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Bias

When to Change Bias in TradingHello Traders! Do you ever wonder, "When is the trend ending?" or "When should I change my directional bias?" Many traders find it hard to figure out not only how to choose a directional bias for the day, or how to change their bias if they are on the wrong side of the trade. In this educational video tutorial, I provide simple confirmations to discern when to change your bias and how to look for your next entry! Traders, we would love to hear your opinion and how you determine directional bias. Write in the comments and share with us! Cheers, - BKH
Education
by BKTradingAcademy
5
E-Mini S&P 500 December Contract2021.11.19 Analysis Daily Chart Daily Bullish Bias remains on break above market structure point B @4723.50. Since 2021.11.10 low point A @4625.25 price has not had a 50% retracement to qualify for a change in market structure. Therefore overall Daily Bias remains Bullish. 1 Hour Chart 7 hours after the break above daily market structure @4711.75, price has moved lower into the previous internal swing 70.7% @4684.25 or point a, and then back towards the high 70% @~ 4712.00 or point b. It would appear to be a possible start of a Bearish internal market structure. Bearish Price Projection favors a break below point a @4684.25 and lower to pair up sell stops @ 4668.00 and lower into the 1LC @4665 as a minimum price target. Bullish Price Projection would see a continuation to the upside and a break back above points b and B on the daily chart in line with the previous break in market structure @4711.75.
CME_MINI:MESZ2021
by AsproTrader
BTC Analysis1-What's BTC market bias as of now? -Price has formed (or 90% formed) an ascending wedge (red lines), which indicates a down movement possiblity. -Price is near monthly support (63K zone). If price breaks it, it will continue downward. If it bounces back, it will go to the wedge's upper limit (mentioned in a). -Volume (yellow line at the bottom) is decreasing; less and less money has been used to buy BTC. This indicates a lack of interest in the market which drives people to avoid it or use as little amount of money as possible. Usually, this ends up with the price moving downward. -The volume profile of the market shows that since the start of the year, large amount of money was poured in when the BTC price was around 31K-40K. The next wave of money poured in was around 45K-50K, and last one when the price was around 54K-60K. The amount of money used decreased respectively (shown in the left side of the chart as horizontal bars). Again, this has the same conclusion as the point above. *Conclusion: market bias >>> Down movement. 2-Where would the price go to in that case? -The regions mentioned above (31K-40K/45K-50K/54K-60K) act as support levels and the price will most likely move to one of them starting from the nearest (54K-60K) and bounce back up. If price doesn't bounce up, it will go to the region below it. In case the price falls below 31K-40K region, we can expect a market crash.
COINBASE:BTCUSD
by hballamco
NZDCHF BULLISH CONTINUATION FROM KEY LEVELNZDCHF is very bullish from the beginning of October. Setting a new high last week the price retraced to a key level. Retesting key support the price started to grow. Bulls managed to violate a falling wedge pattern, and duplicate the bullish breakout. Expect new wave upward to the key resistance level. The bias for the NZD remains firmly titled to the upside, and as rates keeps rising Also note that the RBNZ delivered on expectations to raise the OCR to 0.50%. As the hike was already fully priced, the lack of new hawkish tones we saw a textbook buy-the-rumour-sell-the-fact reaction in the NZD pushing lower. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses
Long
by legacyFXofficial
EUR-NZD Local Long! Buy! Hello,Traders! EUR-NZD is trading in a downtrend on Weekly And the pair is suppressed by the horizontal resistance And a weekly falling resistance line As we can see, EUR-NZD fell from the resistance level again Clearly lacking power to break it However, the pair is now fallen to the rising support level And I think that we might see a rebound from this level And a retest of the horizontal one Mixed bias, but local long Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Long
by TopTradingSignals
4
EUR/USD nestling support! Both looking susceptible to steeper depreciation vs their US rival, with the Euro only just recovering from a stop-chase through the 18 DMA (1.2060) in time to avoid more sell orders sitting at or beneath 1.2050. Nevertheless, EUR/USD also faces heavy and layered option expiry interest from the round number above to 1.2150, including 1.3 bn at 1.2100, 1 bn from 1.2115-35 and the same size between 1.2140-50. Overall further upside is anticipated over the coming weeks.
Long
by FTUKcom
12