Foundation Presentation
Supplementary Lesson
Trade Plan
Algorithmic Theory
Notes
- The Session Day Trading model focuses on finding setups during the London Open Kill Zone and New York Open Kill Zone. The Asian session can be used, but results are typically less effective.
- The strategy can be used on any day. However, Michael prefers Mondays, Tuesdays, and Wednesdays.
- The trading days with the highest probability are Tuesday and Wednesday, with potential trades extending into Thursday.
- It aims for 40 to 50 Pips per setup.
- We trade movements within individual sessions (e.g., London or New York) rather than trying to capture the entire daily or weekly range.
- The model supports various entry techniques, including Optimal Trade Entry (OTE), Turtle Soup, Fair Value Gaps, Order Blocks, Breakers or entry above or below open price (Power Of Three).
- The model encourages taking profits within the session, avoiding the risk of reversals, and not holding trades too long.
Session Day Trading - Process
Session Day Trading - Intraday Volatility Expansions
Session Day Trading - The Logic
Session Day Trading - The Logic 2
Session Day Trading - The CBDR Count
Session Day Trading - The Asian Range Count
Session Day Trading - The Flout Count
Session Day Trading - The PD And Intraday Open Float
Session Day Trading - Confluences Of Open Float, Time And Standard Deviation Expansions
Session Day Trading - GBPUSD Example
Session Day Trading - Dollar Index
Session Day Trading - GBPUSD 15-Minute Chart
Session Day Trading - GBPUSD CBDR
Session Day Trading - GBPUSD Asian Range
Session Day Trading - GBPUSD Flout
Session Day Trading - GBPUSD Flout 2
Session Day Trading - GBPUSD Blending Liquidity Markers With TOD And STDIV Expansions
Session Day Trading - USDCAD Weekly Chart
Session Day Trading - USDCAD Daily Chart
Session Day Trading - Tradable FVGs
Session Day Trading - USDCAD 5-Minute Chart
Session Day Trading - Trade Process
Preparation - Medium And High-Impact Events
Preparation - IPDA Data Range
Preparation - PDH And PDL
Preparation - PD Arrays
Opportunity Discovery - Daily Range Expansion
Trade Planning - Shorting Premium FVGs And Buying Discount FVGs
Trade Planning - Bearish Conditions
Trade Planning - Bullish Conditions
Trade Planning - Bearish Targets
Trade Planning - Bullish Targets
Trade Executions - Bullish Conditions
Trade Executions - Bearish Conditions
Short Trade Management - Trade Entry
Short Trade Management - Trade Exit
Short Trade Management - Stop Loss
Long Trade Management - Trade Entry
Long Trade Management - Trade Exit
Long Trade Management - Stop Loss
Stop Loss Management
Money Management - Position Size Calculation Formula
Money Management - Micro Lots Example
Money Management - Mini Lots Example
Money Management - Standard Lots Example
Money Management - Reducing Risk After Loss
Money Management - Reducing Risk After Winning Streak
Backtesting
EURUSD Example - CBDR, Asian Range, And Flout
US Dollar Index Example - IPDA Ranges And Important Levels
US Dollar Index Example
GBPUSD Standard Deviations Example
AUDUSD Trade Example - Daily Chart
AUDUSD Trade Example - 15-Minute Chart
Next lesson: ICT Price Action Model 6 - Universal Trading Model
Previous lesson: ICT Price Action Model 4 - Position Trading