WickCheck / Trading school / Optimal trade entry
Optimal trade entryOTEAdvanced
An entry zone at the 62% to 79% retracement of a swing, with 70.5% as the commonly used midpoint.
Simplified illustration, not real market data.
What it means
After a strong move, traders wait for a pullback deep into discount (for longs) before entering. OTE is ICT's specific Fibonacci zone for that pullback.
How to spot it
- Draw a Fibonacci retracement over the last impulse.
- Mark 0.62, 0.705 and 0.79.
Common mistakes
- Re-drawing the Fibonacci until price fits the zone.
Related terms
Premium and discountThe upper half of a price range is premium (expensive), the lower half is discou…DisplacementA fast, strong move made of large candles, often leaving fair value gaps behind.…
Why most strategies need a human behind the screen
Read the lessonWhat a mechanical test can and cannot tell you about smart money concepts.
Education only, not financial advice. Definitions vary between teachers; these are ours, written for clarity.