Wiki source code of OTE Pattern Recognition Notes
Version 3.2 by Drunk Monkey on 2020-06-27 19:49
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3.1 | 1 | {{box cssClass="box floatinginfobox" title="**Quick Links**"}} |
| 2 | {{toc start="2"/}} | ||
| 3 | {{/box}} | ||
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1.2 | 5 | == Optimal Trade Entry Primer == |
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3.2 | 7 | * one of many trading patterns, one of the easiest |
| 8 | * trading plan needs to be simple: | ||
| 9 | ** what's your risk model | ||
| 10 | ** how to frame that? | ||
| 11 | ** what makes your entry | ||
| 12 | ** what gives you indicators of bullish/bearish market? | ||
| 13 | ** how do you execute the trade? | ||
| 14 | ** how do you manage the trade? | ||
| 15 | ** where do you take profits? | ||
| 16 | * what make the market predisposed to go higher or lower? | ||
| 17 | ** look at HTF (M, W, D, 4h) and look for key levels where price has moved away from in the past | ||
| 18 | ** HTF shows where the big players are most likely going to push things around. | ||
| 19 | ** LTF is too noisy to show this detail. | ||
| 20 | * Assuming bullish market, we are looking for where the market wants to trade higher. OTE is based on buying during the retracements that occur before the further push upwards. | ||
| 21 | * The impulse move has to incorporate a break in Market Structure. | ||
| 22 | * Using Fib Retracement as a visual guide, set the following levels | ||
| 23 | ** -1 - Symmetrical Price Swing | ||
| 24 | ** -0.62 - TP2 | ||
| 25 | ** -0.27 - TP1 | ||
| 26 | ** 0 - First Profit - Scaling | ||
| 27 | ** 0.5 - Equilibrium | ||
| 28 | ** 0.618 - 62% retracement | ||
| 29 | ** 0.705 - OTE 70.5% | ||
| 30 | ** 0.79 - 79% | ||
| 31 | ** 1 - 100%, or likely SL | ||
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3.1 | 33 | == Introduction == |
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1.2 | 34 | |
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3.1 | 35 | == Example 1 == |
| 36 | |||
| 37 | == Example 2 == | ||
| 38 | |||
| 39 | == Example 3 == | ||
| 40 | |||
| 41 | == Example 4 == | ||
| 42 | |||
| 43 | == Example 5 == | ||
| 44 | |||
| 45 | == Example 6 == | ||
| 46 | |||
| 47 | == Example 7 == | ||
| 48 | |||
| 49 | == Example 8 == | ||
| 50 | |||
| 51 | == Example 9 == | ||
| 52 | |||
| 53 | == Example 10 == | ||
| 54 | |||
| 55 | == Example 11 == | ||
| 56 | |||
| 57 | == Example 12 == | ||
| 58 | |||
| 59 | == Example 13 == | ||
| 60 | |||
| 61 | == Example 14 == | ||
| 62 | |||
| 63 | == Example 15 == | ||
| 64 | |||
| 65 | == Example 16 == | ||
| 66 | |||
| 67 | == Example 17 == | ||
| 68 | |||
| 69 | == Example 18 == | ||
| 70 | |||
| 71 | == Example 19 == | ||
| 72 | |||
| 73 | == Example 20 == | ||
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3.2 | 74 | |
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1.2 | 75 |