IC Internship 50 to 75 Pips per Week Model #9: One Shot, One Kill

Introduction

• Model aims to achieve 50 to 75 pips per week
• Real-world example included from week ending December 4, 2020
• Example and execution available on YouTube

Trade Plan Stages

Preparation

• Note medium/high impact market events
• Study upcoming week's events
• Consider weekly profile and market structure
• Analyze 20-week IPA (Institutional Price Action) data range
  • Note highest high and lowest low in past 20 weeks
  • Determine the current dealing range

Opportunity Discovery

• Identify next draw in liquidity (old lows/highs)
• Look for PD arrays in weekly range bias direction
• Wait for volatility injection from economic calendar events
• Focus on low resistance liquidity run conditions

Trade Planning

• For bearish setups:
  • Short premium buy-side liquidity pools during volatility injections
• For bullish setups:
  • Buy discount sell-side liquidity pools during volatility injections

Trade Execution

• Bearish:
  • 15-minute chart optimal trade entry during London/New York open kill zones
  • Short after a buy-stop raid
• Bullish:
  • 15-minute chart optimal trade entry during London/New York open kill zones
  • Long after a sell-stop raid

Trade Management

• For short trades:
  • Use market orders in demo account with PD array convergence and kill zone
  • Place limit order to take 50 pips or manage the trade with partials
• For long trades:
  • Similar strategy as for shorts with buy market orders
• Stop-Loss Management:
  • Reduce stop loss by 25% at 50% profit and to break-even at 75% profit

Money Management

• Position size calculation formula:
  • Position Size = Account Equity * R% / Stop-Loss (in pips)
• Example calculations provided for different equity sizes and risk percentages
• Adjust risk if a loss is taken and reduce risk temporarily
• If five wins in a row, reduce risk by 50% for equity leveling

Real-Time Example: Euro Dollar

• Bullish bias on EUR/USD, bearish on USD
• Weekly range highlighted on December 1, 2020
• Anticipated expansion based on economic calendar
• 50 to 75 pips target, focus on a 50 pip move
• Execution details and chart analysis available on YouTube

Model Discussion

• Preference for waiting until Tuesday trading
• 70% of the time, Tuesday makes the high/low of the week
• Look for weekly range expansion and optimal trade entries
• Combine Model #8 and #9 for better results

Additional Tips

• Realize the importance of waiting for correct setups
• Use of economic calendar and price action for entries
• Manage emotions and avoid rushing trades
• Ensure you have watched all relevant content and built experience before using advanced strategies like pyramiding
• Always consider risk management

Conclusion

• Consistent strategy focusing on weekly range and volatility injections
• Use logical exits and maintain sound risk management
• Practice builds experience and success

For further details, refer to the YouTube recordings mentioned.