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Bearish Principles For Day Trading

1) The document provides bearish principles for day trading in the London and New York sessions. 2) For London sessions, it suggests looking for opportunities when price is above the New York midnight open but has not reached the high of the Asian range. 3) For New York sessions, it recommends searching for setups when price rises above the London range and previous daily highs or weekly highs, anticipating a drop in price and opportunities near fair value gaps.

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65 views1 page

Bearish Principles For Day Trading

1) The document provides bearish principles for day trading in the London and New York sessions. 2) For London sessions, it suggests looking for opportunities when price is above the New York midnight open but has not reached the high of the Asian range. 3) For New York sessions, it recommends searching for setups when price rises above the London range and previous daily highs or weekly highs, anticipating a drop in price and opportunities near fair value gaps.

Uploaded by

Kotaexclusive
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Bearish Principles for Day Trading

a) Therefore, DXY UP = Risk off


b) Stocks, indices & commodities likely to be bearish
c) Suggests Price is pushing Down Long term (Weekly Chart MACD histogram, 9 period MA)
d) If Open interest is rising; current trend has sponsorship to continue

London Open Session Only; Short Trading Model Criteria – Bearish Bias on Daily (9 +
18ema)

What do I like to see for Bearish days in London Session? (only Pound crosses here; GA, GN, GC, GJ) Cable in Premium = SELL

▪ Study where does London open in relation to the (faint Green Asia range < 40) created before LDN session. Any pair. M5 chart.

Note Tuesday LDN Open ; after top-down/intermarket analysis; HTF Premium/Discount arrays; IPDA 70day/20day EQs

Trade Idea 1; Price above NY midnight open but HAS NOT taken Asian Range High

▪ Price (5-15min charts) Intraday Analysis; Checklist • When to Avoid London Session?
a) Price is ABOVE NY midnight open
b) Seller stop raid; Price took out 15min BSL within the Asian Range a) After large range day greater
c) Price in PREMIUM of the current 15min range / check 20 day range EQ than 2 times 5-day ADR
d) Optional – price filled 15min FVG above BSL b) After 3 consecutive up closes
c) Inbound FOMC (Federal Open
Market Committee) red news
▪ Price (1,2,3,4min) LTF Entry Checklist
event = whipsaw price action /
1) Break of Market Structure present (BMS) NFP
2) Displacement down with 2min FVG left behind d) Long weekend
3) 2min micro BSL sweep e) CBDR greater than > 50 Pips;
4) Entry on retracement of 2min pass on LDN
FVG (2022 ICT sell model) f) Asian Session Range greater than
5) SL above swing high of 2min OB > 40 Pips; delayed protraction

Draw fibs from standard deviations of


SL to BE; let winners run. CBDR < 50 and Asian Range < 40

New York open session only; Short Trading Model Criteria – BEARISH Bias on D1, after top-down analysis marked HTF PD arrays

What do I like to see for Bearish days in NY Session? (only DXY Pairs; Sell = EU, GU, AU, XAU, XAG / Buy = UJ, UC, usdzar)

1. Price (15min) Intraday Analysis; Checklist

a) Price rise ABOVE Asian Range


b) Liquidity taken to pair orders SMT DXY (seller stop raid)
c) Rule #1. All order-block candidates must raid a high. (In anticipation of internal liquidity sweep)
d) Coming into PREMIUM off previous Daily Range
e) (62%-80% Fibonacci OTE Levels) – use institutional levels with round numbers to make fibs more accurate
f) Look for TP under old lows (buyer stops) Target 1; -23% and Target 2; -62% (-100 symmetrical swing)
g) Filling FVGS -Liquidity voids from Previous day
1. Consistency risk sizing (0.25% - 1%)
h) RISE ABOVE Previous daily high or PWH
2. Low margin usage
▪ Study where does NY open in relation to the (Blue London) range created before NY session. Any pair. M5 chart.
3. Avoiding high volatility times like (red) news
• London confirms with BEARISH price action
• 7-9am EST time, we hunt NY Shorts
• London leaves behind the HIGH of the Day (HOTD)
• After 7am EST NY open market will rise above midnight NY open
• Breaker / FVG left behind from London push down (Potential Entry points)
• Look for retracement entry from Swing High
• Draw on liquidity; FVG / Buyer stops under low that is still intact, not yet tagged
• Scout for Market Maker SELL Models
• Anticipate 5min OTE entry to form during NY; pull fib from institutional levels

Sp500/US30/Nas100 Sell Model

Previous Weekly Highs (PWH) / PDH / Previous Session Highs

A. Present Weekly/Daily candle is set to expand lower; we hunt for shorts


B. Wait for market to reprice ABOVE previous weekly high / PDH / Previous Session High What are my main entry techniques?
C. Move to 5min timeframe for setup confirmation
D. Sell ABOVE session HIGH = expecting to see raid of buy side liquidity (seller stops) a) Buying up Sellers Stops (+ Bullish OB)
E. If we then see a displacement Lower in price; we examine the displacement swing for an FVG b) Selling the buy stops (- Bearish OB)
F. Drop into lower timeframe (4min to 1min) to refine entry and select FVG that permits no more than 4-point SL c) Trading the Breaker + Fair Value Gap (FVG)
d) OTE + D1 Order blocks + FVG
AMD - Accumulation, Manipulation, Distribution e) 1; 2; 3+ Risk Reward Ratio is key

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