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Find daily bias easily

The document outlines a 3-step protocol for identifying daily bias in trading, focusing on Internal Range Liquidity (IRL), External Range Liquidity (ERL), and the invalidation of Fair Value Gaps (FVGs). It emphasizes the importance of understanding price movements in relation to liquidity pools and provides a structured approach for traders to anticipate price direction. Additionally, incorporating weekly profiles is suggested to enhance the accuracy of trading setups.

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madhub009999
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88 views

Find daily bias easily

The document outlines a 3-step protocol for identifying daily bias in trading, focusing on Internal Range Liquidity (IRL), External Range Liquidity (ERL), and the invalidation of Fair Value Gaps (FVGs). It emphasizes the importance of understanding price movements in relation to liquidity pools and provides a structured approach for traders to anticipate price direction. Additionally, incorporating weekly profiles is suggested to enhance the accuracy of trading setups.

Uploaded by

madhub009999
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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DAILY BIAS

The missing piece you are looking for ....

A
3-Step
Protocol

A Thread
I am seeing that most of the beginner are struggling with finding
the daily bias like me and I have learned a step process

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throughout my learning journey and it helped me a lot with
anticipatory skills to read the direction of the price and
understand where it is most likely drawing to.

R
And i would like to tell you that wherever you search for the daily
bias the 1st one which will pop out is that IRL and ERL by MMXM
TRADER. now we are going to learn than but with deep

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understanding .

Lets start..

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Introduction to IRL & ERL :
These are the 2 foundation for building the
anticipatory skill and to understand the price as i said earlier.
One of the first thing is to understand that price is ALWAYS
gonna do 1 of 2 things :

Seeking Liquidity beyond a Swing high / Low (ERL).


Offering Fair Value (IRL).
The 3 step protocol:

1. Internal Range Liquidity.

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2. External Range Liquidity.
3. Invalidation of an FVG.

Price is fractal as always these concepts will

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work in every timeframe but are better respected
in the higher timeframe so always keep an eye
on your HTF

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1.Internal Range Liquidity:

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The IRL is determined by the Imbalances in price
(FVGs).
After moving into the IRL the draw on liquidity will
shifts to ERL(Swing Highs/Lows).

2.External Range Liquidity:

The ERL is determined by the Swing Highs and Lows


where the liquidity pools reside.
After taking ERL the draw on liquidity will shifts to
IRL(FVGS)
3.Invalidation of an FVG:

When IRL fails to offer Fair Value and it’s invalidated.

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The draw on liquidity becomes the Swing high/Low.
Once an FVG fails it will become as an Inverse FVG
and it is supposed to offer support or resistance to

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reach our Draw on liquidity.
what is our draw on liquidity? simple it is the swing
Highs or lows.

ZO Example
How to put this into action:
a. Identify where price is coming from (from an fvg, Swing
highs/lows or from an invalidated FVG.
b. Next you need to determine or anticipate where price is
likely to go.
c. after determining the Draw on liquidity drop down to your
ITF and find your PD array.
d. After finding your PD Array in the ITF .Drop down into your
LTF and enter with you own model.

💡 Adding weekly profile will add precision to this approach


and makes your setup High probability.

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