IPDA X - FX Trading Plan

SESSION
Lunch - PM Session
11 - 2

Define Weekly range expansion - anatomy of the weekly candle (OHLC

or OLHC)
● What is the current higher time frame IOF? (Monthly , Weekly, Daily)
● Within the current htf range identify pdarrays that price could build
narrative around for the weekly expansion
● Where should the weekly candle draw to ?
● What Phase of a MMXM are we in
● Which side of the curve are we on

Check economic calendar - 8:15 8:30 9:45 10:00 2:30

● Identify high impact news releases .
○ If news is at 2:00 No Trade
○ If draw is met no trade (Unless a HTF level is within Proximity)

Tradable Assets
Nas100

Routine
Stage 1
● Trending Market with Obvious Daily Draw
● Coming into the NY session the daily draw of liquidity has to remain
open float
● There must be clear displacement/distribution during opening Range
9:30 - 10:30 (11)
● Define the current range
● Check to see if there is a void between 1600 - 0400 (Not a deal
breaker but adds confluence)
● Measure premium and discount
● Identify PDArrays within range
● Identify A.M session highs or lows (liquidity)
● Confirm that price liquidates a STH/STL before entry model
● Look for SMT amongst SPY
● Ensure that your not trading against orderflow
● If lunch does not liquidate an a.m session liquidity and expand then
look for P.M session liquidation of lunch liquidity
 ● If there is no rebalancing during the lunch hour and price continues to
expand into HTF liquidity anticipate P.M reversals

FILTERS
● If the a.m session has no clear direction or expansion NO TRADE DAY
● Never trade against HTF IOF
 ● Mondays that open opposite of the manipulation phase may allow
counter trend trading ONLY if there is a clear and discernable array
that price needs to trade to before a midweek reversal (best if
London consolidates and we open in a discount of the HTF range at
start of week)

Exit Plan
If price displaces and takes liquidity and closes two fair value gaps heading
back towards entry collapse half

Risk Model + Capital Preservation Model

Risk Plan
- Risk 0.33% per trade (**Prop Rule - Adjust to own liking)
- B.E at 2.5R
- Collapse 25% of position at 2R (This funds 50% of initial risk)
- Never fully close an executed position
- Only collapse half of volume if position stalls at entry ( Add back on
if price provides csd)

Capital Preservation
- 1 Loss Max Per Day
- Cut Volume by a qtr (0.27%) after two consecutive losses
- Only return to standard volume Once 2R is made back
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