(HCT001) Huddleston notes (Inner Circle Trader) Huddleston notes (InnerCircleTrader)

Optimal Trade Entry (OTE)Timeframes and retracementsFocus on higher (H4+) timeframes and big money moves. Institutions move the market. Optimal trade entry is based on buying retracements. An impulse leg moves up/down and then moves off that level in the opposite direction (a “break in microstructure”) to enter the optimal trade entry zone. Fibonacci LevelsStart by setting up your Fib retracement levels as followsLevel Description1 100.00.618 %$ – 62 percent0.705 %$ – OTE – 70.5 percent0.79 %$ – 79 percent0 0.0 – First Profit Scaling-0.62 Target 2-0.27 Target 1-1 Symmetrical SwingFor any retracement, drawn from the local high-low or low-high, we are looking for price to enterthe zone between 62 percent and 70.

9 percent. First fill is taken at 62 percent. Allow price to extend down to 80 (just below 70.9 percent). (?) Stop is at the initial level (100.0). What is the point of the 70.9 level then? Do we continue to add to the position until it exceeds that level? Then stop taking trades once that level’s exceeded and wait (pray) that it will turn before reaching the stop?Take first profits at 0.0, and take further profits at Targets 1, 2, and Symmetrical swing if price gets that far.Finding the first level

● Go to the monthly chart. Why switch between MT4 and Tradingview? Just to show that the pattern isn’t exclusive to MT4? Why would it be? Look for a local high/low. Note the price, drop a horizontal line on it.

● Algo price levels break down price increments in quarters using 0, 20, 50, 80 to the next whole number. So for example if price broke above 1.1714 we would expect the supportlevel to be at 1.1720 (round to the nearest). Michael mentions 1.1765 and that it would reach support at 1.1750 but why wouldn’t it just as easily be 1.1780 since 65 is equidistant to 50 and 80? Mark this level (the “institutional level”).

● Drop down to a lower TF chart (M15).● You want to see price rally off your level and take out (exceed) a “short-term high (low)”. This is a ‘microstructure break’. Note (mark) that level. Price will retrace again and pick up more orders before rallying again (“intermediate high (low)”). Each time a new high/low is broken mark the new level. Is this part of a procedure or just the

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