Notes
- This lesson teaches how to establish directional bias for higher time frame institutional sponsorship (institutional order flow).
- High-probability scalps are defined as trades targeting 10- to 30-pip price swings.
- Michael specializes in day trading and short-term trading, targeting weekly and daily highs and lows.
- This scalping model offers a trading opportunity every day.
- Each currency pair generates several scalping setups per week. However, we cannot expect it to form every single day on the same currency pair.
- In order to trade this setup daily, we need to form a basket of several currency pairs and monitor them.
- If we are bullish, we look for a move above the high of the previous day or the day before yesterday.
- If we are bearish, we look for a move below the low of the previous day or the day before yesterday.
- We use OTE levels to determine where to enter the trade.
- We should focus on trading during high-probability time windows, particularly in the London Open and New York Open kill zones.
Mastering High Probability Scalping - What Are High Probability Scalps
Mastering High Probability Scalping - USDCAD Scalp Trade Example
Mastering High Probability Scalping - Directional Bias For Scalping
Mastering High Probability Scalping - Swing High And Low
Mastering High Probability Scalping - Area To Investigating
USDCAD OTE Scalp Trade - First Trade Entry
USDCAD OTE Scalp Trade - Second Trade Entry
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