Stand Alone Bias | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"You cannot make money (in the long run) from a price chart alone" 37 replies

FX trading isn't just TA or FA alone 3 replies

Stand alone MetaEditor and compiler 9 replies

A "different" crossover system - 600 pips on Friday alone in EUR and GBP 48 replies

Determining Trend Using Price Alone 22 replies

Attachments: Stand Alone Bias
Exit Attachments

Stand Alone Bias

  • #1
  • First Post: Edited 7:30am Apr 17, 2024 2:20am | Edited 7:30am
nothing special!!!
no indicator need!!!
just a common breakout trading strategy for GOLD, US30, NQ, OIL, DAX(haven't tried yet on forex majors)

1- 15mins tf
2- if 15mins candle closed above the bias level, go for long
3- if 15mins candle closed below the bias level, go for short
4- SL $5-7, TP1 $7-10, TP2 for ambitious target or a runner.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 47 KB
"bad trades at times do happen even when the set up are good"
  • #2
  • Edited 2:04pm Apr 17, 2024 7:02am | Edited 2:04pm
watching GOLD NY PA...
2366 bias support
2404 bias resistance

any price closing below 2366, it can drive lower price... next bias level 38-44-55...
any price closing above 2404, it will another NEW high to be printed...

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 44 KB
"bad trades at times do happen even when the set up are good"
  • #3
  • Apr 17, 2024 9:14am Apr 17, 2024 9:14am
17/04/2024

gold bias level 2393...
buy stop in placed, SL -$7 2386, tp1 +$7/10, tp2 ambitious runner...

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 35 KB
"bad trades at times do happen even when the set up are good"
  • #4
  • Apr 17, 2024 10:33am Apr 17, 2024 10:33am
Quoting spijack
17/04/2024 gold bias level 2393... buy stop in placed, SL -$7 2386, tp1 +$7/10, tp2 ambitious runner... {image}
SL hit...
Reverse to sell 2386, SL 2393-94
tp1 +$7-10 or 2366, Tp2 runner...

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 38 KB
"bad trades at times do happen even when the set up are good"
  • #5
  • Apr 17, 2024 11:52am Apr 17, 2024 11:52am
Quoting spijack
{quote} SL hit... Reverse to sell 2386, SL 2393-94 tp1 +$7-10 or 2366, Tp2 runner... {image}
tp1 reach...
some runner at BE+1 sl...
next bias level 48-55...
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 35 KB
"bad trades at times do happen even when the set up are good"
  • #6
  • Apr 18, 2024 1:46am Apr 18, 2024 1:46am
LO session Gold in range...
2366-93...
seems likely to go lower again...
waiting for LO...
"bad trades at times do happen even when the set up are good"
  • #7
  • Apr 18, 2024 10:50am Apr 18, 2024 10:50am
18/04/2024

gold bias level 2379...
buy 2380, SL 2373, tp1 2393, tp2 open...

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 38 KB
"bad trades at times do happen even when the set up are good"
  • #8
  • Apr 19, 2024 2:16am Apr 19, 2024 2:16am
Quoting spijack
18/04/2024 gold bias level 2379... buy 2380, SL 2373, tp1 2393, tp2 open... {image}
TP1 hit....
price come back to 79 and hit my runner BE+1..
let see if another test on 79 will come....
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 35 KB
"bad trades at times do happen even when the set up are good"
  • #9
  • Apr 19, 2024 2:27pm Apr 19, 2024 2:27pm
19/04/24

2378 the bias for gold...
came out $3 short on the target...
closing some position and let on BE+1 some runner for the weekend...
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 40 KB
"bad trades at times do happen even when the set up are good"
  • #10
  • Apr 19, 2024 4:15pm Apr 19, 2024 4:15pm
Hello Spijack,

PSAB ?

Thank,s
  • #11
  • Apr 20, 2024 12:43am Apr 20, 2024 12:43am
Quoting mchl13
Hello Spijack, PSAB ? Thank,s
hey, how are you?
PSAB = previous stand alone bias

it is the bias or price level where i consider significant pivot after the NY equity open (9:30am NY)
"bad trades at times do happen even when the set up are good"
  • #12
  • Apr 22, 2024 3:52am Apr 22, 2024 3:52am
GOLD manic monday, bears on the run...
2378 last friday bias...

2355 act as support, 237-34-48 next level potential buy level...
for now 55 holding in play, hoping to revisit 66-78...
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 30 KB
"bad trades at times do happen even when the set up are good"
  • #13
  • Apr 22, 2024 6:58am Apr 22, 2024 6:58am
Quoting spijack
GOLD manic monday, bears on the run... 2378 last friday bias... 2355 act as support, 237-34-48 next level potential buy level... for now 55 holding in play, hoping to revisit 66-78... {image}
SL reach...
waiting for test 2327-34, and Ny equity open...
no position yet for now...
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 34 KB
"bad trades at times do happen even when the set up are good"
  • #14
  • Apr 22, 2024 9:04am Apr 22, 2024 9:04am
22/04/24

gold BIAS level 2338...
buy stop in placed...
bought 2334, SL 2326
Tp1 2366, tp2 open for runner
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 34 KB
"bad trades at times do happen even when the set up are good"
  • #15
  • Apr 22, 2024 9:24am Apr 22, 2024 9:24am
Quoting spijack
22/04/24 gold BIAS level 2338... buy stop in placed... bought 2334, SL 2326 Tp1 2366, tp2 open for runner {image}
buy stop triggered
"bad trades at times do happen even when the set up are good"
  • #16
  • Apr 22, 2024 1:49pm Apr 22, 2024 1:49pm
SL hit...
next turn...

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 33 KB
"bad trades at times do happen even when the set up are good"
  • #17
  • Apr 23, 2024 5:08am Apr 23, 2024 5:08am
GOLD bear in play...
2275-87 support to look up...
NY will expect to rise it up...
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 41 KB
"bad trades at times do happen even when the set up are good"
  • #18
  • Apr 23, 2024 9:14am Apr 23, 2024 9:14am
23/04/24

gold bias level 2329
shorted, SL at yesterday bias 2338
tp1 2299, tp2 open runner
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 40 KB
"bad trades at times do happen even when the set up are good"
  • #19
  • Apr 24, 2024 2:22am Apr 24, 2024 2:22am
Quoting spijack
23/04/24 gold bias level 2329 shorted, SL at yesterday bias 2338 tp1 2299, tp2 open runner {image}
in sideway...
waiting for NY...
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 42 KB
"bad trades at times do happen even when the set up are good"
  • #20
  • Apr 24, 2024 5:39am Apr 24, 2024 5:39am
Quoting spijack
23/04/24 gold bias level 2329 shorted, SL at yesterday bias 2338 tp1 2299, tp2 open runner {image}
taken partial tp1 at 2315...
at BE for some runner open TP...
"bad trades at times do happen even when the set up are good"
2 traders viewing now