Changes for page OTE Pattern Recognition Notes
Last modified by Drunk Monkey on 2023-01-14 05:38
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7.2 
7.2
edited by Drunk Monkey
on 2020-06-28 19:25
on 2020-06-28 19:25
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To version 12.1
12.1
edited by Drunk Monkey
on 2020-06-28 19:47
on 2020-06-28 19:47
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... ... @@ -2,7 +2,7 @@ 2 2 {{toc start="2"/}} 3 3 {{/box}} 4 4 5 -== Optimal Trade Entry Primer == 5 +== {{id name="Primer"/}}Optimal Trade Entry Primer == 6 6 7 7 * one of many trading patterns, one of the easiest 8 8 * trading plan needs to be simple: ... ... @@ -43,51 +43,94 @@ 43 43 * Note the following: 44 44 ** institutional levels 45 45 ** old monthly high at 1.1720 (1.17137 rounded) 46 -** price runs down until it hits the 20 level (1.1720), rallies and creates a new short term high (old - middle red line, new STH, top red line. 46 +** price runs down until it hits the 20 level (1.1720), rallies and creates a new short term high (old - middle red line, new STH, top red line. It's also called a "market structure break" 47 47 ** the new STH makes for a more likely trade opportunity. (market maker model) and opens up the chance for an OTE. 48 -** 48 +** also, a high, with two lower highs on either side makes that high more significant. when this high is broken, it's a more convincing move than breaking the other shorter term highs, thus giving us the opportunity to find a likely OTE. 49 +** at the fib, we see price rockets away from a STL 49 49 * when old highs/lows are broken, trades will tend to reach back to those old positions (retail calls it "support") 50 50 51 -== Introduction == 52 +== {{id name="Intro"/}}Introduction == 52 52 53 -== Example 1 == 54 +* how to annotate the charts to look for specific price patterns 55 +* 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 56 +* 54 54 55 -== Example 2==58 +== {{id name="Ex01"/}}Example 1 == 56 56 57 - ==Example3 ==60 +* example 58 58 59 -== Example 4==62 +== {{id name="Ex02"/}}Example 2 == 60 60 61 - ==Example5 ==64 +* example 62 62 63 -== Example 6==66 +== {{id name="Ex03"/}}Example 3 == 64 64 65 - ==Example7 ==68 +* example 66 66 67 -== Example 8==70 +== {{id name="Ex04"/}}Example 4 == 68 68 69 - ==Example9 ==72 +* example 70 70 71 -== Example 10==74 +== {{id name="Ex05"/}}Example 5 == 72 72 73 - ==Example11 ==76 +* example 74 74 75 -== Example 12==78 +== {{id name="Ex06"/}}Example 6 == 76 76 77 - ==Example13 ==80 +* example 78 78 79 -== Example 14==82 +== {{id name="Ex07"/}}Example 7 == 80 80 81 - ==Example15 ==84 +* example 82 82 83 -== Example 16==86 +== {{id name="Ex08"/}}Example 8 == 84 84 85 - ==Example17 ==88 +* example 86 86 87 -== Example 18==90 +== {{id name="Ex09"/}}Example 9 == 88 88 89 - ==Example19 ==92 +* example 90 90 91 -== Example 20 ==94 +== {{id name="Ex10"/}}Example 10 == 92 92 93 - 96 +* example 97 + 98 +== {{id name="Ex11"/}}Example 11 == 99 + 100 +* example 101 + 102 +== {{id name="Ex12"/}}Example 12 == 103 + 104 +* example 105 + 106 +== {{id name="Ex13"/}}Example 13 == 107 + 108 +* example 109 + 110 +== {{id name="Ex14"/}}Example 14 == 111 + 112 +* example 113 + 114 +== {{id name="Ex15"/}}Example 15 == 115 + 116 +* example 117 + 118 +== {{id name="Ex16"/}}Example 16 == 119 + 120 +* example 121 + 122 +== {{id name="Ex17"/}}Example 17 == 123 + 124 +* example 125 + 126 +== {{id name="Ex18"/}}Example 18 == 127 + 128 +* example 129 + 130 +== {{id name="Ex19"/}}Example 19 == 131 + 132 +* example 133 + 134 +== {{id name="Ex20"/}}Example 20 == 135 + 136 +* example