Lecture Notes: Trading PM Session

Introduction

• Back in Puerto Rico with a better camera after Hawaii.
• Focus on teaching bombass trading skills.
• Aim to upload daily, similar to boot camp and trading transformation series.
• New content possibly adding to existing knowledge from boot camps.

PM Session Trading Strategy

• Times to trade: Best from 2 to 3 PM (possible expansion from 1:30 to 3 PM).
• Optimal for those in PST as an alternative to early morning trading.
• Similar approach to AM session but on lower time frames.

Strategy Overview

• Key Timeframes:
  • Lower time frame liquidity sweep (15 min and 5 min used like 4-hour and 1-hour respectively).
  • Execution on 1-minute time frame.
• Confluences and Trends: (On 15 min and 5 min):
  • 15 min for overall trend and direction.
  • 5 min to identify liquidity draws.

Identifying Trade Setups

• 15 Minute Chart:

  • Look for liquidity sweeps and break of structure.
  • Example: Previous Hawaii trade showing liquidity sweep and break of structure.
  • Highlight areas like order blocks, fair value gaps for potential entries.

• Execution on 1-Minute Chart:

  • Wait for break of structure on 1-minute time frame.
  • Look for confluences like fair value gaps, order blocks, breakers.
  • Example: Trades with clear confluences leading to successful long positions.

Examples & Backtesting

• Trade Recaps and Backtests:
  • Multiple examples with clear steps on executing trades based on PM strategy using charts from previous days.
  • Emphasis on identifying trends, liquidity sweeps, and using confluence.
  • Recaps show both winning and losing trades to illustrate strategy's effectiveness.

Notable Points

1. 15-Minute Trend: Use it for overall trend direction.
2. Liquidity Sweeps: Identify 5 min / 15 min liquidity sweeps before moving to lower time frames.
3. Confluences: Look for 5 min/1 min confluences to bolster trade entries.
4. Trade Execution: Perform trade entries on 1-minute chart after setting up with higher time frame analysis.

Observations from Hawaii Trading

• PM Session Trading Insights:

  • Not preferred when AM session available due to movement speed and clarity.
  • Typically AM session makes big moves, PM session follows through.
  • Tip: PM session may target AM session's extreme lows and highs.

• Personal Trading Practices: (In Hawaii)

  • Used one take profit to minimize management during slower PM session.
  • Preference for AM session due to more significant price movements.

Conclusion

• PM session trading effective in specific time zones and situations (e.g., PST, Hawaii).
• Flexible strategy can be adapted if AM session trade is missed.
• Opened up more Mastermind spots for deeper engagement and learning.

Wrap-Up: Trading transformation continues—aiming to elevate trading skills for all participants. Join Mastermind for further education.