Lesson 3 Flashcards
What are the main news events to be aware of?
High impact news events that impact the USD as the USD impact most currencies.
How does high impact news events impact the market?
Large amounts of liquidity is injected into the market.
What does the market consolidate in the days leading up to the news event?
To induce the placement of orders.
What is OTE?
Optimal trade entry.
What does the OTE do?
It’s a retracement entry technique that looks at the range of price and helps you determine whether it’s cheap or expensive.
What’s the significance of the price range?
If you’re looking to sell, you should sell above 50%.
If you’re looking to buy, you should buy below the 50%.
How should you use the OTE?
Wait for the day’s high and low to form.
Wait for price to enter the range between 0.62 and 0.79. This is the optimal range to Enter.
