The core theme is establishing a "daily bias" in trading by performing a top-down analysis across multiple timeframes (weekly, daily, 4-hour, 1-hour) to determine the most probable direction of price movement for the day, thereby improving trade execution and success rates.
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welcome to the Daily bias video we're
gonna do like two of these
to try and help you guys out figure out
your daily bias um and right we know how
to execute now and one of the biggest
Keys is not executing
purely based off of the execution
strategy but playing into your daily
bias as well and understanding where
Market wants to go for the day because
if you take a trade that's an opposite
direction of where you think price is
going to go for the day
odds are you'll probably end up being a
very short-lived trade or you'll just
losing that you'll just be losing that
trade in general
okay so to start off right the best
thing to do is just top down analysis
start on the weekly time frame figure
out where is Price going on the weekly
where does price want to go for the week
okay and the easiest thing to do is
where like literally just look at it
look at recent price action what is it
doing it's going up perfect perfect
perfect
scale down to the Daily
okay what are we looking for on the
daily we're looking for Trend okay so if
we just look look at overall trend again
this is similar to the weekly what are
we seeing boom bullish right it's just
going up
where is Price going
it's going up let's go golfing bring out
the cappuccino let's go golfing
anyways the line chart is the line chart
is saying go up
so what do we do we go up and we put it
in their butt okay
it go it's going up so what are we
looking for
again weekly weekly long-term bias up
morning wood okay
okay
this is where we find our daily bias on
the hourly time frames okay we use the
daily I like to use the daily current
market structure to figure out
my daily bias and then how to kind of
form it off of that right so right now
what is the daily Market structure we
get a breaker structure to the downside
so I'm bearish on the daily prior to
this candle to the downside I would have
been bullish
not anymore now
now
right let's look at current price action
so we're we're in a downtrend on The
Daily so what are we looking for we're
looking for cells and we're looking for
some sort of confluence but
but
to give us cells
so what would that be our execution
tactics on higher time frames
okay so we're looking for draws on
liquidity right would be here here and
look at this right we had a liquidity
on the four hour okay and I like to look
at the four hour Trend as well
unfortunately for today
we're in an uptrend on the four hour
currently right maybe we can close below
this low and break structure again that
would be ideal because now we have the
four hour and the daily both saying bear
and then all you got to do from there is
go on the hourly find high Confluence
areas and execute but right now
we're in an uptrend on on the four hour
so this is where it gets tricky
okay you want to know okay the weekly
direction is up however we're not really
playing completely off the weekly Direction
Direction
okay yes we can probably Target some
super long-term take profits if we're if
we're about that if we're about to swing
trading lifestyle me personally I'm not
but it helps to understand where the
weekly time frame wants to go and it's
super easy just look at the current
Trend look at that line chart where is
it going up cool bullish
on The Daily though we're bearish
and on the four hour We're bullish
and on the one hour we're [ __ ] around
we're like we're in between we had like
a braking structure here but like not
much to do off of it
okay so today is I didn't trade today
because we had pal speaking but today is
a perfect example of when we probably
wouldn't want to trade the S P 500
unless we can find some sort of bearish confirmation
confirmation
so how would we find that go on the
hourly right and again this is where we
find our execution strategies the daily
time frame we have a break structure to
the downside
cool so we want to be bearish we're
looking for any sort of bearish
okay any sort of bearish confirmation
but we also have to keep in mind that we
are bullish on the four hour
okay so that means when we're looking
for bearish confirmation on the hourly
we have to take we have to keep in the
back of our mind that hey we are still
bullish on the four hour and until we
turn bearish on the four hour we can't
Target and we'll talk about this in our
take a profit video we cannot Target
these absurd long time frame take
profits because we haven't been proved
to the downside on the four hour
so yes we can look for bearish bias on
the on on the hourly because the daily
but we need to be tentative with our
take profits on this
okay so my biggest rule of thumb is like
okay figure out what the daily time
frame is saying what's the daily time
frame saying on gold bearish cool
we're our our ideal trades will be to
the downside guys because believe it or not
not
the majority of the daily moves on the S
P if that's what we're talking about is
going to be during New York session
everything else is just chop
the biggest move what causes these big
moves to the upside these big moves to
the downside is New York session
so wouldn't you want to be trading
within the bias
you probably would
until you're proved wrong and those are
the trades that you lose when you're
proved wrong but then when you're proved
wrong it's good because it's like cool
I did everything correctly Market just
broke structure and we had a shift in
Market structure I stuck to my plan I
stuck to my bias and Market just wanted
to change direction
okay so like for today for example we're
we're bearish on the daily but we're
bullish on the four hour we scale down
to the one hour we don't have much we're
looking just for any type of bearish
confirmation we have highs through here
so what would I have done today
you know maybe I'm I'm obviously trying
to be bearish right so we see this High
get taken out
okay cool
then we get a breaking structure to the downside
downside
this is where orders were filled this is
an order block again now we're getting a
but this is this would be like a an
does that make sense
to figure out the bias of where price
wants to go
okay right like we break structure to
we break structure with this candle
okay when we go into the four hour
write this up up we don't break
structure the upside okay this was
probably a liquidity sweep
on the hourly
and once we get once we get our daily
bias once we understand where literally
like where is the daily telling us price
wants to go
because again like I said the daily
candle moves are off of those big
session moves so odds are that your
trade is going to be
the majority of this daily candle is
very highly likely
and if it's not you're probably getting
stopped out
because it's going in the opposite
direction means your daily bias is wrong
daily our daily bias we want to know
where price is going to go for the day
so we can make a short-term execution
within several hours
right to catch that move that's
happening on the day
and when does that happen for NYSE
NYSE
or sorry what does that happen for the s p
p
during New York Stock Exchange open
we get a break instruction to the upside
okay what can we be looking for we're
looking just for bullish confirmation
right because we already broke structure
to the to the upside on The Daily that
means even if we break structure to the
downside on the four hour that means
we're retracing on the daily that means
perfect we're prime time getting ready
for a setup on The Daily that means
we're getting a daily retrace so what
can we use to our advantage our building blocks
blocks
what's this a fair value Gap comes into
the fair value Gap then what can we do
right
then what are we waiting for we're
waiting for like hourly hourly
confirmation okay cool we get a break
obstruction to the upside on the hourly
then what okay we have an order block
here that doesn't get hit
we see a bearish candle on the hourly
cool boom equilibrium gets hit what else
gets hit
Boom for Valley Gap gets hit equilibrium
gets hit how can we take a trade off of
this and again I know we're getting
how can we take a trade off of this this
was literally doing during New York
Stock Exchange open
we're bullish on The Daily
we see a four hour retrace down we see
to me that's giving you know pretty
strong bias to the upside what can we do
scale down to a lower time frame find
even more
even more confirmation 15-minute breaker
structure five minute breaker structure
five minute order block five minute all
of that [ __ ] that we talk our executions
that's that's where we go from there
once we understand okay cool
to find your daily bias it's as simple
what's the trend on The Daily look at
the market structure
okay are we in an uptrend or are we in a
downtrend and that doesn't it literally
like the the line the line time frame
that doesn't matter that's just giving
US Weekly bias and we don't really care
about that because we're trading day to
day if you're a swing Trader you should
care about that but for me I don't care
about that too much okay I'm just trying
to figure out where are we going on The
Daily time frame look at Market
structure right because I'm trading
within hours
right within Day within the day so where
where is the trend on The Daily uptrend
then okay find bullish confirmation
find bola's confirmation on high time
frames like the four hour or the one
hour so what do we use to find bullish confirmation
