ICT OTE example breakdown, Looking at the chart as evidence.
here we go again another ICT OTE in the NY session.
I know the charts a bit messy so lets simplify.
1. Order block is in higher TF structure
GREEN BOX
2. we are working against a HTF trend (pushing up when the Daily and 4 hour bias is down)
3. We are at extensions of the Sunday range, (price is looking for that sell high discount)
4. price shows us it has the backing to extend back to mitigate the order
5. price hits the order, DISCOUNT, HTF BIAS IN FAVOUR 79 percent entry (some people use this as a more reserved entry, Even the 62 is still not stopped out, could have entered again at 79 better price depending on Risk management and your flavour.
6. short break of structure to upside again, Trend line broken and stops hunted.
7. 3-1 easy.....5-1 if you held it.
Simplify, Things are easier to see when you simplify....
money doesn't care about your fancy indicators or rituals or mathematical calculations, The trade is an investigation, The chart IS THE EVIDENCE LEFT IN THE CRIME SCENE..
ill keep dropping them in, so that people can see examples, Drop a like and let me know they are helping.
designate target, Aim ... fire.
I know the charts a bit messy so lets simplify.
1. Order block is in higher TF structure
GREEN BOX
2. we are working against a HTF trend (pushing up when the Daily and 4 hour bias is down)
3. We are at extensions of the Sunday range, (price is looking for that sell high discount)
4. price shows us it has the backing to extend back to mitigate the order
5. price hits the order, DISCOUNT, HTF BIAS IN FAVOUR 79 percent entry (some people use this as a more reserved entry, Even the 62 is still not stopped out, could have entered again at 79 better price depending on Risk management and your flavour.
6. short break of structure to upside again, Trend line broken and stops hunted.
7. 3-1 easy.....5-1 if you held it.
Simplify, Things are easier to see when you simplify....
money doesn't care about your fancy indicators or rituals or mathematical calculations, The trade is an investigation, The chart IS THE EVIDENCE LEFT IN THE CRIME SCENE..
ill keep dropping them in, so that people can see examples, Drop a like and let me know they are helping.
designate target, Aim ... fire.