Price Action Trading Strategies Overview

Oct 12, 2024

Lecture on Price Action Model Number Nine

Introduction

  • Focus on a "one shot, one kill" trading model
  • Aimed at achieving 50 to 75 pips per week consistently
  • Emphasis on managing expectations and accepting losses in trading

Key Concepts

Price is Fractal

  • Weekly range expansion model
  • Build directional bias using institutional order flow
  • Use weekly charts to determine direction (upside or downside)
  • Monthly charts can provide additional insights

Top-Down Analysis

  • Breakdown and top-down analysis from monthly content
  • Shared trades are based on these methods
  • Importance of self-analysis using mentorship knowledge

Trading Strategy

Weekly Range Expansion

  • Focus on day of the week: Monday, Tuesday, and Wednesday
  • Look for the weekly high or low to form
  • Pattern involves inefficiencies, liquidity voids, and fair value gaps

Liquidity Concepts

  • External range liquidity: double top highs and double bottom lows
  • Internal range liquidity: fair value gaps, liquidity voids, order blocks
  • Internal range entries often lead to external range liquidity and vice versa

Trade Management

Entry and Exit Strategies

  • Use internal range for entries and external range for exits
  • Alternatively, external range for entries and internal range for exits

Handling Different Trading Styles

  • Flexibility in trading style: scalp, day trade, swing trade, or position trade
  • Importance of understanding all models for comprehensive market engagement

Practical Applications

Analyzing Charts

  • Consistent analysis approach every week
  • Determininig weekly direction using institutional order flow
  • Analyzing using concepts of internal and external range liquidity

Using Multi-Approach Models

  • Different models provide various strategies to mitigate losses
  • Adaptation and flexibility in approach during different market conditions
  • Importance of understanding all models for effective trade management

Conclusion

  • The lecture emphasizes comprehensive understanding of trading models
  • Encourages wide study and practical application of concepts
  • The importance of continuous learning and adaptation to market changes