Notes
- Michael is usually not interested in trading on Mondays except for NFP week.
- If the price expanded in one direction all last week and no TGIF setup occurred, we can expect a retracement on Monday.
- When Michael expects poor price delivery during the RTH session (usually the days preceding the days with high-impact news), he focuses on trading in the premarket.
- A significant part of learning to trade is understanding that trading is not about always being right but consistently following a proven system. Forcing trades out of fear or greed will lead to failure.
- With the proper mindset and discipline, traders can achieve their goals. We should be humble, patient, and focused on learning from the process, and not get caught up in the pursuit of flashy success.
- Michael explains in detail how to enter using the Order Blocks [1:11:22].
NQ Live Trade Example - Trade Entries And Exit
NQ Live Trade Example - NDOG And NWOG Cluster And EQHs And EQLs
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