Changes for page OTE Pattern Recognition Notes
Last modified by Drunk Monkey on 2023-01-14 05:38
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3.2
edited by Drunk Monkey
on 2020-06-27 19:49
on 2020-06-27 19:49
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To version 1.2
1.2
edited by Drunk Monkey
on 2020-06-27 18:50
on 2020-06-27 18:50
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... ... @@ -1,75 +5,4 @@ 1 -{{box cssClass="box floatinginfobox" title="**Quick Links**"}} 2 -{{toc start="2"/}} 3 -{{/box}} 4 - 5 5 == Optimal Trade Entry Primer == 6 6 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 32 33 -== Introduction == 34 - 35 -== Example 1 == 36 - 37 -== Example 2 == 38 - 39 -== Example 3 == 40 - 41 -== Example 4 == 42 - 43 -== Example 5 == 44 - 45 -== Example 6 == 46 - 47 -== Example 7 == 48 - 49 -== Example 8 == 50 - 51 -== Example 9 == 52 - 53 -== Example 10 == 54 - 55 -== Example 11 == 56 - 57 -== Example 12 == 58 - 59 -== Example 13 == 60 - 61 -== Example 14 == 62 - 63 -== Example 15 == 64 - 65 -== Example 16 == 66 - 67 -== Example 17 == 68 - 69 -== Example 18 == 70 - 71 -== Example 19 == 72 - 73 -== Example 20 == 74 - 75 75