Daily Bias and a Profit Trade Recap

Daily Bias and a Profit Trade RecapLesson 1 of 95 min read

Written as a condition

The first market of the session, refused for one reason, with the exact event that would cancel the refusal written in the same line.

This module follows one session from the pre market reading to the trade it produced. The first market is settled before the session starts, and the line it gets has an "unless" in it.

Three charts, one disagreement

The market is the pound against the dollar.

The daily and the 4 hour are both buyers. A 4 hour low at 1.2680 was swept, meaning price took the orders below it, down to 1.2668, and then closed back above. The 1 hour is still making lower highs.

Under module 44's four checks that is a refusal. The chart you would time an entry on points the other way.

The slow charts agreed. The chart you would enter on did not.

The line has an unless

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