🔥 TOP SECRET TRADING STRATEGY PART 2 💰 88 % PROBABILITY | Summary and Q&A

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November 21, 2022
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TheMas7er
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🔥 TOP SECRET TRADING STRATEGY PART 2 💰 88 % PROBABILITY

TL;DR

This video provides advanced insights and tips on how to use the DR concept in trading to potentially make a 23 percent profit in a single trading session, including creating a target matrix, predicting market expansion, and finding high RR trade setups.

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Questions & Answers

Q: How can you determine bias towards long or short entries using the opening and closing prices?

By comparing the opening and closing prices at specific times, such as 9:30 and 10:30, you can identify a reasonable incline or decline. A noticeable difference signals a bias towards long or short entries, while no significant difference suggests a neutral bias or maintaining the previous bias. For example, an almost 20 points difference indicates a long entry bias.

Q: How can Fibonacci retracement and standard deviations be used in creating target projections?

Fibonacci retracement and standard deviations can be combined to establish target projections for trading sessions. By taking a Fibonacci retracement from the IDR low to the IDR high with 0.5 steps standard deviation to the upside and downside, accurate target projections can be determined. These projections assist in defining entry points and exit strategies, increasing the chances of profitable trades.

Q: What role do IDR levels play in trade entry decisions?

IDR levels become crucial after the DR is finished as they indicate potential reaction points for trade entries. By observing price action around IDR levels that align with the bias, traders can consider entering a trade. For example, if a long bias is present and there is a reaction at the low IDR level, it signals a high probability of rising prices and provides an opportunity for a long trade entry.

Q: How can the DR concept be applied in the overnight trading session?

The DR concept and its associated probabilities continue to apply in the overnight trading session. It is expected that there will be no close below the DR low, and price action is more likely to expand to the upside. Additionally, there is another DR called ODR (Overnight DR) from 3:00 to 4:00 am New York time that sets parameters for the European trading session. Traders can use this information to identify high probability trade setups.

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Summary & Key Takeaways

  • The video presents advanced tips for using the DR (Daily Range) concept in trading to increase profitability.

  • Tip 1: Compare the opening and closing prices at specific times to determine bias towards long or short entries.

  • Tip 2: Use Fibonacci retracement and standard deviations to create target projections for trading sessions.

  • Tip 3: Pay attention to IDR (Intraday Range) levels after the DR is finished to identify trade entry opportunities.

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