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Short-Term Trading Techniques and Insights
Oct 13, 2024
Lesson 4: Short-Term Trading - Blending IPTA Data Ranges and PD Arrays for Liquidity Runs
Key Concepts
IPTA Data Ranges
: Refers to time, looking back at the last 20, 40, and 60 days.
PD Arrays
: Refer to price, dealing with different price structures like breakers, order blocks, and more.
Blending Time and Price
: Combining IPTA data ranges and PD arrays to predict market movements.
IPTA Data Ranges
Time Context
: Use the last 20, 40, and 60 days as a reference.
Each new day, the range shifts forward.
Interbank Price Delivery Algorithm
: Uses data arrays from these periods to make decisions.
PD Arrays
Premium Market
: When prices are high.
Look for bearish elements: mitigation blocks, breakers, voids, order blocks, rejection blocks.
Discount Market
: When prices are low.
Look for bullish elements: same as above but bullish.
Trading Strategy
20/40/60-Day Look Back
: Check these periods for PD arrays.
Identify premium and discount PD arrays.
Use these arrays to predict market resistance and support levels.
Hierarchy
: Follow the order of PD arrays to determine market movements.
Practical Example: Australian Dollar
Chart Analysis
: Daily and 4-hour charts used.
Identify Highs and Lows
: Define range by highest highs and lowest lows.
Premium/Discount in Charts
: Define areas where market resistance or supports will occur.
Example Breakdown
20-Day Look Back
:
Identify PD arrays above (premium) and below (discount) current price.
Look at old highs and lows, order blocks, and other PD arrays.
4-Hour Chart Analysis
:
Details on how price moves from one PD array to another.
Use the failure of highs or lows to pivot strategy (e.g., bullish to bearish).
Lessons Learned
Adaptability
: Market analysis might be wrong; adjust strategies accordingly.
Blending Time and Price
: Helps predict and navigate market moves effectively.
Market Maker Manipulation Templates
: Use these for insights into market setups.
Conclusion
Insights and Adaptations
: Combining IPTA data ranges with PD arrays offers deeper market understanding.
Future Applications
: Will build on these foundations in further lessons.
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