How are biases different from trends?

[kayako]

Hello,

Thank you for your contribution! It really helps!

Can you tell me how biases and trends differ? If there’s a difference at all.

Thanks

[Ken Hira]

Hello kayako!

Thank you for the question!

In essence, a bias is the same as trends. However, as you can tell in my forecasts
my bias/trend identification uses defined stop loss and main target points. Thus a bias/trend is only between these two points. Thus the majority of the time, biases will fluctuate and change rather frequently.

On the other hand, trends, in the traditional sense point, to a certain direction that price is likely to go for an extended period of time.

So to wrap up, biases and trends refer to a directional tendency that price is likely to go in the future, however, biases, at least in the way I utilize them, has static points that a bias/trend will be in tact.

Does that answer your question?

Ken

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