ICT London Open Kill Zone Lecture

Introduction

• Topic: ICT London Open Kill Zone
• Importance of time and price in trading
• Focus on London session characteristics

London Open Overview

• Key Time Frame: 2 a.m. to 5 a.m. New York time
  • Ideal traded pairs: Euro Dollar (EUR/USD) and British Pound (GBP/USD)
  • Optimal trade entry patterns can offer 25-50 pips for a scalp

Time Calibration

• Calibrate local time with New York time (2 a.m. - 5 a.m.) for tracking
• Always have a New York clock for reference

Trade Pattern Analysis

• Charts indicating high and low formations during London Open
  • High probability of creating high or low of the day

Concepts and Patterns

• Price Action Example:
  • Price drops, then rallies to create the high
  • Identifying high and low points relative to previous and current trading days
  • Importance of vertical red lines depicting midnight New York time
  • Key for determining daily highs/lows

Universal Application

• Works across various assets:
  • Forex, Commodities, Bonds, Indices (e.g., DAX, FTSE, S&P 500)
• Phenomenon is not limited to Forex

Key Takeaways for London Session

• Highest Probability: Creating high/low of the day
• Understand intraday price action similarities to higher time frames
• Directional Moves: Most significant during London Open

Risks and Considerations

• Volatility: Be cautious of volatile moves and economic releases
• Stop-loss Orders: Essential to prevent large losses

Examples and Profiles

• Bullish and Bearish Profiles:
  • Bullish: Trading down to create low of the day in London Open
  • Bearish: Trading up to create high of the day in London Open
• Chicago Profile Example: Framing low/high of the day

Practical Exercises

• Study charts for patterns of high/low formations during London Open
• Focus on key times and calibrate charts correctly

Summary

• London session's significant impact on creating daily highs/lows
• Universal application in various markets
• Essential to use stop-loss orders due to high volatility and directional moves
• Encouraged to practice identifying patterns and analyzing charts for better understanding

Next Lesson Preview

• Focus on New York Open and its interaction with London session

Happy Trading!