Sentences with phrase «dominant daily trend»

Trading with the dominant daily trend is the primary technique I use to trade the markets.

Now, a day or two has gone by, still no good price action setups have formed, then you notice as the New York session closes out there is a very nice fakey setup that has formed with the dominant daily trend, you enter your trading parameters and let the trade take its course.

Pin bars taken with the dominant daily trend are generally more accurate than counter trend pins.

Pin bars taken with the dominant daily trend are generally more accurate than counter trend pins.

Not exact matches

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

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

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

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.

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

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.

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

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