with the London open with the Asian open and now with the New York open you have three opportunities every single trading day to look for an opportunity to get those specific objectives for the week so I know that there's a high probability that I can get my entire weekly objective in one solid London open if it moves a lot if I do not get it or I do not get a weekly objective which is my one shot one kill where I trade the weekly range because that's really what I'm framing my setup so on but if I miss it or if I get it wrong and I have to mitigate a loss I will use New York to mitigate any mess-ups that I make during the week my focus is at the beginning of the week because Monday Tuesday and Wednesday if I operate most of my trading most many times all of my trading needs then but if I take a loss or if I miss an opportunity and I still feel confident about the weekly objectives still coming to fruition that means I see a setup that's still viable I will go in and trade in New York open to get those small little scalps to add up to 50 to 75 pips so I'm confident that I can get 20 to 30 pips and in New York open in one of the majors every single day that's my experience speaking that's not an invitation again for you to go in doing it what I'm trying to encourage you to do is go through the charts and see if what I'm saying isn't exactly what you see every single dollar based Cross will give you a set up between 7 a. m.
and 9 a. m. New York time it's the easiest time to trade because we have the luxury of having London over lap and New York and looking at the chart on the right this is a Aussie dollar pair and we can see that right in here delineating being New York open here that sets up the opportunity and the optimal trade entry is seen here London low initial daily high the retracement then a subsequent expansion creating the high of the day everything framed relative to what is seen on the London low for the body weight for the retracement between 7 o'clock and 9 o'clock in the morning and rally now there's a lot of things that goes along with making this setup identifiable obviously it's very easy for me to point to these in hindsight but experience has taught me how to see these things by a small sample size of conditions okay not all those conditions are going to be taught to you in my free tutorials so you're welcome to join them an internship you get all the details that are not there but you will get a lot of insights just from the free tutorials for now I want you to just be content with identifying between seven o'clock and nine o'clock in the morning Monday through Friday on the dollar crosses in other words every pair that's crossed with the dollar if you watch those pairs between 7 o'clock and nine o'clock in the morning and if you have a job or give a business and you can't trade this particular time of day even if you look at it in hindsight in the evening after the market has closed you'll be able to see many examples that repeat themselves every single trading day but again every pair doesn't have a set up every New York open but every New York open has a set up in one or more of the majors that are crossed with the dollar now everything I say is reversible if you will and we can see the same scenario for the eurodollar we have an opportunity to see both sessions here the Asian session creates a swing high the London open creating a high to sell short from and then New York open retracement creating a high and it expands and goes lower this particular pair in this day I actually traded this and the examples are shown on my Twitter and you can find that for your own study but for now just understand that between 7 o'clock in the morning and 9 o'clock in the morning New York time there's typically a set up that forms that offers 20 to 30 pips native New York session the price action during the New York session sees a consistent round of economic news releases now these news releases will many times stimulate price action and sometimes its predictable and other times it's not sometimes these news releases will cause reversals in the marketplace and sometimes they'll add fuel to the fire and/or momentum to an existing daily bias the New York trading session actually extends beyond the nine o'clock hour and it goes to 2:00 p.
m. in New York time you look at the chart here on this dollar cad what i'm doing eating here is those specific time points when new york open begins and 2:00 p. m.
