Changes for page OTE Pattern Recognition Series - Vol 09.srt
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... ... @@ -1,239 +1,25 @@ 1 -1 2 -00:00:10,920 ~-~-> 00:00:14,280 3 -ICT: Okay, folks, welcome back. This is volume number nine 1 +(% class="hover min" %) 2 +|1 |00:00:10,920 ~-~-> 00:00:20,190 |ICT: Okay, folks, welcome back. This is volume number nine and a continuing series of 20 videos for the ICT optimal trade entry pattern recognition series 3 +|2 |00:00:20,310 ~-~-> 00:00:34,230 |for YouTube. Before I get into this, just as a reminder, you can also take a look at the British pound, pound versus dollar. And you'll see that it gave us a 4 +|3 |00:00:34,350 ~-~-> 00:00:44,670 |optimal trade entry during the New York session running out the previous day's high. So it's kinda like a twofer today, but I want to use the Euro Aussie today 5 +|4 |00:00:44,670 ~-~-> 00:00:57,690 |because it's a pair I don't do too much discussion about. And I want you to take a look at the low from the 18th over here. And this is going to be a question 6 +|5 |00:00:57,690 ~-~-> 00:01:05,610 |that's going to pop up if you haven't already had it come up in the progression through this series. What happens if the next day we go through it a little bit? 7 +|6 |00:01:06,510 ~-~-> 00:01:17,370 |But does go higher? Or just because it goes below it? And then we're expecting it to go below the previous day's low? Doesn't that negate taking a New York 8 +|7 |00:01:17,370 ~-~-> 00:01:29,670 |session trade? And the question is answered with simply now. As you'll see now, take a look at this. Here's Monday's low on the Euro Ozzy. So we protect that in 9 +|8 |00:01:29,700 ~-~-> 00:01:39,750 |future this is what are referred to as a shallow run. And basically it just leaves unfinished business. Okay, the markets running later at another time, run 10 +|9 |00:01:39,750 ~-~-> 00:01:49,320 |back for that liquidity just in the same capacity does it here. We have an old high from the 18th and it runs above it very shallow, then runs down below the 11 +|10 |00:01:49,320 ~-~-> 00:01:58,530 |Monday low. Then it rallies all we back above these relative equal highs clearing that liquidity out, then only then does it come down and make a more 12 +|11 |00:01:58,530 ~-~-> 00:02:11,550 |significant run below. Monday's low and the initial daily low formed here. New York session. Based on our rules, were looking for an optimal trade entry after 13 +|12 |00:02:11,550 ~-~-> 00:02:19,560 |seeing a run above relative equal highs and a shallow run here, and it's starting to really gain momentum at this point. If we see a retracement like 14 +|13 |00:02:19,560 ~-~-> 00:02:29,100 |this, we had now a shallow run here and a shallow run here. That means that it's really primed to make it more significant run lower just later in the day. And 15 +|14 |00:02:29,100 ~-~-> 00:02:40,290 |we're going to use the New York session time of day to look for an optimal trade entry. This high to this low price retraces back to the 70.5 level just a little 16 +|15 |00:02:40,290 ~-~-> 00:02:51,180 |bit above that but keeping with the rules of this model are using the 62% retracement level. In this case it's 166 97 and five pipettes as our entry stock 17 +|16 |00:02:51,180 ~-~-> 00:03:03,000 |would have to be at this high. The trade has seven pips drawdown theoretically and expansion down takes out the short term low here and we can offer 30 pips as 18 +|17 |00:03:03,000 ~-~-> 00:03:14,340 |a partial retraces back to Monday's old daily low. And then the further expansion down again, consolidates and finally makes a run offering one half of 19 +|18 |00:03:14,340 ~-~-> 00:03:26,220 |the standard deviation of the dealing range used for the fib. So 30 pips offered 50 pips offered from this run here to here. That honestly is what I'm looking 20 +|19 |00:03:26,220 ~-~-> 00:03:36,330 |for once a week. I'm not in here trying to do a whole lot. So if I capture 50 to 75 pips a week, I'm pretty much done. So hopefully his examples been insightful 21 +|20 |00:03:36,360 ~-~-> 00:03:46,860 |in regards to do we consider taking the previous day's low or previous day's high in New York session if it's already done so even in a small capacity? know 22 +|21 |00:03:46,950 ~-~-> 00:03:55,740 |the answer is you want to stick with where the liquid is gonna be reaching relative to the previous day's high or low. And if it's not really clear, just 23 +|22 |00:03:55,740 ~-~-> 00:04:05,220 |simply stay out. And that way you can live the 500 a day without taking a needless risk or focus on another pair. Until next time, wish good luck and good 24 +|23 |00:04:05,220 ~-~-> 00:04:05,610 |trading. 4 4 5 -2 6 -00:00:14,310 ~-~-> 00:00:17,910 7 -in a continuing series of 20 videos for the ICT optimal 8 - 9 -3 10 -00:00:17,910 ~-~-> 00:00:22,620 11 -trade entry pattern recognition series for YouTube. Before I 12 - 13 -4 14 -00:00:22,620 ~-~-> 00:00:26,910 15 -get into this, just as a reminder, you can also take a look 16 - 17 -5 18 -00:00:26,910 ~-~-> 00:00:32,460 19 -at the British pound, pound versus dollar. And you'll see 20 - 21 -6 22 -00:00:32,460 ~-~-> 00:00:35,730 23 -that it gave us a optimal trade entry during the New York 24 - 25 -7 26 -00:00:35,730 ~-~-> 00:00:40,950 27 -session running out to previous day's high. So it's kinda 28 - 29 -8 30 -00:00:40,950 ~-~-> 00:00:44,670 31 -like a twofer today, but I want to use the Euro Aussie today 32 - 33 -9 34 -00:00:44,670 ~-~-> 00:00:47,940 35 -because it's a pair I don't do too much discussion about and 36 - 37 -10 38 -00:00:47,940 ~-~-> 00:00:54,000 39 -I want you to take a look at the low from the 18th over 40 - 41 -11 42 -00:00:54,000 ~-~-> 00:00:58,320 43 -here. And this is going to be a question it's going to pop 44 - 45 -12 46 -00:00:58,320 ~-~-> 00:01:00,750 47 -up if you haven't already had it. Come up. In the 48 - 49 -13 50 -00:01:00,780 ~-~-> 00:01:04,140 51 -progression through this series, what happens if the next 52 - 53 -14 54 -00:01:04,140 ~-~-> 00:01:09,450 55 -day we go through it a little bit, but does go higher? Or 56 - 57 -15 58 -00:01:09,750 ~-~-> 00:01:12,420 59 -just because it goes below it, and we're expecting it to go 60 - 61 -16 62 -00:01:12,420 ~-~-> 00:01:17,010 63 -below the previous day's low? Doesn't that negate taking a 64 - 65 -17 66 -00:01:17,010 ~-~-> 00:01:20,040 67 -New York session trade? And the question is answered with 68 - 69 -18 70 -00:01:20,040 ~-~-> 00:01:25,470 71 -simply now, as you'll see now, take a look at this. Here's 72 - 73 -19 74 -00:01:25,470 ~-~-> 00:01:29,670 75 -Monday's low on the Euro Aussie. So we project that in 76 - 77 -20 78 -00:01:29,700 ~-~-> 00:01:33,150 79 -future this is what I refer to as a shallow run. And 80 - 81 -21 82 -00:01:33,180 ~-~-> 00:01:36,540 83 -basically it This leaves unfinished business. Okay, the 84 - 85 -22 86 -00:01:36,540 ~-~-> 00:01:40,260 87 -markets warning later at another time, run back to that 88 - 89 -23 90 -00:01:40,260 ~-~-> 00:01:44,190 91 -liquidity just in the same capacity does it here. We have an 92 - 93 -24 94 -00:01:44,220 ~-~-> 00:01:47,550 95 -old high from the 18th and it runs above it very shallow, 96 - 97 -25 98 -00:01:47,970 ~-~-> 00:01:51,750 99 -then runs down below the Monday low, then it rallies all the 100 - 101 -26 102 -00:01:51,750 ~-~-> 00:01:54,660 103 -way back above these relatively equal highs, clearing that 104 - 105 -27 106 -00:01:54,660 ~-~-> 00:01:57,930 107 -liquidity out. Then and only then does it come down to make 108 - 109 -28 110 -00:01:57,930 ~-~-> 00:02:01,980 111 -a more significant run below. Monday's low and the initial 112 - 113 -29 114 -00:02:01,980 ~-~-> 00:02:07,560 115 -daily low formed here in New York session, based on our 116 - 117 -30 118 -00:02:07,560 ~-~-> 00:02:11,940 119 -rules, we're looking for an optimal trade entry after seeing 120 - 121 -31 122 -00:02:11,940 ~-~-> 00:02:15,270 123 -a run above relative equal highs and a shallow run here, and 124 - 125 -32 126 -00:02:15,270 ~-~-> 00:02:18,600 127 -it's starting to really gain momentum at this point, if we 128 - 129 -33 130 -00:02:18,600 ~-~-> 00:02:21,780 131 -see a retracement like this, we had now a shallow run here, 132 - 133 -34 134 -00:02:22,080 ~-~-> 00:02:25,710 135 -and a shallow run here. That means that it's really primed 136 - 137 -35 138 -00:02:25,770 ~-~-> 00:02:28,980 139 -to make it more significant run lower just later in the day, 140 - 141 -36 142 -00:02:28,980 ~-~-> 00:02:32,880 143 -and we're going to use the New York session time of day to 144 - 145 -37 146 -00:02:32,880 ~-~-> 00:02:37,830 147 -look for an optimal trade entry. This high to this low price 148 - 149 -38 150 -00:02:37,830 ~-~-> 00:02:40,800 151 -retraces back to the 70.5 level just a little bit above 152 - 153 -39 154 -00:02:40,800 ~-~-> 00:02:44,370 155 -that. But keeping with the rules of this model, we're using 156 - 157 -40 158 -00:02:44,370 ~-~-> 00:02:49,830 159 -the 62% retracement level. In this case it's 166 97 and five 160 - 161 -41 162 -00:02:49,830 ~-~-> 00:02:53,940 163 -pips as our entry stock would have to be at this high. The 164 - 165 -42 166 -00:02:53,940 ~-~-> 00:02:58,260 167 -trade has seven pips drawdown theoretically and expansion 168 - 169 -43 170 -00:02:58,260 ~-~-> 00:03:02,610 171 -down takes out the short term low. He And we can offer 30 172 - 173 -44 174 -00:03:02,610 ~-~-> 00:03:07,620 175 -pips as a partial retraces back to Monday's old daily low. 176 - 177 -45 178 -00:03:08,160 ~-~-> 00:03:11,250 179 -And then the further expansion down again, consolidates and 180 - 181 -46 182 -00:03:11,250 ~-~-> 00:03:14,760 183 -finally makes a run, offering one half of the standard 184 - 185 -47 186 -00:03:14,760 ~-~-> 00:03:19,320 187 -deviation of the dealing range used for the fib. So 30 pips 188 - 189 -48 190 -00:03:19,350 ~-~-> 00:03:24,930 191 -offered 50 pips offered from this run here to here. That 192 - 193 -49 194 -00:03:24,960 ~-~-> 00:03:27,600 195 -honestly is what I'm looking for once a week. I'm not in 196 - 197 -50 198 -00:03:27,600 ~-~-> 00:03:31,140 199 -here trying to do a whole lot. So if I capture 50 to 75 pips 200 - 201 -51 202 -00:03:31,140 ~-~-> 00:03:35,640 203 -a week, I'm pretty much done. So hopefully his examples been 204 - 205 -52 206 -00:03:35,640 ~-~-> 00:03:40,200 207 -insightful in regards to do we consider taking the previous 208 - 209 -53 210 -00:03:40,200 ~-~-> 00:03:43,110 211 -day's low or previous day's high in New York session if it's 212 - 213 -54 214 -00:03:43,110 ~-~-> 00:03:48,450 215 -already done so even in a small capacity? Now, the answer is 216 - 217 -55 218 -00:03:48,510 ~-~-> 00:03:50,850 219 -you want to stick with where the liquidity is going to be 220 - 221 -56 222 -00:03:50,850 ~-~-> 00:03:54,090 223 -reaching relative to the previous day's high or low. And if 224 - 225 -57 226 -00:03:54,090 ~-~-> 00:03:57,510 227 -it's not really clear, just simply stay out. And that way 228 - 229 -58 230 -00:03:57,510 ~-~-> 00:04:01,380 231 -you can leave the fight another day without Needless risk, 232 - 233 -59 234 -00:04:01,740 ~-~-> 00:04:04,830 235 -or focus on another pair. Until next time, wish good luck 236 - 237 -60 238 -00:04:04,860 ~-~-> 00:04:05,610 239 -and good trading.