Sentences with phrase «bar against the trend»

Not exact matches

Price bars contract, volume drops significantly, and the trend pulls against its primary direction.

Now, the obvious problem with these pin bars is that they are against the near - term trend, which was clearly down at the time.

Being patient while trading with price action goes something like this: you see what looks like a decent pin bar formation but it is going against a rather strong trend, because you know that this setup has a much lower probability of working out than a pin bar setup with a strongly trending market, you sit on your hands and pass it up, don't think anymore about it, even if it works out it does not matter because you just exercised patience, and you will be rewarded for it the more you use it.

Trying to trade inside bars against a daily chart trend is very hard, especially if you're a beginner or relatively new.

So, if I read this correcly; after an inside bar, the trade can go one of two ways — either with the prevailing trend or against it?

Note, in the chart below we can see multiple failed counter-trend pin bars that would have resulted in losses if a trader took them against the trend.