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Last modified by Drunk Monkey on 2023-01-14 05:38
From version 28.1
edited by Drunk Monkey
on 2020-07-06 17:49
Change comment: There is no comment for this version
To version 21.2
edited by Drunk Monkey
on 2020-06-29 20:17
Change comment: There is no comment for this version

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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 -
44 44  * Note the following:
45 45  ** institutional levels
46 46  ** old monthly high at 1.1720 (1.17137 rounded)
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48 48  ** the new STH makes for a more likely trade opportunity. (market maker model) and opens up the chance for an OTE.
49 49  ** 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.
50 50  ** at the fib, we see price rockets away from a STL
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 54  == {{id name="Intro"/}}Introduction ==
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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 - USDJPY ==
101 +== {{id name="Ex02"/}}Example 2 ==
104 104  
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]]
103 +* example
119 119  
120 120  == {{id name="Ex03"/}}Example 3 ==
121 121  
Screenshot 2020-07-07 at 01.38.28.png
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