ICT Charter Price Action Model 1

Summary

This video introduces the first of 12 intraday scalping models focused on trading around previous day's high and low. It emphasizes using the Optimal Trade Entry pattern during the New York session, targeting price movements based on the last 20 days' range. The tutorial covers both buy and sell programs, detailing entry points, stop-loss placements, and scaling out strategies. The aim is to help traders with a short-term focus engage in rule-based trading, enhancing their decision-making and trading efficiency.

Takeaways

• 📈 The script introduces the first of 12 price action models designed for intraday scalping, focusing on the New York trading session and aiming for short-term profits.
• 🎓 It is a prerequisite to have watched the 'Mastering High Probability Scalping' tutorials before engaging with this model.
• 🤔 The model assumes a hypothetical trader profile who prefers frequent setups, is not willing to hold long-term positions, and likes to limit focus to short-term trades.
• 📊 The model uses the 20-day intraday price action (IPA) data range to define the premium and discount levels for trade entry points.
• 💡 Traders are advised to buy during bullish optimal trade entries in the New York session, anticipating a rally to the previous day's high, and to short during bearish entries, anticipating a decline to the previous day's low.
• 📉 The script emphasizes the importance of not being confused by the term 'previous day'; it refers to any day within the last 20 days of the IPA data range, not just the calendar day before.
• 🚫 It is crucial to avoid forcing trades if stopped out and to wait for another opportunity in the New York session, as it may indicate weakening momentum.
• 📍 The model suggests using a 62% Fibonacci retracement level plus or minus five pips for entry and stop-loss placement, depending on whether it's a buy or sell program.
• 🔄 The script details a process for scaling out of positions, locking in profits, and adjusting stop-losses as the trade progresses.
• 📉 On the sell side, the model focuses on shorting when the daily range has taken out a swing low within the last 20 days and is not in a discount.
• 📈 On the buy side, the model focuses on buying when the daily range has taken out a swing high within the last 20 days and is not in a premium.
• 🌐 The script provides examples and explanations of how price movements and patterns can be analyzed and traded within the context of the model.

Q & A

What is the main focus of the first price action model discussed in the script?

The first price action model focuses on intraday scalping, specifically dealing with the previous day's high and low, and is designed for traders who prefer frequent setups and are not willing to hold long-term or overnight positions.

What prerequisite knowledge is assumed for this tutorial?

The tutorial assumes that viewers have already watched the 'Mastering High Probability Scalping Volume 1 through 3' tutorials, which were made public and are available for free on the instructor's website and YouTube channel.

What is the trader profile used for this model like?

The trader profile for this model is hypothetical and is characterized by someone who is opinionated, prefers frequent setups, has a basket of markets to sift through, and likes to limit their focus to select short-term strikes. They are not interested in long-term or overnight trades.

How does the model define the 'previous day' in the context of trading?

In this model, 'previous day' is not limited to the calendar day before the current trading day but refers to any previous day within the current 20-day intraday price action (IPA) data range.

What is the significance of the 20-day IPA data range in this model?

The 20-day IPA data range is used to form a basis for identifying key support and resistance levels, as well as to define the liquidity pool and potential trade entry points based on previous daily ranges.

What is the optimal trade entry pattern used in the New York Kill Zone?

The optimal trade entry pattern involves buying intraday during the New York session bullish optimal trade entries while anticipating a rally to the previous day's high, and shorting during bearish optimal trade entries while anticipating a decline to the previous day's low.

What is the significance of the 62% retracement level in the buy entry process?

The 62% retracement level is used as a key level to identify potential buy entry points. Traders add five pips to this level for entry to account for the spread, aiming for a retracement lower against the London session momentum.

How should a trader manage their stop loss in this model?

The stop loss should be placed at the low between 7:00 a.m. and 10:00 a.m. New York time for long positions, or at the high for short positions, with adjustments made only after 20 pips have been scaled out of the position or when the price moves past certain thresholds.

What is the recommended approach for taking profit in this model?

Profits should be taken in stages, with the first scaling off just before returning to the initial high or low of the day, and further scaling off at target one and two on the Fibonacci tool. If a symmetrical price swing is reached, especially with news due out late in the New York session, all positions should be closed.

How should a trader adjust their strategy if they are stopped out of a trade?

If a trade is stopped out, it suggests that momentum is weakening, and it is better to wait for another day to enter rather than forcing another trade. The daily liquidity pool should not be fought against, as banks and large institutions will capitalize on all PD arrays formed in the New York session.

What is the importance of the 'symmetrical price swing' concept in this model?

The symmetrical price swing is a key concept used to identify potential reversal points in the market. It helps traders to anticipate and capitalize on price movements that mirror previous swings within the defined time frame.

Outlines

00:00

📈 Introduction to Intraday Scalping Model

This paragraph introduces the first of 12 price action models focused on intraday scalping. It emphasizes the importance of having watched the 'Mastering High Probability Scalping' tutorials as a prerequisite. The model is tailored for traders who prefer short-term setups and are not keen on holding positions overnight. It outlines the trader profile, including their trading preferences and psychological traits, and suggests that this model serves as a foundational strategy to be built upon rather than a complete trading system. The tutorial also hints at the importance of the New York Kill Zone for optimal trade entries and exits, focusing on the previous day's high and low within the last 20-day range.

05:00

📊 Understanding Price Action and Liquidity Pools

The second paragraph delves into the specifics of identifying previous daily ranges (PD arrays) within the last 20-day range, which forms the basis for potential trade setups. It clarifies that the PD arrays are not just the high and low of the previous day but any significant swing high or low within the 20-day range. The paragraph discusses the importance of liquidity pools resting below these lows and how they can indicate potential price movements. It also explains the concept of premium and discount levels in relation to these PD arrays and how they can be used to identify trade opportunities, particularly focusing on the bearish order block and the liquidity pool below the lows.

10:01

📉 Analyzing Price Behavior on the Hourly Chart

This paragraph discusses the analysis of price behavior on an hourly chart, showing how price gravitates towards and moves just below significant price levels, which are identified as previous day lows (PDL) within the last 20-day range. It highlights the importance of understanding these levels for informed trading, as retail and pseudo-professional traders may not be aware of them. The paragraph also provides examples of how the price sought liquidity below these levels and how the analysis was shared on a forum, emphasizing the use of these levels for potential trade entries and exits.

15:02

🛑 Defining Buy and Sell Programs in Scalping

The fourth paragraph outlines the criteria for defining buy and sell programs in the context of scalping. It explains that a buy program is initiated when the daily price has taken out a swing high within the last 20-day range, not in a premium, and buying can be considered at equilibrium or when parabolic expansion runs are above the equilibrium level. For sell programs, shorting is considered when the daily price has taken out a swing low within the same range, not in a discount, and when runs are below the equilibrium level. The paragraph also provides specific guidelines for entry and stop-loss placement for both buy and sell programs, emphasizing the importance of not re-entering a trade if stopped out and waiting for another opportunity.

20:04

🔢 Entry and Exit Strategies for Scalping Trades

This paragraph provides detailed strategies for entering and exiting scalping trades, focusing on the use of the 62% retracement level and adjusting entries by adding or subtracting five pips for spread. It explains the process for both long and short positions, including the ideal days for trading (Monday to Wednesday) and how to adjust leverage towards the end of the week. The paragraph also describes the stop-loss placement process and the strategy for scaling out of positions to lock in profits, as well as the importance of closing positions when a symmetrical price swing is reached, especially in the context of news releases.

25:04

📉 Post-Trade Analysis and Swing Projection

The final paragraph wraps up the discussion by emphasizing the importance of post-trade analysis and the use of swing projections for grading price movements. It illustrates how to use the framework of a higher time frame to understand the context behind scalping trades and how to anticipate price reactions based on previous price swings. The paragraph concludes by reinforcing the simplicity and foundational nature of the model, encouraging traders to use it as a starting point for their trading strategies and to look forward to the next model focused on short-term trading.

Keywords

💡Intraday Scalping

Intraday scalping refers to a trading strategy where traders make numerous trades within a single trading day, aiming to profit from small price movements. In the context of the video, the focus is on the first of 12 price action models specifically dealing with intraday scalping, which involves making quick trades during the trading day without holding positions overnight.

💡Price Action

Price action is a technical analysis approach that relies on the interpretation of price movement data on charts, excluding the use of indicators. The video discusses the first of 12 price action models, which are strategies based on the study of price movements to make trading decisions, particularly for intraday scalping.

💡Previous Day High and Low

This term refers to the highest and lowest prices that an asset reached in the previous trading day. In the video, the model uses the previous day's high and low as reference points for setting up trades, aiming to anticipate price movements that may revisit these levels.

💡Trader Profile

A trader profile outlines the hypothetical characteristics, preferences, and behaviors of a trader. The video describes a trader profile for the model, which includes a preference for frequent setups, a willingness to make quick decisions, and a focus on short-term trades rather than long-term positions.

💡Liquidity Pool

In trading, a liquidity pool represents the available funds or assets that can be quickly bought or sold in the market without affecting the asset's price. The script discusses how the model considers the liquidity pool resting below certain price levels, which traders anticipate to be drawn upon in their trading strategies.

💡20-Day IPA Data Range

This term refers to the range of price data from the past 20 trading days, which is used to analyze and anticipate future price movements. The video script mentions using the 20-day IPA (Intraday Price Action) data range to form an opinion about potential trading opportunities and to define the context for the price action model.

💡Optimal Trade Entry

Optimal trade entry refers to the most favorable conditions or price levels at which to enter a trade. The video describes a setup for optimal trade entry during the New York trading session, aiming to capitalize on the price movements within the defined daily range.

💡Rejection Block

A rejection block in price action trading is a price level that the market has previously failed to move beyond, indicating a potential resistance or support level. The script uses the concept of a rejection block to illustrate how price movements can be analyzed for trading decisions.

💡Parabolic Expansion

Parabolic expansion refers to a rapid and significant increase or decrease in price, often characterized by large candles on a price chart. The video mentions parabolic expansion runs, which are used to identify potential entry points for trades based on the expectation of continued price movement in that direction.

💡Symmetric Price Swing

A symmetric price swing is a situation where the price moves in a pattern that mirrors a previous move, often used to anticipate reversal points. The script discusses the concept of a symmetrical price swing as a potential target for closing trades, indicating a possible end to the current price movement.

💡FIB Tool

The FIB tool refers to the Fibonacci retracement tool, which traders use to identify potential support and resistance levels based on the Fibonacci sequence. In the video, the FIB tool is mentioned as a key part of the trading strategy, used to determine entry and exit points for trades.

Highlights

Introduction to the first of 12 price action models focusing on intraday scalping.

The prerequisite of having watched the 'Mastering High Probability Scalping' volumes 1 through 3.

Description of the hypothetical trader profile used for the model, including their trading preferences and personality traits.

The model is not a replacement for existing knowledge but a foundation to build upon.

The importance of understanding patterns and setups from the 'High Probability Scalping' series for this model.

Explanation of the optimal trade entry in the New York Kill Zone focusing on previous daily range raids.

The concept of buying intraday bullish optimal trade entries anticipating a rally to the previous day's high.

Shorting intraday bearish optimal trade entries anticipating a decline to the previous day's low.

The definition of 'previous day' in the context of the model, referring to any day within the current 20-day range.

The method of identifying liquidity pools and their importance in the trading strategy.

The role of rejection blocks and turtle suit reversal patterns in the analysis of price movements.

The process of defining buy and sell programs based on the 20-day intraday price range and market conditions.

Guidelines for the buy entry process, including ideal days and time frames for entry.

Stop loss placement strategy for long positions and conditions for moving the stop to lock in profits.

Targeting and scaling out of positions using Fibonacci tools and specific price levels.

The sell entry process, including retracement analysis and entry points based on the 62% retracement level.

Stop loss placement for short positions and conditions for scaling out and locking in profits.

The importance of not forcing trades and waiting for the right conditions in the New York session.

The use of higher time frames for scalping and how to anchor swings for projection.

The grading of price swings using the framework of the premium built-up and the subsequent reaction.

Final thoughts on the model's simplicity and its role as a foundation for further trading strategies.

Transcripts

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