Notes
- The basis of Michael’s trade is a bearish order block and an OTE level of 62%.
- He ties the trade execution to the high-impact news event of the FOMC (Federal Open Market Committee).
- The economic calendar is a useful tool for anticipating volatility and planning trades accordingly.
- Michael advises against being glued to the charts all day and encourages focusing on economic events that influence the markets, making the trading approach more systematic and less speculative.
- We should focus on finding one high-quality trade setup per week rather than over-trading.
- The live trade example starts at 23:12.
EURUSD Trade Example - Optimal Trade Entry And Bearish Order Block
EURUSD Trade Example - Trade Entry
EURUSD Trade Example - Partial Exits
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