Price Action Lecture 1.0

Question 1

Why is 9-10:30am EST the best time to trade?

Answer 1

9-10:30am is Q3 of NY session
Here we can look for SSMT to from between Q3 (9-1030) and Q2 NY (730-9) to present us with a trading opportunity

Question 2

What 2 main parameters must occur in order for a SSMT to be considered valid?

Answer 2

1. Bullish SSMT must occur under a TO / Bearish SSMT must occur above a TO
2. At least 1 correlated asset must sweep while the other(s) taps into an OB or FVG

Question 3

When trading the daily cycle, what quarters would you need to analyze for a NY trade?

Answer 3

When trading the daily cycle, you’d need to analyze/compare the sessions Q2 (London) and Q3 (NY)

Question 4

When trading the NY cycle, what quarters do you need to analyze/compare?

Answer 4

For the NY cycle, you need to analyze Q2 and Q3 of the 90m cycles.
Q2 is from 7:30-9am Q3 is 9-1030am

Question 5

What increases the probability of any PD array?

Answer 5

Any PDA stacked/layered with a TO increases the probability

Question 6

How can we trade the 9-1030 window on news days?

Answer 6

-We should be looking for a confirmed SSMT confirmation being a 5m close above/below Q2s high/low AFTER the news event
-Look to enter off an IMB/OB left after CISD

Question 7

What are some negative caveats to SSMT?

Answer 7

SSMT can be canceled by a 2nd SSMT
SSMT can result in only a small pullback
SSMT can be faked it not confirmed by T.O.

Question 8

What time frame does the algorithm use for directional bias?

Answer 8

Daily time frame

Question 9

What is IPDA date range and how can we use it?

Answer 9

-This is a time measurement tool that can be used to anticipate major price swings and reversals
- cast forward 60 (to 80) trading days from last major high/low to anticipate next directional shift