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Last modified by Drunk Monkey on 2023-01-14 05:38
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edited by Drunk Monkey
on 2020-07-06 20:13
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To version 25.1
edited by Drunk Monkey
on 2020-07-06 17:41
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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 ==
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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 -====== ~[[[top>>doc:]]] ======
54 +== {{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 60  * the pattern should appear every day, but not necessarily on the same pairs
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102 102  ** where do you take partials
103 103  ** what you avoid doing to your revised stops (choking them out)
104 104  
105 -====== ~[[[top>>doc:]]] ======
103 +== {{id name="Ex02"/}}Example 2 ==
106 106  
107 -== {{id name="Ex02"/}}Example 2 - USDJPY ==
105 +* 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.
107 +== {{id name="Ex03"/}}Example 3 ==
134 134  
135 -====== ~[[[top>>doc:]]] ======
109 +* example
136 136  
137 -== {{id name="Ex03"/}}Example 3 - S&P 500 E-Mini Futures (June 2020) ==
111 +== {{id name="Ex04"/}}Example 4 ==
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 -
167 -
168 -====== ~[[[top>>doc:]]] ======
169 -
170 -== {{id name="Ex04"/}}Example 4 - GBPUSD ==
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:]]] ======
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