OTE Pattern Recognition Series - Vol 19.srt
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ICT: Folks, this is volume 19 in a continuing series of 20
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videos for the optimal trade entry pattern recognition
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series for the inner circle trader YouTube channel. All
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right, our example today is the dollar yen. And we already
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got charts trained in on our five minute basis. And I just
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want to show you the previous day's high as they was trading
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you can see there's relatively equal highs in here. There's
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a lot of retail theory about this being resistance and any
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shorts their protective stop loss could be, quote unquote,
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protected above these highs. Well we're going to see about
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that and so let's again, remember this is the high I'll show
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you. That's where it is. Okay, and don't take this off. Do
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our regular approach. Alright, so now pause the video, I'll
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give you an opportunity to study it before I show you the
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annotations.
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All right, let's add the annotations now.
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So we have our New York session again, always static at 830
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in the morning, New York time to 11 o'clock, New York time.
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So go straight up in there, and you'll see that we create
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optimal trade entries in here. I like this one. Let me take
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the annotations off real quick. I like this one, because
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we've already came back down and a little deep on that, and
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it broke a high. So I like this right here. So if you look
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at the scalping or high probability scalping series I have
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on my YouTube channel, that'll actually give you a little
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bit more detail as to how you can trust bias. And, again,
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there's more tips in that video series as well. But let's go
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back to this example here. We have the low High optimal
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trade entry dropping down in on the candle at 1025 New York
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time hypothetical entry would be 108 point seven zero and
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the entry would have suffered three pips draw down 10 pips
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stop loss, which takes us at 108 point six zero doesn't give
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us too much at the old high and not much going on that
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either about 14 pips and 20 pips at one standard deviation,
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and finally make it to the one and a half standard deviation
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right here on this candle here offering 28 pips and the
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standard deviation of two or two standard deviations, just
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say looks like it could potentially pop up in here in the
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asian session because right now Tom's recording is 739 local
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time in New York. So that's the business for this example.
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And tomorrow is our last and final episode for this series.
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And if you give me thumbs up in tomorrow's video, it might
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even inspire me to do something else after this one ends.
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I'll talk to you next time. Wish you good luck and good
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trading.