Notes
- Michael prefers trading within daily price ranges, aiming to make quick, well-timed trades without worrying about overnight market reversals.
- He states that the markets are controlled and pre-programmed to move in specific directions, regardless of individual traders’ beliefs or strategies.
- According to him, the markets are controlled by algorithms that are highly efficient in delivering price action. He describes the market as being “rigged” by these algorithms, and the trader’s task is to identify and react to these controlled movements.
- His mentorship aims to teach students not just how to trade but how to build the skills to forecast price movements consistently and with high accuracy.
- Volume Imbalance is a market phenomenon where there’s a discrepancy (gap) between the opening and closing of consecutive candles.
- Michael focuses on trades where he can get 50 to 100 pips.
- He critiques other traders and educators who simplify trading concepts into easily digestible patterns, claiming that the real market moves are much more complex and require a deeper understanding.
- Traders often overestimate the importance of patterns and underappreciate the psychology and discipline involved in trading successfully.
- While Michael’s mentorship and guidance are crucial in understanding price delivery, success ultimately depends on each individual’s ability to internalize and apply the lessons.
US Dollar Index - Volume Imbalance On Daily Chart
US Dollar Index - Imbalance On Daily Chart
US Dollar Index - Mitigation Block On 15-Minute Chart
US Dollar Index - Market Maker Sell Model On 5-Minute Chart
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