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. |