OTE Pattern Recognition Series - Vol 12.srt
Last modified by Drunk Monkey on 2021-06-10 10:04
| 1 | 00:00:10,950 --> 00:00:19,890 | ICT: Welcome back, folks, this is video number 12 in our continuing series of 20 videos for the ICT optimal trade entry pattern recognition series. Alright, |
| 2 | 00:00:19,890 --> 00:00:31,650 | today's example is a commodity futures. And it's a Mexican peso. So we already have our chart trained on the five minute and take a look at what you see here. |
| 3 | 00:00:31,710 --> 00:00:49,050 | Before I put the annotations on. Pause the video. Okay, so what are annotations and here's yesterday's high, Thursdays daily high. And during the New York |
| 4 | 00:00:49,050 --> 00:01:01,650 | session, we have an optimal trade entry in here and you can see one half standard deviation. One full standard deviation takes us above Thursday's daily |
| 5 | 00:01:01,650 --> 00:01:11,640 | high. Why don't have to is a little too rich for today. But that's okay. The model that I'm teaching is simply looking at Iran above previous day's high or |
| 6 | 00:01:11,640 --> 00:01:28,050 | below previous day's low. And you can see that there is a 47 PIP opportunity here and a four to one reward to risk. So not a bad little trade. You might want |
| 7 | 00:01:28,050 --> 00:01:39,330 | to take a look at the Canadian dollar today in your own study. And there was an opportunity for a continuation on the dollar CAD. It gave me an optimal trade |
| 8 | 00:01:39,330 --> 00:01:46,680 | entry today in the New York session. So I'll leave that for your own personal study and homework. And I'll talk to you next weekend. I wish you good luck and |
| 9 | 00:01:46,680 --> 00:01:47,190 | good trading |