Progressing from part 12, this lesson puts the prior theory into practice.
The live examples provided in this lesson show how the theory can be used realistically when planning a trade setup.
Do not look to trade from TPO and Igor Sessions alone, work them into your strategy and style of confluence.
Time Stamps
1:17 – IGOR TIME AND SESSIONS EXAMPLES
- In an uptrend POCs of previous sessions act like supports
- Daniel never trades solely off TPO, he uses other tools and technical analysis for confluence
- When there is a range, Daniel merges it
- Daniel mostly does not trade the middle of the channel because it is a 50-50 trade but when the trade has so many layers of confluence, he does
- You always need to know where you would take the next trade and what you’d be looking for when the price comes there
- Daniel uses Igor time and Igor session to foresee what could happen at what time
33:36 – Q&A
- Igor Times are not the times when sessions open, they are the times when Igor finds most volatility happening and/or volume injections
- Daniel knows that the nPOC is relevant visually (he sees other confluence, context, does some more analysis)
- Daniel usually just looks for the POC’s of previous sessions, not HVN’s
- The second time the level is touched, it is still a valid level but the strength lowers every time level is touched
- When a level is lost on the massive increase of OI and negative delta do not rush into a trade but look for the level to be reclaimed (trapped shorts) – that is a good long set-up
- Record your own statistics, it is very helpful
- Igor sessions 2 and 3 generally have the most volume, that is why Daniel prefers them
- Daniel likes to use Fib time with harmonics and EW’s