Price action set up

[priceaction]

tsl 5125 if it hits done for day..no mre trade

 

[priceaction]

http://www.image-share.com/ipng-937-138.html 20 September 2011

its rocking....wwwwoooo wooooo

 

[priceaction]

good mrng frnds

 

[priceaction]

long nw....rock on...wwwwwoooooooo wwwwwooooooo

 

[priceaction]

worst day...do not rock on

 

[timepass]

worst day...do not rock on

What's ur position now ? Or what do u anticipate ?

 

[priceaction]

http://www.image-share.com/ipng-941-85.html 21 september 2011 worst day......nt rocking

 

[timepass]

hmm. looks like you need to combine them with some other indicator(s) too. What are those two EMAs you are using ?

Maybe you can combine it with RSI and make some rules.. like (a) don't buy when RSI is > 70, (b) don't sell when RSI is <30 ..

But 1min is too fast moving for my taste, I use it only to look at from time to time.

 

[priceaction]

hmm. looks like you need to combine them with some other indicator(s) too. What are those two EMAs you are using ?

Maybe you can combine it with RSI and make some rules.. like (a) don't buy when RSI is > 70, (b) don't sell when RSI is <30 ..

But 1min is too fast moving for my taste, I use it only to look at from time to time.

one is 8wma n other is 100sma...thats for different reason nt crossovers. 100 sma is for exit....8wma is for pivot confirmation in sum cases........i dnt want indicators...will see more price action..will try to create any formula.i am satisfied with my outcome as i am trading this set up from last 9 month....it may be jst bad day..so dnt wry...what i am working on is..better exit points....lets see...hw it goes....if you can share your knowledge...then its welcum.


thax:clapping:

 

[priceaction]

good mrng frnds.....m short nw