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Trading Bias

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TREND1 Member Level  Tuesday, 08/06/13 05:11:00 PM
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Trading Bias

Establishing a short-term trading bias with a long-term indicator is a recurring theme for trading strategies.

Long-term indicators are used to define the path of least resistance, which becomes the trading bias.
Traders look for bullish setups when the bias is bullish and bearish setups when the bias is bearish.
Trading in the direction of this bias is like riding a bike with the wind at your back.
The chances of success are higher when the bigger trend is in your favor.



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