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Weekly Bias

The document outlines a trading strategy focused on weekly market movements, emphasizing the significance of Sunday’s opening price and the formation of weekly lows between Tuesday and Wednesday. It introduces concepts like the 'Power of Three' and suggests specific trade execution and profit-taking strategies for both intraday and swing traders. Key insights include monitoring price reactions to the opening price and backtesting historical data to validate the approach.

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77 views1 page

Weekly Bias

The document outlines a trading strategy focused on weekly market movements, emphasizing the significance of Sunday’s opening price and the formation of weekly lows between Tuesday and Wednesday. It introduces concepts like the 'Power of Three' and suggests specific trade execution and profit-taking strategies for both intraday and swing traders. Key insights include monitoring price reactions to the opening price and backtesting historical data to validate the approach.

Uploaded by

buitandat.esmn
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Weekly Bias

 Weekly Bias Concept (00:10 - 01:28): The lesson focuses on mapping bullish and bearish
weekly profiles to anticipate market movements. A weekly low typically forms between
Sunday’s open and Wednesday’s New York session.

 Importance of Sunday’s Opening Price (02:09 - 04:45): Traders should monitor the Sunday
opening price, even if their platform doesn’t show a Sunday candle. The price action around
Sunday’s opening provides key insights into market sentiment.

 Higher Timeframe Bias (05:19 - 06:38): Understanding the monthly and weekly trends helps
confirm whether the market is expected to move higher or lower. Traders should use the
"Power of Three" concept (accumulation, manipulation, distribution) to analyze weekly ranges.

 Tuesday-Wednesday Low Formation (10:39 - 12:57): The weekly low usually forms between
Tuesday’s London session and Wednesday’s New York session. Traders should backtest this
concept using historical charts.

 Price Reactions to the Opening Price (18:19 - 19:31): If price trades above the opening price
on Wednesday, it should not return to the opening price, as Wednesday acts as a "line in the
sand" for the weekly bias.

 Trade Execution Strategy (21:45 - 25:34): A key strategy is to buy 30 pips below the opening
price in a bullish week. If the price drops significantly below the opening, it might indicate a
longer-term trend shift.

 Profit-Taking Strategy (32:38 - 34:53): Traders should take partial profits at 100 pips or more
to lock in gains, as market reversals are common.

 Application for Swing Traders (36:00 - 36:34): Those unable to trade intraday can use this
strategy by entering positions 30-50 pips above or below the opening price and targeting 150-
300 pips moves.

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