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1 -Main.WebHome
1 +Forex.The-Inner-Circle-Trader1.WebHome
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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 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
55 55  
56 56  == {{id name="Intro"/}}Introduction - AUDUSD ==
57 57  
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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:]]] ======
105 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
106 106  
107 107  == {{id name="Ex02"/}}Example 2 - USDJPY ==
108 108  
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132 132  [[image:Screenshot 2020-07-07 at 02.22.17.png||queryString="width=591&height=819" height="819" width="591"]]
133 133  \\the recent low marked, right side showing the new high forming the OTE pattern.
134 134  
135 -====== ~[[[top>>doc:]]] ======
135 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
136 136  
137 137  == {{id name="Ex03"/}}Example 3 - S&P 500 E-Mini Futures (June 2020) ==
138 138  
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165 165  \\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.
166 166  
167 167  
168 -====== ~[[[top>>doc:]]] ======
168 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
169 169  
170 170  == {{id name="Ex04"/}}Example 4 - GBPUSD ==
171 171  
172 -* example
172 +* 1H chart
173 +[[image:Screenshot 2020-07-07 at 04.22.04.jpg]]
174 +
175 +* Marked up using "support and resistance" paradigm. Note that this is a retail trading mindset and it is wrong.
176 +[[image:Screenshot 2020-07-07 at 04.31.28.jpg]]
177 +\\Again.  Wrong.
178 +
179 +* ICT Markup - [Market Efficiency Paradigm] (link to definition later)
180 +[[image:Screenshot 2020-07-07 at 04.34.19.jpg]]
181 +\\It's basically the narrative of why price goes where it does and why it reacts the way it does when it gets there and where it is reaching to next.  The ICT Bearish Breaker cuts to the whole narrative immediately. 
182 +\\Why?  You want to look at price and look for areas where they run an old high because above that is going to be buy stops.  And this is buy side liquidity.  This could be in the form of buy stops for new long entries, or stops protecting existing shorts.
183 +\\The big candle to the right runs through that zone to gather the liquidity.  Also, ICT calls this candle pattern a "Judus Swing" because it's a fake move because it appears to signal a bullish move.
184 +\\When we see these sharp runs that that run previous highs/lows, it's highly suspect to ICT.  If we get back down below the lowest down candle (ICT Bearish Breaker), breaking that low (which it does in the 3-6am bull candles above), the narrative changes to Bearish.
185 +\\So what we do is go to that Breaker, draw the line out in time and then you'll be able to see the real turning point, or the real support/resistance level if you like.  Look at the 7-9am candles on the right where it touches the 1.2371 line.
186 +
187 +* This provides the narrative behind finding and OTE with this structure in place.  It can occur in a trendless market environment, and doesn't have to have a bullish or bearish trend on the daily chart, so go into the lower timeframes.
188 +
189 +* 1h chart marked up showing the previous days low as our highlighted candle is a ICT Bearish Breaker and tends to indicate that we are going for new lows and it is likely we will target the previous days low.
190 +[[image:Screenshot 2020-07-07 at 04.59.43.jpg]]
191 +\\The new ICT bearish breaker is highlighted in the pink box.
192 +
193 +* 5m with the NY Session highlighted
194 +[[image:Screenshot 2020-07-07 at 05.01.46.jpg]]
195 +\\
196 +* and here is the OTE Fib marked.
197 +[[image:Screenshot 2020-07-07 at 05.04.42.jpg]]
198 +\\stops will be above the 1.0 point
199 +\\We see the high, down to the low, and then the price returning to the OTE where we can fill our order.  Our -2 level is the 1.23 big level and the institutions reaching for the old lows and the liquidity that can be found there.
200 +
201 +* Also note, that we have not yet taken our previous days lows, so there is a second possible OTE entry.  The price starts to retrace at at 11am - which is just outside of our session window, but still acceptable.  So, place the fib and see if this retracement suggests a trade
202 +
203 +* Fib placed
204 +[[image:Screenshot 2020-07-07 at 05.17.16.jpg]]
205 +\\We see the high, low, the retracement into the 62 OTE region and we'll be targeting the previous days low with a short.  The stop would be above the high
206 +\\Our targets: 
207 +- 1.2282 - 1.2283 for our 0.5 level
208 +- 1.2265 for our 1.0 level, or we could target the 1.227 level as a more likely target rather than getting a full fib.
209 +\\We're rounding down our numbers and being content with not being too greedy so we don't make a winning trade a losing one.
210 +
211 +* Results:
212 +[[image:Screenshot 2020-07-07 at 05.25.06.jpg]]
213 +\\\\0.5 taken.  1.0 taken.
214 +
173 173  
174 -====== ~[[[top>>doc:]]] ======
216 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
175 175  
176 176  == {{id name="Ex05"/}}Example 5 ==
177 177  
178 178  * example
179 179  
180 -====== ~[[[top>>doc:]]] ======
222 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
181 181  
182 182  == {{id name="Ex06"/}}Example 6 ==
183 183  
184 184  * example
185 185  
186 -====== ~[[[top>>doc:]]] ======
228 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
187 187  
188 188  == {{id name="Ex07"/}}Example 7 ==
189 189  
190 190  * example
191 191  
192 -====== ~[[[top>>doc:]]] ======
234 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
193 193  
194 194  == {{id name="Ex08"/}}Example 8 ==
195 195  
196 196  * example
197 197  
198 -====== ~[[[top>>doc:]]] ======
240 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
199 199  
200 200  == {{id name="Ex09"/}}Example 9 ==
201 201  
202 202  * example
203 203  
204 -====== ~[[[top>>doc:]]] ======
246 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
205 205  
206 206  == {{id name="Ex10"/}}Example 10 ==
207 207  
208 208  * example
209 209  
210 -====== ~[[[top>>doc:]]] ======
252 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
211 211  
212 212  == {{id name="Ex11"/}}Example 11 ==
213 213  
214 214  * example
215 215  
216 -====== ~[[[top>>doc:]]] ======
258 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
217 217  
218 218  == {{id name="Ex12"/}}Example 12 ==
219 219  
220 220  * example
221 221  
222 -====== ~[[[top>>doc:]]] ======
264 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
223 223  
224 224  == {{id name="Ex13"/}}Example 13 ==
225 225  
226 226  * example
227 227  
228 -====== ~[[[top>>doc:]]] ======
270 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
229 229  
230 230  == {{id name="Ex14"/}}Example 14 ==
231 231  
232 232  * example
233 233  
234 -====== ~[[[top>>doc:]]] ======
276 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
235 235  
236 236  == {{id name="Ex15"/}}Example 15 ==
237 237  
238 238  * example
239 239  
240 -====== ~[[[top>>doc:]]] ======
282 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
241 241  
242 242  == {{id name="Ex16"/}}Example 16 ==
243 243  
244 244  * example
245 245  
246 -====== ~[[[top>>doc:]]] ======
288 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
247 247  
248 248  == {{id name="Ex17"/}}Example 17 ==
249 249  
250 250  * example
251 251  
252 -====== ~[[[top>>doc:]]] ======
294 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
253 253  
254 254  == {{id name="Ex18"/}}Example 18 ==
255 255  
256 256  * example
257 257  
258 -====== ~[[[top>>doc:]]] ======
300 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
259 259  
260 260  == {{id name="Ex19"/}}Example 19 ==
261 261  
262 262  * example
263 263  
264 -====== ~[[[top>>doc:]]] ======
306 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
265 265  
266 266  == {{id name="Ex20"/}}Example 20 ==
267 267  
268 268  * example
269 269  
270 -====== ~[[[top>>doc:]]] ======
312 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
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