Intraday Scalping Strategy Overview

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

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

Transcript for:Intraday Scalping Strategy Overview

Transcript for:
Intraday Scalping Strategy Overview