Daily Bias, Backtesting and a Loss Recap

Daily Bias, Backtesting and a Loss RecapLesson 5 of 134 min read

Daily and four hour

The second market, refused in under a minute, and the two charts that are read before any of the others are opened.

The second market is the euro against the dollar, symbol EURUSD.

What it showed

The daily is making lower highs and lower lows. The 4 hour is making higher highs and higher lows, and so is the 1 hour.

The chart that decides the side points down. The two under it point up.

The daily and the 4 hour disagreed, and that was the end of the reading.

The gate

Read the daily and the 4 hour first. If they point different ways, stop there and do not open the smaller charts.

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