OTE Pattern Recognition Series - Vol 11.srt

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ICT: Welcome back folks, this is the 11th video in a series

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of 20 videos for the ICT optimal trade entry pattern

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recognition series. Alright, so here's our example for

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today. The examples shown in the dollar CAD, this is our

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five minute chart and you know the drill. pause your video,

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study it before I show you all the annotations.

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Okay, and now let's add

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our annotations. Here's our time of day. previous day's

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high, Wednesday's daily high. And you can see during the New

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York session, we have a nice run here and back down in this

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is your optimal trade entry here. You can also do it from

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this low to this high here and trade back into it here. I'm

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going to run it on this swing here. Alright, so here's the

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Fibonacci and our annotations shown where you can see the

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entry at the 62% retracement level 1.3903 and two pivots and

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the stop would be below 138951. That's using a standard 15

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PIP it's a little bit wider spread for this pair 20 pips

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comes in at one half a standard deviation 30 pips at one

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standard deviation 40 pips at one and a half standard

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deviations And finally, as I taught with this model, if ever

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goes to two standard deviations, you want to take your

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profits there yes, it went a little bit beyond that, but

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again, we're not trying to split hairs. We want something

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that delivers very consistent rule based we're not trying to

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be absolutely perfect with our entry not absolutely

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perfectly their exit we don't need that so 50 pips plus from

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an entry Working with 15 PIP stop loss, very very handsome

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are multiple there. Notice how we ran above Wednesday's

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daily high, we spiked through it, no more drive above it,

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trade down below it and back again and then we sank down

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below and and now look at the sensitivity in here.

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So again

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previous day's highs and lows set the stage for the easiest

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bread and butter setups you're ever going to find in the

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markets. You don't need to be paying signal services. You

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don't need to be paying people for chat rooms. You

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absolutely can do this and it's something that repeats every

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single day. Until next time, I wish good luck and good

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trading