ICT Price Action Model #1: Inay Scalping Previous Day High and Low

Prerequisite

• Mastering High Probability Scalping Volume 1 through 3 (available on the website and YouTube channel)

Trader Profile

• Non-long-term stance: Not willing to hold long-term or overnight
• Decisive and opinionated: Makes decisions easily, prefers frequent setups
• Market surveyor: Sifts through a basket of markets daily, not aiming for large trades
• Focused on selective short-term strikes

Foundation Model

• Purpose: Acts as a basis for entering the marketplace with rule-based ideas

Pattern Setup

• Optimal Trade Entry: Focusing on the New York Kill Zone
• Previous Daily Range Raids: Primary concentration

Setup Overview

• Buying Intraday (Bullish) in NY Session: Target previous day’s high
• Shorting Intraday (Bearish) in NY Session: Target previous day’s low
• Projecting 10, 20, or 30 pips beyond previous day’s range
• 20-Day IPA Data Range: Use any previous day inside this range (ignore Sundays)

Example Analysis

• Analyzed using IPA data range to form opinions
• Recognize key lows and how they define liquidity pools
• Ignore liquidity voids when scalping

Buy Programs

Criteria

• Daily high taken out: Criteria for considering buys
• Buy at equilibrium: of 20-day IPA range
• Target previous day high and liquidity pool above

Buy Entry Process

• Ideal days: Monday-Wednesday for NY session
• Thursday considered if liquidity remains
• 7:00 a.m. to 11:00 a.m. NY time: Focus on retracements against London session momentum
• 62% retracement level (Key level)

Stop Loss Placement

• Using low between 7:00 a.m. - 10:00 a.m. NY time
• Protective stop at that low or 5 pips below
• Adjust stop after 20 pips scaled out

Long Position Targets

• Initial high of day for first scaling
• Target 1 and 2 on FIB tool
• Symmetrical price swing for final scaling (optional)

Sell Programs

Criteria

• Daily low taken out: Criteria for considering shorts
• Short at equilibrium: of 20-day IPA range
• Target previous day's low and liquidity pool below

Short Entry Process

• Ideal days: Monday-Wednesday for NY session
• Thursday considered if liquidity remains
• 7:00 a.m. to 11:00 a.m. NY time: Focus on retracements against London session momentum
• 62% retracement level (Key level)

Stop Loss Placement

• Using high between 7:00 a.m. - 10:00 a.m. NY time
• Protective stop at that high or 5 pips above

Short Position Targets

• Initial low of day for first scaling
• Target 1 and 2 on FIB tool
• Symmetrical price swing for final scaling (optional)

Following the Order Flow

• Continue protocol until daily liquidity pool is reached or swept
• Avoid forcing trades after being stopped out; wait for a better setup
• Be cautious of trading against the order flow; institutions capitalize on New York Kill Zone

Examples & Review

• Scalps based on 1-hour optimal trade entry
• Use range analysis to grade swings and define quadrants for precision trading within the New York session

Conclusion

• Model gives context to framework and complements high probability scalping tutorials
• Next model focuses on short-term trading in the London open

Good luck and good trading!