ICT New York Killzone

"The classic ICT New York open kill zone" - 7:00 AM to 9:00 AM New York time

Definition

"The New York open frequently sets up an optimal trade entry pattern that can offer 20 to 30 pips as a scalp"

"Key times to monitor are 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"

Time & Pairs

Optimal Pairs

"The majors that are coupled with the dollar index or the dollar that to me is the ideal pair for this time of day"

Daily Opportunity

"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"

"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"

London Overlap Advantage

"It's the easiest time to trade because we have the luxury of having London over lap and New York"

"New York open in my opinion and I've been doing this for a very very long time it's so much easier to trade that session because as a built-in advantage and the secret to it is what's going on in London"

London Session NY Killzone 7 AM - 9 AM NY NY Session extends to 2 PM 3 AM 7 AM 9 AM 2 PM London Overlap = Built-in Advantage

New York Session

Session Extension

"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"

Economic News Impact

"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"

Session Characteristics

Two Potential Scenarios

"The New York session typically has two potential scenarios continuation of London's move for a complete reversal on the daily direction"

Scenario 1: Continuation of London's Move

"The continuation of the London move I believe is the easiest and that's why I taught in my free tutorials that approach"

Scenario 2: Complete Reversal on Daily Direction

"It's not my goal to teach you market reversals because quite honestly there's a lot of things that are required to do that"

"Reversals are they require a lot more things that I can't teach in just one video there's so many things that goes into that"

Daily Bias Alignment

Easiest Approach

"When the daily chart is in a clear one-sided momentum it is easiest to look with confirmation of that direction in the London price action"

"If London agrees with the daily chart being bullish that means we should be seeing a low form in London we would anticipate a retracement lower into New York open and in agreement with that daily bias so we would anticipate a New York low to post a continuation setup or optimal trade entry"

Trading With Daily Bias

"Try to convince yourself that it's much easier to trade with the daily bias and to look for your daily ranges to expand in that direction"

"If you get accustomed to trading continuations and trading an agreement with the daily bias and only taking those setups you will have the best setups"

"It's much easier for us to see the daily bias on the daily chart where that momentum is and trade in that direction because that's gonna be the most likely expansion or the most likely side of the market place to be on where the big moves are going to occur"

Bullish Daily Bias → London Low → NY Retracement → Expansion London Low London Rally Initial Daily High NY Retracement (7 AM - 9 AM) Optimal Trade Entry NY Expansion (High of Day) High of Day London 7-9 AM NY NY Session

Power Three Fractal Pattern

"Everything is fractal so if we see the open here and we're bullish we see it open a small little decline creating the low of the range expansion high the range and comes off the high and closes just like in power three on the daily candle or bar we can see the New York session creates that same fractal pattern"

Power Three Applied to New York Session (NY Open to 2 PM) NY Open Low of Range 1 High of Range 2 Close (2 PM) 3 Creates Low Expansion Comes Off High

Fractal Nature

"Same scenario here you see open it trades down creating too low the range expands up creates too high the range and comes off too high and closes our three applied to the individual trading sessions"

Weekly Objectives & Trading Strategy

Weekly Pip Targets

"I look for my personal trading is 50 to 75 pips a week"

"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"

One Shot One Kill Approach

"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"

NY Open as Mitigation Tool

"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"

"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"

Weekly Focus

"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"

Daily Scalp Confidence

"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"

"Every single dollar based Cross will give you a set up between 7 a.m. and 9 a.m. New York time"

Study & Review

Click each card to reveal the answer (from transcript quotes)

What time period defines the classic ICT New York open kill zone?
"Key times to monitor are 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"
What pip range does the New York open frequently offer as a scalp?
"The New York open frequently sets up an optimal trade entry pattern that can offer 20 to 30 pips as a scalp"
What pairs are ideal for the New York killzone?
"The majors that are coupled with the dollar index or the dollar that to me is the ideal pair for this time of day"
Does every pair have a setup every New York open?
"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"
Why is New York open the easiest time to trade?
"It's the easiest time to trade because we have the luxury of having London over lap and New York"
What is the secret built-in advantage of the NY session?
"The secret to it is what's going on in London"
How far does the New York trading session extend?
"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"
What are the two potential scenarios for the New York session?
"The New York session typically has two potential scenarios continuation of London's move for a complete reversal on the daily direction"
Which scenario is the easiest to trade in NY?
"The continuation of the London move I believe is the easiest and that's why I taught in my free tutorials that approach"
What is ICT's weekly pip objective?
"I look for my personal trading is 50 to 75 pips a week"
How does ICT describe his one shot approach?
"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"
When does ICT use the New York open?
"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"
What should traders look for when daily chart is bullish and London agrees?
"If London agrees with the daily chart being bullish that means we should be seeing a low form in London we would anticipate a retracement lower into New York open and in agreement with that daily bias so we would anticipate a New York low to post a continuation setup or optimal trade entry"
How does Power Three apply to the New York session?
"We see it open a small little decline creating the low of the range expansion high the range and comes off the high and closes just like in power three on the daily candle or bar we can see the New York session creates that same fractal pattern"
What days does ICT focus most of his trading?
"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"