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PA Model-1 - Intraday Scalping Model

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100% found this document useful (1 vote)
953 views19 pages

PA Model-1 - Intraday Scalping Model

Uploaded by

sohailswati6585
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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PA Model-1 [ Intraday Scalping

model ]

So before getting to the lecture the person should definitely watch the High
probability scalping series.

We got a hypothetical trader profile here to evaluate yourself that are u fit for
this model.

If you are still confused I would advice you to check the baby pips quiz to find
out which trading style is best for you.

Quiz: Which Trading Style Is Best For You?


This quiz will help you find out whether you are better off as a scalper, a day trader, a swing trader, or a
position trader.
https://www.babypips.com/learn/forex/which-trading-style-is-best-for-you

Pattern we are focusing here was OTE entry in the NYOKZ to the PDH/PDL as
draw on liquidity.

PA Model-1 [ Intraday Scalping model ] 1


So we are not just targeting the PDH/PDL we are targeting 10-30 pips beyond
the PDH/PDL.

Now PDH/PDL isn't just the day high and low of the day before the entry. Its
any days high/low inside the 20 Day IPDA lookback.

Now on the picture the excluded days are just Sundays. So don't get lost over
by looking at that.

So now lets take a look at the overall market tone to find our bias,

By looking at chart we can understand the price is really weak and its highly
probable to be drawn into lower levels.

Also incorporate the premium, discount range concepts.

After price traded to the Bearish OB he has been targeting the PDL’s as draw
on liquidity.

PA Model-1 [ Intraday Scalping model ] 2


Each previous days lows have to be taken until price reaches a HTF objective.

20 days lookback and marking out the overall price range,

So he just excluded all Sunday candles and count backwards till 20 day
lookback and marked highest high of the last 20 trading days and lowest low
of the last 20 trading days to find out the whole trading range.

So he has been looking for lower prices , So he is targeting the Previous days
lows to be taken out.

So that he is marking out the available Previous days low in that 20 day
lookback as draw on liquidity.

Also note that we got a relatively equal lows there which is highly probable for
price to be drawn into that levels.

PA Model-1 [ Intraday Scalping model ] 3


Now lets take a look at how price drawn into those lows in 1hr & 15 min Tf

1hr chart 15 min chart

So now lets take a look at the trading model,

The valid swing high should be present on the discount range of the last 20
days lookback for bullish & vice versa for bearish.

Thursdays can be considered for the entries but when he takes entries on
Thursday his risk levels would be really low.

Also note that we are taking entries on the retracement against the London
session momentum, which means London session has to be bullish.

PA Model-1 [ Intraday Scalping model ] 4


Once price reaches the symmetrical price swing you should exit your whole
position off.

General rules :-

Examples :-

After that he explained the weekly OTE entry trade [ felt like he is just yapping
there and cherry picked trade entry ]

PA Model-1 [ Intraday Scalping model ] 5


Price grading talks

Regarding the price grading once we find out the where the move has started
and where its gonna drawn into ,we are just grading that whole move and
dividing into quadrants these quadrant levels are highly probable to take
entries / new setups to be formed.

💡 Most of my students overcomplicates things by using every possible


tools available for their trading , keep it simple ! you don't need to agree
all your trading tools for your setups. Your trading plan should be
something that is able to be written in a business card it should be short
& crisp, in order to make it so you have to need a thorough
understanding about the concepts.

PA Model-1 [ Intraday Scalping model ] 6


At first he was stating about the importance of looking at the market in terms
of premium & discount ranges in order to understand the overbought &
oversold states. Always try to use the Daily timeframe to understand the
premium & discount ranges as the institutions uses the daily time frame most
of the times in their analysis.

Here ICT is talking about how breaker is the strongest PDA in his list of PDA’s

What's the whole logic behind the breaker ?


So as you can see breaker scenario traps the breakout traders and creates
the fake outs which helps them to execute their orders well against the
retailers. The biggest nightmare for breakout traders was the fake outs & that's
what happening here.
High probability breaker scenario :-

Taking out stops and mitigating any premium PDA at premium range of
market is highly probable scenario for shorts [ Vice versa for bullish ]
Breaker & OTE connections :-

Once a fake out scenario is created & the MSS formed price wont to retrace
into OTE levels most of the times & that's the speciality of breakers the
reaction would be really quick at breaker PDA’s if its the right one which
matches the overall market direction.
Also ICT argues that this is the highest form of market structure in terms of
probability.

While using Fibs ,


Include wicks For determining the premium & discount ranges.

Exclude wicks for OTE entries.

Now lets take a look at the example out here,

PA Model-1 [ Intraday Scalping model ] 7


As you can see price traded into a discount level PDA by taking out the previous
swing low & created the breaker by the MSS, that's the scenario ICT mentioning
the whole lecture.

There would be times where the daily chart isn't clean and showing any signs
of bias those times zoom in to the 4hr / 1hr timeframes and work on that Tf.

Also you can incorporate the time element to your trades like , time of the day
/ day of the week.

Here is the another dealing range to work on as you can see price returned to the
equilibrium and mitigated the breaker there

PA Model-1 [ Intraday Scalping model ] 8


So for OTE as mentioned on the previous we would be using the bodies to pull fib
and you can see the OTE levels got respected

So here we have 5 confluences to support our bias

Equilibrium of the parent price swing

Discount range of the minor price swing

Breaker

OTE levels

Time element

Now lets drop down to the 15 min Tf

here you can see the price has traded in to that OTE level on the Tuesday NYOKZ
which perfectly aligns with the time element

PA Model-1 [ Intraday Scalping model ] 9


The target would be as mentioned on the PA Model 1 previous days high in the 20
day IPDA lookback.
If the IPDA reached all targets on the 20 day lookback its gonna seek the 40 day
lookback targets.

Even if I teach you things well there is room for errors from your side. The only
way to tackle that is by practice & committed learning so give yourself some
time to grasp these things.

This is a scalping model trade plan & the ideal scenario is to capture 15 to 20
pips per trade.

There's essentially 5 steps to every trading plan ,

1. Preparation - It's usually when patience is being applied , & what are you
basically waiting for, what are you doing with your time ?

2. Opportunity discovery - So once you see something that is developing


okay , the opportunity has been discovered because of your experience of
studying price delivery.

3. Trade planning - Once you understand the framework that you're looking
at , you are going to trade your plan.

4. Trade execution - Once you have your opportunity & you've prepared &
you've planned the trade framework, then you want to execute on the

PA Model-1 [ Intraday Scalping model ] 10


trade.

5. Trade management - Where do I put my stop & when should I take profits ?

Now you don't have to thoroughly follow these trading plan , you can alter this for
yourself with this 5 stages for trading plan but don't make it complicated , make it
short & simple.

Now lets dive deep into each stages ,

Preparation -

Calendar | Forex Factory


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economic calendar.
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PA Model-1 [ Intraday Scalping model ] 11


If price has a fractal that has elements that go beyond the scope of the last 20
days, in other words, say it's in a real tight consolidation, you have to consider
going into a 40 day look back. But that changes the model just a little bit in terms
of your scope of how far you look back. Otherwise, all the framework resides
inside of the 20 day look back.

You all know how to do bias. The problem is you don't want to be wrong ,
okay. Submit to the time , after months of experiencing you would be able to
do it right most of the times.

Opportunity discovery -

PA Model-1 [ Intraday Scalping model ] 12


So what we're doing is we're framing what the market could key off of as we view
support or resistance not in the scope of retail version of it but we're looking at
how IPDA rebalances or runs to liquidity.

Trade planning -

When the market is primed that means there's an opportunity to see price expand
and move and create an opportunity so it's primed to move. Okay? We're waiting
for that scenario. When the market is primed that means there's an opportunity to
see price expand and move and create an opportunity so it's primed to move.
Okay? We're waiting for that scenario.
Now , What does that mean ?

It means that say we're bearish We want to see a day where the economic
calendar suggests volatility is going to be in market at a specific time of day for
that particular day for a particular market. We wait for that to unfold & then we
anticipate a measure of manipulation & rally. We want to see it get a market
protraction to the upside or a Judas swing. When it does that this will cause
retail to chase price and thus provide us excellent liquidity for our own trade
trading in the opposite direction.

PA Model-1 [ Intraday Scalping model ] 13


Trade executions -

Now this 7-10 NYOKZ can extend till 11 when we have red folder news after 10

Trade management -

PA Model-1 [ Intraday Scalping model ] 14


Stop loss management -

Money management -

PA Model-1 [ Intraday Scalping model ] 15


Drawdown management -

Now practice ,

PA Model-1 [ Intraday Scalping model ] 16


Algorithmic theory of price action model 1-

What’s an algorithm ?

PA Model-1 [ Intraday Scalping model ] 17


Everyday life example of an algorithm -

Algorithmic theory of Price action model - 1

PA Model-1 [ Intraday Scalping model ] 18


So now you got everything u need for the price action model 1, put efforts from
your side to understand things & practice.

Need more ICT Notion notes ? Its here 👇


𝙎𝙪𝙥𝙚𝙧𝙮𝙚𝙩𝙞 (@realsuperyeti) on X
Trader | ICT Notes
https://twitter.com/realsuperyeti

PA Model-1 [ Intraday Scalping model ] 19

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