Notes
- In this lecture, Michael shows many examples of how to use order blocks together with Fibonacci retracements (OTE levels) and extensions to trade various forex pairs.
- Institutional levels:
- Big-figure levels - 00 levels, such as 1800, 1.200, 96.00.
- Mid-figure levels - 50 levels, such as 1850, 1.250, 96.50.
- 80-20 levels - For example, 1820, 1880, 1.220, 1280, 96.20, 96.80.
- Small-rounded levels - Levels like 1810, 1830, 1,2230, 96.70, 96.90.
- We look for setups on the 5-minute, 15-minute, and hourly charts.
- Fibonacci extensions of 127% and 162% are the recommended profit-taking levels.
Mid-Figure Level As Anchor Point
Order Block And Optimal Trade Entry
Unfullfilled Range And Fullfilled Range
Fulcrum Point And Fibonacci Extensions
Next lesson: ICT Forex - Scout Sniper Basic Field Guide - Volume 6
Previous lesson: ICT Forex - Scout Sniper Basic Field Guide - Volume 4