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Last modified by Drunk Monkey on 2023-01-14 05:38
From version 47.2
edited by Drunk Monkey
on 2020-07-06 20:39
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To version 26.1
edited by Drunk Monkey
on 2020-07-06 17:44
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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 -
113 +* example
167 167  
168 -====== ~[[[top>>doc:]]] ======
169 -
170 -== {{id name="Ex04"/}}Example 4 - GBPUSD ==
171 -
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 prices goes where it does and why it reacts the way it does when it reaches there and what it is going to do next.
182 -
183 -====== ~[[[top>>doc:]]] ======
184 -
185 185  == {{id name="Ex05"/}}Example 5 ==
186 186  
187 187  * example
188 188  
189 -====== ~[[[top>>doc:]]] ======
190 -
191 191  == {{id name="Ex06"/}}Example 6 ==
192 192  
193 193  * example
194 194  
195 -====== ~[[[top>>doc:]]] ======
196 -
197 197  == {{id name="Ex07"/}}Example 7 ==
198 198  
199 199  * example
200 200  
201 -====== ~[[[top>>doc:]]] ======
202 -
203 203  == {{id name="Ex08"/}}Example 8 ==
204 204  
205 205  * example
206 206  
207 -====== ~[[[top>>doc:]]] ======
208 -
209 209  == {{id name="Ex09"/}}Example 9 ==
210 210  
211 211  * example
212 212  
213 -====== ~[[[top>>doc:]]] ======
214 -
215 215  == {{id name="Ex10"/}}Example 10 ==
216 216  
217 217  * example
218 218  
219 -====== ~[[[top>>doc:]]] ======
220 -
221 221  == {{id name="Ex11"/}}Example 11 ==
222 222  
223 223  * example
224 224  
225 -====== ~[[[top>>doc:]]] ======
226 -
227 227  == {{id name="Ex12"/}}Example 12 ==
228 228  
229 229  * example
230 230  
231 -====== ~[[[top>>doc:]]] ======
232 -
233 233  == {{id name="Ex13"/}}Example 13 ==
234 234  
235 235  * example
236 236  
237 -====== ~[[[top>>doc:]]] ======
238 -
239 239  == {{id name="Ex14"/}}Example 14 ==
240 240  
241 241  * example
242 242  
243 -====== ~[[[top>>doc:]]] ======
244 -
245 245  == {{id name="Ex15"/}}Example 15 ==
246 246  
247 247  * example
248 248  
249 -====== ~[[[top>>doc:]]] ======
250 -
251 251  == {{id name="Ex16"/}}Example 16 ==
252 252  
253 253  * example
254 254  
255 -====== ~[[[top>>doc:]]] ======
256 -
257 257  == {{id name="Ex17"/}}Example 17 ==
258 258  
259 259  * example
260 260  
261 -====== ~[[[top>>doc:]]] ======
262 -
263 263  == {{id name="Ex18"/}}Example 18 ==
264 264  
265 265  * example
266 266  
267 -====== ~[[[top>>doc:]]] ======
268 -
269 269  == {{id name="Ex19"/}}Example 19 ==
270 270  
271 271  * example
272 272  
273 -====== ~[[[top>>doc:]]] ======
274 -
275 275  == {{id name="Ex20"/}}Example 20 ==
276 276  
277 277  * example
278 -
279 -====== ~[[[top>>doc:]]] ======
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