How do you actually build an intraday view when price can go either way?
Trying to understand how experienced traders form an intraday view. 6. Being most important.
If the S&P 500 is at 6,500, nothing says it has to hit 6,600 or 6,400. Same with EUR/USD or BTC. So how do you get from "could go anywhere" to an actual trade?
Do you start the day with a bias, or stay neutral and let price show you something first?
How much does the open matter? When there's a gap, how do you judge whether it fills or runs? Do you wait out the first 15 to 30 minutes?
What tells you there's enough evidence to go long or short? And what tells you "this isn't working, I'm out"?
Stop hunts are where I get lost. Price takes out an obvious low, triggers stops, then rips. How do you tell that apart from a real breakdown? Wider SL, waiting for a candle close, something else?
Do you set the view on the Daily or 4H and use lower timeframes only for entry? Or can an intraday setup flip your bigger picture?
**6. How do you read new highs? Say BTC rallies to a fresh high at 84,500 and pulls back to 84,000. Is that a dip to buy or the start of a reversal to short? What would you need to see before picking a side?**
Would love to hear how this actually works in your head, especially from people who've been at it for a while and profiting.