PA Model-5 - Session Trading Model
PA Model-5 - Session Trading Model
PA Model-5 - Session Trading Model
model ]
Before getting into the model lets take a look at the Trader profile & Basic outlook
of the model
This model is going to be dealing with the stage being HTF liquidity draws.
That means we're going to be focusing on a directional bias
The pattern we're using is session swings with the utilization of P03
You can use whatever entry pattern you need to imply for this model as this
model is build on logic
Draw on liquidity :-
Now the candle here depicts a session candle / daily candle. All we are doing
is to capitalise on the session move of LOKZ , NYOKZ
Our DOL focus for this model is based on daily RJB , LQ Pools , EQH/L
❓ Which range should be used for projecting the deviations for day trading
At first we would be looking at the CBDR for the following characteristics
If CBDR is not ideal for projections we would be looking at the Asian range
📢 Always use 15 min tf for projecting these ranges & incorporate both
wicks & bodies for the ranges
As we learned on the Month 5 of the Core content , higher gold prices would
inversely affect the USDCAD that's the main reason why he come up with the bias
of bearish USDCAD
❓As our bias is bearish where is price most likely to be drawn into ?
Looking at the HTF charts to find out next possible DOL
He is expecting price to be drawn into that weekly RJB by considering the PDA
matrix taught on the Core content coz that's the only thing left for price to be
drawn into
Take a look at the PDA Matrix ,
Eventually we have seen price to be drawn into that weekly RJB level
Entry pattern :-
Now the entry pattern for this model is based on the FVG. There is even specific
criteria for selecting the FVG to Short / Long
That’s
💎 When bearish the high probability FVG forms below the 50% range of
the previous day range & vice versa
We would be using that high probability FVG’s to enter at LOKZ & NYOKZ by
doing IOFED & application of P03
Now we would be using the standard deviations coupled with PDA’s to find out
the targets & also we would be looking for at least 40 pips as our 1st target
Look at that day which cursor has placed , we have a FVG there which is basically
under the 50% range of yesterdays daily range
We would be entered on that FVG on NYOKZ as per our model criteria
💎 LCKZ & NCKZ is more likely to be used to position for long term entries
💎 Stop runs usually happens with 10-40 pips range anything beyond that is
something else
Trade Plan :-
1. Preparation - It's usually when patience is being applied , & what are you
basically waiting for, what are you doing with your time ?
3. Trade planning - Once you understand the framework that you're looking
at , you are going to trade your plan
4. Trade execution - Once you have your opportunity & you've prepared &
you've planned the trade framework, then you want to execute on the
trade
5. Trade management - Where do I put my stop & when should I take profits ?
Now you don't have to thoroughly follow these trading plan , you can alter this for
yourself with this 5 stages for trading plan but don't make it complicated , make it
short & simple
Preparation :-
Now as this is a “session trading model” you have to only care about the last 20
days IPDA Data ranges nothing more than that
Looking for the next DOL inside the dealing range we are working at
Now the model itself is really designed to take this trade on any particular day. On
this trade plan, I'm filtering out Mondays and I'm filtering out Fridays. So it allows
us to give us an opportunity for trading on Tuesday, Wednesday and or Thursday.
Now Thursday for your notes, that day is a wild card. If you have a large range day
on Tuesday and a large range day on Wednesday that worked out in your favor,
don't take the trade on Thursday because you're most likely going to get some
kind of consolidation or retracement. If you have a small range but win on Tuesday
and a large range on Wednesday, then you can take the trade on Thursday
because it probably has a little bit more room to trade.
Trade management :-
Money Management
Practice…
Example -1
Looking for which ranges should be projected
As mentioned on the 2 nd episode of the PA Model-5 we are looking for which
range should be used for doing projections
CBDR failed the protocol & Asian range passed the protocol so gonna elect that
range for projections here
Look at how exactly it plotted the low of the day with less than 5 pips variance
from that level
Example -2
look how confluence of SD with less than 5pips variance plotted day high here for
the 2nd day
This is happening on the LOKZ which is the time aspect
Example -3
Look at the chart & understand each price levels its just the IPDA Data ranges &
basic price action
Daily chart
Here if we are taking any short setups our intraday target would be that daily low & long-term
targets would be that equal lows above that BISI or that BISI
We are expecting price to be traded into red area. Its the same daily low shown on the daily chart
Intraday entry
As you can see the convergence of that 3 projection held the daily low well & also
try to incorporate the PDA’s for much more precision