Sentences with phrase «dominant daily chart»

However, the most important trend to identify is the most obvious current dominant daily chart trend.

Notice in the chart above, the 50 and 200 period EMA's give us a good quick - view of the dominant daily chart trend direction.

When the market retraces back to these value areas, it means we need to pay extra close attention and look for price action signals to trade with the dominant daily chart trend.

Generally, pin bars taken with the dominant daily chart trend are the most accurate.

Generally, pin bars taken with the dominant daily chart trend are the most accurate.

Not exact matches

By comparison, the daily chart of the iShares Russell 2000 Index ETF ($ IWM) shows the recent weakness that has led to a breakdown below three different levels of technical price support: the low of the multi-week trading range (around $ 93), the 20 - day exponential moving average (beige line), AND the dominant uptrend line (which began with the November 2012 low):

The following daily chart of GBP / JPY shows that pin bars taken with the dominant trend can be very accurate.

In the event of high volatility, rather than gentle consolidation, the daily charts above may help you keep the dominant trend and «big picture» in your mind.

• These inside bar strategies were with the dominant bearish momentum on the daily chart and provided excellent risk reward ratios to re-join the downtrend.

The following daily chart of GBP / JPY shows that pin bars taken with the dominant trend can be very accurate.

Zooming out and looking at a daily or weekly line chart can give you a good idea of dominant trend direction.