Skip to Content
Last modified by Drunk Monkey on 2023-01-14 05:38
From version 44.2
edited by Drunk Monkey
on 2020-07-06 19:40
Change comment: There is no comment for this version
To version 16.1
edited by Drunk Monkey
on 2020-06-28 20:51
Change comment: Uploaded new attachment "Screenshot 2020-06-29 at 04.50.28.png", version {1}

Summary

Details

Page properties
Content
... ... @@ -1,5 +1,5 @@
1 1  {{box cssClass="box floatinginfobox" title="**Quick Links**"}}
2 -{{toc start="2" depth="5" numbered="true"/}}
2 +{{toc start="2"/}}
3 3  {{/box}}
4 4  
5 5  == {{id name="Primer"/}}Optimal Trade Entry Primer ==
... ... @@ -40,7 +40,6 @@
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)
... ... @@ -48,223 +48,90 @@
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 -====== ~[[[top>>doc:]]] ======
52 +== {{id name="Intro"/}}Introduction ==
55 55  
56 -== {{id name="Intro"/}}Introduction - AUDUSD ==
57 -
58 58  * how to annotate the charts to look for specific price patterns
59 59  * 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
60 -* the pattern should appear every day, but not necessarily on the same pairs
61 -* daily chart - audusd, 20-apr-2020 contains two down candles, showing orderblock
62 -[[image:Screenshot 2020-06-29 at 04.21.46.png]]
63 -
64 -* the two equal lows in May are sensitive to prices in that order block
65 -[[image:Screenshot 2020-06-29 at 04.23.52.png]]
66 -
67 -* we are primarily looking for reactions to the previous days range. (last visible green candle in the picture above)
68 -* can we determine whether the price is going to be able to break the previous days high or low?
69 -[[image:Screenshot 2020-06-29 at 04.50.28.png]]
70 -We can see that the recent lows pushed slightly into the order block, but returned indicating that prices doesn't currently want to run lower.
71 -
72 -* AUDUSD 5M example[[image:Screenshot 2020-06-29 at 04.58.02.png]]
73 -Mark out the previous days high and low.
74 -\\The black line (6450) represents the closest institutional or key level near the previous days high.  The blue lines above and below are a 10 pip spread.
75 -
76 -* The OTE pattern occurs during the 8:30 to 11:00am NY session.  That's when the major news and reports tends to come out. 
77 -[[image:Screenshot 2020-06-29 at 05.02.49.png||queryString="width=385&height=579" height="579" width="385"]]
78 -The green box represents the 62 to 79% Fib retracement levels in the OTE pattern
79 -
80 -* The Fib box is drawn from the low to high when the previous days high has been broken.
81 -* Trade
82 -** lot size that allows taking the partials (0.04, take a bit off each time? 
83 -** SL will be set below the 100 level.
84 -** Profit taking
85 -*** take at 1st scaling at -0.5 or 15 pips or more
86 -*** take next at -1.0 or 15 pips or more (or slightly before - round down to the nearest 10 level)
87 -*** take a scaling at 100 pips regardless of where you are
88 -*** take next at -1.5
89 -*** take next at -2.0
90 -*** once price moves beyond the 1st scaling, move the SL up (just beyond BE)
91 -*** 2nd scaling - move SL above SL.
92 -*** other scalings - watch the trades, then set SL beyond BE, not to close so there is room for the trade to run.
93 -*** get out by the last scaling
94 -* Fib settings for Trading View:
95 -[[image:Screenshot 2020-06-29 at 05.10.27.png||queryString="width=363&height=533" height="533" width="363"]]
96 -We could also at -1.5 level
97 -
98 -* key things learned
99 -** when to move a stop
100 -** what entry price to look for
101 -** where stop loss should be
102 -** where do you take partials
103 -** what you avoid doing to your revised stops (choking them out)
56 +*
104 104  
105 -====== ~[[[top>>doc:]]] ======
58 +== {{id name="Ex01"/}}Example 1 ==
106 106  
107 -== {{id name="Ex02"/}}Example 2 - USDJPY ==
60 +* example
108 108  
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.
62 +== {{id name="Ex02"/}}Example 2 ==
134 134  
135 -====== ~[[[top>>doc:]]] ======
64 +* example
136 136  
137 -== {{id name="Ex03"/}}Example 3 - S&P 500 E-Mini Futures (June 2020) ==
66 +== {{id name="Ex03"/}}Example 3 ==
138 138  
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 -
68 +* example
167 167  
168 -====== ~[[[top>>doc:]]] ======
169 -
170 170  == {{id name="Ex04"/}}Example 4 ==
171 171  
172 172  * example
173 173  
174 -====== ~[[[top>>doc:]]] ======
175 -
176 176  == {{id name="Ex05"/}}Example 5 ==
177 177  
178 178  * example
179 179  
180 -====== ~[[[top>>doc:]]] ======
181 -
182 182  == {{id name="Ex06"/}}Example 6 ==
183 183  
184 184  * example
185 185  
186 -====== ~[[[top>>doc:]]] ======
187 -
188 188  == {{id name="Ex07"/}}Example 7 ==
189 189  
190 190  * example
191 191  
192 -====== ~[[[top>>doc:]]] ======
193 -
194 194  == {{id name="Ex08"/}}Example 8 ==
195 195  
196 196  * example
197 197  
198 -====== ~[[[top>>doc:]]] ======
199 -
200 200  == {{id name="Ex09"/}}Example 9 ==
201 201  
202 202  * example
203 203  
204 -====== ~[[[top>>doc:]]] ======
205 -
206 206  == {{id name="Ex10"/}}Example 10 ==
207 207  
208 208  * example
209 209  
210 -====== ~[[[top>>doc:]]] ======
211 -
212 212  == {{id name="Ex11"/}}Example 11 ==
213 213  
214 214  * example
215 215  
216 -====== ~[[[top>>doc:]]] ======
217 -
218 218  == {{id name="Ex12"/}}Example 12 ==
219 219  
220 220  * example
221 221  
222 -====== ~[[[top>>doc:]]] ======
223 -
224 224  == {{id name="Ex13"/}}Example 13 ==
225 225  
226 226  * example
227 227  
228 -====== ~[[[top>>doc:]]] ======
229 -
230 230  == {{id name="Ex14"/}}Example 14 ==
231 231  
232 232  * example
233 233  
234 -====== ~[[[top>>doc:]]] ======
235 -
236 236  == {{id name="Ex15"/}}Example 15 ==
237 237  
238 238  * example
239 239  
240 -====== ~[[[top>>doc:]]] ======
241 -
242 242  == {{id name="Ex16"/}}Example 16 ==
243 243  
244 244  * example
245 245  
246 -====== ~[[[top>>doc:]]] ======
247 -
248 248  == {{id name="Ex17"/}}Example 17 ==
249 249  
250 250  * example
251 251  
252 -====== ~[[[top>>doc:]]] ======
253 -
254 254  == {{id name="Ex18"/}}Example 18 ==
255 255  
256 256  * example
257 257  
258 -====== ~[[[top>>doc:]]] ======
259 -
260 260  == {{id name="Ex19"/}}Example 19 ==
261 261  
262 262  * example
263 263  
264 -====== ~[[[top>>doc:]]] ======
265 -
266 266  == {{id name="Ex20"/}}Example 20 ==
267 267  
268 268  * example
269 -
270 -====== ~[[[top>>doc:]]] ======
Screenshot 2020-06-29 at 04.58.02.png
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.pdwalker
Size
... ... @@ -1,1 +1,0 @@
1 -608.3 KB
Content
Screenshot 2020-06-29 at 05.02.49.png
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.pdwalker
Size
... ... @@ -1,1 +1,0 @@
1 -690.5 KB
Content
Screenshot 2020-06-29 at 05.10.27.png
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.pdwalker
Size
... ... @@ -1,1 +1,0 @@
1 -703.5 KB
Content
Screenshot 2020-07-07 at 01.38.28.png
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.pdwalker
Size
... ... @@ -1,1 +1,0 @@
1 -619.3 KB
Content
Screenshot 2020-07-07 at 01.40.40.png
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.pdwalker
Size
... ... @@ -1,1 +1,0 @@
1 -132.6 KB
Content
Screenshot 2020-07-07 at 01.43.50.png
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.pdwalker
Size
... ... @@ -1,1 +1,0 @@
1 -1.9 MB
Content
Screenshot 2020-07-07 at 01.47.47.png
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.pdwalker
Size
... ... @@ -1,1 +1,0 @@
1 -2.5 MB
Content
Screenshot 2020-07-07 at 02.10.10.png
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.pdwalker
Size
... ... @@ -1,1 +1,0 @@
1 -478.3 KB
Content
Screenshot 2020-07-07 at 02.14.22.png
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.pdwalker
Size
... ... @@ -1,1 +1,0 @@
1 -482.2 KB
Content
Screenshot 2020-07-07 at 02.19.10.png
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.pdwalker
Size
... ... @@ -1,1 +1,0 @@
1 -498.6 KB
Content
Screenshot 2020-07-07 at 02.22.17.png
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.pdwalker
Size
... ... @@ -1,1 +1,0 @@
1 -846.8 KB
Content
Screenshot 2020-07-07 at 02.43.11.jpg
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.pdwalker
Size
... ... @@ -1,1 +1,0 @@
1 -243.4 KB
Content
Screenshot 2020-07-07 at 02.46.32.jpg
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.pdwalker
Size
... ... @@ -1,1 +1,0 @@
1 -106.2 KB
Content
Screenshot 2020-07-07 at 02.53.30.jpg
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.pdwalker
Size
... ... @@ -1,1 +1,0 @@
1 -45.9 KB
Content
Screenshot 2020-07-07 at 03.24.45.jpg
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.pdwalker
Size
... ... @@ -1,1 +1,0 @@
1 -274.3 KB
Content
Screenshot 2020-07-07 at 03.28.25.jpg
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.pdwalker
Size
... ... @@ -1,1 +1,0 @@
1 -278.1 KB
Content
Screenshot 2020-07-07 at 03.31.40.jpg
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.pdwalker
Size
... ... @@ -1,1 +1,0 @@
1 -47.0 KB
Content
Screenshot 2020-07-07 at 03.34.05.jpg
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.pdwalker
Size
... ... @@ -1,1 +1,0 @@
1 -175.2 KB
Content
Screenshot 2020-07-07 at 03.36.45.jpg
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.pdwalker
Size
... ... @@ -1,1 +1,0 @@
1 -139.7 KB
Content