Straight Line Trader

FTMO Trader Scouting
GA short set up for big pips
 

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  • 49 GA short.png
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Fiber short not the best level, though still in it
 

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  • 58 fiber short.jpg
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closed a 30 pip long on Fiber
 

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  • 60 fiber.png
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Kiwi is holding though may look to correct
 

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Re: ICT OTE fib levels

OTE fib levels

0.0 :: %$ :: ZERO
0.5 :: %$ :: 50%
0.62 :: %$ :: OTE
0.705:: %$ :: SWEET SPOT
0.79 :: %$ :: OTE
1.0 :: %$ :: ONE HUNDRED
1.27 :: %$ :: EXT 1
1.62 :: %$ :: EXT 2
2.0 :: %$ :: TWO HUNDRED
2.27 :: %$ :: EXT 3
2.62 :: %$ :: EXT 4
3.0 :: %$ :: THREE HUNDRED
 

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  • OTE fib levels.docx
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Tip of the week - One must learn the difference between corrections and impulsive moves, both are highly tradeble

The key is identifying the swings inside the actual correction, note the measured type moves while price is dropping, before the big decline takes place
 

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  • 84 GN set up.png
    84 GN set up.png
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