|
Quote: |
|
 |
|
|
I typically approach each market day with the intent not to trade. I'll have to be convinced by price action that a bullish or bearish bias had entered the markets before I put on a trade. |
|
|
|
|
Very interesting approach to the markets MrPaul. I never though of this but seems like a good way to discipline yourself in taking quality setups only.
Pierre,
I also do my daily analysis and approach the markets with a slight bias. I dont have basic rules as to look for long setups if price is above the opening price,
POC, or daily pivot. What I usually do is to see if a low or high is in place.
What I especially like to watch for the early opening reversal and if price can make a higher low or lower high, I will use this information to focus on long or short setups. Of course market sentiment constantly changes so its important to be able to adjust with the fast changing environment.