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    Daily Bias PDF

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    mathew creation

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    Daily Bias PDF

    Uploaded by

    mathew creation
    69 views6 pages

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    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
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    Download as pdf or txt
    69 views6 pages

    Daily Bias PDF

    Uploaded by

    mathew creation

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 6

    COLIN JONES

    Understanding
    Daily Bias

    MASTER YOUR DRAW ON LIQUIDITY


    The Importance
    of a Daily Bias
    If you can understand where the daily candle is most likely
    to gravitate, you'll be able to fine-tune your entry strategy
    to focus on either buying (long) or selling (short) based on
    that trend.

    This also allows you to align your trades with high time
    frame order flow, making your trade ideas much more
    probable. After all... If you know the HTF bias, you know the
    LTF bias.

    Daily bias is arguably the most important part of your


    strategy. Get this right and watch your winrate skyrocket.
    IRL --> ERL
    The market moves from internal resting liquidity
    (imbalances) to external resting liquidity and vice versa on a
    day to day basis.

    You can use this knowledge to your advantage on a 4H and


    Daily chart to find your daily bias.

    For example: When price reacts off of a 4H imbalance you


    can expect it to target the respective low/high below/above
    it.
    Devil’s Mark
    Theory
    Every candle includes 3 parts: accumulation, manipulation,
    and distribution. Generally the manipulation will occur in
    the wick of the HTF candle.

    If there is a HTF candle with NO wick prior to a heavy move,


    we call it a devil’s mark. This level will act as a magnet for
    price to come back and form a wick in place of the D.M.

    You can use these devil’s marks to frame your daily bias. If
    there is a 4H or Daily candle with NO wick, watch price
    rebalance it.
    Bullish Example
    Bearish
    Example

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