00:00:30
we're looking at the first of 12 price
00:00:33
action models and this is going to be
00:00:35
specifically dealing with intraday
00:00:44
scalping okay so ICT price action model
00:00:47
number one this is Inay scalping
00:00:49
previous day high and
00:00:52
low now obviously there's a prerequisite
00:00:55
to this tutorial and you should have
00:00:58
watched the mastering High prob ability
00:01:00
scalping volume 1 through three tutorial
00:01:03
uh this was made public this is part of
00:01:05
my free tutorials on my website and
00:01:08
YouTube
00:01:10
channel the trader profile used for this
00:01:14
model is one that we're hypothetically
00:01:17
using and this Trader is hypothetically
00:01:21
not willing to hold long-term or
00:01:24
overnight they make their minds up with
00:01:27
ease and are prone to be opinionated
00:01:30
prefers frequent setups over waiting for
00:01:33
long-term setups to
00:01:34
form has a basket of markets to sift
00:01:37
through on the daily the night
00:01:40
before and not out to make huge trades
00:01:43
and they like to limit their focus to
00:01:45
select short-term strikes so it's a
00:01:47
little bit of a Trader psyche or a
00:01:50
overview from a hypothetical Trader
00:01:53
standpoint so if you find yourself
00:01:54
aligning yourself with this thought
00:01:58
process or if it fits it's your
00:02:01
personality or how you like to
00:02:03
internalize price action then this might
00:02:06
be a good foundation model to work with
00:02:08
now it's not meant to be a replacement
00:02:11
to everything you think you've learned
00:02:14
and then throw everything out the window
00:02:16
you want to have something as a basis to
00:02:19
build on and that's what the premise is
00:02:21
between the first model and the last one
00:02:24
of the 12 that I'm going to be doing in
00:02:26
2018 so again it's just a
00:02:30
suggestion to work within so that way
00:02:33
you go into the marketplace with your
00:02:34
demo account and you engage price action
00:02:36
with a rule-based idea now obviously
00:02:38
since this is the first one it has the
00:02:40
least in terms of rules but it's still
00:02:43
very very good now I'm hoping that you
00:02:47
know what was shown in the high
00:02:49
probability scalping volumes 1 through
00:02:51
three and this is going to further
00:02:53
enhance that with a mentorship
00:02:56
perspective okay and the pattern setup
00:02:58
that's going to be used for this model
00:03:00
is the optimal trade entry and in the
00:03:02
New York Kill Zone and we're focusing
00:03:04
primarily on previous daily range
00:03:12
raids okay so the setup
00:03:16
overview we're going to be buying
00:03:19
intraday New York session bullish
00:03:20
optimal trade entries while anticipating
00:03:24
a rally to the previous day's High we're
00:03:27
going to be shorting Inay New York
00:03:28
session bearish optimal trade entries
00:03:31
while anticipating a decline to this
00:03:34
previous day's
00:03:35
low projecting 10 20 or 30 Pips beyond
00:03:40
the previous day's range
00:03:42
targeted previous day is not limited to
00:03:46
the calendar day before today or
00:03:48
whatever the trading day is that you're
00:03:50
executing uh but rather any previous day
00:03:53
inside the current 20-day IPA data
00:03:57
range you can see here I have a
00:04:00
example of this week's recording uh I
00:04:04
did some analysis you guys saw that on
00:04:07
the form and this is more or less how I
00:04:10
used the iPod data range just to form an
00:04:13
opinion about what was going to be
00:04:15
attacked and how I numbered those days
00:04:18
and how I defined the 20-day look back
00:04:25
period okay so I'm zoomed in here a
00:04:27
little
00:04:28
bit you can see obviously the highest of
00:04:32
the last 20 days is right in
00:04:35
here and the lowest of the last 20 days
00:04:38
is right here now obviously this is a
00:04:41
relatively equal low so the liquidity
00:04:43
pool is going to be resting right below
00:04:44
that
00:04:51
okay now when we're looking
00:04:55
for previous daily ranges highs and lows
00:05:00
again it's not simply what was
00:05:01
yesterday's high and low what I'm
00:05:04
referring to is the last 20 days range
00:05:08
in terms of ipto data range that's going
00:05:10
to form a basis of discount or premium
00:05:14
so when we're looking at the PD arrays
00:05:16
inside the last 20 days we're going to
00:05:19
go through the list of the PD array
00:05:22
Matrix from premium to Discount and then
00:05:25
also what we're going to be focusing
00:05:27
primarily on is the liquidity that rest
00:05:30
below the lows okay so I have all of the
00:05:33
key lows from day one that particular
00:05:36
day it's low as recorded and extended
00:05:40
across the chart then day two since it
00:05:44
was the previous day not Sunday every
00:05:46
candle has X above it it's a Sunday in
00:05:48
here so we're disregarding all Sundays
00:05:51
when we're doing uh the PD arrays look
00:05:54
back in 20 day if the data ranges now
00:05:57
it's the same with 40-day and 60 day
00:06:00
we're ignoring again the
00:06:01
Sundays then day three we're using that
00:06:04
low why that low is because it's a swing
00:06:06
low and on day nine we're using that low
00:06:09
because it was one of the strongest up
00:06:11
moves and it's the next previous day low
00:06:17
from day one now again do not be
00:06:19
confused by my terminology saying that
00:06:21
it's the previous day it's a previous
00:06:24
day inside of the range defined by IPA
00:06:28
so in this model we're only used in the
00:06:30
last 20 days and then again you can see
00:06:33
day 13 it's low as well okay so we have
00:06:37
a liquidity pool resting below day 13
00:06:39
and Day N relatively equal lows so we're
00:06:42
anticipating a run below those lows as a
00:06:46
draw on liquidity disregard the
00:06:50
liquidity void to the lower left we're
00:06:52
not drawing any special attention to
00:06:54
that right now on dealing with
00:06:58
scalping
00:07:00
okay so behind that whole price
00:07:02
structure this is what led the
00:07:07
analysis the high was a rejection block
00:07:11
ran through okay so in other words the
00:07:13
rejection block is
00:07:15
here price runs through it making a
00:07:18
higher high did not take the wick out we
00:07:20
don't need that but this is a turtle
00:07:22
suit reversal
00:07:23
pattern and if you look at your dollar
00:07:25
Index when we look at the bodies like
00:07:28
this okay you'll see the dollar Index
00:07:30
was UN unwilling to make a comparable
00:07:33
lower low okay so even though we didn't
00:07:35
have that higher high seen here on cable
00:07:40
we did have it in the form of the
00:07:41
rejection block right here okay so the
00:07:43
highs up close that's what we're seeing
00:07:45
ran out here then it's a subsequent
00:07:48
breakdown then we have the market
00:07:50
structure shift right here price breaks
00:07:53
down trades back up into the breaker
00:07:55
here then we have a deeper move back
00:07:58
into the breaker here
00:08:00
also and we're moving back into the
00:08:02
range of these up close candles here so
00:08:07
this will be one full order Block in the
00:08:10
bearish sense but the gray shaded area
00:08:13
is focusing primarily on the bearish
00:08:14
order block price trades up into it and
00:08:16
then starts to fall away and then we
00:08:19
come right back up into the bearish
00:08:21
order block which is the last off Clos
00:08:22
candle here inside the breaker as well
00:08:24
so we have some layering effects of all
00:08:26
the PD arrays from a premium
00:08:30
standpoint price trades up into it on
00:08:32
day one that's what this day is here and
00:08:35
this is what I gave you on Sunday night
00:08:38
that means this candle right
00:08:40
here while it was forming I was telling
00:08:43
you that the high was going to be right
00:08:45
in here for the week and we would be
00:08:48
looking for a run down below here as a
00:08:53
potential run on
00:08:55
liquidity now for a scalper
00:08:59
it's good to have these ideas because
00:09:02
we're working off a daily time frame
00:09:03
everything I've taught you in the
00:09:05
mentorship is being drawn into this so
00:09:09
I'm taking a great deal of Liberty in
00:09:12
expecting that you know the things I'm
00:09:14
showing you here okay what a breaker is
00:09:17
what a rejection block is turtle soup
00:09:19
Market structure shift you all should
00:09:20
know what that uh what Market structure
00:09:22
shifts are but then we have the
00:09:24
liquidity pool resting below equal lows
00:09:27
here and then obviously the bearish
00:09:28
order block
00:09:30
so while it's like this okay we have
00:09:32
ranges in here to work within we have
00:09:35
the highest high the lowest low and
00:09:37
right in here we're at or above
00:09:40
equilibrium and we're anticipating a
00:09:42
move
00:09:48
lower so going back to the ipto data
00:09:51
range you can see how price did in fact
00:09:54
reach through all of these lows okay and
00:09:57
then we're going to take a closer look
00:09:59
we're going drop down into a lower time
00:10:00
frame at these same price levels or
00:10:03
these red
00:10:05
lines okay so we have an hourly chart
00:10:08
here so you can see how price has
00:10:10
gravitated towards moving to and just
00:10:13
below these levels okay so IPA is
00:10:16
seeking liquidity below these known
00:10:20
price points so if we have them on our
00:10:23
chart obviously we're going to be much
00:10:24
more well informed than the retail
00:10:27
minded Traders or their say it some of
00:10:29
the pseudo professional
00:10:36
Traders okay so I shared this chart also
00:10:40
in the Forum and I want you to take note
00:10:44
of how price did in fact seek
00:10:47
liquidity below previous day's lows
00:10:50
that's what the PDL stands for previous
00:10:52
day low it doesn't mean and it's not
00:10:55
defined specifically as yesterday's low
00:10:58
okay and what I'm saying is it's a
00:11:00
previous daily low but it's defined as
00:11:03
such inside of a range of the last 20
00:11:05
days in this case here we're looking at
00:11:08
just till last Friday from the time of
00:11:09
this recording February 28th
00:11:12
2018 so here's Friday's low okay here's
00:11:16
Sunday's trading and I gave you in
00:11:18
analysis
00:11:20
pre-week that this was going to probably
00:11:22
be our optimal trade entry selloff for
00:11:25
the week now I didn't know if it was
00:11:27
going to be on Monday I don't know
00:11:29
always know that but that's the area at
00:11:31
which I was looking for to trade to so
00:11:33
if we know that we're likely to see this
00:11:35
scenario unfold then Monday or Tuesday
00:11:37
or potentially Wednesday the market
00:11:40
could have rallied up to that price
00:11:41
point now since we saw all of this
00:11:44
premium being built
00:11:46
in our eye goes immediately to this low
00:11:49
right here because this is our anchor or
00:11:52
FC Chrome point the low up to this high
00:11:56
this is going to be used for swing
00:11:57
projection at the last slide of of this
00:11:59
presentation so just remember that all
00:12:01
this buildup here from Friday going into
00:12:03
Monday's high that's all being built as
00:12:06
a premium and we'll look at that as a
00:12:09
tool for grading our price swings and
00:12:12
also looking for swing projections on
00:12:14
the
00:12:18
week okay so now let's get into the nuts
00:12:21
and bolts about this we're going to be
00:12:23
defining buy programs now a buy program
00:12:26
is simply when we're looking to be a
00:12:27
buyer what are we defining as what makes
00:12:30
it a buy program in other words why are
00:12:32
we only focusing on one side of the
00:12:33
marketplace in this case of being a
00:12:35
buyer well buying only when the daily
00:12:38
has taken out a swing high in the last
00:12:40
20 days if the data range and not in a
00:12:44
premium buying can be considered at
00:12:47
equilibrium of the daily range of the
00:12:49
20-day IP to data range and parabolic
00:12:52
expansion runs will be above the
00:12:54
equilibrium level of the 20-day IPA data
00:12:57
range as it targets the previous day
00:13:00
high and it's liquidity pull above
00:13:03
it okay so we have our range here
00:13:06
premium and discount we have the lowest
00:13:09
low here and the highest high
00:13:13
here as price takes out this swing High
00:13:18
here right
00:13:20
here everything moving towards this
00:13:22
level here could still be used for buys
00:13:25
this would be a daily time frame also
00:13:27
these are daily candles
00:13:34
okay the buy entry process when in a buy
00:13:38
program Monday through Wednesday is
00:13:41
ideal buy days in New York session
00:13:43
Thursday can still be considered as a
00:13:45
long as the liquidity remains for low
00:13:49
resistance liquidity runs in other words
00:13:51
if we haven't blown out the liquidity
00:13:53
pool yet Thursday still can be
00:13:56
considered but if I were trading that
00:13:58
day day and it's rare that I do but if I
00:14:00
did my leverage would be dialed way back
00:14:04
I'd probably be doing anywhere between
00:14:05
25% to 40% of what I would normally be
00:14:09
trading in terms of Leverage simply
00:14:11
because we're so late in the week long
00:14:13
in the tooth on the Range so I wouldn't
00:14:15
be worrying about too much of a you know
00:14:18
a gang busters um result or trying to
00:14:22
get a big
00:14:24
win between 700 a.m. to 11:00 a.m. New
00:14:28
York time on a 5 minute chart we're
00:14:32
going to be looking for a retracement
00:14:34
lower against the London session
00:14:36
momentum of the day using the bullish
00:14:38
optimal trade entry pattern and keying
00:14:40
off of the 62% level notice I refined it
00:14:44
just to that level we're not looking for
00:14:46
70.5 we're not looking for 79%
00:14:48
retracement level we're looking
00:14:50
specifically right at this 62%
00:14:52
retracement level but now since we're
00:14:53
buying we're going to add five Pips for
00:14:56
the spread for
00:14:57
entry you see the example over here we
00:15:00
have our
00:15:02
low right after the 7 a.m. time
00:15:05
period the market makes an attempt to
00:15:07
rally and then we start seeing a
00:15:09
retracement soon as we start seeing a
00:15:11
retracement we run our FIB across the
00:15:14
range 62% trement level right here plus
00:15:18
five Pips that puts us in around
00:15:20
here and price runs up takes out the
00:15:24
high here and then continues to move
00:15:27
higher
00:15:32
long stop loss placement
00:15:34
process using the low between 700 a.m.
00:15:38
and 10 a.m. New York time as your
00:15:41
foundation to the long entry place your
00:15:43
protective cell stop at the low or five
00:15:47
Pips below it that's right here do not
00:15:50
move the protective stop until 20 Pips
00:15:53
has been scaled out of the
00:15:55
position move the stop higher to lock in
00:15:58
5 to 10 Pips after first scaling out or
00:16:03
Price moves above your New York session
00:16:05
initial high that means where you
00:16:07
anchored your FIB prior to the trade
00:16:10
entry if
00:16:12
prices run to your stop do not take a
00:16:16
re-entry on the
00:16:23
trade long position
00:16:26
targets take first scaling off just
00:16:28
before returning to the initial high of
00:16:31
the day or the high of the day take
00:16:34
another scaling off at Target one on
00:16:36
your FIB tool take another scaling at
00:16:40
Target Two on your FIB
00:16:42
tool if news is due out late New York
00:16:46
Post noon time again New York time leave
00:16:49
a small portion on to see if a
00:16:50
symmetrical price swing can be reached
00:16:53
if it does ever Inay hit a symmetrical
00:16:55
price swing close all the position now
00:16:58
there's going to be times where the
00:16:59
market will continuously run and you'll
00:17:02
regret having closed everything at the
00:17:03
symmetrical price swing trust me and I
00:17:06
tell you more times than not it's better
00:17:09
to do it because it usually Peters out
00:17:11
and runs out of steam only a few
00:17:15
instances out of a year you're going to
00:17:16
see how it just starts to go you know
00:17:19
kening past the symmetrical price swing
00:17:22
unless we're in something obviously you
00:17:25
know very fast Marketplace uh it's not
00:17:28
going to do that it'll usually respect
00:17:30
the symmetrical price swing at least in
00:17:32
terms of capping the daily range
00:17:34
especially if time of day overlaps like
00:17:35
London close or 2 to 3 o'clock in the
00:17:38
afternoon with bonds
00:17:43
closing okay so now we're going to
00:17:45
define the sell program shorting only
00:17:48
when the daily has taken out a swing low
00:17:50
in the last 20 days if the data range
00:17:52
and not in a
00:17:54
discount shorting can be considered at
00:17:56
equilibrium of the daily range of the
00:17:58
20-day ifto data range parabolic
00:18:01
expansion runs will be below the
00:18:03
equilibrium level of the 20-day ifto da
00:18:05
range as it targets the previous day low
00:18:09
and its liquidity pool below
00:18:12
it okay so we're looking at the example
00:18:17
here and again this say
00:18:18
cable we have that higher high in terms
00:18:21
of the bodies we're defining the last 20
00:18:23
days here okay and this is equilibrium
00:18:26
this is the lowest low and the highest
00:18:28
high so right in here this was day one
00:18:32
or Monday of this week of the
00:18:34
recording this is day one and we're
00:18:36
trading right at and it was above
00:18:39
equilibrium this level was above
00:18:41
equilibrium on Sunday before they were
00:18:43
traded there okay so you see how these
00:18:46
things start to
00:18:47
overlap we're going to anticipate a run
00:18:49
on the liquidity resting low here once
00:18:52
we start moving
00:18:53
below equilibrium and we have defined
00:18:56
where liquidity may be running
00:18:59
right
00:19:00
here price will have a
00:19:02
parabolic expansion run to get to that
00:19:06
level in other words we're going to see
00:19:07
big candles a lot of speed a lot of want
00:19:10
to get to that level right in here
00:19:14
okay there's our
00:19:16
premium and discount levels defined as
00:19:19
you've seen in the
00:19:21
mentorship anything in the red which we
00:19:24
saw defined on Sunday right in here that
00:19:27
was that op trade entry on the hourly
00:19:30
chart for cable British pound USD and we
00:19:34
can see this was day one we did have a
00:19:37
little uh a little bit of a wick there
00:19:39
and then it started the whole process of
00:19:41
moving lower this
00:19:44
week short entry process when in a sell
00:19:48
program Monday through Wednesday is
00:19:51
ideal sell days in New York session
00:19:53
Thursday can be considered as
00:19:55
short as the liquidity remains for a low
00:19:58
resistance liquidity run that means the
00:20:00
the liquidity pool has yet to be probed
00:20:03
or taken out from the daily time
00:20:06
frame between 7: a.m. and 11:00 a.m. on
00:20:11
a 5 minute chart look for a retracement
00:20:13
higher against the London session
00:20:15
momentum of the day using the bearish
00:20:17
optimal trade entry pattern and keying
00:20:19
off of the 62% retracement level minus
00:20:22
five Pips for the spread for entry so
00:20:24
again we have another example here we
00:20:27
have our initial
00:20:29
New York high today the market makes a
00:20:32
run lower retraces higher get right back
00:20:36
to the 62% retracement level but we
00:20:38
don't trade short right there we we
00:20:40
subtract whatever that 62% retra level
00:20:42
is minus five Pips from that and that's
00:20:45
what our entry price would be okay and
00:20:48
then we would look for a run lower on
00:20:52
short stop- loss placement process using
00:20:55
the high between 7:00 a.m. and 10: a.m.
00:20:57
new York time as your foundation to the
00:21:00
short entry Place protective buy stop at
00:21:03
the high or five Pips above it do not
00:21:06
move the protective stop until 20 Pips
00:21:08
has been scaled out of the position move
00:21:11
the stop loss to lock in 5 to 10 Pips
00:21:14
after first scaling out or Price moves
00:21:16
below your initial New York session low
00:21:20
after the trade
00:21:21
entry if price moves to your stop no
00:21:25
re-entry should be
00:21:26
taken okay you see the that initial high
00:21:29
of New York it trades lower and then we
00:21:32
have a retracement back to the 62%
00:21:34
retracement level that set up the
00:21:37
signal and our protective stop goes
00:21:39
right to the high of the New York
00:21:41
session or where FIB is anchored from or
00:21:44
five Pips above
00:21:50
it short position targets take first
00:21:54
scaling off just before the returning to
00:21:57
the initial low low of the day or at the
00:22:00
low of the
00:22:01
day take another scaling off at Target
00:22:04
one on your FIB tool take something off
00:22:06
at Target Two on your FIB tool and if
00:22:08
news is due out late New York at post no
00:22:11
time New York time leave a small portion
00:22:14
on to see if it's a symmetrical price
00:22:15
swing can be reached close all if this
00:22:19
level is
00:22:26
hit following the elephant
00:22:29
the days after your buy or sell program
00:22:32
begin continue to follow the same
00:22:34
protocol given here this is to be
00:22:37
continued until the daily liquidity pool
00:22:39
is reached or swept avoid trying to
00:22:42
fight the order flow on the daily chart
00:22:46
Banks and largest institutions will
00:22:48
capitalize all PD arrays that form in
00:22:50
the New York Hill Zone do not force
00:22:53
another trade if you're stopped out
00:22:55
rather wait for another day to enter if
00:22:58
the trades stop out it tends to suggest
00:23:00
momentum is weakening and it's better to
00:23:02
try another New York session all
00:23:08
together okay here's some closer looks
00:23:11
on these setups here these are from this
00:23:15
particular week of recording this is
00:23:18
again
00:23:20
cable you can see how they hit this one
00:23:22
here hit Target
00:23:25
two nice little mover here
00:23:32
another
00:23:37
example price makes a run back up into
00:23:40
optimal trade
00:23:42
entry here's your entry your stop loss
00:23:45
is
00:23:47
here nice run down symmetrical price
00:23:50
swing okay symmetrical price swing hit
00:23:53
it collapse everything it moves a little
00:23:55
bit
00:23:56
further no regrets look at the reaction
00:23:59
after that
00:24:04
though okay another example
00:24:07
here New York initial
00:24:10
High retracement 62% retracement level
00:24:14
stop losses here or five Pips above it
00:24:17
again symmetrical price swing Nails it
00:24:19
just by a little bit beyond it and then
00:24:21
we have a a deeper retracement
00:24:23
ultimately it goes lower but look at
00:24:25
that nice reaction there can't go wrong
00:24:28
taking profits like
00:24:32
that okay earlier in this model I
00:24:35
mentioned that we saw the initial
00:24:37
premium buildup from Friday's low all
00:24:40
the way up into Monday's high so this
00:24:43
would be our reference point for
00:24:45
anchoring for swing projection okay so
00:24:48
we're working inside of a higher time
00:24:50
frame for our scalps so we want to know
00:24:53
what the framework is behind it so we
00:24:56
have this low here why am I using
00:24:58
Friday's low you know why not just here
00:25:00
well we had a nice reaction there and
00:25:02
these are actually equal lows so you
00:25:04
don't really want to base anything off
00:25:05
of that you want to have a reaction
00:25:07
that's back here on Friday so we use the
00:25:09
low up to the high and that's all I'm
00:25:11
doing is anchoring right here just for
00:25:14
clarity sake so it's the high and this
00:25:17
low is here and I want you to see what
00:25:20
we end up getting we have a symmetrical
00:25:22
price swing right here now this is a
00:25:24
known price swing from Monday so as we
00:25:28
start seeing the the dive lower okay
00:25:31
like right in here we could see and
00:25:34
anticipate rather this level down here
00:25:37
based on the swing projection that's
00:25:38
used with the FIB here okay so we have a
00:25:41
symmetrical price swing down here now if
00:25:43
we know that we have that
00:25:45
model now we have that
00:25:47
level right here and the high here we
00:25:51
can now grade our swing so we have our
00:25:55
premium built up from Friday into Monday
00:25:57
our anticipated 1 hour optimal trade
00:25:59
entry on cable as given to you on Sunday
00:26:01
night the framework behind all of this
00:26:03
is here we have the beginning of the
00:26:07
trade or the range rather then we have
00:26:11
the first grade look at the reaction
00:26:13
there then we have
00:26:15
equilibrium look at
00:26:17
that and then we have the third grade
00:26:21
look at that and finally the fourth
00:26:24
grade or Terminus right in here so we
00:26:27
have all all four quadrants giving us
00:26:32
Precision in between these quadrants
00:26:36
there's going to be scalps and if it
00:26:38
lines up with your New York session it
00:26:41
further amplifies
00:26:43
and increases exponentially the
00:26:46
probabilities of your trade being
00:26:49
positive in terms of
00:26:51
results hope you found this first
00:26:55
model as a good found ation if it gives
00:26:58
you a context to work within it's really
00:27:01
simple it complements the mastering high
00:27:04
probability scalping tutorials but I've
00:27:06
given you now the mentorship side of
00:27:09
things to include with what you saw from
00:27:12
a free tutorial standpoint our next
00:27:15
model is going to be based on short-term
00:27:17
trading and we're going to be working
00:27:18
with the London open until then I wish
00:27:21
you good luck and good
00:27:24
Trading