The session focused on a live walkthrough of developing daily trading bias for S&P 500, Gold (XAUUSD), and GBPUSD (GU), using multi-timeframe technical analysis ahead of the US pre-market open.
The host explained bias formation based on market structure, order blocks, liquidity sweeps, and execution strategies on lower timeframes.
Plans were set to post the video online and follow up later with a trade recap and results review.
Key decisions included current daily biases: bullish on S&P 500, bearish on Gold and GU, with priority setups defined for the trading day.
Action Items
As soon as possible – Host: Upload the daily bias boot camp video to YouTube once internet allows.
In 2-3 hours – Host: Record and upload the trade recap video reviewing the day’s actual trades and outcomes.
Daily Bias Methodology and Market Analysis
Started with top-down analysis: weekly timeframe for overall direction, then daily to determine actionable bias for trade setups.
Noted S&P 500 breaking structure to the upside on the monthly and daily, despite a fundamental bearish view, requiring an unbiased bullish bias for trading.
Emphasized importance of not forcing personal bias—trade according to market structure and price action.
GU (GBPUSD): Weekly trend considered bullish, but Daily structure bearish—priority to seek short setups on GU pending 15-minute break of structure for confirmation.
Gold (XAUUSD): Both weekly and daily trends confirmed bearish; currently retracing—look for short setups when retracement completes and price hits defined liquidity/imbalance zones.
Trading Execution and Setup Identification
For S&P 500, focus is on identifying longs, as all major timeframes (1H, 4H, Daily, Weekly) are bullish. Waiting for price to fill imbalances and sweep liquidity before scaling down to 5-min/1-min for break of structure and low-risk entries.
For GU and Gold, awaiting retracement to high-confluence zones (order blocks, imbalances) followed by break of structure on lower timeframes for entry confirmation.
Highlighted the use of multiple timeframe building blocks: order blocks, fair value gaps, and liquidity sweeps for high probability entries.
No trades planned on GJ due to sloppy structure.
Decisions
S&P 500 daily bias is bullish — Despite fundamental concerns, technical structure across all major timeframes supports long positions.
Gold and GU daily bias is bearish — Technical structure on daily/weekly confirms the preference for short setups.
Open Questions / Follow-Ups
Will post-trade recap confirm the effectiveness of the daily bias methodology for today’s setups?
Will GU provide a 15-minute break of structure to confirm a short entry as anticipated?
Will Gold retrace far enough to high-confluence zones to offer a short entry?