Well I have alot to be thankful for. I am alive and survived a motorcycle crash yesterday afternoon… praise God! I have a few broken ribs, collarbone and scapula damage… the pain is relentless, let me tell ya. 
So we have monitored three days of price action and there has been quite a few trade candidates presented based on the small list of parameters we outlined in the earlier posts of this thread.
I will try to post my charts in .jpg format so this might help those who didn’t see the posted charts clearly or at all.
First things first… I see a few trades posted that I find encouraging… nice tool usage. This post I wanted to touch on trading bias or direction for the day.
Many traders find themselves scratching their heads every day or night wondering what direction should you be focusing on in your trades.
Here is a question for you…
How many days did you find your trades multiple times buying and multiple times selling? Maybe your trades made money but did you find yourself giving it all back and worse with interest? 
Let’s talk about directional bias and how to exercise professional trader’s patience:
[B]Long Term Charts Have The Strength[/B]
First and formost… if you do not refer to your daily charts, you are going to eventually see huge swings pass you by and worse yet… trade into something bullish on the intraday charts which might be a bear with blood on his mind… let’s not do that folks.
The daily Support and Resistance levels and Swing highs and lows are critical in swing setups that pay ridiculously for the smart patient trader. You want your trades to be in the market flow of the daily and hourly charts… not soley on the trend of a 1 or 5 minute chart. This is dangerous… even if you are scalping. (let me know if you scalpers need tips here)
[B]Which Way To The Emerald City?[/B]
Every day or night which ever you start your new session analysis for trading, you should have a checklist. This should be written down… not mental. It’s forced discipline and we’re working with your money afterall… would you trust your bank teller to take your deposits and remember to deposit them in to your account, no, you expect her/him to write it down and record it. Expect paperwork when successful trading is your goal.
This checklist must be clear, objective and identifies everthing you would need to be mindful of for that trading day or session. If you have a solid checklist this will guide you to consistent profitable trading which aids your development in patience and removes the chances, if followed, in overtrading.
Your Preflight Checklist:
Every pilot before flying goes through a systematic preflight checklist. Since everyone in trading wants to be Top Gun material… this is a must for long term success.
What would a Preflight checklist look like? You might be asking yourself… or what would it include?
First you want to have the Monthly, Weekly and Daily levels closest to the current market price in fron of you. You want you Daily Pivot levels in written form in front of you. You want the Daily, 4 hour and 15 minute levels noted as well. Not to mention their directional probablity for each.
What price patterns are in the longer term charts that may impact your analysis? Fibonnacci levels to watch for on long term swing retracements in the direction of the market flow?
If the daily is in a down trend and trading lower from a key resistance level and we are not oversold or trading at or near a key daily or longer term support level… this sets the stage for SHORTS only.
On your intraday charts, 4 hour, 60 minute, 15 minute charts you would ideally look for rallies in price up to a Pivot Resistance or Previous Daily High or even Low to provide resistance for price. The longer ter trend or market flow will likely be correcting or retracing intraday and markets trade higher to trade lower… it’s flows 101.
[B]Sniper Trader:[/B]
This is the elite in my opinion. This trade doesn’t care about the 20 pips here or 30 pips there intraday that can be caught be any average trader. The Sniper has a single goal in mind… one shot, one kill. His mark is that 100 pip target that when it finds its way in the crosshairs… it’s on.
This trader will only trade setups with the market flow in his or her favor and wait for days for the right setup. The markets present maybe two or three solid Sniper setups in my experience. These are the pretty highs or lows intraweek most trades daydream of having caught… or maybe were in but jumped ship too soon.
[B]Directional Bias For Dummies:[/B]
We all seen those silly titled books, Auto Repair for Dummies, Cooking Pasta 211 Ways For dummies… well here is my submission to the series as it relates to Directional bias.
First let me say, this is not a be all end all… it like everything else in trading is based on probabilities. Your results will vary and as time goes on, you will know when to expect the odds to favor this method or stand on the sidelines and wait longer… yeah I know, that word again… wait.
In a nut shell:
- Refer to the market flow of the daily charts.
- Daily chart still have flows that could swing higher without being overbought?
- If above condition is met… look for the Daily low to be made in the first 4 hours of new days strading then watch the high unfold based on targets and intraday analysis techniques.
- If daily stage is bullish and 4 hour and hourly are in sync… look for Daily Pivots under the Central Pivots to provide your buy signals.
- If the market opens above the Previous Days High… wait for a retracement back the Previous High for Support. Look for Pivot confluence at or around same High, for buy signals.
- If we open in te BUY ZONE (in the S1-S2 PIVOTS area) expect the low to form in this area and when the low forms and time passes add four PIVOT levels higher to the Low… this is your projected Pivot High objective.
- Pivot Levels tend to see 4 levels filled by number… that means they touch atleast four levels intraday in 24 hours. Time your trades in the daily and 4 hour, 60 minute market flow and use the Pivots as crosshairs to target price objectives to reach.
Reverse for for Shorts.
By doing this and having your checklist in front of you, you can see the levels Market Makers are trying to move flows to based on Pivots, Daily Highs and Lows, Daily support or resistance and note intraweek los and highs… these are objectives for retests. There you have it… directional bias for dummies.
I will present you examples later, but my shoulder is killing me so I’m going to rest for a bit here.
