PA Model-1 - Intraday Scalping Model
PA Model-1 - Intraday Scalping Model
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.
Pattern we are focusing here was OTE entry in the NYOKZ to the PDH/PDL as
draw on liquidity.
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.
After price traded to the Bearish OB he has been targeting the PDL’s as draw
on liquidity.
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.
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.
General rules :-
Examples :-
After that he explained the weekly OTE entry trade [ felt like he is just yapping
there and cherry picked trade entry ]
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.
Here ICT is talking about how breaker is the strongest PDA in his list of PDA’s
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.
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
Breaker
OTE levels
Time element
here you can see the price has traded in to that OTE level on the Tuesday NYOKZ
which perfectly aligns with the time element
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.
1. Preparation - It's usually when patience is being applied , & what are you
basically waiting for, what are you doing with your time ?
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
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.
Preparation -
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 -
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.
Now this 7-10 NYOKZ can extend till 11 when we have red folder news after 10
Trade management -
Money management -
Now practice ,
What’s an algorithm ?