Keys To Directional Bias AMultiple Timeframe Concept Michael J. Huddleston TheinnerCircleTrader.comRisk Disclaimer Government Required Rsk Osler and Disclosure Statement ETC AULE 4.41. HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, (QveR COMPENSATED FOR THE IMPACT, IF-ANY, OF CERTAM MARKET FACTORS, SUCM AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN ‘GENERAL ARE AsO SUBIECT To THE FACT Thay THEY ARE DESIGNED WITH THE BENEMT OF HINDSIGHT. NO REPRESENTATION 'S BENG MADE THAT [ANY ACCOUNT WiLL OR IS LRELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN Trgaing pertrmance displayed heels hypothetical. Hypothetical performance results have many inherent Imation, some of which are describes Below representation beng made thar any aecoun wil oi Ikely to achiev profs or loser sm to those shown. 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This cn oc frame, hen te mare makes nt rrove.The placement of conengent orders by Jou, seh 248 atoplea" or 'atoplimie order, wl not ‘ecaseanly Ln ye lasea tothe tendes mounts, since market conshsons may mate t npomlet exer sich ofder By viewing any wurw.ThelnnerGreleraderzom tx, aus, wal fammentay ice or presentation You aanowledge ane accept tat a tracing Gesson are yur on ile responsibly, and te ation Michael HHedaeston ind onjoosy stead wth wr helper rader com cannot be hel tesponsle foray esses tot ae nears ay eneWhat We Will Cover This Month: 1) Long Term Perspective 2) Determining The Range 3) Focusing On Probable Reactions 4) Implementing Market Structure Shifts 5) Forecasting Potential Direction Keys To Directional Bias | | ' I Q ‘The Inner Circle TraderThe Macro Long Term Perspective Begin With Monthly Charts: a) Determine obvious levels of S&R. b) Note old Highs & Lows. c) Make note where the current range is. d) Consider classic chart patterns as well { | sown eh natn et Stat nest Ont Tem Wry fl WN be overstated. It may seem overly simple and thats precisely WV \f \! E why most won't nate lear roruse row E Let’s look at an example of this approach on a Cable chart {[Gbp/Usd pair) Q ‘The Inner Circle Trader° Clear Level Ee} Both Roles (@)e) * An Old High “}2)_° An Old LowDeeg eee crete eaeeeeg@erenaeMonthly Chart - Macro Long Term Perspective The Range need not be broken to make money. We can Trade “inside the Range” and profit! Q ‘The Inner Circle Trader‘Monthly Chart - Macro Long Term Perspective‘Monthly Chart - Macro Long Term Perspective‘The “Range” between the Low on this Monthly Swing Low and the High on the 3 Candle : completing the Swing Low Pattern is your Intermediate Term Dealing Range. We will move» down to a Weekly Chart to further study this Price Action. > Q ‘The Inner Circle TraderIntermediate Term Dealing Range High Intermediate Term Dealing Range Low Q ‘The Inner Circle Traderi mil eyQ ‘The Inner Circle Traderi 4 Na 60 min Chart ——— Q ‘The Inner Circle Trader} illustrate how developing the Directional Bias with this simplistic = and uniform approach can aid you in your demo Trading and development as a Forex Trader. Let’s drill in to this level here... Mh 60 min Chart , : Ww We will drop down to a 5 minute chart to hunt a setup to - | | { i Q ‘The Inner Circle TraderDo you see the Bullflag Pattern here? "Classic Pattern” 5 min Chart Do you see how after bouncing at the . predetermined Support at 1.5025, Price gave further insights in the Bullfiag formation? Let's look closer at Price when it dropped into 1.5025! ~ Q ‘The Inner Circle TraderL, The addition of the Asian Range on the day the Cable [Gbp/Usd] traded down into the 1.5025 ‘Support level illustrates how the “Smart Money” 7 h ‘accumulates inside the Asian Range and more Importantly and what makes my concepts 5 min Chart unique. Buying under the Asian Range High. The Price is determined by the Fibo tool as illustrated and tthe Timing is driven by Session Openings and Closings. In this case let’s see when the OTE formed and found Support on our predetermined 1.5025 price level. Q ‘The Inner Circle Trader‘The overlap of London Open & Asian Close was the Timing factor in this trade setup. By having first laid the ground work in Long Term Macro Perspective on the Monthly, Weekiy, Daily, 60 minute and finally 5 minute basis... we can arrive at a Directional Bias. Stalking trades only in this direction is recommended while first developing as 2 Demo Trader. It will provide the bullding blocks needed to assist you in more advanced counter trend trades. Let's take a look at the results this trade entry offered those savvy enough to see the signs and clues "Smart Money” provided the Traders in Cable... 5 min Chart Q ‘The Inner Circle Trader‘As you can see here... over 700 pips was the result. ‘'m sure you are stil full of questions and I haven't exhausted my treatise on the topic... we will build cn these foundations. Again, | council you to view the YouTube video | posted before the market traded as detailed here.Daily Chart f GreeGood Luck & Good Trading | ThelnnerCircleTrader.com |