Disliked{quote} Hi Steve yeah Michael loves to talk and keeps on talking and talking! and before coming to the specific point cushioned it with less important things that one may miss / undermine the main point, he likes to mix it and it is difficult to pick what is really important for day trading. - Fibs as i understood Michael which he didn't mention clearly though but my observation is, when price given a sudden move leave a GAP, and at time with a BOS of m1 (but not necessarily), price mostly retraces back to fill the gap at a specific Fib level for...Ignored
Hi Bilal;
I find his use of Fib. placement is very much down to interpretation
Personally I prefer just to use the HTF Order Block and a "Switch in Structure" within M1, at least, to indicate the Order Block is valid
Check the Lower Chart in this Post 1,173
I am in no way an expert in Michael's Method(S) of Trading I have taken what makes sense to me and introduced it to my Trading
Watching some of his videos, over the weekend, did help with making sense of a lot of things
I find his shorter videos more helpful under 15 minutes
I hope your Trading is going well and you and your family are doing well
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