Changes for page OTE Pattern Recognition Notes


on 2020-07-06 17:48


on 2020-07-06 17:49
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... ... @@ -100,9 +100,22 @@ 100 100 ** where do you take partials 101 101 ** what you avoid doing to your revised stops (choking them out) 102 102 103 -== {{id name="Ex02"/}}Example 2 == 103 +== {{id name="Ex02"/}}Example 2 - USDJPY == 104 104 105 -* example 105 +* Daily Chart 106 +[[image:Screenshot 2020-07-07 at 01.38.28.png]] 107 +\\fib drawn from the swing low, to the swing high 108 + 109 +* 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 110 +[[image:Screenshot 2020-07-07 at 01.40.40.png]] 111 +\\Our high is 106.65(7) 112 + 113 +* Dropping into the 5m chart: 114 +[[image:Screenshot 2020-07-07 at 01.43.50.png]] 115 +\\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. 116 + 117 +* Fib added from the previous low at point 1, to the last recent high at point 2 118 +[[image:Screenshot 2020-07-07 at 01.47.47.png]] 106 106 107 107 == {{id name="Ex03"/}}Example 3 == 108 108