Daily Bias

Daily BiasLeçon 6 sur 85 min de lecture

Trade your session

Why a daily candle is really made in a couple of hours, what that means for a five minute entry, and the loss that is not a mistake.

A bias is a reading of the daily candle. The daily candle is not built evenly across the day.

Most of the range comes in one session

A daily candle is made of the day's moves, and the bulk of its range is usually made inside one active session.

Outside that window price mostly moves sideways in a small area. The same chart, the same day, and almost none of the distance.

The daily candle is mostly written in a couple of hours.

Which is why the bias pays off there

If your read of the daily is right, the move that builds most of that candle happens in that session.

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