As a daytrader, I have no initial bias at the start of the trading day. In fact, I think if you have an initial bias when you start the trading day, you will miss trading opportunities because of it.
Any bias I have for the day will develop as the day progresses. It is based on just one observation; The value of todays
VWAP (volume weighted average price). If price action is above the
VWAP, I will look only for long trades. If price action is below the
VWAP, I will look only for short trades. When price action is near the
VWAP, I don't trade.
JERRY