ICT Forex - The ICT London Close Killzone

Name: ICT Forex - The ICT London Close Killzone
Uploaded: 2017-12-09T17:36:17.000Z
Duration: 18 min 34 s

Introduction to ICT London Close Kill Zone

In this section, the speaker introduces the concept of ICT London Close Kill Zone and its importance in trading.

What is ICT London Close Kill Zone?

The London close is a particular time of day that usually ends the opposite end of the daily range.

The major pairs are usually coupled with a dollar or ideal for this time of day.

The London close frequently sets up an optimal trade entry pattern that can offer 10 to 20 pips for a scalp.

When is the ICT London Close Kill Zone?

The monitor times are 10 a.m. to noon New York time.

This is the ICT London Close Kill Zone.

Characteristics of the ICT London Close Kill Zone

The price action seen at London closed typically sees a retracement off the high of the day on bullish days and off the low one-day that is seen bearish.

There's typically a five-minute optimal trade entry setup in these conditions but they're very short-term in nature so moves aren't a lot.

Examples of ICT London Close Kill Zone

In this section, we will look at examples of how ICT London close encapsulates s--the daily range and creates continuation points for swings that trade well into New York afternoon hours.

Example 1 - Dollar CAD Chart

We have consolidation during Asian market creating low of day then after midnight New York time market rallies one-sided all way up into time window between 10:00 am and noon New York time.

This gives us an easy 20 pips scalp on this particular day.

Example 2 - Euro Dollar Chart

High forms in Asia then after New York midnight time we had high form again and then low of day forms exactly at parameters between 10:00 a.m. and noon New York time.

The higher lows generally formed between 10:00 o'clock and noon New York time.

Example 3 - Aussie Dollar Chart

The market creates the low of the day as we would expect then it gives us an optimal trade entry long and trades higher.

This gives us a rather easy 20 pips in here on this particular day.

Characteristics of ICT London Close Kill Zone

The London close can create continuation points for swings that trade well into New York afternoon hours.

If we're bullish overall in the day instead of creating the high of the day in bullish markets or bullish days many times, the London close connects to create a continuation pattern.

Conclusion

In this section, we will summarize what we have learned about ICT London Close Kill Zone.

Key Takeaways

The London close is a particular time of day that usually ends at the opposite end of the daily range.

The major pairs are usually coupled with a dollar or ideal for this time of day.

The price action seen at London closed typically sees a retracement off the high of the day on bullish days and off the low one-day that is seen bearish.

There's typically a five-minute optimal trade entry setup in these conditions but they're very short-term in nature so moves aren't a lot.

The higher lows generally formed between 10:00 o'clock and noon New York time.

The London close can create continuation points for swings that trade well into New York afternoon hours.

Understanding Daily Price Movement

In this section, the speaker discusses how to understand daily price movement and how it can be beneficial for entries and managing positions.

Characteristics of Intraday Trading

If London is bullish, New York is expected to continue moving bullishly as well.

London close would be the high of the day if we're bullish; it would be the low of the day if we're bearish.

Sometimes, the market creates a Princeton side liquidity pool that forms a reversal point for the rest of that day.

Importance of Understanding Short-term Price Movement

Understanding short-term price movement is important for entries and managing positions.

The insights provided in this teaching are concise but insightful.

There are times when certain scenarios may not come to fruition even if they seem like they warrant an entry on your demo account.

Defining Daily Range

The speaker has covered Asian session, London session, New York session, and completed daily range with London close killzone.

Defining daily range does not mean daily bias or long-term direction. It just means defining four reference points: open, high, low, and close.

These four price points make up power three: accumulation manipulation and distribution.