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edited by Drunk Monkey
on 2020-07-06 17:48
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edited by Drunk Monkey
on 2020-07-06 20:13
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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 ==
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51 51  
52 52  * when old highs/lows are broken, trades will tend to reach back to those old positions (retail calls it "support")
53 53  
54 -== {{id name="Intro"/}}Introduction ==
54 +====== ~[[[top>>doc:]]] ======
55 55  
56 +== {{id name="Intro"/}}Introduction - AUDUSD ==
57 +
56 56  * how to annotate the charts to look for specific price patterns
57 57  * 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
58 58  * the pattern should appear every day, but not necessarily on the same pairs
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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 ==
105 +====== ~[[[top>>doc:]]] ======
104 104  
105 -* example
107 +== {{id name="Ex02"/}}Example 2 - USDJPY ==
106 106  
107 -== {{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.
108 108  
109 -* example
135 +====== ~[[[top>>doc:]]] ======
110 110  
111 -== {{id name="Ex04"/}}Example 4 ==
137 +== {{id name="Ex03"/}}Example 3 - S&P 500 E-Mini Futures (June 2020) ==
112 112  
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 +
113 113  * example
114 114  
174 +====== ~[[[top>>doc:]]] ======
175 +
115 115  == {{id name="Ex05"/}}Example 5 ==
116 116  
117 117  * example
118 118  
180 +====== ~[[[top>>doc:]]] ======
181 +
119 119  == {{id name="Ex06"/}}Example 6 ==
120 120  
121 121  * example
122 122  
186 +====== ~[[[top>>doc:]]] ======
187 +
123 123  == {{id name="Ex07"/}}Example 7 ==
124 124  
125 125  * example
126 126  
192 +====== ~[[[top>>doc:]]] ======
193 +
127 127  == {{id name="Ex08"/}}Example 8 ==
128 128  
129 129  * example
130 130  
198 +====== ~[[[top>>doc:]]] ======
199 +
131 131  == {{id name="Ex09"/}}Example 9 ==
132 132  
133 133  * example
134 134  
204 +====== ~[[[top>>doc:]]] ======
205 +
135 135  == {{id name="Ex10"/}}Example 10 ==
136 136  
137 137  * example
138 138  
210 +====== ~[[[top>>doc:]]] ======
211 +
139 139  == {{id name="Ex11"/}}Example 11 ==
140 140  
141 141  * example
142 142  
216 +====== ~[[[top>>doc:]]] ======
217 +
143 143  == {{id name="Ex12"/}}Example 12 ==
144 144  
145 145  * example
146 146  
222 +====== ~[[[top>>doc:]]] ======
223 +
147 147  == {{id name="Ex13"/}}Example 13 ==
148 148  
149 149  * example
150 150  
228 +====== ~[[[top>>doc:]]] ======
229 +
151 151  == {{id name="Ex14"/}}Example 14 ==
152 152  
153 153  * example
154 154  
234 +====== ~[[[top>>doc:]]] ======
235 +
155 155  == {{id name="Ex15"/}}Example 15 ==
156 156  
157 157  * example
158 158  
240 +====== ~[[[top>>doc:]]] ======
241 +
159 159  == {{id name="Ex16"/}}Example 16 ==
160 160  
161 161  * example
162 162  
246 +====== ~[[[top>>doc:]]] ======
247 +
163 163  == {{id name="Ex17"/}}Example 17 ==
164 164  
165 165  * example
166 166  
252 +====== ~[[[top>>doc:]]] ======
253 +
167 167  == {{id name="Ex18"/}}Example 18 ==
168 168  
169 169  * example
170 170  
258 +====== ~[[[top>>doc:]]] ======
259 +
171 171  == {{id name="Ex19"/}}Example 19 ==
172 172  
173 173  * example
174 174  
264 +====== ~[[[top>>doc:]]] ======
265 +
175 175  == {{id name="Ex20"/}}Example 20 ==
176 176  
177 177  * example
269 +
270 +====== ~[[[top>>doc:]]] ======
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