Notes
- When an up candle forms an FVG, it is called BISI - Buy-Side Imbalance and Sell-Side Inefficiency.
- When a down candle forms an FVG, it is called SIBI - Sell-Side Imbalance and Buy-Side Inefficiency.
- CFD alternatives to futures:
- NQ - NAS100USD (Oanda), US100 (Capital.com)
- ES - SPX500USD (Oanda), US500 (Capital.com)
- YM - US30USD (Oanda), US30 (Capital.com)
- NQ live trade example starts at 38:51.
- Volume Imbalance is a three-candle formation where the bodies of the first and third candles do not overlap. The overlapping wicks of the candles do not matter.
- Michael recommends to trade only on Monday, Tuesday, and Wednesday up to the New York session during Non-Farm Payroll weeks. Thursday and Friday are usually less predictable, making trading more challenging.
- Fair Value Gaps (FVG) can serve as targets or act as supports and resistances.
- Michael stresses that the learning process is challenging but rewarding for those willing to put in the effort.
Volume Imbalance Based On Closing Prices
NQ Trade Example - First Entry
NQ Trade Example - Trade Entries And Exits
Intermarket Analysis Of NQ And ES
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