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Open High Low Close (OHLC / OLHC) - ICT Concepts

By TTrades

5 min video·en··198492 views

This is an AI-generated summary of “Open High Low Close (OHLC / OLHC) - ICT Concepts” — a 5 min YouTube video by TTrades, published April 7, 2023. It condenses the full transcript into 9 key takeaways with clickable timestamps.

Summary

This video explains how to identify trading opportunities by analyzing the formation of Open High Low Close (OHLC) and Open Low High Close (OLHC) candle patterns in relation to a 'draw on liquidity' and concepts like accumulation, manipulation, and distribution.

Key Points

  • Traders can look for buying opportunities near the open of an OLHC candle, expecting upward expansion. 
  • An Open Low High Close (OLHC) pattern, often seen in bullish candles, involves price moving below the open to form a low before moving higher to form a high and then closing. 
  • An Open High Low Close (OHLC) pattern, often seen in bearish candles, involves price moving above the open to form a high before moving lower to form a low and then closing. 
  • Traders can look for selling opportunities between the high and the open of an OHLC candle, expecting downward expansion. 
  • The expectation of a bullish or bearish candle formation depends on the trader's 'draw on liquidity,' which is where price is anticipated to move. 
  • On a daily chart, expecting a bearish week might involve seeing an OHLC formation, while expecting a bullish week might involve an OLHC formation. 
  • Candlesticks have four key price points: Open, High, Low, and Close. 
  • The video demonstrates identifying an OHLC pattern on a 15-minute chart using the midnight opening price as the daily open, looking for selling opportunities around that price. 
  • The concept of accumulation, manipulation, and distribution can be applied to OHLC patterns, where consolidation around the open is accumulation, moving above the open is manipulation, and the subsequent sell-off forms the low and close. 
Open High Low Close (OHLC / OLHC) - ICT Concepts

Open High Low Close (OHLC / OLHC) - ICT Concepts

This video explains how to identify trading opportunities by analyzing the formation of Open High Low Close (OHLC) and Open Low High Close (OLHC) candle patterns in relation to a 'draw on liquidity' and concepts like accumulation, manipulation, and distribution.

Key Points

—Traders can look for buying opportunities near the open of an OLHC candle, expecting upward expansion.
—An Open Low High Close (OLHC) pattern, often seen in bullish candles, involves price moving below the open to form a low before moving higher to form a high and then closing.
—An Open High Low Close (OHLC) pattern, often seen in bearish candles, involves price moving above the open to form a high before moving lower to form a low and then closing.
—Traders can look for selling opportunities between the high and the open of an OHLC candle, expecting downward expansion.
—The expectation of a bullish or bearish candle formation depends on the trader's 'draw on liquidity,' which is where price is anticipated to move.
—On a daily chart, expecting a bearish week might involve seeing an OHLC formation, while expecting a bullish week might involve an OLHC formation.
—Candlesticks have four key price points: Open, High, Low, and Close.
—The video demonstrates identifying an OHLC pattern on a 15-minute chart using the midnight opening price as the daily open, looking for selling opportunities around that price.
—The concept of accumulation, manipulation, and distribution can be applied to OHLC patterns, where consolidation around the open is accumulation, moving above the open is manipulation, and the subsequent sell-off forms the low and close.
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