Notes
- During an upward price movement, we do not want the price to trade significantly below the Mean Threshold of a bullish Order Block or close below this level.
- During a downward price movement, we do not want the price to trade significantly above the Mean Threshold of a bearish Order Block or close above this level.
- Michael is staying away from holding trades overnight or for the week, citing the increased risk in the marketplace since 2020. This means he does not execute any OSOK trades.
- Thursdays and Fridays around Non-Farm Payroll releases tend to be problematic for traders, given the increased market volatility and unpredictable price moves.
ES Trade Example - Unicorn Setup
USDX - Using Mean Threshold Of Order Block
Next lesson: 2023 ICT Mentorship - 2023 Market Review: October 15
Previous lesson: 2023 ICT Mentorship - Market Commentary & Review: September 29