How I Form a Intra-Day Bias
a thread ๐งต
a thread ๐งต
In this thread, I will cover the following:
- Day type
- Liquidity
- Session Bias
- Pre-NY preparation
- Day type
- Liquidity
- Session Bias
- Pre-NY preparation
Day Type
The first thing I ask myself when I wake up:
Is price trending, in particular in regards to dOpen
how has price moved since daily open.
Has it been trending away from daily open or range-bound since the open.
If it is trending I'm using that as my intra-day trend.
The first thing I ask myself when I wake up:
Is price trending, in particular in regards to dOpen
how has price moved since daily open.
Has it been trending away from daily open or range-bound since the open.
If it is trending I'm using that as my intra-day trend.
Day Type [2]
I find it easier to interpret a local trend in regards to structure if singling out only the current days price action.
On Exocharts desktop, set the look back to 1 day, that will only show today's data. This makes it easier to identify the current day type.
I find it easier to interpret a local trend in regards to structure if singling out only the current days price action.
On Exocharts desktop, set the look back to 1 day, that will only show today's data. This makes it easier to identify the current day type.
![Day Type [2]
I find it easier to interpret a local trend in regards to structure if singling out on...](https://pbs.twimg.com/media/GBEpd7yaMAAO5ju.jpg)
Liquidity
Now that I know the current day type, I look where there is any resting liquidity.
1H & 15m
I use pivotal moments indicator to identify my liquidity POI's above and below price.
Now I have current day bias (day type) as well as liquidity POI's in relation to that.
Now that I know the current day type, I look where there is any resting liquidity.
1H & 15m
I use pivotal moments indicator to identify my liquidity POI's above and below price.
Now I have current day bias (day type) as well as liquidity POI's in relation to that.
Session Liquidity
using my exocharts session liquidity template, I look for series of higher lows or lower highs before gaps in price action.
rather than using a fixed time based chart, I use session candles to identify where liquidity is above or below certain sessions.
using my exocharts session liquidity template, I look for series of higher lows or lower highs before gaps in price action.
rather than using a fixed time based chart, I use session candles to identify where liquidity is above or below certain sessions.
Pre-NY
Before NY starts I ask myself if London session has put in the current day high/low so far.
If london session has put in the daily high or low so far, depending on the day it has a good chance overall of being taken out.
Before NY starts I ask myself if London session has put in the current day high/low so far.
If london session has put in the daily high or low so far, depending on the day it has a good chance overall of being taken out.
Resources
Templates and Exocharts workspaces can be found in my free read-only discord
โคท discord.gg
Indicators - all free direct link can be found in my bio
If you enjoyed be sure to like and repost this thread, it is greatly appreciated.
Templates and Exocharts workspaces can be found in my free read-only discord
โคท discord.gg
Indicators - all free direct link can be found in my bio
If you enjoyed be sure to like and repost this thread, it is greatly appreciated.
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