HOW TO FIND DIRECTIONAL BIAS FOR AN UPTREND(TONI IYKE)

About this Video

• Video Title: HOW TO FIND DIRECTIONAL BIAS FOR AN UPTREND(TONI IYKE)
• Channel: Toni Iyke
• Speakers: Toni Iyke
• Duration: 00:12:19

Introduction

This video explains how to identify directional bias in higher timeframes (like 4-hour charts) to improve trading success. The speaker, Toni Iyke, emphasizes that trading in line with the market's overall direction (directional bias) makes it easier to find profitable setups.

Key Takeaways

• Directional Bias: This refers to the overall trend direction of the market on higher timeframes (e.g., uptrend, downtrend, or range). Trading with the directional bias increases the odds of successful trades.
• Market Movements: The market primarily moves in three ways: uptrends (higher highs and higher lows), downtrends (lower highs and lower lows), and ranging markets (oscillating between support and resistance). Identifying this movement on a higher timeframe is key.
• Higher Timeframe Analysis: Analyzing directional bias on higher timeframes (like 4-hour charts) provides a longer-term perspective, potentially leading to trades that last for several days or even a week.
• Confirmation and Reversals: After identifying directional bias, confirmation is sought using lower timeframes (e.g., 15-minute charts) to pinpoint entry and exit points, focusing on reversal patterns when trading against the overall trend.
• Multiple Trades in Same Direction: Understanding directional bias allows for multiple trades in the same direction as the overall trend, as illustrated by the speaker's GBP/JPY example with three consecutive buys.