Notes
- When Michael scalps, his target is always at least 15 pips from his trade entry.
- Backtesting and forward testing are essential. Watching unfolding price action and simulating trades without actual risk helps build a strong understanding of how the markets move.
- Many new traders mistakenly think that they will be profitable instantly once they start trading, but success in trading requires a lot of work and consistent effort.
- Trading should be boring. We should already know what the market is likely to do before we even look at the charts.
- The live trade example starts at 1:23:22.
EURUSD Trade Example - Bearish Breaker And Order Block
EURUSD Trade Example - Optimal Trade Entry
EURUSD Trade Example - Trade Entry
EURUSD Trade Example - Trade Exit
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