MY SIMPLE 3 STEP DAILY BIAS
FRAMEWORK
THE BANK TRADING
CONTENT
00 WHY DAILY BIAS
01 MARKET FUNCTIONS
02 STEP 1: PREVIOUS CANDLES HIGH/LOW
03 STEP 2: ORDERFLOW/PROGAM
04 STEP 3: DAILY CYCLES
05 FREE TEMPLATE
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1. WHY DAILY BIAS?
Daily bias does all the heavy lifting for you, it
provides a framework
Your aim as a daily bias trader is to forecast
the expansion of the next daily canlde
It requires critical thinking, initially its not easy,
but once you can do it consistently, you build the
confidence to be able to do it over and over again
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1. MARKET FUNCTIONS
REBALANCE FAIR VALUE SEEK LIQUIDITY
The market only has 2 functions, to seek liquidity or rebalance fair value, price is forever moving
between these two arrays.
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1. MARKET FUNCTIONS
Here is how they exist inside the market
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1. MARKET FUNCTIONS
SECRET TIP: FAIR VALUE UNDER/ABOVE AN OLD LOW/HIGH
AND THE MOST HIGH PROBABILITY DRAWS ON LIQUIDITY
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1. MARKET FUNCTIONS
Example:
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2. STEP 1: PREVIOUS CANDLES HIGH/LOW
WHEN A CANDLE PRINTS THERE
ARE ONLY 3 OUTCOMES...
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2. STEP 1: PREVIOUS CANDLES HIGH/LOW
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2. STEP 1: PREVIOUS CANDLES HIGH/LOW
WHICH ONE
OCCURS MOST
FREQUENTLY?
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2. STEP 1: PREVIOUS CANDLES HIGH/LOW
This profile occurs 75% of the time
( so we assume this will occur)
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2. STEP 1: PREVIOUS CANDLES HIGH/LOW
WHERE IS THE DRAW
ON LIQUIDITY?
THINK ABOUT PROXIMITY
This candle is (HOW CLOSE WE ARE)
still forming
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2. STEP 1: PREVIOUS CANDLES HIGH/LOW
PREVIOUS CANDLES LOW
TAKEN
THINK ABOUT THIS IN
TERMS OF:
DAILY CANDLE
WEEKLY CANDLE
MONTHLY CANDLE
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3. STEP 2: ORDERFLOW/PROGRAM
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3.
2. STEP 2: ORDERFLOW/PROGRAM
CHANGE IN STATE OF DELIVERY: THE SWTICH FROM BUY TO SELL PROGRAM OR VICE VERSA
THIS CAN BE DEFINED WITH AN ORDERBLOCK OR THE INVERSION OF AN FVG
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3. STEP 2: ORDERFLOW/PROGRAM
GAUGE THE ORDER FLOW ON THE DAILY
THEN WHEN YOU ARE LOOKING TO TAKE A TRADE MAKE
SURE THE H4/H1 ORDERFLOW IS ALIGNED WITH THE DAILY
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3. STEP 2: ORDERFLOW/PROGRAM
Example: Putting
these concepts
together so far
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3. STEP 2: ORDERFLOW/PROGRAM
Example: Putting
these concepts
together so far
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3. STEP 2: ORDERFLOW/PROGRAM
Example: Result
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4. STEP 3: DAILY CYCLES
DAILY CYCLES IS WHAT WE USE TO FRAME THE INTRADAY
EXPANSION AFTER WE ARE CONFIDENT THAT THE
FOLLOWING DAILY CANDLE IS LIKELY TO EXPAND
I HAVE AROUND 7 DIFFERENT CYCLES (SOME OF THEM I
CAME UP WITH MYSELF). THIS IS ONE OF MY NECCESSARY
CRTIERIA TO EXECUTE A TRADE.
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4. STEP 3: DAILY CYCLES
I CREATED A FLOW MAP FOR STUDENTS SO THEY COULD EASILY IMPLEMENT THE DAILY
CYCLES
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4. STEP 3: DAILY CYCLES
Here is an example ICT
gave us: This is known as
a Classic Expanson
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4. STEP 3: DAILY CYCLES
Here’s my original drawing of it:
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4. STEP 3: DAILY CYCLES
Remember this
example from THE
previous slides, lets
investigate how this
daily candle
unfolded
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4. STEP 3: DAILY CYCLES
Look familiar?
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HERE IS EVERYTHING BEING PUT TOGETHER IN 1 PICTURE:
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5. FREE TEMPLATE
CLICK HERE: NOTION TEMPLATE
OR PASTE THIS LINK INTO YOUR BROWSER:
HTTPS://PERIWINKLE-BEECHNUT-
5C0.NOTION.SITE/BIAS-
AA5E070D77C546C19FB975A4882CF79C?
PVS=4
Use this template to test your ability to read daily bias and improve
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HOMEWORK TASKS
USE TEMPLATE
Read through the Notion
template and create your own
documents
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IF YOU WANT TO LEARN 3 OF MY DAILY CYCLES FOR
FREE + TONS OF OTHER VALUE INCLUDING:
GO AHEAD CLICK THE LINK ON THE NEXT PAGE
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CLICK HERE TO GET ACCESS
FOR FREE FOR 7 DAYS
OR PASTE THIS LINK INTO YOUR BROWSER:
HTTPS://WWW.THEBANKTRADING.CO.UK/
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