Skip to Content
Last modified by Drunk Monkey on 2023-01-14 05:38
From version 3.1
edited by Drunk Monkey
on 2020-06-27 19:03
Change comment: There is no comment for this version
To version 18.1
edited by Drunk Monkey
on 2020-06-28 21:03
Change comment: Uploaded new attachment "Screenshot 2020-06-29 at 05.02.49.png", version {1}

Summary

Details

Page properties
Content
... ... @@ -2,47 +2,135 @@
2 2  {{toc start="2"/}}
3 3  {{/box}}
4 4  
5 -== Optimal Trade Entry Primer ==
5 +== {{id name="Primer"/}}Optimal Trade Entry Primer ==
6 6  
7 -== Introduction ==
7 +* one of many trading patterns, one of the easiest
8 +* trading plan needs to be simple:
9 +** what's your risk model
10 +** how to frame that?
11 +** what makes your entry
12 +** what gives you indicators of bullish/bearish market?
13 +** how do you execute the trade?
14 +** how do you manage the trade?
15 +** where do you take profits?
16 +* what make the market predisposed to go higher or lower?
17 +** look at HTF (M, W, D, 4h) and look for key levels where price has moved away from in the past
18 +** HTF shows where the big players are most likely going to push things around.
19 +** LTF is too noisy to show this detail.
20 +* Assuming bullish market, we are looking for where the market wants to trade higher.  OTE is based on buying during the retracements that occur before the further push upwards.
21 +* The impulse move has to incorporate a break in Market Structure.
22 +* Using Fib Retracement as a visual guide, set the following levels
23 +** -1 - Symmetrical Price Swing
24 +** -0.62 - TP2
25 +** -0.27 - TP1
26 +** 0 - First Profit - Scaling
27 +** 0.5 - Equilibrium
28 +** 0.618 - 62% retracement
29 +** 0.705 - OTE 70.5%
30 +** 0.79 - 79%
31 +** 1 - 100%, or likely SL
32 +* OTE (70.5%) is an ideal target.  getting deeper is better, but you run the risk of not filling your order.  62% retracement is also acceptable, but it results in smaller profits because our SL range will be larger, necessitating smaller order sizes to maintain our risk profile.
33 +* First Scaling, or slightly before, represents the place to take initial profits.  It should be a decent return, preferable better than 1:2 risk/reward, but slightly less than 2 (1.5? 1x75?) is also acceptable.
34 +* Setups on 1h charts better than 5m charts because the pip movements will be larger.
35 +* Key levels xxx.00, xxx.20, xxx.50, xxx.80, yyy.00
36 +* Place the fibs on the body of the candles
37 +* Market structure - example given:
38 +- monthly view
39 +[[image:Screenshot 2020-06-29 at 03.11.56.png]]
40 +\\- daily view
41 +[[image:Screenshot 2020-06-29 at 03.14.02.png]]
42 +\\- 15m view[[image:Screenshot 2020-06-29 at 03.06.46.png]]
43 +* Note the following:
44 +** institutional levels
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"
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
50 +* when old highs/lows are broken, trades will tend to reach back to those old positions (retail calls it "support")
8 8  
9 -== Example 1 ==
52 +== {{id name="Intro"/}}Introduction ==
10 10  
11 -== Example 2 ==
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 +*
12 12  
13 -== Example 3 ==
58 +== {{id name="Ex01"/}}Example 1 ==
14 14  
15 -== Example 4 ==
60 +* example
16 16  
17 -== Example 5 ==
62 +== {{id name="Ex02"/}}Example 2 ==
18 18  
19 -== Example 6 ==
64 +* example
20 20  
21 -== Example 7 ==
66 +== {{id name="Ex03"/}}Example 3 ==
22 22  
23 -== Example 8 ==
68 +* example
24 24  
25 -== Example 9 ==
70 +== {{id name="Ex04"/}}Example 4 ==
26 26  
27 -== Example 10 ==
72 +* example
28 28  
29 -== Example 11 ==
74 +== {{id name="Ex05"/}}Example 5 ==
30 30  
31 -== Example 12 ==
76 +* example
32 32  
33 -== Example 13 ==
78 +== {{id name="Ex06"/}}Example 6 ==
34 34  
35 -== Example 14 ==
80 +* example
36 36  
37 -== Example 15 ==
82 +== {{id name="Ex07"/}}Example 7 ==
38 38  
39 -== Example 16 ==
84 +* example
40 40  
41 -== Example 17 ==
86 +== {{id name="Ex08"/}}Example 8 ==
42 42  
43 -== Example 18 ==
88 +* example
44 44  
45 -== Example 19 ==
90 +== {{id name="Ex09"/}}Example 9 ==
46 46  
47 -== Example 20 ==
48 -
92 +* example
93 +
94 +== {{id name="Ex10"/}}Example 10 ==
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
Screenshot 2020-06-29 at 03.06.46.png
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +1.5 MB
Content
Screenshot 2020-06-29 at 03.11.56.png
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +210.4 KB
Content
Screenshot 2020-06-29 at 03.14.02.png
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +499.0 KB
Content
Screenshot 2020-06-29 at 04.21.46.png
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +426.6 KB
Content
Screenshot 2020-06-29 at 04.23.52.png
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +140.4 KB
Content
Screenshot 2020-06-29 at 04.50.28.png
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +259.6 KB
Content
Screenshot 2020-06-29 at 04.58.02.png
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +608.3 KB
Content
Screenshot 2020-06-29 at 05.02.49.png
Author
... ... @@ -1,0 +1,1 @@
1 +XWiki.pdwalker
Size
... ... @@ -1,0 +1,1 @@
1 +690.5 KB
Content