Changes for page OTE Pattern Recognition Notes


on 2020-09-08 15:45


on 2020-07-06 20:39
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... ... @@ -51,7 +51,7 @@ 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: Forex.The-Inner-Circle-Trader1.OTE Pattern Recognition Notes.WebHome]]] ======54 +====== ~[[[top>>doc:]]] ====== 55 55 56 56 == {{id name="Intro"/}}Introduction - AUDUSD == 57 57 ... ... @@ -102,7 +102,7 @@ 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: Forex.The-Inner-Circle-Trader1.OTE Pattern Recognition Notes.WebHome]]] ======105 +====== ~[[[top>>doc:]]] ====== 106 106 107 107 == {{id name="Ex02"/}}Example 2 - USDJPY == 108 108 ... ... @@ -132,7 +132,7 @@ 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: Forex.The-Inner-Circle-Trader1.OTE Pattern Recognition Notes.WebHome]]] ======135 +====== ~[[[top>>doc:]]] ====== 136 136 137 137 == {{id name="Ex03"/}}Example 3 - S&P 500 E-Mini Futures (June 2020) == 138 138 ... ... @@ -165,7 +165,7 @@ 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: Forex.The-Inner-Circle-Trader1.OTE Pattern Recognition Notes.WebHome]]] ======168 +====== ~[[[top>>doc:]]] ====== 169 169 170 170 == {{id name="Ex04"/}}Example 4 - GBPUSD == 171 171 ... ... @@ -178,135 +178,102 @@ 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 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 - 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. 215 215 216 -====== ~[[[top>>doc: Forex.The-Inner-Circle-Trader1.OTE Pattern Recognition Notes.WebHome]]] ======183 +====== ~[[[top>>doc:]]] ====== 217 217 218 218 == {{id name="Ex05"/}}Example 5 == 219 219 220 220 * example 221 221 222 -====== ~[[[top>>doc: Forex.The-Inner-Circle-Trader1.OTE Pattern Recognition Notes.WebHome]]] ======189 +====== ~[[[top>>doc:]]] ====== 223 223 224 224 == {{id name="Ex06"/}}Example 6 == 225 225 226 226 * example 227 227 228 -====== ~[[[top>>doc: Forex.The-Inner-Circle-Trader1.OTE Pattern Recognition Notes.WebHome]]] ======195 +====== ~[[[top>>doc:]]] ====== 229 229 230 230 == {{id name="Ex07"/}}Example 7 == 231 231 232 232 * example 233 233 234 -====== ~[[[top>>doc: Forex.The-Inner-Circle-Trader1.OTE Pattern Recognition Notes.WebHome]]] ======201 +====== ~[[[top>>doc:]]] ====== 235 235 236 236 == {{id name="Ex08"/}}Example 8 == 237 237 238 238 * example 239 239 240 -====== ~[[[top>>doc: Forex.The-Inner-Circle-Trader1.OTE Pattern Recognition Notes.WebHome]]] ======207 +====== ~[[[top>>doc:]]] ====== 241 241 242 242 == {{id name="Ex09"/}}Example 9 == 243 243 244 244 * example 245 245 246 -====== ~[[[top>>doc: Forex.The-Inner-Circle-Trader1.OTE Pattern Recognition Notes.WebHome]]] ======213 +====== ~[[[top>>doc:]]] ====== 247 247 248 248 == {{id name="Ex10"/}}Example 10 == 249 249 250 250 * example 251 251 252 -====== ~[[[top>>doc: Forex.The-Inner-Circle-Trader1.OTE Pattern Recognition Notes.WebHome]]] ======219 +====== ~[[[top>>doc:]]] ====== 253 253 254 254 == {{id name="Ex11"/}}Example 11 == 255 255 256 256 * example 257 257 258 -====== ~[[[top>>doc: Forex.The-Inner-Circle-Trader1.OTE Pattern Recognition Notes.WebHome]]] ======225 +====== ~[[[top>>doc:]]] ====== 259 259 260 260 == {{id name="Ex12"/}}Example 12 == 261 261 262 262 * example 263 263 264 -====== ~[[[top>>doc: Forex.The-Inner-Circle-Trader1.OTE Pattern Recognition Notes.WebHome]]] ======231 +====== ~[[[top>>doc:]]] ====== 265 265 266 266 == {{id name="Ex13"/}}Example 13 == 267 267 268 268 * example 269 269 270 -====== ~[[[top>>doc: Forex.The-Inner-Circle-Trader1.OTE Pattern Recognition Notes.WebHome]]] ======237 +====== ~[[[top>>doc:]]] ====== 271 271 272 272 == {{id name="Ex14"/}}Example 14 == 273 273 274 274 * example 275 275 276 -====== ~[[[top>>doc: Forex.The-Inner-Circle-Trader1.OTE Pattern Recognition Notes.WebHome]]] ======243 +====== ~[[[top>>doc:]]] ====== 277 277 278 278 == {{id name="Ex15"/}}Example 15 == 279 279 280 280 * example 281 281 282 -====== ~[[[top>>doc: Forex.The-Inner-Circle-Trader1.OTE Pattern Recognition Notes.WebHome]]] ======249 +====== ~[[[top>>doc:]]] ====== 283 283 284 284 == {{id name="Ex16"/}}Example 16 == 285 285 286 286 * example 287 287 288 -====== ~[[[top>>doc: Forex.The-Inner-Circle-Trader1.OTE Pattern Recognition Notes.WebHome]]] ======255 +====== ~[[[top>>doc:]]] ====== 289 289 290 290 == {{id name="Ex17"/}}Example 17 == 291 291 292 292 * example 293 293 294 -====== ~[[[top>>doc: Forex.The-Inner-Circle-Trader1.OTE Pattern Recognition Notes.WebHome]]] ======261 +====== ~[[[top>>doc:]]] ====== 295 295 296 296 == {{id name="Ex18"/}}Example 18 == 297 297 298 298 * example 299 299 300 -====== ~[[[top>>doc: Forex.The-Inner-Circle-Trader1.OTE Pattern Recognition Notes.WebHome]]] ======267 +====== ~[[[top>>doc:]]] ====== 301 301 302 302 == {{id name="Ex19"/}}Example 19 == 303 303 304 304 * example 305 305 306 -====== ~[[[top>>doc: Forex.The-Inner-Circle-Trader1.OTE Pattern Recognition Notes.WebHome]]] ======273 +====== ~[[[top>>doc:]]] ====== 307 307 308 308 == {{id name="Ex20"/}}Example 20 == 309 309 310 310 * example 311 311 312 -====== ~[[[top>>doc: Forex.The-Inner-Circle-Trader1.OTE Pattern Recognition Notes.WebHome]]] ======279 +====== ~[[[top>>doc:]]] ======
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