NZD/USD February IPDA DATA RANGES
I.P.D.A Look Back Data Ranges
What does I.P.D.A mean?
Interbank Price Delivery Algorithm is what I.P.D.A stands for.
Who uses I.P.D.A?
I.P.D.A is used by central bank traders because it is how the market is programmed.
When should a trader use I.P.D.A?
It should be used on the first trading day of every month.
Where should a trader use I.P.D.A look back data ranges?
Traders should be using it on the Daily Time frame (1 candle = 1 trading day)
Why should a trader be using I.P.D.A?
IPDA gives a better reference point as to where the markets might reach throughout the new trading month.
Rules
Look back 20, 40, and 60 days on the first trading day of the month (do not include weekends when counting back).
Mark out the highest high and lowest for within 20 day look back period (Find the 20, 40, and 60 Highs; Find the 20, 40, 60 day Lows)
Find the highest high and lowest low within the last 60 days and cut that range in half.
Locate all obvious premium and discount arrays within the respected trading range you cut in half.
Main idea of the concept:
The markets will make a quarterly shift every 3, 4, or 6 months. This sets traders up to anticipate if we get a higher time frame market structure shift. Finding these highs and lows and PD arrays allow us to have more trading context without any indicators.
Disclosure:
I.P.D.A look back data ranges alone does not tell you where to buy and sell. There needs to be a blend of concepts, mainly time and price.
What does I.P.D.A mean?
Interbank Price Delivery Algorithm is what I.P.D.A stands for.
Who uses I.P.D.A?
I.P.D.A is used by central bank traders because it is how the market is programmed.
When should a trader use I.P.D.A?
It should be used on the first trading day of every month.
Where should a trader use I.P.D.A look back data ranges?
Traders should be using it on the Daily Time frame (1 candle = 1 trading day)
Why should a trader be using I.P.D.A?
IPDA gives a better reference point as to where the markets might reach throughout the new trading month.
Rules
Look back 20, 40, and 60 days on the first trading day of the month (do not include weekends when counting back).
Mark out the highest high and lowest for within 20 day look back period (Find the 20, 40, and 60 Highs; Find the 20, 40, 60 day Lows)
Find the highest high and lowest low within the last 60 days and cut that range in half.
Locate all obvious premium and discount arrays within the respected trading range you cut in half.
Main idea of the concept:
The markets will make a quarterly shift every 3, 4, or 6 months. This sets traders up to anticipate if we get a higher time frame market structure shift. Finding these highs and lows and PD arrays allow us to have more trading context without any indicators.
Disclosure:
I.P.D.A look back data ranges alone does not tell you where to buy and sell. There needs to be a blend of concepts, mainly time and price.