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ICT OTE Series Notes Part - 1 & 2 | PDF | Economics | Financial Economics
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ICT OTE Series Notes Part - 1 & 2

The document outlines the ICT OTE trading strategy, emphasizing the importance of daily high and low levels to determine market bias. It details the ideal entry time, price retracement levels, and guidelines for setting stop loss and take profit targets. Additionally, it advises on the significance of external liquidity and the use of watchlists for effective trading.

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vishal
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182 views3 pages

ICT OTE Series Notes Part - 1 & 2

The document outlines the ICT OTE trading strategy, emphasizing the importance of daily high and low levels to determine market bias. It details the ideal entry time, price retracement levels, and guidelines for setting stop loss and take profit targets. Additionally, it advises on the significance of external liquidity and the use of watchlists for effective trading.

Uploaded by

vishal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ICT OTE series notes

Part -1
IT'S NOT ABOUT BEING RIGHT OR WRONG
Focus on the NY Session

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If daily bias is not clear, focus on what has happened regarding previous day's
H&L, which side has been taken out? THAT'S YOUR BIAS!
The fact that you can predict a move doesn't mean you should trade it, only trade
if it fits your setup and risk management parameters.

TIME & PRICE


TIME: The OTE entry should show up 8:30 to 11am EST.
PRICE: Between 62% and 79% Fib. Retracement, being 70.5% the ideal entry price of
the last price leg.

Page 1 @BLAZEMMXM
ICT OTE series notes
Part -2
Setup
Entry: Ideally, it will reject strongly the 70.5% fib retracement. Also, take into

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account previous day's H&L as potential targets.
Stop Loss: below the base of the price leg on bullish moves, above the top of the price
leg on bearish moves.
Take Profit:
Scale out at Level 0 of Fib. Retracement or just below it ONLY in case there's no
much room for the pair to move (consolidation days, low volatility days).
1st Take Profit Target at -50%.
2nd Take Profit Target at -100% (Symmetrical Swing)
Specifics:
The price leg doesn't necessarily need to be within the Time window (8:30-11am
EST), it can be during the London Open with ease.
Previous Day's H&L can be used as targets and have to be taken into account as
potential reversal points.
When adjusting your SL look for already drawn liquidity pools.
When trading Monday disregard Sunday's price action and consider only Friday's
levels.
If there's no clear external liquidity (PDH, PDL) as target, stay out! → Live to
fight another day!
If paired with daily DOL, the probs are extremely higher.
If want to leave a runner, take 80% off.
The T-Bond markets, when moving, it's better than any other market.
Use watchlists and alarms, set it after London open on the majors after clear price
legs. Daily OTE can be used for BIAS.

Page 2 @BLAZEMMXM
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Round up/down your targets to full or half numbers.
Check for bigger valid OTEs, check for HTF potential OTE that could be developing
while you aim to trade one smaller.
If it retraces too much, wait for the next setup.

EXAMPLES:

Page 3 @BLAZEMMXM

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