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Bias

Euro daily outlook Haven't posted a chart much anymore but today I decided to. To say the least, I am bearish on the euro but for the time being... I am bullish. Price is fractal. Looking for the Euro to slide as high as 1.18450 before seeing any sort of significant decline, any retracement shall be minor and in sync to 1.18450. Once we arrive there, the euro should be good to go as low as 1.17450 potentially lower... I am at least looking for sixty to seventy point decline.
Short
by CurranSotomayor
Recency Bias With Streaks and Occurrence FrequencyIn this video idea, I discuss the idea of how to check for bias in recent events in an indicator by requiring that X of the last Y candles meet a certain condition. It is common to refer to recency bias as something that can skew your view on things based on recent events. In this case, I am referring to applying a bias to our indicator based on recent events. I show you how I go about checking for occurrence frequency to require that X of Y candles are red in this example. Specifically, we check for at least 3 red candles in the last 4 or 5 candles. By using float values to represent true or false with a 1 or 0 we can easily sum the values of the 1 or 0 on our conditions for the last Y candles. Once we get the occurrence account we can compare the occurrence that actually occurred to the number we actually required on X. We take this a step farther and show how this might be used by requiring another condition to be true on the current candle as well and plot to share when this next condition is true or false (1:0) as well.
BITSTAMP:BTCUSDEducation
by BigBitsIO
1
Aussies heading into troubled zoneThere are no promises, guarantees or predictions in this. The Aussies have been flattening out at a top - it appears - at this time. There are only two directions for price - nothing new in that. What happens in situations like these is: 1 - either price collapses. 2 - it rockets north. You can imagine what bulls and bears would say to each of the above. Their inherent biases controls their minds. Biases predetermine - quite unconsciously - what logic will arrive at. Hence people get into 'predictions', then punch the air when price confirms their bias. Both the nature of confirmation bias and prevalence-induced concept change should be studied by all traders. Some say ' What's psychology got to do with this? ' I'm sorry for some. How does one control how wrong a bias may be? It's called a stoploss! Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FX:AUS200Education
by Captain_Walker
"The Real" Head and shoulder of the S&P ???I'm posting this as an idea, I thought that the head and shoulder was already here when we touched the 2780 level but we came back because the feds and Powell saying that they will do anything to keep the rally. Now this one (that I have in the picture) might come next week so I hope that the feds can't fight this really obvious technical indicator of a fall. Or, I'm with a sell position and is just my bias of the trade trying to see and catch any false indicator of a big fall. (Although I'm pretty sure it won't go over 2971 or 2980 again). Please let me know what do you think?!!!
OANDA:SPX500USDShort
by CriptoJoe
6
EURUSD, Trading the TrendLooking at the Euro’s value in US dollars (EURUSD) to find the general trend and potential entries and exits. We can see historically, due to the momentum of the trend, that using a trend indicator like our Directional Bias Indicator has led to having a rather successful long./ short bias. Above the yellow line, the bar color is green, and the bias is long. Below, bar color is red, and bias is short. We always want to trade the direction of the trend, but in general, we will want to enter and exit positions along the trend as well. To find entries and exits, we can use our Triggers indicator. In an uptrend, we go long and take profits at L tp (purple arrow), and in a downtrend, we got short and take profits on S tp (blue arrow). Likewise, if we want to find re-entry, we can look for the purple x marked L e for a long entry, and a blue x marked S e for a short entry. In other words, we want to first and foremost listen to the long signals from Triggers in an uptrend and the short signals from Triggers in a downtrend. Right now we have a long bias according to Directional Bias and a long entry according to Triggers. A cross below the yellow line means a short bias from Directional Bias and that means the long is invalidated. Otherwise, the bias from Triggers and Directional Bias is currently bullish on the US dollar against the Euro at the moment... although looking at how close we are to the previous range as defined by Directional Bias, that could change quickly.
by AlphaBotSystem
2
AUD/USD - Short, with added confluence to make this move strongDaily Support created the illusion for people to go long, the stop losses just below. Remember if you buy, your stop loss is a sell. You SELL your BUY position at a worse price! China and Australia's economies are very tied together, due to the corona outbreak the AUD is tanking. This added with the fuel from all the stop losses below the daily resistance zone create a good ammunition to take price down. Plus breakout traders golden rule is usually trade support becoming resistance etc. I entered after a pullback/retracement and break lower on 1hr.
Short
by joebrownFX
200 EMA - best use for entries!I don't use indicators, they're not my style, they lag, they repaint; and in my opinion they don't work. The 200 EMA on DAILY can be useful because of how slow it is. We can use it to filter the direction of which way we trade. Price ABOVE 200 ema = ONLY BUY Price BELOW 200 ema = ONLY SELL Then drop timeframes for your entries via your strategy whatever that may be. If your strategy says go long but price is below EMA, don't take the trade etc... Ignore the EMA on other timeframes lower than the daily. You want a slow daily direction indicator. Don't blindly trade this, wait until price is clearly past the EMA and maintaining a good distance from it. Use it as a guideline if you struggle working out fundamentals to help you filter a direction to trade. NOT TO REPLACE FUNDAMENTAL ANALYSIS!!!
Education
by joebrownFX
NZDUSD: RBNZ On The WayThe Reserve Bank of New Zealand will likely give the Kiwi a boost of volatility in the upcoming Asia session with its latest statement on monetary policy. Expectations are for no change this month as recent economic data has been net positive, and as they wait to see the full extent of damage the COVID-19 is set to do to the world economy. The scenario to watch out for is a more dovish-than-expected RBNZ and reversal pattern back to the downtrend after the event for the bearish market. For the bullish bias, any rhetoric lowering the odds of a potential rate cut this year will likely draw in buying support for the Kiwi, at least for the short-term as recent sessions have shown global positive risk sentiment as the main driver for the financial market. One news which might have earlier sparked some volatility on comdolls could be "WHO's Tedros, the first vaccine for COVID-19 (coronavirus) could be ready in 18 months".
by Anatta0
XAUUSD 24.06.2019WEEKLY: - possible retest of the trendline before further downside - pair bounce on trendline twice (yellow sphere), thereafter, pair broke out (pink sphere). - there could be a possible short opportunity if pair rejects the ascending trendline - pair could spike to the 100% fib before continuing its downward mvnt INVALID IF: - weekly closure above the trendline NB: - watch DXY + SILVER for correlation. - wait for upward momentum to decrease, therefore look for multiple rejections on the daily/ 4H time-frame before shorting - wait for clear rejection on daily + 4H time frame before entering trade - watch fundamental release prior to entering
FX:XAUUSDShort
by YajnaR