Market Mechanics Ep 15: How To Find Daily Bias

Before we start, let's be clear what daily bias actually means. Because this is one of those phrases where retail traders just love to throw around. But if you ask them what it actually means, they just stare blankly at you. So, here's the real definition of daily bias. Daily bias is basically where you think price is most likely to move in the next 24 hours and why. Now, notice I said most likely, not certainly. Because amateur traders they try to predict the market. They think that the only way to make money in this market is to be 100% certain on where price is going to go next. That's false. Professional traders on the other hand accept uncertainty, manage risk, and execute their plan consistently. So, understand that trading isn't about predicting price like you are a freaking fortune teller. No, it's about putting yourself in trades where the odds are on your side. And that's what daily bias gives you. It helps you filter out the setups that are most likely going to work in your favor. Once again, not guaranteed, just higher probability. Because no matter how confident you feel, your bias is still your perception of the market, not the market itself, not objective reality. Which means that you can still be wrong no matter how many conferences or confirmation you have. But when you actually have a daily bias, here's what happens. You will know exactly where to buy, where to sell. You will know where the market is most likely heading towards next, and you will know when to execute. What is the perfect time to get in so you can limit your downside and have a humongous upside. And most importantly, you will know when to stay out of the market. So, remember this. Bias isn't a prediction. Bias is a plan plus an invalidation, which means this is what I would think would happen, and this is what needs to happen for me to admit that I am wrong. And listen, if you don't have invalidation, which is something that can falsify your trade idea, you don't have a bias. You have hope. And to me, hope is just outsourcing your responsibility to luck. Because now you're not trading a plan. You're just praying that price does what you want, and price will go where you want it to go. And my friend, luck is not a strategy. So, now that you understand why daily bias is so god damn important, let me just enlighten you with my five-step checklist that I personally use to develop my daily bias. And like I said, it's very simple, it's repeatable, it's profitable. Anybody can use it. Any Tom, Dick, and Harry from even freaking Wyoming knows how to use these five steps, all right? If you are able to apply these five steps, I can triple guarantee you that you will be able to figure out whether you should buy or sell, and when is the best time to buy and sell. So, the first step is to mark the higher time frame trend. So, you stop trading in the middle of nowhere like a freaking clown. You stop trading any move that you see on the market. So, what you want to do, very simple, is to just limit your focus. That's what we are doing when we actually refine our range. So, when I'm looking at a chart just like this on a 4-hour time frame, I saw price is obviously going up because price is creating higher highs, higher lows, and higher high. So, what happens is that the first thing I want to do is to identify my break of structure right here because when I do that, I can understand that price is in the uptrend, and I can also identify the swing range I want to be trading within, right? Which is this swing low right here, which is the lowest point that led to this break of structure, and then this is the highest point that led to price starts pulling back. Okay? So, just by doing this alone, I found out what's my 4-hour swing high, my week high, and my 4-hour swing low, right? Which is my strong low, right? So, just by doing this alone, you can see how I pretty much limit my focus from like all of this random price action, which is irrelevant and is is in the past, to what price is doing right now in the present moment. Right? And this is the range that I want to be focusing on. So, before you talk about buyers, before you talk about liquidity or supply and demand zones or anything in general, you need to figure out one thing. Where are we inside a higher time frame range? Because if you don't know that, you're pretty much going to be making decisions blind. Right? So, this is exactly why we actually map out the 4-hour range. Once again, very simple, just find the most recent swing low and swing high, and that's your range. So, once you've identified your higher time frame swing range, now you want to ask yourself, are we trading at a premium, discount, or the middle? And here's what I mean, right? In order for you to answer this question, you need to use the premium and discount tool. So, you can just go on the TradingView, come here, go to fib retracement, and you can drag it from the swing low all the way up to the swing high, just like this. I'm going to show you the settings on how to set up this premium and discount tool on the screen right now, right? So, you can pause this video and just copy these exact settings. But once you copy these exact settings, you will have something just like this, and basically, you can see this gray box right here. This is price within the premium pricing. This is price at the top of the range. And then this means that price is expensive, okay? And then below here, this means that price is within the discount pricing, right? This is the bottom of the range, which means that price is cheap. So, this means that when price is in the premium pricing, I don't want to enter for a buy. I don't want to buy when things are expensive. I want to buy when things are at a discount, right? When price is down here, which means that when price is expensive, I'm looking for shorts, right? I'm looking to short somewhere around here, or I'm staying patient, staying out of the market until price comes to the discount, then I start looking for buys, right? And then when price comes down to the discount, right? Below the equilibrium level, which is the 50% level, this means that price is cheap, right? So, now I'm looking for longs and now I can potentially trade the move to the upside. And when price is in the middle of nowhere, like you can see in the middle of this range right here, this is where most retail traders donate money to the market or donate money to people who actually understand what they are doing, right? Because when price is in the middle of nowhere just like this, it's chop. It's very difficult for you to identify your bias. It's price being indecisive, right? And this is where you will get picked up like multiple times because you really don't understand like what's going on in the market. So, my rule is very simple. When price is in a premium, above the equilibrium level, look for sell. When price is below the equilibrium, within the discount level, right? Within the discount zone, look for buys, okay? It's just like when you go to supermarket, you want to buy when price at a discount. You don't want to buy stuff when it's expensive. And then in the middle, reduce risk, right? Or just don't trade until price reaches an extreme zone, which is either within a discount pricing or the premium pricing. This one step alone will instantly clean up your bias, right? Because now you're not guessing direction, you're trading location. You know exactly where to buy or sell so that you can actually capitalize on the next move to the upside or to the downside. So, that's the first step, right? You can see just by doing this first step alone, I'm looking at this, I know that, okay, cool. Right now price is within the premium pricing. So, I want to look for shorts, right? At least short it all the way down until price comes down into the discount pricing. And then once price comes into the discount pricing, I'm going to switch my bias and look for longs, right? So, that I can trade the continuation of this move and this is where the internal structure starts shifting bullish and now it's aligned with the higher time frame structure and this is where you can expect price to create a new higher low for price to continue going up and take out this higher high and just continuing this bullish market structure. Now, step two is that you want to mark liquidity, AKA where the stop orders are. Right? So, once you have figured out whether we are in a premium and discount, the next question you should be asking yourself is where's the obvious money sitting? Because price doesn't move randomly. It move to where orders are, which is what we call liquidity pools. Right? Because remember, smart money need that fuel in order for them to push price in the desired direction. So, I'm not going to go through every single type of liquidity pool in this video. I've already done multiple videos on liquidity. You can find it on my channel. So, to keep things simple for this video, I'm just going to share with you the two main liquidity pools that you should be using to unfollow daily buyers. The first liquidity pool is the prior day high and prior day low. Right? So, you go to the daily candlestick and what you want to do is to look at the previous day. Right? So, this is today candlestick. This is the previous day candlestick. Right? So, if I'm looking at this just like this, you can see when you look at this previous day candlestick, this is the highest point that price went to during the past 24 hours. And this is the lowest point where price went to during the past 24 hours. Right? So, it's literally just yesterday's high and low. Right? So, you want to draw a line just like this to mark that up. Right? Because when you do that, you are pretty much just identifying the magnets where there's a ton of stops and breakout traders which are like just patiently sitting to like trade it. So, this was the candlestick that was formed yesterday, right? And if you look at the candlestick that was formed the day before yesterday, like this one right here, you will see that what happened was that price actually came down and swept the prior day low before pushing to the upside. Similarly, it did come down to sweep the prior day high before pushing to the upside as well. Right? So, let me just like change this color to red so you can clearly see what that looks like on the lower time frame itself. Okay, so if you go down to the 4-hour time frame, you can see what happened. This was the prior day high. Price went up there, swept the prior day high, started reversing. This, somewhere around here, this was the prior day low. Price came down here, swept the prior day low, and then started reversing. Right, so that is why we actually try to identify our prior day and high and our low because, like I said, that is where retail traders are breakout traders that are looking to trade those zones, and that's where they're placing their stop losses or they're placing their stop orders. Right, so we can expect some form of liquidity to be sitting at those areas right there. Now, the next type of liquidity pool is equal highs and equal lows. If you see two or three highs at the same time, that's not resistance level, right? That's a stop loss pool. Same for equal lows, right? So, in this example, price came down here, goes up, comes down, goes up, and then comes down, right? So, you can see equal lows right here. Guess what? There's a bunch of liquidity right here. Price is coming down here, sweeping the liquidity below these equal lows, and right now we're pushing to the upside. Right, same thing right here. Okay, over here we got equal highs. So, now we can expect price to come up there, sweep those equal highs, and for price to go down even further. So, when you're doing this, you want to ask yourself one question. Which side has the most obvious liquidity to run first? Which means that if you are sitting within a premium pricing and above us, there's a clean prior day high just like this, plus equal highs, what do you think price wants to do? Obviously, if price want to go down even further, it has to come up there, sweep the prior day high liquidity, sweep the available liquidity above these equal highs, and then use all of this liquidity to fuel price for price to go down even deeper. Once again, it doesn't have to, right? But if it wants to create a huge move to the downside, this is the move that we are waiting for, right? This is the liquidity sweep that we want to see before we get confirmation that price is going to head down even lower. Now, similarly, if we are sitting within the discount pricing right here, and let's say below here there's like equal lows, okay? Equal lows, available liquidity right here, prior day low right here, liquidity here as well, then what can we expect, right? We can expect price to later on come down, sweep the equal lows, right? Sweep the prior day low liquidity, whatever, tapping into the discount pricing right here, and then starting to reverse and hit up. Okay, so here's a disclaimer. When you have a liquidity sweep, it doesn't mean that price is going to reverse massively straight away. Liquidity just means target. It means where price tends to gravitate towards, which means that price might come down here and sweep the liquidity below these lows right here, but it doesn't necessarily have to reverse. It can just continue going down even further. Because in this particular case, supply might be stronger than months. There There might be more sellers than buyers in the market, and sellers might still be in control of the market, so there is insufficient liquidity right here for price to actually reverse. So as a result, price is just going to continue bearish. But either way, you need to know exactly where the market is pulling to first, because this allows you to figure out your immediate bias, right? So you know exactly where price is going to go towards, gravitate towards the next few hours or so. So once again, step two is literally just marking up your prior day high and prior day low, and then you also want to mark up any sort of like equal highs and equal lows, because those are the price points where we can see there's available liquidity. And then based on that, you can decide which side is the most obvious magnet. Right? So over here, what I want to see ideally is for price to come down, sweep these highs before going down even further. Once again, doesn't have to happen, right? But that just gives me an additional like sort of sense on where I can expect price to give it to its next. Now, step three is the part that most people skip and that is why the buyers keeps flipping every 15 minutes, right? That is why they don't understand what they're doing when they go on through charts. Step three is to figure out the story. It's to build a narrative. To understand the objective of price, which means to determine whether we are in a continuation phase or a reversal phase. Because at any given moment, price is only going to be doing one of two things. It's either in a continuation, right? Continuing the trend that was established. Or it's in a pullback phase, right? Where price is pulling back so that later on it can continue with the established trend, right? So in this particular case, price went up. Continuation, pullback. Continuation. And then now, which phase are we in? We are in a pullback phase, right? Price is just a bearish in the short term to facilitate the pullback. And then, the next phase is going to be the continuation phase again, right? Because the market move from imbalance to balance to imbalance to balance to imbalance again. That's the app and flow of the market. That's the heartbeat of the market. And here's the key. There are only two types of trend you need to understand. Pro higher time frame trend, which means that the lower time frame is aligned with the higher time frame trend. The lower time frame is moving in the same direction as the higher time frame. So right now, the higher time frame, the daily time frame was showing us that price is going up, right? So right now, if I want to trade pro higher time frame trend, I want to be trading the continuation move to the upside. The second type of move is the counter higher time frame trend. That means you're trading against the higher time frame trend. So in this case, higher time frame trend bullish, right? So if you're trading against the higher time frame trend, that means we are bearish. We are bearish in the short term, right? So this means that the lower time frame is moving against the higher time frame, right? Once again, this is just price shifting bearish in the short term to facilitate the pullback. So, the rule is if you are counter higher time frame, we are in a pullback. So, you want to trade in a pullback direction until it completes. If you are in a pro higher time frame trend, that means we are in a continuation. So, you want to trade with the trend. And here's a quick warning for beginners. I don't recommend you trading counter higher time frame trend and counter lower time frame trend. Because that's how you get chopped up and start revenge trading. What I mean by that is that when price is against the higher time frame trend, that means we are in this pullback phase right here. That is the lower time frame trend. You can see lower time frame trend is bearish okay? Which means that if you trade counter lower time frame trend, you're going against the bearish lower time frame trend, and you're trying to enter for buys when price is clearly bearish right here. So, what happens is that you try to enter for buy right here, you try to enter for a buy right here, and as a result, you're just going to be catching a falling knife. You're just trading counter everything, right? And that's just not going to be effective, right? Because you are literally trading against the lower time frame trend, against the higher time frame trend, you are literally going against the institutional flow of money. So, once again, beginner, even like advanced and intermediate traders, you're much more better off not trading both counter higher time frame and counter lower time frame. And here's the rule of thumb. You basically always want to be trading with the internal order flow. Right? So, if the internal order flow is bearish just like this, right? The lower time frame trend is bearish, you just want to continue trading this bearish move, right? Just continue shorting the market until price comes down to the discount pricing, right? Until price starts reversing. Once again, you want to trade what price is currently doing, not what you hope it would do. Like I can sit here and say, "Oh my god, please, please go up, man, so that I can enter for a buy." And then I enter for a buy. Well, that's me trading what I think the market will do. And that's not me trading what the market is actually doing right now. And I want to be trading what the market is doing right now. Right? So, if the market is going down, you should be selling. If the market is going up right now, then you should be buying. As simple as that. And then, once price eventually comes down deeper into the discount pricing, then you can look to trade reversals. Because the deeper price comes into the discount pricing, the more extreme the zone is, right? Maybe like this demand zone right here, the higher the chance price is getting to ready to turn at any given moment. Now, this video is about setting daily bias, not entries. Right? Because bias tells you which direction to hunt in, and where price is likely headed towards next. But your entry model tells you when exactly to execute, how to execute. Right? So, I'll just give you like a simple rule of thumb for confirmation in a second. But if you want my full entry checklist, I will highly recommend you to check out my other videos my other tutorials in the Market Mechanics playlist below. Right? You can just go and binge-watch the entire playlist, and I can guarantee you you will learn so much in that playlist alone, much more than any 997 trading courses that you can buy online, okay? So, basically, just to keep things simple, if my bias is bullish, I only want to look for longs after price have a liquidity sweep, and there's a market shift, or a break of structure on the lower time frame. Right? So, in this case, price is actually still bearish because price is creating lower highs and lower lows. So, let's say this is the last lower high. Right? So, now I'm not going to enter for a buy until price take out the last lower high, confirming to me there's a shift in structure, and that's after some form of liquidity sweep. Right? And when that happens, I got my market shift, then now I can immediately just jump in and look for longs and just trade the continuation. Because now I got confirmation that the internal structure, the lower time frame trend has officially shifted. If your bias is bearish, it's the exact same thing but flipped around. Right? So, instead, what you want to do is that you want to look at this right here. Right, let's say price is coming up here mitigating this 4-hour supply zone. All right, cool. What I'm going to look for is for price to start shifting bearish in the lower time frame. So, this is the last higher low, right? So, I want to see price take out the last higher low after sweeping some liquidity maybe like right here maybe even above like this equal highs right here. And then when that happens then that time is that okay, right now price is shifting bearish, you know, we are going deeper into the discount pricing. Okay, so in this particular case, right, you can see price did came down taking out the last higher low right here giving us the market shift that we need, right? So, let's say we decide to enter for a sell. Once again, I'm not going to dive deep into entries and exits in this video just going to like show you the example itself. So, once you enter for a sell right here, right, you got the entry confirmation whatever whatever and what you can do is to place a stop loss at a price point that invalidate that trade idea. Right, for me it's most likely going to be at this swing high. If it's uptrend, right, if I'm trading the reversal it's going to be below the swing low. And for your take profit you want to make sure that you only pick one target, right, which is step four, right? Step four take profit. Just pick one target. Once again, this is where so many people mess up because they mark 10 different targets, right? They want to set that take profit right here. They will also want to exit here. They also want to exit all the way down here, right? That's not how you do it, okay? When you do that what happens is that you're going to panic and you're going to manage the trade different ways at different price points. So, you only need one target for your daily bias, right? Because bias is not where price can go. Bias is where price is most likely to go next. So, when you're setting your take profit, you want to ask yourself what's the most logical magnet from where price is right now, right? Like where's the next price point where price is going to gravitate towards next? So, to me there are three mag decks that I really care about. The first one is the prior day high and the prior day low. Like I said, it's literally just yesterday high and yesterday low, right? Because that's where liquidity is sitting at. So, what you can potentially do is that you can target the prior day low just like this. The second sort of place to take your take profit is to actually ask yourself, what is the opposing zone, right? So, if we are in a premium pricing just like this and we are looking to short at a supply, I'm going to be taking profit at the next demand zone. Okay? If you are in discount pricing and we are looking for longs, right? Then I'm going to be taking profit at the next supply zone, right? So, what's the opposing zone where I can expect some form of reversal, some form of opposing um participants to enter into the market. And then the third place where I can place a take profit is an unfilled imbalance, okay? If there's a clear inefficiency, price tends to come back and fill it up, right? So, imbalance is basically when there's a gap in price. Like for example, in this case big bullish candlestick over here. And if you look at the candlestick after the big bullish candlestick low right here, you can see there's a gap just like this and this is what we call the imbalance. Once again, not going to dive too deep into this concept. I already done a video on this. It's in the liquidity concepts lesson, right? So, you can go and check that out, right? But this could be another place to place a take profit, right? At this imbalance right here. So, once again, just don't overthink it. Basically, you just want to target the opposing side. If you are entering for a sell at a supply zone, you target the next demand or the next swing low or the prior day low. If you are entering for a buy at a discount pricing, right? You want to target the next supply zone or the next swing high. As simple as that, right? So, in this case, if I enter for buy right here because price maybe mitigate this demand zone right here and it's discount within the discount pricing, I'm going to be targeting the next 15-minute supply, which is right here. And as you can see, literally price went there, started reversing and heading down. So, one target, one direction, now you actually have a plan. The last step, step five, is to define invalidation, right? Once again, this is the part that separate traders who have a plan from traders who who just cope. Because a real bias is not just I think it's going to go up. No. A real bias includes the line in the sand that says, "If this happens, then I'm wrong." So, here's the mindset that I want you to steal. Good traders think about their next move. Great traders think about their next five move. And the consequence of the consequence of their actions. Right, so they are literally just thinking about what could possibly go wrong. And they are like literally like just playing out the different scenarios in their head before they actually enter for the trade itself, before they actually confirm the daily bias. So, your job is very simple. Just finish this one sentence. My bias is wrong if X happens. You can fill up X with whatever you want. So, give you an example. If my bias is bullish, then my bias is invalid if price breaks and hold below my key level. Not just a wick, but a real break and acceptance. And in this case, if my bias is bearish, then my bias would be invalid if price came up here and hold above this key level right here. Okay? So, once again, cannot be a candlestick wick break, it must be a reclaim and acceptance. So, here's the discipline rule that will save your account and save you from making stupid decisions and make stupid mistakes and incur unnecessary losses. If my bias is invalidated, I reset my bias. Okay, so if price actually go up there, take out this high right here, boom, I'm reevaluating what the market is doing right now. I'm not going to be imposing my will onto the market. I'm not going to be revenge trading. I'm not going to be doubling down. I'm not going to make back the loss. No. I accept the fact that I am wrong. And I reread the market. I reevaluate the situation. Once again, if you don't have some form of rule just like this to invalidate your bias, to invalidate your trade idea, then you don't have a bias. You have hope. And hope is outsourcing your responsibility to luck. And luck is not a strategy, my friend. So, those are the five steps to actually develop a daily bias, right? So, let's just play price forward to see what price does next. Okay, eventually price comes down here, right? Come down into the discount pricing. Okay, once price comes under discount pricing, we can expect price to start reversing, right? But then, we don't want to enter for a buy until price take out the last higher low, right? Because right now we are technically still bearish, right? So, if you want the price to start shifting bullish, we need to wait for price to take out this high right here. And eventually price take out the high, and right now we are shifting bullish. So, right now this is where the time frame trend is aligned with the higher time frame trend. Internal trend, bullish. Higher time frame trend, bullish. And now you can trade in continuation with the higher time frame structure. As simple as that. All right, let's quickly go through another example. This time on Bitcoin chart. As you can see on the left-hand side, I got a chart. On the right-hand side, I actually got a trading plan. Once again, the cool part about Edge Flow is that one of the features is called Edge, which allows you to actually build your trading plan on there. And you can actually review your trading plan, actually like analyze the charts while having a trading plan right next to you, right? So, that's that's a cool thing. I thought that it'd be pretty cool to actually use my software to actually showcase this strategy to you. Anyways, let's dive into it, right? So, Bitcoin obviously bearish right now. Price is creating lower highs, lower lows, lower lower lower lower lower lower lower lower lower lower lower lower low, whatever, right? So, if I'm looking at it just right there, I can see the first step is to mark my higher time frame swing range and my premium and discount, right? So, swing high, swing low, okay? This cannot be swing low yet because price is not make like a decent pullback. Yeah, I want to see price make like a significant pullback. Once price make like a significant pullback just like this, boom, swing low forms. Swing high, swing low, next take out premium discount tool, premium discount, boom, then then. And now we know that price has entered into the premium pricing. This is where we can start looking for shorts, right? And the next question to ask yourself is, okay, where's the available liquidity? Right? Where's the Friday high, the Friday low, and is there any equal highs and equal lows? So, what I want to do now is to go to the daily time frame to find the most recent daily candle which is this one right here, Friday high, Friday low. So, ideally I want that to get swept. Go back down to the 4-hour time frame and ask yourself whether there's any like equal highs and lows nearby, right? So, in this particular case, there is price goes down, push back, comes down, push back, and it goes down. So, there's not really like equal highs and equal lows, but if you guys watch the liquidity lessons, you will know that this means that there's available liquidity sitting above those highs right there. Okay? So, later on let's see what price does next, okay? Later on price came down here. You can see it swept the Friday high. Once it swept Friday high, it started reversing into like this demand right here, then started going up. So, if you're a scalper or intraday trader, you could potentially look for nice shorts right here the minute price swept the Friday high. Okay? But in this case, that doesn't really matter, right? Because what we saw was price going up even deeper into the premium pricing to actually see the available liquidity above above these highs right here. So, the next step is to ask yourself whether we are in a continuation phase or a pullback phase, right? It's to build the narrative, it's to build the story. So, obviously we see that price is obviously in the pullback phase since price have shifted bullish in the short term to facilitate the pullback. So, what we want to do is we want to continue buying, right? Continue buying, continue trading this internal order flow until price comes into, you know, deeper into the premium pricing, maybe come all the way up here to this extreme supply, or even like this next supply zone right here. Right? So, I personally would keep on buying buying buying buying buying until price reach here. Once price reach here, I'll stop buying and I'll start to re-evaluate the situation to start looking for reversals. Right? To see when price is shifting bearish, and that is where I want to, you know, trade in that direction itself. Right? But, let's continue to play price forward and see what price does next. Internal structure continue bullish. Right? And what happens is price came all the way up there and swept the available liquidity above the previous swing high. Once again, not going to dive too deep into entry and exits in this video. I just want to show you how to really like find out your daily bias. Right? And you can kind of see like my thought process while I'm looking at this move right here. So, at this point of time, price swept this swing high. Actually, I just realized that is actually equal highs right here. Price went up, pull back, goes up, pulls back. Equal highs, ladies and gentlemen. Right? So, price went up there, swept the available liquidity above the equal highs. Right now, he has also came very deep into the premium pricing, and we are also potentially done with the pullback phase. Right? Right now, price might get enough liquidity to cause price to start heading down next. Right? So, if you do, right? What you can do is look for extra confirmation, your market shift, or your liquidity sweep, whatever. When that appears, start shorting the market down because now the market is reversing and heading bearish. And then, what you want to do is to pick one target. Right? Place your take profit at like the next opposing demand zone, or the next swing low. Right? Maybe like somewhere down here, or even all the way down here. And then also, what's your invalidation? Right? You need to define that. So, to me personally, if price actually go up there and take out this high right here, the protected high which have swept liquidity, you know, just does this, then I know we are shifting bullish. Right? My bias is no longer bearish. My bias is wrong if price actually take goes up there and take out this 116K level right here. Right? So, let's see what happens next. All right, price continued dumping, right? So, since price did not went up there and take out this high right here, our bias is valid, we are bearish, and right now we are indeed shifting bearish. Right now, the lower time frame is turning bearish, and it's aligned with the higher time frame as as well. So, this is where you can start to see this is potentially the new lower high that is being formed in this bearish market structure, and it can potentially target this next zone right here, right? And let's watch what price does next. Price will then continue coming down here, chop a little bit, come down, smash our TP right here. We didn't set TP, but like you get the point, right? That's how you pretty much develop and trade the daily bias itself. Very, very simple, okay? You can see I pretty much did that in less than 5 minutes. Like I said, five steps, 5 minutes, one trade plan, one strategy. Literally as simple as that. No need to complicate things. Now, I know you're super excited to go out there and try this strategy and make some money, but before you do, I want to call out the five mistakes that make people inconsistent even when they have a strategy just like this, right? Even when they technically know what to do. And once again, I'm saying this from experience, right? Because over the past few years, I've coached thousands of traders. And inside the 1% Club, I've had hundreds of students go on to become six-figure funded traders. Recently, there was a student who got 850k in funding, and right now he's on the way to scaling to a million dollars, right? So, basically, coached a lot of traders, have a lot of knowledge and experience, and to me, what's funny is the ones who stay stuck usually aren't missing some secret entry model, right? Because they're getting the same exact information as the people who go out there and win. But the people who stay stuck, they are sabotaging themselves with the same few mistakes every single week, right? They do the same over and over again, and they expect different results. They play stupid games, and they win stupid prizes, right? So, let me show you the five most common, biggest mistakes ever. The first mistake is that they try to find a daily bias a 5-minute timeframe. When you start off with the 5-minute timeframe, you'll realize that there's a lot of noise, right? There's a lot of price going up, down, sideways, you know, a lot of random volatility, and a lot of like BS, right? So, what happens is that you end up reacting to every single move right here, trying to guess where price is going to go next in the next 1 second, instead of planning out your daily bias, right? So, don't do that. When it comes to your daily bias, always go from the higher timeframe first. You only use the lower timeframe like the 5-minute for entries, for execution. Mistake number two is you have a feeling, okay? We all know that trader where when you ask him, "Yo, bro, why do you enter for buy?" Then he say, "Oh, well, I I feel bullish." Feelings aren't a framework, all right? Emotions aren't a strategy. End of the day, real bias requires you to follow a plan just like this. Requires you to figure out a target, requires you to figure out a invalidation. If you cannot say your bias in one sentence, you don't have one, right? So, for example, for me personally, when I was looking at this just like this, I know that, okay, my bias is bearish because right now price has came into the premium pricing, swept the available liquidity, and the internal structure is shifting bearish. That's it, right? That's it. Mistake number three is trading mid-range chop, right? When you're trading in the middle of nowhere just like this, middle of freaking Wyoming, right? Not at the extreme zone, not at the premium pricing, not at the discount pricing. When price is in the middle of nowhere, right? When price is just choppy, going sideways, once again, you're going to fall victim to a lot of fake outs, a lot of indecisiveness in the market, right? And it's just unprofitable, right? Just remember that the most profitable trades are only taken at the extreme, either at the premium or the discount pricing. If it's mid-range, if it's consolidating, if it's sideways, it's either you stay out of the market completely and wait for price to come up to the extremes. Or, if you do want to trade this, reduce your risk, right? Use like a smaller position size. Mistake number four is changing bias after every single candlestick. Oh, price is shifting bullish right now? Okay, cool. I was bearish just now, but I guess not, right? I'm no longer bearish because there's this big bullish candlesticks right here. That's not how you trade, right? Remember, your bias only change when your invalidation is hit. When this rule appears, then you can tell yourself to re-evaluate the situation of the market, to change your bias. Okay, but if you're switching your bias every single minute, every single time, because every single candlestick move, then what happens is that you're going to be overtrading, you're going to be revenge trading, you're going to be chasing trades, you're going to be trading with your emotions. And when you do that, you're no longer trading the market, you're trading your mental well-being. You're trading your belief about the market. And the final step is the biggest one. It's not trusting your bias. Now listen. If you've done your research, you have done your preparation, you have done your analysis, you have done the work to actually develop your bias, why would you not trust it? Well, because you're incompetent. Someone has to say that, right? Someone has to say that you ain't When you have never gathered enough trades to know if your bias process actually works, you tend to second-guess everything. Remember, you don't build trust in your system by shouting affirmations in the mirror. I am good. I am profitable. I am profitable. I am I can develop my bias. No, it's you can't build trust by affirmations or manifestation or visualization. You build trust in your system by gathering so much data that is unreasonable not to understand your edge. Because conviction comes from confidence. Confidence comes from competence, and competence comes from consistency. Okay, let me repeat that. It's a loop. Consistency breeds competence. Competence breeds confidence and confidence breeds conviction, which allows you to trust in your trading strategy, which allows you to trust yourself. So, if you are inconsistent with your actions, you will never have conviction in your trading strategy and in yourself, which also means you will never have consistent profits. As simple as that. So, here's my challenge for you, right? Take this trade plan right here and I want you to commit to something just like this. Commit to one bias checklist just like this for the next 30 days. And when you do that, I want you to track the outcome of every single trade that you take after reviewing this trade plan. Right? Whether your bias was right, whether your bias was wrong. And if it was right, why why didn't it work out? If it was wrong, why didn't it work out? And after these 30 days, at the end of these 30 days, review every single trade outcome. Trust me, you will get so much information from these 30 days than your past few years of trading. Because remember, the best information about your trading isn't found in trading videos, isn't found in trading books, isn't even found by listening to me. The best information about your trading is your trading. Okay, let me repeat that. The best information about your trading is your trading. If you want to get better at trading, you have to review your trade. Because when you do that, you can find out what works and what didn't works and you can do more of what works and less of what doesn't.