Skip to Content
Last modified by Drunk Monkey on 2023-01-14 05:38
From version 21.1
edited by Drunk Monkey
on 2020-06-29 19:21
Change comment: There is no comment for this version
To version 44.3
edited by Drunk Monkey
on 2020-07-06 20:13
Change comment: There is no comment for this version

Summary

Details

Page properties
Content
... ... @@ -1,5 +1,5 @@
1 1  {{box cssClass="box floatinginfobox" title="**Quick Links**"}}
2 -{{toc start="2"/}}
2 +{{toc start="2" depth="5" numbered="true"/}}
3 3  {{/box}}
4 4  
5 5  == {{id name="Primer"/}}Optimal Trade Entry Primer ==
... ... @@ -40,6 +40,7 @@
40 40  \\- daily view
41 41  [[image:Screenshot 2020-06-29 at 03.14.02.png]]
42 42  \\- 15m view[[image:Screenshot 2020-06-29 at 03.06.46.png]]
43 +
43 43  * Note the following:
44 44  ** institutional levels
45 45  ** old monthly high at 1.1720 (1.17137 rounded)
... ... @@ -47,10 +47,13 @@
47 47  ** the new STH makes for a more likely trade opportunity. (market maker model) and opens up the chance for an OTE.
48 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 49  ** at the fib, we see price rockets away from a STL
51 +
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 ==
54 +====== ~[[[top>>doc:]]] ======
53 53  
56 +== {{id name="Intro"/}}Introduction - AUDUSD ==
57 +
54 54  * how to annotate the charts to look for specific price patterns
55 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 56  * the pattern should appear every day, but not necessarily on the same pairs
... ... @@ -80,6 +80,7 @@
80 80  ** Profit taking
81 81  *** take at 1st scaling at -0.5 or 15 pips or more
82 82  *** take next at -1.0 or 15 pips or more (or slightly before - round down to the nearest 10 level)
87 +*** take a scaling at 100 pips regardless of where you are
83 83  *** take next at -1.5
84 84  *** take next at -2.0
85 85  *** once price moves beyond the 1st scaling, move the SL up (just beyond BE)
... ... @@ -90,80 +90,176 @@
90 90  [[image:Screenshot 2020-06-29 at 05.10.27.png||queryString="width=363&height=533" height="533" width="363"]]
91 91  We could also at -1.5 level
92 92  
93 -*
98 +* key things learned
99 +** when to move a stop
100 +** what entry price to look for
101 +** where stop loss should be
102 +** where do you take partials
103 +** what you avoid doing to your revised stops (choking them out)
94 94  
95 -== {{id name="Ex02"/}}Example 2 ==
105 +====== ~[[[top>>doc:]]] ======
96 96  
97 -* example
107 +== {{id name="Ex02"/}}Example 2 - USDJPY ==
98 98  
99 -== {{id name="Ex03"/}}Example 3 ==
109 +* Daily Chart
110 +[[image:Screenshot 2020-07-07 at 01.38.28.png]]
111 +\\fib drawn from the swing low, to the swing high
112 +
113 +* previous days high (2nd last candle) broke the high from the day before that.  This means we could potentially see a turn, or an expansion to the upside
114 +[[image:Screenshot 2020-07-07 at 01.40.40.png]]
115 +\\Our high is 106.65(7)
116 +
117 +* Dropping into the 5m chart:
118 +[[image:Screenshot 2020-07-07 at 01.43.50.png]]
119 +\\Where do you think the OTE is going to be?  Look before scrolling further.  Remember the magic hours of 08:30 - 11:00 NY time. 
120 +
121 +* Fib added from the previous low at point 1, to the last recent high at point 2
122 +[[image:Screenshot 2020-07-07 at 01.47.47.png]]
123 +
124 +* Trading View chart, 15m
125 +[[image:Screenshot 2020-07-07 at 02.10.10.png]]
126 +
127 +* On the above chart is a second OTE occurring just after the OTE period opening
128 +[[image:Screenshot 2020-07-07 at 02.19.10.png]]
129 +\\From the swing low, to the new high breaking the previous high.  The OTE opportunity crosses the weekend.  
130 +
131 +* 5m chart view
132 +[[image:Screenshot 2020-07-07 at 02.22.17.png||queryString="width=591&height=819" height="819" width="591"]]
133 +\\the recent low marked, right side showing the new high forming the OTE pattern.
100 100  
101 -* example
135 +====== ~[[[top>>doc:]]] ======
102 102  
103 -== {{id name="Ex04"/}}Example 4 ==
137 +== {{id name="Ex03"/}}Example 3 - S&P 500 E-Mini Futures (June 2020) ==
104 104  
139 +* Daily Chart
140 +[[image:Screenshot 2020-07-07 at 02.43.11.jpg]]
141 +
142 +* currently inside of an OTE 
143 +[[image:Screenshot 2020-07-07 at 02.46.32.jpg||height="696" width="687"]]
144 +\\The fib provides a framework - old low, old high, retracement back to the 79 level.  On the daily chart, the momentum is likely to go higher.  It could be reaching for the old high, it could break through, or it could fail.  It doesn't matter.
145 +\\What we do care is that it is likely to run the previous day's high.
146 +
147 +* Previous day's high marked
148 +[[image:Screenshot 2020-07-07 at 02.53.30.jpg||height="167" width="848"]]
149 +
150 +* 5m chart
151 +[[image:Screenshot 2020-07-07 at 03.24.45.jpg]]
152 +
153 +* Marked up
154 +[[image:Screenshot 2020-07-07 at 03.28.25.jpg]]
155 +\\The "big figure" is 2900.  Price has traded down into that during the NY session.  Whenever a big figure is swept, either down into, or up into, it generally creates a tradeable bounce or retracement, even if it is very short lived. 
156 +
157 +* Focus on the NY session time to find the OTE
158 +[[image:Screenshot 2020-07-07 at 03.31.40.jpg||height="417" width="313"]]
159 +
160 +* OTE marked
161 +[[image:Screenshot 2020-07-07 at 03.34.05.jpg||height="850" width="775"]]
162 +
163 +* and here is how it played out
164 +[[image:Screenshot 2020-07-07 at 03.36.45.jpg]]
165 +\\In this example, the market tends to want to gravitate towards the old high because the market is bullish, and will catch out the market short sellers.
166 +
167 +
168 +====== ~[[[top>>doc:]]] ======
169 +
170 +== {{id name="Ex04"/}}Example 4 - GBPUSD ==
171 +
105 105  * example
106 106  
174 +====== ~[[[top>>doc:]]] ======
175 +
107 107  == {{id name="Ex05"/}}Example 5 ==
108 108  
109 109  * example
110 110  
180 +====== ~[[[top>>doc:]]] ======
181 +
111 111  == {{id name="Ex06"/}}Example 6 ==
112 112  
113 113  * example
114 114  
186 +====== ~[[[top>>doc:]]] ======
187 +
115 115  == {{id name="Ex07"/}}Example 7 ==
116 116  
117 117  * example
118 118  
192 +====== ~[[[top>>doc:]]] ======
193 +
119 119  == {{id name="Ex08"/}}Example 8 ==
120 120  
121 121  * example
122 122  
198 +====== ~[[[top>>doc:]]] ======
199 +
123 123  == {{id name="Ex09"/}}Example 9 ==
124 124  
125 125  * example
126 126  
204 +====== ~[[[top>>doc:]]] ======
205 +
127 127  == {{id name="Ex10"/}}Example 10 ==
128 128  
129 129  * example
130 130  
210 +====== ~[[[top>>doc:]]] ======
211 +
131 131  == {{id name="Ex11"/}}Example 11 ==
132 132  
133 133  * example
134 134  
216 +====== ~[[[top>>doc:]]] ======
217 +
135 135  == {{id name="Ex12"/}}Example 12 ==
136 136  
137 137  * example
138 138  
222 +====== ~[[[top>>doc:]]] ======
223 +
139 139  == {{id name="Ex13"/}}Example 13 ==
140 140  
141 141  * example
142 142  
228 +====== ~[[[top>>doc:]]] ======
229 +
143 143  == {{id name="Ex14"/}}Example 14 ==
144 144  
145 145  * example
146 146  
234 +====== ~[[[top>>doc:]]] ======
235 +
147 147  == {{id name="Ex15"/}}Example 15 ==
148 148  
149 149  * example
150 150  
240 +====== ~[[[top>>doc:]]] ======
241 +
151 151  == {{id name="Ex16"/}}Example 16 ==
152 152  
153 153  * example
154 154  
246 +====== ~[[[top>>doc:]]] ======
247 +
155 155  == {{id name="Ex17"/}}Example 17 ==
156 156  
157 157  * example
158 158  
252 +====== ~[[[top>>doc:]]] ======
253 +
159 159  == {{id name="Ex18"/}}Example 18 ==
160 160  
161 161  * example
162 162  
258 +====== ~[[[top>>doc:]]] ======
259 +
163 163  == {{id name="Ex19"/}}Example 19 ==
164 164  
165 165  * example
166 166  
264 +====== ~[[[top>>doc:]]] ======
265 +
167 167  == {{id name="Ex20"/}}Example 20 ==
168 168  
169 169  * example
269 +
270 +====== ~[[[top>>doc:]]] ======
Screenshot 2020-07-07 at 01.38.28.png
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +619.3 KB
Content
Screenshot 2020-07-07 at 01.40.40.png
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +132.6 KB
Content
Screenshot 2020-07-07 at 01.43.50.png
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +1.9 MB
Content
Screenshot 2020-07-07 at 01.47.47.png
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +2.5 MB
Content
Screenshot 2020-07-07 at 02.10.10.png
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +478.3 KB
Content
Screenshot 2020-07-07 at 02.14.22.png
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +482.2 KB
Content
Screenshot 2020-07-07 at 02.19.10.png
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +498.6 KB
Content
Screenshot 2020-07-07 at 02.22.17.png
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +846.8 KB
Content
Screenshot 2020-07-07 at 02.43.11.jpg
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +243.4 KB
Content
Screenshot 2020-07-07 at 02.46.32.jpg
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +106.2 KB
Content
Screenshot 2020-07-07 at 02.53.30.jpg
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +45.9 KB
Content
Screenshot 2020-07-07 at 03.24.45.jpg
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +274.3 KB
Content
Screenshot 2020-07-07 at 03.28.25.jpg
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +278.1 KB
Content
Screenshot 2020-07-07 at 03.31.40.jpg
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +47.0 KB
Content
Screenshot 2020-07-07 at 03.34.05.jpg
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +175.2 KB
Content
Screenshot 2020-07-07 at 03.36.45.jpg
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +139.7 KB
Content