Notes
- In this lecture, Michael recaps many of his concepts, such as Change In The State of Delivery, Order Blocks, Market Maker Models, and more.
- According to Michael, the Quarters Theory is nonsense.
- He states that not every FVG can become an inverse FVG (IFVG). Unfortunately, he does not provide an example to support this statement.
- Many of Michal’s intraday trades are based on the expectation that an hourly candle will expand in a certain direction (hourly bias).
- Wicks should be treated in the same way as gaps (FVG, NDOG, NWOG…).
- If a candle forms with a wick at the bottom and the price cannot trade below the lower half of the wick, it is a sign of strength (bullishness).
- If a candle forms with a wick at the top and the price cannot trade above the higher half of the wick, it is a sign of weakness (bearishness).
- The candle wick can be divided into quarters like a gap, with the consequent encroachment (midpoint) being the most important part.
- Michael explains how to enter on order blocks while they are being created, i.e., before they are confirmed [2:31:50].
NQ - Bearish Order Block And Consequent Encroachment Of Wick
NQ - Sign Of Strength
NQ - Turtle Soup Setups And Stop Loss Placements
NQ - Price Reaction To The Consequent Encroachment Of The Wick
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