πŸ”₯ TOP SECRET TRADING STRATEGY PART 3 πŸ’° 88 % PROBABILITY | Summary and Q&A

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December 11, 2022
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πŸ”₯ TOP SECRET TRADING STRATEGY PART 3 πŸ’° 88 % PROBABILITY

TL;DR

Learn about the DR/IDR model for intraday trading, including its time ranges, rulesets, and probabilities for various assets.

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Key Insights

  • ❓ The DR/IDR model provides statistical evidence supporting its effectiveness over a 12-year period, surpassing the probability of trading against the DR bias.
  • 🎯 The model offers a clear edge in identifying price action ranges during DR sessions, ensuring safe stop-loss placement and target placement based on standard deviation targets.
  • πŸͺ˜ Monday ODR false days are more likely for short confirmations, while long confirmations have a higher probability. Long confirmations also have an edge in Wednesday's ODR and RDR sessions.
  • πŸ™ƒ False days generally result in larger down moves compared to upside moves in terms of standard deviation.
  • βœ‹ Monday and Friday have the highest probability for DR sessions to be true across the board.
  • πŸ₯³ The relationship between ADR, ODR, and RDR sessions and their respective levels provides valuable insights into price behavior during the trading day.
  • βœ‹ The "upside expansion model" shows respect for previous DR high levels and the creation of higher low and higher high DR levels.
  • 🧑 The "range expansion model" extends the range of high and low DR levels while the midpoint stays within the IDR levels of the previous session.
  • πŸ™ƒ The "downside expansion model" follows the logic of the upside expansion model but in a downward direction.

Transcript

Hello everyone. This is part 3 of my DR and IDR model if you haven’t watched the first and second video I highly recommend you to do so. Today I am going to give you the last DR/IDR sessions and with this one, we finish the intraday cycle of DR/IDR time ranges. Why is he saying intraday? Are there higher time frame DR’s too? In between the regular ... Read More

Questions & Answers

Q: What are the different intraday time ranges in the DR/IDR model?

The DR/IDR model includes the regular DR from 9.30 am to 10.30 am, the after-session DR from 7.30 pm to 8.30 pm, and the overnight DR from 03.00 am to 04.00 am.

Q: How are the ADR and AIDR levels determined in the DR/IDR model?

The ADR (after-session DR) high and low are determined by taking the highest and lowest body close or open inside the after-session DR range. The AIDR (after-session intraday DR) high and low are determined similarly.

Q: Does the DR/IDR model work for different assets?

Yes, the model works for forex, cryptocurrencies, commodities, and stocks. However, the probabilities may slightly vary for different assets and DR sessions, with averages above 80%.

Q: What are the key takeaways from studying the DR/IDR model's statistics?

Key takeaways include the undeniable effectiveness of the DR/IDR model, clear insights into price action and stop-loss placement, the influence of specific days on confirmations, and the standard deviation targets for each DR session.

Q: What are the different intraday time ranges in the DR/IDR model?

The DR/IDR model includes the regular DR from 9.30 am to 10.30 am, the after-session DR from 7.30 pm to 8.30 pm, and the overnight DR from 03.00 am to 04.00 am.

More Insights

  • The DR/IDR model provides statistical evidence supporting its effectiveness over a 12-year period, surpassing the probability of trading against the DR bias.

  • The model offers a clear edge in identifying price action ranges during DR sessions, ensuring safe stop-loss placement and target placement based on standard deviation targets.

  • Monday ODR false days are more likely for short confirmations, while long confirmations have a higher probability. Long confirmations also have an edge in Wednesday's ODR and RDR sessions.

  • False days generally result in larger down moves compared to upside moves in terms of standard deviation.

  • Monday and Friday have the highest probability for DR sessions to be true across the board.

  • The relationship between ADR, ODR, and RDR sessions and their respective levels provides valuable insights into price behavior during the trading day.

  • The "upside expansion model" shows respect for previous DR high levels and the creation of higher low and higher high DR levels.

  • The "range expansion model" extends the range of high and low DR levels while the midpoint stays within the IDR levels of the previous session.

  • The "downside expansion model" follows the logic of the upside expansion model but in a downward direction.

Note: The content provided is a transcript of a video and refers to visuals and additional resources that are not available in this text format.

Summary & Key Takeaways

  • The DR/IDR model introduces the concept of different intraday time ranges, including the regular DR, after-session DR, and overnight DR.

  • By applying the ruleset and marking important levels, the model provides high-probability confirmations and indications for price movements.

  • The model works for various assets, including forex, cryptocurrencies, commodities, and stocks, with probabilities averaging above 80%, excluding high-impact news.

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