Price Action Model # 1
Price Action Model # 1 (15 to 20 Pips per Trade) Preparation: a) Economic Calendar: Regularly check the Economic Calendar for upcoming news events that may impact the market. b) IPDA Data Range : Determine the IPDA Data Range of the last 20 Trading Days. (Exclusive Sunday). Mark the Highest High and Lowest Low in past 20 trading days. c) Liquidity Draw: Inside the dealing range analyze for potential next draw on liquidity. Identify whether the price is reaching for a liquidity pool or seeking to rebalance at a specific PD Array. This assessment forms the basis for bias determination. d) Bias Anticipation: Anticipate price to move to a PD Array that would support our Bias on a day and Economic Event, found on the Economic Calendar with the current or next Trading week. This is what we wait for. This can eith...