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Last modified by Drunk Monkey on 2023-01-14 05:38
From version 10.1
edited by Drunk Monkey
on 2020-06-28 19:38
Change comment: There is no comment for this version
To version 7.1
edited by Drunk Monkey
on 2020-06-28 19:14
Change comment: Uploaded new attachment "Screenshot 2020-06-29 at 03.14.02.png", version {1}

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14 14  ** how do you manage the trade?
15 15  ** where do you take profits?
16 16  * what make the market predisposed to go higher or lower?
17 -** look at HTF (M, W, D, 4h) and look for key levels where price has moved away from in the past
17 +** ​​​​​​​look at HTF (M, W, D, 4h) and look for key levels where price has moved away from in the past
18 18  ** HTF shows where the big players are most likely going to push things around.
19 19  ** LTF is too noisy to show this detail.
20 20  * Assuming bullish market, we are looking for where the market wants to trade higher.  OTE is based on buying during the retracements that occur before the further push upwards.
... ... @@ -33,102 +33,47 @@
33 33  * First Scaling, or slightly before, represents the place to take initial profits.  It should be a decent return, preferable better than 1:2 risk/reward, but slightly less than 2 (1.5? 1x75?) is also acceptable.
34 34  * Setups on 1h charts better than 5m charts because the pip movements will be larger.
35 35  * Key levels xxx.00, xxx.20, xxx.50, xxx.80, yyy.00
36 -* Place the fibs on the body of the candles
37 -* Market structure - example given:
38 -- monthly view
39 -[[image:Screenshot 2020-06-29 at 03.11.56.png]]
40 -\\- daily view
41 -[[image:Screenshot 2020-06-29 at 03.14.02.png]]
42 -\\- 15m view[[image:Screenshot 2020-06-29 at 03.06.46.png]]
43 -* Note the following:
44 -** institutional levels
45 -** old monthly high at 1.1720 (1.17137 rounded)
46 -** price runs down until it hits the 20 level (1.1720), rallies and creates a new short term high (old - middle red line, new STH, top red line. It's also called a "market structure break"
47 -** the new STH makes for a more likely trade opportunity. (market maker model) and opens up the chance for an OTE.
48 -** also, a high, with two lower highs on either side makes that high more significant.  when this high is broken, it's a more convincing move than breaking the other shorter term highs, thus giving us the opportunity to find a likely OTE.
49 -** at the fib, we see price rockets away from a STL
50 -* when old highs/lows are broken, trades will tend to reach back to those old positions (retail calls it "support")
51 51  
52 52  == Introduction ==
53 53  
54 -* sdfg
55 -
56 56  == Example 1 ==
57 57  
58 -* example
59 -
60 60  == Example 2 ==
61 61  
62 -* example
63 -
64 64  == Example 3 ==
65 65  
66 -* example
67 -
68 68  == Example 4 ==
69 69  
70 -* example
71 -
72 72  == Example 5 ==
73 73  
74 -* example
75 -
76 76  == Example 6 ==
77 77  
78 -* example
79 -
80 80  == Example 7 ==
81 81  
82 -* example
83 -
84 84  == Example 8 ==
85 85  
86 -* example
87 -
88 88  == Example 9 ==
89 89  
90 -* example
91 -
92 92  == Example 10 ==
93 93  
94 -* example
95 -
96 96  == Example 11 ==
97 97  
98 -* example
99 -
100 100  == Example 12 ==
101 101  
102 -* example
103 -
104 104  == Example 13 ==
105 105  
106 -* example
107 -
108 108  == Example 14 ==
109 109  
110 -* example
111 -
112 112  == Example 15 ==
113 113  
114 -* example
115 -
116 116  == Example 16 ==
117 117  
118 -* example
119 -
120 120  == Example 17 ==
121 121  
122 -* example
123 -
124 124  == Example 18 ==
125 125  
126 -* example
127 -
128 128  == Example 19 ==
129 129  
130 -* example
131 -
132 132  == Example 20 ==
133 133  
134 -* example
79 +