2022 ICT Mentorship - Episode 19 - Long Insight-Rich Lecture

Daniel · March 28, 2024, 8:11am

Notes

Michael constantly points out the huge importance of backsteting and journaling.
The entries in our trade journal must always be positive, even when we are not trading well.
Knowing when not to trade is crucial.
If you can’t determine an HTF bias, then you are gambling.
Learning how to determine bias correctly takes time.
Don’t rush anywhere and give yourself time to succeed.
If we are bullish and the price tests and closes above the equilibrium of the daily trading range, we expect the price to go up the next day or the one after that.
If we are bearish and the price tests and closes below the equilibrium of the daily trading range, we expect the price to go down the next day or the one after that.
A mean threshold is a level representing 50% of the order block body.
Michael recommends watching his video on the Purge And Revert concept.