Definition
"This lesson is defining the daily range"
"If it's going to be a high probability trade scenario that we're going to be looking for it stands the reason we have to start with the same reference point that IPDA itself the interbank price delivery algorithm uses in referencing time"
"We're going to have to use the same thing that IPDA does when we view price in the element of time of day"
Retail vs Interbank 24-Hour Trading Day
Retail Trading Day
"The retail version of the 24 hour trading day is not what we focus on but I want to highlight the contrast between the two because this is what you see in a typical mt4 platform"
"When we see these retail delineations and folks have these on your charts that's pretty much a classic Telltale sign they have no idea what they're doing and they'll frame the day based on these vertical lines"
Interbank Trading Day
"The interbank 24-hour IPDA trading day is very different"
"What we're going to show now is how a interbank Trader views price in relative terms to time"
Asian Range
Asian Range Time Window
"Every day at 8:00 PM Eastern Standard Time in New York time begins the Asian range"
"Every day at midnight Eastern Standard Time New York ends the Asian range"
"We will learn specific things concerning this range later in April for now I want to give you the beginning endings of all the specifics that deals with the IPDA trading day"
ICT London Killzone
London Killzone Time Window
"Every day at 1am Eastern Standard Time New York Begins the London Kill Zone"
"Every day at 5:00 a.m Eastern Standard Time New York ends the London Killzone"
"Folks that are using my free tutorials they're waiting for two o'clock three o'clock at four o'clock this is the actual Killzone I use so the time window begins at 1am it ends at 5am"
"Look at the high that forms at 5 am at the very end of London Killzone exactly right there"
London Lunch
"This area here between the London and New York kill zones this is London lunch this is generally when we're not looking for any major significant price moves"
"Usually the market goes quiet or it continues in the path it's set for London open"
ICT New York Killzone
New York Killzone Time Window
"Every day at 7 A.M Eastern Standard Time New York Begins the New York Kill Zone"
"Every day at 10 A.M Eastern Standard Time New York ends the New York Kill Zone"
"We will learn specific things concerning the skill Zone later in April but again for now this is the actual times I use to hunt the setup"
ICT London Close Killzone
London Close Killzone Time Window
"The ICT London kill zone for London close every day at 10 A.M Eastern Standard Time New York Begins the London closed Kill Zone"
"Every day at 12 pm noon New York time ends the London close Killzone"
"Whenever refer to London clothes this is the time window again always in whatever New York time is whether it's daylight savings time or regular time this is the times I'm using"
"London close makes the low of the day it goes in consolidation And Trades off the low for a close"
IPDA True Day Definition
IPDA True Day Time Window
"Every day at 12 a.m midnight New York time Begins the IPDA true day this is the beginning of the 24-hour interbank trading day"
"Every day at 3 P.M New York time ends the IPDA true day 24-hour interbank trading day"
"Know that this is the beginning and the ending of an interbank 24-hour cycle"
"When I say New York close I'm referring to IPDA True day close it just saves me the time of saying so true day begins at midnight New York time and ends at 3 P.M New York time"
Why 3 PM?
"Now 3 P.M is because bonds close and the influence that interest rates have on the currency markets will have ended by then"
"The last hour two o'clock to 3 P.M New York time will always encapsulate any movement that's related to fomc so interest rate announcements fomc minutes all those events that take place around the two o'clock hour in New York time"
"No matter what happens in fomc generally the move has ended or the bulk of the move has ended by 3 P.M New York time"
CME Open (8:20 AM)
CME Open Time
"I want to add the 8:20 a.m New York time this is the CME open"
"Look at this line draw straight up with your imagination and goes right to that little short term low and price rallies away from that that is not randomness"
"Look at the low that forms in the actual New York Kill Zone it forms at 8:20 a.m CME open"
"I'll tell you what the CME open is later on but for now just keep that as a reference point on your own charts"
Framework - Timing Reference Points
"You have to have a New York time clock so either on your smartphone they give you an opportunity to do World clocks whatever the time is in New York use the times I'm giving you in this specific teaching and set that as your beginning and ending points for all the references in time"
"You can see that there are very very specific time elements being shown here not only are we blending elements of IPDA data ranges and PD array Matrix we're looking at institutional order flow but now we have an element of time that it gets so precise it's hard to deny how anyone looking at this chart can see there's an algorithmic pattern and it's related to time"
"Look at the turning points that we see here look at the daily High and look at the daily low look at the swing points throughout the rest of the day"
"There's logical reasons for why price goes to these levels and why they go specifically and precisely to a one particular level or another"
Complete Daily Range Structure
Power Three Framework
"Framing the day like this you can clearly see using power three the open at midnight"
"That's how you frame the entire daily range open high low and close and that's the delineations of each"
Study & Review
Click each card to reveal the answer (from transcript quotes)