Changes for page OTE Pattern Recognition Notes
Last modified by Drunk Monkey on 2023-01-14 05:38
From version 
12.1 
12.1
edited by Drunk Monkey
on 2020-06-28 19:47
on 2020-06-28 19:47
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To version 7.2
7.2
edited by Drunk Monkey
on 2020-06-28 19:25
on 2020-06-28 19:25
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... ... @@ -2,7 +2,7 @@ 2 2 {{toc start="2"/}} 3 3 {{/box}} 4 4 5 -== {{id name="Primer"/}}Optimal Trade Entry Primer ==5 +== Optimal Trade Entry Primer == 6 6 7 7 * one of many trading patterns, one of the easiest 8 8 * trading plan needs to be simple: ... ... @@ -43,94 +43,51 @@ 43 43 * Note the following: 44 44 ** institutional levels 45 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"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. 47 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 48 +** 50 50 * when old highs/lows are broken, trades will tend to reach back to those old positions (retail calls it "support") 51 51 52 -== {{id name="Intro"/}}Introduction ==51 +== Introduction == 53 53 54 -* how to annotate the charts to look for specific price patterns 55 -* study for the patterns for a month, and it'll start to become more easily recognizable as you train your brain to recognize it, then see if you can see it live 56 -* 53 +== Example 1 == 57 57 58 -== {{id name="Ex01"/}}Example1==55 +== Example 2 == 59 59 60 - *example57 +== Example 3 == 61 61 62 -== {{id name="Ex02"/}}Example2==59 +== Example 4 == 63 63 64 - *example61 +== Example 5 == 65 65 66 -== {{id name="Ex03"/}}Example3==63 +== Example 6 == 67 67 68 - *example65 +== Example 7 == 69 69 70 -== {{id name="Ex04"/}}Example4==67 +== Example 8 == 71 71 72 - *example69 +== Example 9 == 73 73 74 -== {{id name="Ex05"/}}Example5==71 +== Example 10 == 75 75 76 - *example73 +== Example 11 == 77 77 78 -== {{id name="Ex06"/}}Example6==75 +== Example 12 == 79 79 80 - *example77 +== Example 13 == 81 81 82 -== {{id name="Ex07"/}}Example7==79 +== Example 14 == 83 83 84 - *example81 +== Example 15 == 85 85 86 -== {{id name="Ex08"/}}Example8==83 +== Example 16 == 87 87 88 - *example85 +== Example 17 == 89 89 90 -== {{id name="Ex09"/}}Example9==87 +== Example 18 == 91 91 92 - *example89 +== Example 19 == 93 93 94 -== {{id name="Ex10"/}}Example10 ==91 +== Example 20 == 95 95 96 -* example 97 - 98 -== {{id name="Ex11"/}}Example 11 == 99 - 100 -* example 101 - 102 -== {{id name="Ex12"/}}Example 12 == 103 - 104 -* example 105 - 106 -== {{id name="Ex13"/}}Example 13 == 107 - 108 -* example 109 - 110 -== {{id name="Ex14"/}}Example 14 == 111 - 112 -* example 113 - 114 -== {{id name="Ex15"/}}Example 15 == 115 - 116 -* example 117 - 118 -== {{id name="Ex16"/}}Example 16 == 119 - 120 -* example 121 - 122 -== {{id name="Ex17"/}}Example 17 == 123 - 124 -* example 125 - 126 -== {{id name="Ex18"/}}Example 18 == 127 - 128 -* example 129 - 130 -== {{id name="Ex19"/}}Example 19 == 131 - 132 -* example 133 - 134 -== {{id name="Ex20"/}}Example 20 == 135 - 136 -* example 93 +