ES Morning Prep- Beginning the day with a long/short bias
First post on the forum, just signed up today and I plan to immerse myself in the knowledge you have to offer.
I'm planning to be an ES low frequency day trader (only 3-5 trades a week) starting with $7500 (still demo trading at the mo though). I'm developing a system at the moment to catch some nice intraday swings. I'll share it with you guys soon.
I want to enter the market each day more prepared. I watched a Linda Rashke webinar and she went over starting the day with a long/short bias. Have you guys got any techniques you use to determine which way the market could trend?
Please share your ideas or link me up some past threads that go over this subject.
Welcome to the forum! You will find that there is a limitless amount of information here and that you will never run out of stuff to learn from! If you haven't yet, I would consider becoming an "Elite" member. There are just as much information, if not more in the Elite area.
Anyways, to your question!
I would read through Big Mike's thread about his journey in trading. Another great thread is the "Spoo-nalysis" thread. Both of these threads have helped hundreds, if not thousands of traders figure out their trading. In these two forums market "context" is discussed. Check out the wiki that the word "context" pulls up. Once you understand the context of the market, you will have a MUCH better ability to judge the bias of the market.