Wiki source code of OTE Pattern Recognition Series - Vol 11.srt
Version 2.1 by Drunk Monkey on 2020-11-20 17:17
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2.1 | 1 | 1 |
| 2 | 00:00:10,740 ~-~-> 00:00:13,500 | ||
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1.1 | 3 | ICT: Welcome back folks, this is the 11th video in a series |
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| 5 | 2 | ||
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2.1 | 6 | 00:00:13,500 ~-~-> 00:00:16,530 |
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1.1 | 7 | of 20 videos for the ICT optimal trade entry pattern |
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| 9 | 3 | ||
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2.1 | 10 | 00:00:16,530 ~-~-> 00:00:19,710 |
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1.1 | 11 | recognition series. Alright, so here's our example for |
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2.1 | 14 | 00:00:19,710 ~-~-> 00:00:24,330 |
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1.1 | 15 | today. The examples shown in the dollar CAD, this is our |
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2.1 | 18 | 00:00:24,330 ~-~-> 00:00:28,800 |
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1.1 | 19 | five minute chart and you know the drill. pause your video, |
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2.1 | 22 | 00:00:28,830 ~-~-> 00:00:31,800 |
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1.1 | 23 | study it before I show you all the annotations. |
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2.1 | 26 | 00:00:35,850 ~-~-> 00:00:37,950 |
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1.1 | 27 | Okay, and now let's add |
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2.1 | 30 | 00:00:40,110 ~-~-> 00:00:43,830 |
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1.1 | 31 | our annotations. Here's our time of day. previous day's |
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| 33 | 9 | ||
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2.1 | 34 | 00:00:43,830 ~-~-> 00:00:48,570 |
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1.1 | 35 | high, Wednesday's daily high. And you can see during the New |
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| 37 | 10 | ||
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2.1 | 38 | 00:00:48,570 ~-~-> 00:00:54,240 |
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1.1 | 39 | York session, we have a nice run here and back down in this |
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2.1 | 42 | 00:00:54,240 ~-~-> 00:00:57,210 |
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1.1 | 43 | is your optimal trade entry here. You can also do it from |
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| 45 | 12 | ||
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2.1 | 46 | 00:00:57,210 ~-~-> 00:01:01,920 |
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1.1 | 47 | this low to this high here and trade back into it here. I'm |
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| 49 | 13 | ||
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2.1 | 50 | 00:01:01,920 ~-~-> 00:01:06,120 |
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1.1 | 51 | going to run it on this swing here. Alright, so here's the |
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| 53 | 14 | ||
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2.1 | 54 | 00:01:06,270 ~-~-> 00:01:10,470 |
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1.1 | 55 | Fibonacci and our annotations shown where you can see the |
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| 57 | 15 | ||
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2.1 | 58 | 00:01:10,470 ~-~-> 00:01:18,210 |
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1.1 | 59 | entry at the 62% retracement level 1.3903 and two pivots and |
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2.1 | 62 | 00:01:18,210 ~-~-> 00:01:23,310 |
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1.1 | 63 | the stop would be below 138951. That's using a standard 15 |
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2.1 | 66 | 00:01:23,310 ~-~-> 00:01:27,390 |
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1.1 | 67 | PIP it's a little bit wider spread for this pair 20 pips |
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2.1 | 70 | 00:01:27,390 ~-~-> 00:01:30,810 |
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1.1 | 71 | comes in at one half a standard deviation 30 pips at one |
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2.1 | 74 | 00:01:30,810 ~-~-> 00:01:35,040 |
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1.1 | 75 | standard deviation 40 pips at one and a half standard |
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2.1 | 78 | 00:01:35,040 ~-~-> 00:01:38,700 |
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1.1 | 79 | deviations And finally, as I taught with this model, if ever |
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2.1 | 82 | 00:01:38,700 ~-~-> 00:01:41,280 |
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1.1 | 83 | goes to two standard deviations, you want to take your |
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2.1 | 86 | 00:01:41,280 ~-~-> 00:01:43,710 |
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1.1 | 87 | profits there yes, it went a little bit beyond that, but |
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2.1 | 90 | 00:01:43,710 ~-~-> 00:01:46,470 |
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1.1 | 91 | again, we're not trying to split hairs. We want something |
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2.1 | 94 | 00:01:46,470 ~-~-> 00:01:50,280 |
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1.1 | 95 | that delivers very consistent rule based we're not trying to |
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2.1 | 98 | 00:01:50,400 ~-~-> 00:01:53,700 |
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1.1 | 99 | be absolutely perfect with our entry not absolutely |
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| 101 | 26 | ||
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2.1 | 102 | 00:01:53,700 ~-~-> 00:01:58,770 |
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1.1 | 103 | perfectly their exit we don't need that so 50 pips plus from |
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2.1 | 106 | 00:01:58,770 ~-~-> 00:02:03,630 |
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1.1 | 107 | an entry Working with 15 PIP stop loss, very very handsome |
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2.1 | 110 | 00:02:04,170 ~-~-> 00:02:07,260 |
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1.1 | 111 | are multiple there. Notice how we ran above Wednesday's |
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| 113 | 29 | ||
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2.1 | 114 | 00:02:07,260 ~-~-> 00:02:11,160 |
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1.1 | 115 | daily high, we spiked through it, no more drive above it, |
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| 117 | 30 | ||
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2.1 | 118 | 00:02:11,550 ~-~-> 00:02:15,240 |
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1.1 | 119 | trade down below it and back again and then we sank down |
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2.1 | 122 | 00:02:15,240 ~-~-> 00:02:17,220 |
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1.1 | 123 | below and and now look at the sensitivity in here. |
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2.1 | 126 | 00:02:17,760 ~-~-> 00:02:18,450 |
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1.1 | 127 | So again |
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2.1 | 130 | 00:02:20,310 ~-~-> 00:02:24,420 |
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1.1 | 131 | previous day's highs and lows set the stage for the easiest |
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2.1 | 134 | 00:02:24,420 ~-~-> 00:02:26,550 |
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1.1 | 135 | bread and butter setups you're ever going to find in the |
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2.1 | 138 | 00:02:26,550 ~-~-> 00:02:29,610 |
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1.1 | 139 | markets. You don't need to be paying signal services. You |
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| 141 | 36 | ||
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2.1 | 142 | 00:02:29,610 ~-~-> 00:02:32,010 |
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1.1 | 143 | don't need to be paying people for chat rooms. You |
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2.1 | 146 | 00:02:32,010 ~-~-> 00:02:35,460 |
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1.1 | 147 | absolutely can do this and it's something that repeats every |
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2.1 | 150 | 00:02:35,460 ~-~-> 00:02:38,610 |
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1.1 | 151 | single day. Until next time, I wish good luck and good |
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2.1 | 154 | 00:02:38,610 ~-~-> 00:02:38,970 |
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1.1 | 155 | trading |