Determining Intraday Bias/direction

hey everyone,

I was wondering how everyone does their analyze on which way the market will most likely move, I know nothing is absolute in Forex, but how can I properly analyze the charts to determine which direction the market will mostly move?

I know looking at higher tf could help, how nikkei or ftse could affect certain pairs like eurjpy, usdjpy or gbpusd.

Like when London opens, or NY, how can i properly determine the intraday bias?

Any suggestions?

I don't mean to be harsh but you might as well ask "How do I trade?" You obviously have a lot of studying to do and I suggest a start by reading the "Sticky" threads at the top of this section, especially PeterFM's help for newbies. Another greta resource is babypips.com.

But here is a lesson in trading. Everything you need to know in two charts.

Chart No. 1:



This is a weekly chart with some areas of support and resistance marked.

Chart No. 2:



This is the same chart but switched to daily chart. As you can see the bias was down but now we might hesitate to place a down order? We might be looking for up orders?

I have already told you too much and experienced traders will be after my blood. Don't tell anyone who told you this.

I am a fugitive...

thanks for the interesting reply, i already am trading successfully, however how i was simply curious what everyone else was doing, trying to see if i was missing anything.

Keep it simple is my best advice. This is what you could be missing:

MAN thats as clear as mud

regards damien