EDGE Foundation STEP ONE
MISSION STATEMENT
Creating a bias (opinion) based upon the why
price moves, that begins to frame and define
the way we're looking to interact with the market.
Q) What is a STEP ONE? Do you have a STEP ONE? What makes you Bullish, Bearish or Neutral? Why do those factors make you Bullish, Bearish, Neutral?
Enduring Understandings
Step One is not about your opinion, it's about the tools you are going to use to identify the markets opinion. In and of itself a BIAS creation is not enough to pull the trigger on a trade, you need to qualify it objectively.
Common Misconceptions
That you always have to have an opinion. It's based upon price direction alone.
Essential Questions
Is my BIAS so obvious to the market that a counter-trend trade would have a greater probability? Can the volatility affect how quickly my BIAS can change?
Lesson Content
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