![]() ![]() That said, virtually all of the tools that I am going to discuss are applicable to lower time frames as well. bias derived from daily/weekly/monthly price charts. This article is going to cover high time frame directional bias i.e. Put simply, a directional bias tells a speculator which direction to favour (and which direction to avoid). In the presence of a bearish directional bias, short setups are more likely to be successful than they would be otherwise. In the presence of a bullish directional bias, long setups are more likely to be successful than they would be otherwise. Part 3: How Directional Bias Affects Trade Selection & Trade ManagementĪ directional bias is formed when a speculator has an explicit expectation of direction in a given market.ĭirectional bias can also be thought of as a probability enhancer. Part 2: Constant vs Situational Directional Bias Please consult a regulated professional in your jurisdiction before putting any capital at risk. This article is strictly for entertainment purposes only. I do not and will not offer financial advice. ![]()
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