Daily Bias Part 2

Daily Bias Part 2Leçon 3 sur 75 min de lecture

Change your mind

The most common way a bias goes wrong, what the chart does about it the next day, and the opinion you are never allowed to trade.

A reading can be run correctly and still be acted on badly. This is the way it usually happens.

Selling the sweep on its own

Gold ran above the 2,431 high and wicked to 2,440, taking the orders resting above it.

Selling there, on the sweep alone, is the mistake. Nothing had broken yet, no smaller chart had confirmed anything, and the daily bias that morning was still buyer. That is a short with one reason behind it, taken against the chart that decides.

A sweep on a high chart is not a bias and it is not an entry.

What was missing

The confirmation was missing, and it is the cheapest thing in the routine to wait for.

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