Changes for page OTE Pattern Recognition Series - Vol 11.srt

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3	3	ICT: Welcome back folks, this is the 11th video in a series
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7	7	of 20 videos for the ICT optimal trade entry pattern
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11	11	recognition series. Alright, so here's our example for
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15	15	today. The examples shown in the dollar CAD, this is our
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19	19	five minute chart and you know the drill. pause your video,
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23	23	study it before I show you all the annotations.
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27	27	Okay, and now let's add
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31	31	our annotations. Here's our time of day. previous day's
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35	35	high, Wednesday's daily high. And you can see during the New
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39	39	York session, we have a nice run here and back down in this
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42		-00:00:54,240 ~-~-> 00:00:57,210
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43	43	is your optimal trade entry here. You can also do it from
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47	47	this low to this high here and trade back into it here. I'm
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51	51	going to run it on this swing here. Alright, so here's the
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55	55	Fibonacci and our annotations shown where you can see the
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59	59	entry at the 62% retracement level 1.3903 and two pivots and
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63	63	the stop would be below 138951. That's using a standard 15
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66		-00:01:23,310 ~-~-> 00:01:27,390
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67	67	PIP it's a little bit wider spread for this pair 20 pips
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71	71	comes in at one half a standard deviation 30 pips at one
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75	75	standard deviation 40 pips at one and a half standard
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79	79	deviations And finally, as I taught with this model, if ever
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83	83	goes to two standard deviations, you want to take your
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87	87	profits there yes, it went a little bit beyond that, but
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91	91	again, we're not trying to split hairs. We want something
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95	95	that delivers very consistent rule based we're not trying to
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99	99	be absolutely perfect with our entry not absolutely
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103	103	perfectly their exit we don't need that so 50 pips plus from
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107	107	an entry Working with 15 PIP stop loss, very very handsome
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111	111	are multiple there. Notice how we ran above Wednesday's
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115	115	daily high, we spiked through it, no more drive above it,
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119	119	trade down below it and back again and then we sank down
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123	123	below and and now look at the sensitivity in here.
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127	127	So again
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131	131	previous day's highs and lows set the stage for the easiest
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135	135	bread and butter setups you're ever going to find in the
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139	139	markets. You don't need to be paying signal services. You
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143	143	don't need to be paying people for chat rooms. You
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147	147	absolutely can do this and it's something that repeats every
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151	151	single day. Until next time, I wish good luck and good
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155	155	trading
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