OTE Pattern Recognition Series - Vol 19.srt

Last modified by Drunk Monkey on 2021-06-10 10:00
1 00:00:10,230 --> 00:00:19,080 ICT: Hi, folks, this is volume 19, in a continuing series of 20 videos for the optimal trade entry pattern recognition series for the inner circle trader
2 00:00:19,080 --> 00:00:29,520 YouTube channel. Alright, our example today is the dollar yen. And we already got charts trained in on our five minute basis. And I just want to show you the
3 00:00:30,510 --> 00:00:41,430 previous day's high. As they were trading, you can see this relative equal highs in here, there's a lot of retail theory about this being resistance and any
4 00:00:41,430 --> 00:00:51,090 shorts, their protective stop loss could be, quote, unquote, protected above these highs, what we're gonna see about that, and so let's, again, remember,
5 00:00:51,090 --> 00:01:05,160 this is the high, I'll show you. That's where it is. Okay, and don't take this off, do our regular approach. Alright, so now pause the video, I'll give you an
6 00:01:05,160 --> 00:01:07,560 opportunity to study it before I show you the annotations.
7 00:01:15,360 --> 00:01:25,950 Alright, let's add the annotations now. So we have our New York session again, always static at 830 in the morning, New York time to 11 o'clock, New York time.
8 00:01:26,340 --> 00:01:37,920 So go straight up in there, and you'll see that we create optimal trade entries in here. I like this one. Let me take the annotations off real quick. I like
9 00:01:37,950 --> 00:01:46,770 this one, because we've already came back down and a little deep on that and it broke a high. So I like this right here. So if you look at the scalping or high
10 00:01:46,770 --> 00:01:55,110 probability scalping series I have on my YouTube channel, that'll actually give you a little bit more detail as to how you can trust bias. And, again, there's
11 00:01:55,110 --> 00:02:03,990 more tips in that video series as well. But let's go back to this example here we have the low the high optimal trade entry dropping down in on the candle at
12 00:02:04,020 --> 00:02:15,870 1025 New York time hypothetical entry would be 108 point seven zero, and the entry would have suffered three pips drawdown 10 PIP stop loss, which takes us
13 00:02:15,870 --> 00:02:31,170 at 108 point six zero doesn't give us too much at the old high and not much going on that either about 14 pips and 20 pips at once they're in deviation, and
14 00:02:31,170 --> 00:02:41,130 finally making it to the one and a half standard deviation, right here on this candle here offering 28 pips and the standard deviation of two or two standard
15 00:02:41,130 --> 00:02:51,300 deviations, just say, looks like it could potentially pop up in here in the asian session because right now time of this recording is 739 local time in New
16 00:02:51,300 --> 00:03:03,990 York. So that's the business for this example. And tomorrow is our last and final episode for this series. And if you give me thumbs up in tomorrow's video,
17 00:03:04,410 --> 00:03:10,470 it might even inspire me to do something else after this one ends. I'll talk to you next time. Wish you good luck and good trading.