OTE Pattern Recognition Series - Vol 12.srt
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ICT: Welcome back, folks, this is video number 12 in our
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continuing series of 20 videos for the ICT optimal trade
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entry pattern recognition series. Alright, today's example
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is a commodity futures. And it's the Mexican peso. So we
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already have our chart trained on the five minute and take a
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look at what you see here before I put the annotations on.
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Pause the video. Okay, so we'll add our annotations and
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here's yesterday's high, Thursdays daily high. And during
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the New York session, we have an optimal trade entry in here
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and you'd see one half standard deviation. One full standard
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deviation takes us above Thursday's daily high. And why
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don't have to is a little too rich for today. But that's
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okay. The model that I'm teaching is simply looking at Iran
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above previous day's high or below previous day's low. And
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you can see that there is a 47 PIP opportunity here and a
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four to one reward to risk. So not a bad little trade. You
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might want to take a look at the Canadian dollar today in
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your own study, and there was an opportunity for a
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continuation on the dollar CAD. It gave me an optimal trade
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entry today in the New York session. So I'll leave that for
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your own personal study and homework, and I'll talk to you
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next weekend. I wish you good luck and good trading.