ICT Youtube 2020-08 Notes
2020-08-07 - What Journals I Use and An Example Entry
2020-08-10 - ICT Forex OTE Example - EurUsd
Daily Chart - Day of interest marked
Short term was bearish on that day with what looks like heading into a period of consolidation.
Questions
- can we confirm via Dxy or EurGbp cross as to what is likely to happen?
15m chart - OTE sell entry
Observations:
- Previous Friday's low will act as a bearish draw towards price
- The equal highs will act as a short term bullish draw towards price
- OTE setup using the London opening high and the London Intraday Session Low. OTE Sell entry at the 0.62 fib. Targetting the London session low
Entry Stop TP drawdown time 1.1778 1.1801 (21 pips) 1.1740 (38 pips) 12 pips < 6 hours
5m chart - OTE buy entry
Within the NY OTE session are two OTE Buy entries that are counter to the daily trend. Second one is marked on the above chart
Entry | Stop | TP1 | TP2 | TP3 | drawdown | time |
---|---|---|---|---|---|---|
1.17608 | 1.17568 (4 pips) 1.17516 (9 pips) | 1.17757 (15 pips) | 1.17883 (27 pips) | - | 1 pips | < 2 hours |
1.17624 | 1.17568 (5 pips) 1.17516 (9 pips) | 1.17757 (15 pips) | 1.17867 (24 pips) | - | 5 pips | < 1 hour |