I always, always incorporate 2 time frames into my trading, one for entry and one higher time frame for bias. Thats how I get my best trades. The only time they fail is when I come to the end of a bias run, which no one knows for sure how long a run will be. But keep the losses small and the winners big.
In this case, yes I used a 15 min bias, 5 min entry.
dojirock wrote:Trades today, done till 9:30 when things calm down...
Was there a bias chosen before taking this?
Is it the red line? Is it the higher 1hr tf?
And when choosing bias are you waiting for candle to close before
Confirming direction? Or are you trading direction once price touches
Area before closing and predicting it will wick?
Doji a couple more questions about Bias
So I drew arrow which confirms a bearish bias direction.
But once the green closes over which is filled green hard to see but its there....
Is that telling us no more bias downward
And after this happens do we just wait for a new setup to find new bias direction?
Or would bias be bullish now since bearish bias didn't follow threw....