OTE Pattern Recognition Series - Vol 13.srt

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ICT: Welcome back, folks, this is video number 13 in a

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continuing series of the optimal trade entry pattern

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recognition series for the inner circle trader YouTube

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channel. Alright Eric example again today is the dollar CAD

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and our charts already trained in on the five minute chart.

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And I'm going to counsel you to take a look at your daily

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chart and look at their most recent optimal trade entry that

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formed which led to this strong breakdown on the daily

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chart. Now, when we see big moves like that, the natural

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assumption is it's gone down too far. And it's going to have

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to reverse and many times that's going to plague your trust

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in a pattern like this in the New York session. As you can

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see, the Mark has been going down and we add the annotations

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To the chart, you'll see that nothing really has changed.

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It's still the same logic. And you can't just simply say,

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the markets oversold, the pattern can't work. That's not how

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this works. The markets going to seek liquidity and it's

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going to expand and seek that liquidity above or below the

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marketplace. We look at the daily chart had a really obvious

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equal lows. I teach that as Candyland it's just right for

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the taking sell side liquidity. And couple that with optimal

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trade entry on the daily chart and you get beautiful results

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like this. We're gonna look at the dollar CAD here if you

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haven't already done so pause your video. Alright, so now

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I'm going to add annotations. Alright, so you can see they

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have the New York session. Again standard times never

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changing 8:30am New York time to 11am Okay, the optimal

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trade entry is here. Now obviously you can see the market

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has been going down And we have this retracement in here

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inside the heart of the New York session trades back to

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optimal trade entry. Now notice it goes just a little bit

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above that that's okay. It's fine. It's not a big deal. You

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may have looked at this and elected to use this swing high

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here. I use this one only because it has the direct

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displacement from this high starting going lower. It did

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have a higher high here and I'll show you what that looks

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like in a moment. But drop down and consolidation and run

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more. One more time rally up to me. I'm going to use this

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point here, before I go to this one. Again, take the

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annotations off for a minute, you can see this one's

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slightly higher than this one, but this one's where all the

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volume is. And you see that with the bodies of the candles

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versus this wick. Adding that six cube centration level.

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That's our standard for this model is that anti pattern Your

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stock would have to be above the short term high, whatever

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fits your risk appetite if it's 1%, half a percent 2% 20% if

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you don't want to be in the business too long, and I'll be

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in bed. Alright, so the short term low trades to 3811 and a

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half. So that gives you about what's that 20 pips or so

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about 20 pips just to the old low here, and then you get

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half a standard deviation at 3993. One full standard

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deviation at 3775 and a half, and one and a half standard

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deviations at 137 57 and a half and the low of the day comes

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in exactly at 1.3757 and a half. So beautiful, beautiful

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symmetry in the dollar CAD obvious setup, from the daily

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chart, using the things that I've taught, obviously on this

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channel for free, you can go through all the tutorials. See

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everything I've shown in those videos coupled with this

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optimal trade entry pattern recognition series. You can see

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how the things that I teach and I look for up here every

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single market day, in this time of day. So this is an

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example again, you can use for your edification. I hope you

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found insightful until next time, I wish you good luck and

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good trading.