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What's going on, guys? Welcome back to
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another Interquity video. Today is going
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to be a gold one. All right, we have
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been getting a ton a ton of comments in
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our previous videos about making one
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about the daily bias. Everyone likes to
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complicate the daily bias. Today, I'm
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going to simplify it as much as
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possible. We are only going to be using
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liquidity and determining where price
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can head throughout the day.
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All right. So, here we are on the daily
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time frame on gold. I simply marked out
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previous high and previous low of the
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previous day. So, in this example,
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Wednesday's high, Wednesday's low, and
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we're going to be looking to trade
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Thursday's price action. Okay? When I
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hop on the charts every single morning,
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I just want to have a good idea of what
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the previous day did because it can help
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you understand what the following day is
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going to do. So, in this example,
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Thursday's price action. Let's open this
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price action up to the 1 hour time frame
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and what can we see? So, Wednesday, we
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have to dissect this move that occurred
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on Wednesday. We had a big sell-off to
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the downside. Okay. Now, what was the
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purpose of that sell-off? If I grab
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these lows on the left hand side,
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hopefully this makes more sense. But
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buyers were entering positions in these
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levels here. Okay, above these lows. So,
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Wednesday, big sell off to trap the
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buyers. Automatically in my head, I got
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to think it's the following day. Now,
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let's target the highs back to the
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upside. Okay, so Wednesday trap move
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down. Thursday, correct move back up to
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the upside. Now, we have to start
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pairing this with liquidity. And I don't
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want to over complicate this, okay? I
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want to keep it as simple as possible
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for you guys. Wednesday, we sold off in
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London. Okay, I have the Wednesday high
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marked out right here. We want to
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understand why the sell-off occurred.
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Okay, where did it stem from? Where did
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it come from? Now, look to the left hand
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side over here. If I draw this on, we
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sold off from these highs over here.
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Now, I understand that's not how the
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market operates. We need to run
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liquidity in order to move the other
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way. And in this instance, the market
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respected liquidity and move the other
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way. So, that tells me that this move
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from high to low is a trap move to the
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downside. Okay? And I want to be buying
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this price action back up. Okay? So, if
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there was buying opportunities in
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London, cool. You want to look for that
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buy and hold it to that daily high and
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the high from the lefth hand side. Okay?
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And in my situation, I only trade New
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York session. So, what do I want to see
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in New York in order to target this
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high? Again, I want to keep this as
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simple as possible for you guys. I want
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to be able to identify a low that we're
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building liquidity at. So, if I just
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draw this out for you guys, think about
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it for a moment. A lot of people maybe
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would mark this low out or maybe even
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this low. No, this is all wrong. Where
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did the liquidity start building at?
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This low right here. Okay. So, we want
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to see this low taken out. All right.
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And then once we take that that that low
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out, that liquidity out, we can target
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these highs to the upside. Okay. But
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this is one what we want to be looking
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for, inducing early buyers. Wait for
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them to get trapped and then trade the
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other way. So, now we're here on the 1
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minute chart looking at gold. This is 8
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a.m. Okay, so we are at New York open
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and I'll speed up price action here a
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little bit so we can get a good idea of
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what's going on. All right, so we get a
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bullish move to the upside. Okay, and
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then we start ranging. I'm going to
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pause it in a moment here. Okay, cool.
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Let's leave it here and break down this
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price action. So based off what I just
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showed you guys on the diagram,
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understanding how to find and how to
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identify where liquidity is. Very, very
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simple. Look at this. I'm going to draw
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one box and hopefully this is starting
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to train your eyes more and more and
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more. Look how we stabbed into this area
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once 2 3 4 and even had another move to
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the upside. Okay, inducing buyers into
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the market. So since we had that move to
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the upside, where do you think buyers
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are going to be entering again? Simple,
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straightforward from this low. But we
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understand now that liquidity is going
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to be below this low. So, in order for
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us to match that higher time frame move,
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that daily bias, we need to buy below
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these lows, target Wednesday high, but
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not only Wednesday high. Remember where
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that move came from? This high from the
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left hand side, 3328.
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Okay, so we end up ranging a little bit
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longer. Check this out. For a total of
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over 2 hours, 2 hours, we ranged in
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here, building so much early buyer
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liquidity. Okay, this is when patience
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and discipline is very, very important.
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We only want to buy below this low.
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Period. That's it. It's as simple as
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that, guys. There's no if, ands, or
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buts. It's a strict plan. It's a strict
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rule. We want to buy below 3307.
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Okay. Now, how do we enter? That's what
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everybody always wants to know, right?
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Very simple. We need to identify a level
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that doesn't have liquidity anymore. And
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look what happens right below here. This
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was right before New York New York open.
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We took out this high, then had a
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sell-off to the downside.
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Okay, the sell-off did what? Trapped
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buyers. So, I'm now going to view this
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low as a low that does not have
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I can mark out this whole area. Okay?
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And we can look to take positions. As
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soon as we tap into this area, stop has
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to always remain below this low. Okay?
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That never changes. We're going to
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target back the highs. As simple as
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that. Okay? Don't need to over
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complicate anything. Price
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sells off, doesn't take us in yet. We
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get a false reaction up. Check this out.
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B upside, which tells me buyers are
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entering positions and they're going to
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have stop losses below this low. So,
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wait to see them get taken out of the
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market. They get trapped. We get tagged
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in. So, notice how all the early traders
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are trapped. And now we are in our
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position. We're going to go to the
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5minut time frame and align that with
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our daily bias. Again, we use the lower
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time frame for entry, higher time frame
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for daily bias. Okay? And then again,
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we're going to be targeting daily high
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and that high from the left. Check this
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And just like that, we hunt that
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previous daily high. Not only that high,
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again, we're not just buying below daily
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lows and targeting daily highs. No, we
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need to understand where liquidity is.
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And that matched up with that daily to
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daily in this example. This high from
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the left hand side. All right, guys.
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Thanks for watching. I hope you guys
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enjoyed this video on daily bias. I hope
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you're starting to see that all these
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other videos that over complicate
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things. It's just too much. We like to
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keep it as simple as possible here at
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Interquity. We focus on liquidity on
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every time frame from 1 minute all the
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way up to the weekly. It's all fractal.
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So, if you guys enjoyed this video,
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like, comment, subscribe, turn your
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notifications on, and we'll see you
