Notes
- The algorithm does not know how many limit orders are above swing highs and below swing lows.
- When Michael talks about the market maker, he means the algorithm.
- Smart Money understands how the algorithm works and they take advantage of it.
- According to Michael, Smart Money is people nobody knows. They’re not people from Goldman Sachs, Citi Bank, or similar institutions.
- He claims that the markets have always been rigged.
- When a candle closes inside an imbalance (FVG, BPR), we should expect a price retracement.
- Michael does not trade patterns, but narrative.
ES Trade Example - 5-Minute Chart
ES Trade Example - Trade Entry And Exits
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