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edited by Drunk Monkey
on 2020-07-06 21:02
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edited by Drunk Monkey
on 2020-09-08 15:44
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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  
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178 178  
179 179  * ICT Markup - [Market Efficiency Paradigm] (link to definition later)
180 180  [[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.
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 +
182 182  
183 -====== ~[[[top>>doc:]]] ======
216 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
184 184  
185 185  == {{id name="Ex05"/}}Example 5 ==
186 186  
187 187  * example
188 188  
189 -====== ~[[[top>>doc:]]] ======
222 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
190 190  
191 191  == {{id name="Ex06"/}}Example 6 ==
192 192  
193 193  * example
194 194  
195 -====== ~[[[top>>doc:]]] ======
228 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
196 196  
197 197  == {{id name="Ex07"/}}Example 7 ==
198 198  
199 199  * example
200 200  
201 -====== ~[[[top>>doc:]]] ======
234 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
202 202  
203 203  == {{id name="Ex08"/}}Example 8 ==
204 204  
205 205  * example
206 206  
207 -====== ~[[[top>>doc:]]] ======
240 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
208 208  
209 209  == {{id name="Ex09"/}}Example 9 ==
210 210  
211 211  * example
212 212  
213 -====== ~[[[top>>doc:]]] ======
246 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
214 214  
215 215  == {{id name="Ex10"/}}Example 10 ==
216 216  
217 217  * example
218 218  
219 -====== ~[[[top>>doc:]]] ======
252 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
220 220  
221 221  == {{id name="Ex11"/}}Example 11 ==
222 222  
223 223  * example
224 224  
225 -====== ~[[[top>>doc:]]] ======
258 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
226 226  
227 227  == {{id name="Ex12"/}}Example 12 ==
228 228  
229 229  * example
230 230  
231 -====== ~[[[top>>doc:]]] ======
264 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
232 232  
233 233  == {{id name="Ex13"/}}Example 13 ==
234 234  
235 235  * example
236 236  
237 -====== ~[[[top>>doc:]]] ======
270 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
238 238  
239 239  == {{id name="Ex14"/}}Example 14 ==
240 240  
241 241  * example
242 242  
243 -====== ~[[[top>>doc:]]] ======
276 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
244 244  
245 245  == {{id name="Ex15"/}}Example 15 ==
246 246  
247 247  * example
248 248  
249 -====== ~[[[top>>doc:]]] ======
282 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
250 250  
251 251  == {{id name="Ex16"/}}Example 16 ==
252 252  
253 253  * example
254 254  
255 -====== ~[[[top>>doc:]]] ======
288 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
256 256  
257 257  == {{id name="Ex17"/}}Example 17 ==
258 258  
259 259  * example
260 260  
261 -====== ~[[[top>>doc:]]] ======
294 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
262 262  
263 263  == {{id name="Ex18"/}}Example 18 ==
264 264  
265 265  * example
266 266  
267 -====== ~[[[top>>doc:]]] ======
300 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
268 268  
269 269  == {{id name="Ex19"/}}Example 19 ==
270 270  
271 271  * example
272 272  
273 -====== ~[[[top>>doc:]]] ======
306 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
274 274  
275 275  == {{id name="Ex20"/}}Example 20 ==
276 276  
277 277  * example
278 278  
279 -====== ~[[[top>>doc:]]] ======
312 +====== ~[[[top>>doc:Forex.The Inner Circle Trader.OTE Pattern Recognition Notes.WebHome]]] ======
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