PT 05 PTP m15 01 PTP 3 0 M15 Plan
M15 Trading Plan Overview
In this video, the speaker discusses their M15 trading plan and how they use different time frames to find entry points. They also mention using a diagram that has been previously explained in other videos.
Time Frames Used
- The speaker uses daily and H4 as their main time frames for finding direction.
- They use H1 as their medium time frame and M15 as their low time frame for finding entry points.
- The speaker notes that this is the same approach used for trading on the M1, but with different time frames.
Finding Entry Points
- After identifying a pullback on the H1 or H4, the speaker looks for an M15 entry model to form before getting involved.
- They wait for an M15 change of character, liquidation, extreme or decision OPI to be formed before entering a trade.
- The speaker emphasizes waiting for all entry models to be present on the M15 before entering a trade.
Trading Complex Pullbacks
- After mitigating the premium of an internal leg on the H1, the speaker looks for an M15 entry model to trade a bearish complex pullback.
- They note that they use H1 majority of times as others would use M15.
Conclusion
The speaker's trading plan involves using multiple time frames to find direction and entry points. They emphasize waiting for all necessary indicators to be present before entering trades.
H1 demand and H4 POI
In this section, the speaker discusses how having an H1 inside an H4 increases the probability of success in trading. They also mention that when playing order flow, H4 is not enough.
Using High Time Frames
- The speaker suggests following the M50 order flow with a current strategy on M1.
- When using H1 autoflow, it's not necessary for it to be inside an H4 POI.
- If price mitigates the H1 POI and it's inside HR, looking straight away on M15 is recommended.
- Discretion or rules can be used when the zone is very distant or when price action mitigates something on the left and you are not quite sure which mitigation is going to hold instead.
When to Wait for an M15 Shock or an H1 Chalk
In this section, the speaker talks about waiting for either an M15 shock or an H1 chalk as extra confirmation in trading.
Waiting for Confirmation
- The speaker emphasizes that they will never go lower than M15 at least 99.9% of the time.
- Traders should wait for an M15 shock or an H1 chalk depending on their strategy and level of confidence.
- This approach makes everything more mechanical and helps traders make better decisions.
Pro Trend H1 R and H1 Autoflow
In this section, the speaker discusses a framework for trading using Pro Trend H1 R and H1 Autoflow. The speaker explains that this is a good starting point for traders to use as a reference.
Using Pro Trend H1 R and H1 Autoflow
- Pro Trend H1 R and H1 Autoflow can be used as a framework for trading.
- If it's PT H1 R and H1 Autoflow, M15 can be used.
- This is not a rule that needs to be followed strictly because price action is unique.
Understanding POI
- POI (Point of Interest) is a high probability area where traders can look to enter or exit trades.
- When looking at POI, traders should consider the structure of the market, order flow, and change of character.
Waiting for Confirmation
- Traders should wait for confirmation before entering trades.
- If it's PT H1 R and H1 Autoflow, traders should wait for an H1 shock before entering trades.
- Trying to call reversals is not sustainable in trading.
Continuation vs Reversal Trading
In this section, the speaker discusses continuation vs reversal trading. The speaker explains why they prefer continuation trading over reversal trading.
Continuation Trading vs Reversal Trading
- Continuation trading involves following the trend while reversal trading involves trying to predict when the trend will change direction.
- Continuation trading has higher success rates compared to reversal trading.
- Traders should create rules that help them avoid trying to call reversals.
Applying M15 Chalk Rule
In this section, the speaker explains how to apply the M15 chalk rule when trading.
Applying the M15 Chalk Rule
- When price breaks structure on M15, traders should wait for an M15 chalk before entering trades.
- This is similar to waiting for an H1 shock when using PT H1 R and H1 Autoflow.
- Traders should not try to call reversals and should wait for confirmation before entering trades.
Liquidity Entry Models
In this section, the speaker explains the liquidity entry models he uses and how he executes them.
Liquidity Entry Models
- The speaker is using three liquidity entry models: number one, number two, and number four. He is more confident in these models and has data to show that they work.
- The speaker explains that he uses these models for entries based on liquidity intervals.
- If a flip set liquidity, he takes a flip. If not, he takes the extreme.
- The same rule applies to all three entry models.
Sweep of Liquidity
- The speaker classifies a clean sweep of liquidity as a high probability trade.
- He also uses weak range or weeks to confirm some sweeps of liquidity. This can give more trades but may also result in more winners and losers.
- Using weeks to classify sweeps is just a variable that the speaker uses. It's not necessary to use it.
Using Weak Ranges to Classify Sweeps
In this section, the speaker explains how he uses weak ranges to classify sweeps of liquidity without going to lower time frames.
Using Weak Ranges
- The speaker reads lower time frames without actually going there by using his experience.
- He shows an example where price mitigated man push up swap. For him, this is enough to classify it as a sweep because if he goes down to M5, it's a very clean strip of liquidity.
- Using weak ranges is just another way for him to classify sweeps of liquidity. It's not necessary but can be useful for those who want more frequency.
Summary of Liquidity Entry Models
In this section, the speaker summarizes his use of different liquidity entry models and rules.
Summary
- The speaker uses three liquidity entry models: number one, number two, and number four.
- He has data to show that these models work and is more confident in using them.
- For entries based on liquidity intervals, he takes a flip if there's a flip set liquidity. If not, he takes the extreme.
- He also classifies clean sweeps of liquidity as high probability trades and sometimes uses weak ranges to confirm some sweeps of liquidity.
- Using weak ranges is just a variable that he uses. It's not necessary but can be useful for those who want more frequency.
Using M15 and H1 Lead to Confirm Zones
In this section, the speaker discusses how to use M15 and H1 lead to confirm zones. They explain that when the price action is very close together, M15 won't give you much development. The speaker also emphasizes the importance of using significant leads on M15.
Using M15 Lead to Confirm Zone
- When there is no H1 lead, use an M15 lead to confirm the zone.
- The lead used on M15 should be significant with visible price action such as a flip or structure high/low.
- Example: If there is no H1 lead, use an M15 lead from a sweep range with visible price action.
Using H1 Lead to Confirm Zone
- If there is an H1 lead, it can be used to confirm the zone.
- Example: Assuming a high will get run, look for buys with no H1 lead and use an M15 lead as confirmation.
Price Trap as Additional Variable
- When using an M15 lead, another variable can be added for more aggressiveness such as price trap.
- Price may not always adopt to the zone when using an M15 lead but it can still be powerful in confirming zones.
Introduction and Call Overview
In this section, the speaker introduces themselves and welcomes the participants to the call. They also ask for feedback and questions from the participants.
Call Introduction
- The speaker introduces themselves and welcomes the participants to the call.
- The speaker asks for feedback and questions from the participants.
Conclusion
- The speaker concludes by saying goodbye to the participants.