Bias Drill: Trading Practice

By Marian Camille Aviles on AppTrack Ninja.

Candle bias drill: 1W, 1D, 4H

Look at the chart. Call the hidden candle. See if you were right. Bias Drill trains one skill: reading which way a candle will expand off its open. Each round hides one candle — weekly, daily or 4-hour. You call it Expand bullish, Flat or Expand bearish. Then it is revealed with its open, high, low and close, how far it ran on each side, and whether your call was right. HOW A CANDLE IS GRADED The close is ignored. The drill measures how far the candle ran above its open and how far below. If one side is at least twice the other, that is the direction. Otherwise the candle is flat. You can set…

Categories: Education

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