Price action set up

Hello fellow traders

i have started this thread for just price action trading.if anybody doing trading on price action. Can post views here. Because from my personal experience i have found that best indicator is volume indicator.
So my set up is based on just come watch n act.no complex calculations. No lagging indicators.your views appreciated.here i am posting my todays intra chart.will post chart everyday. Whether its losing day or winning day.lets see how this thread goes........
Thanks

Look forward to the charts and the discussion..

http://www.image-share.com/ipng-700-116.html 06/06/2011

friends no position yet as volumes are too low

lets see hw it goes for day:thumb::thumb:

sumeet simple candle close above n below of high weighted volume candles. thats reason for short n long.:thumb::thumb:

sumeet but i use 7 as a filter to avoid noise bcoz of low volume candle. i hope u got it. wat i mean. i ll explain in todays chart.

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By using Insert Image link while posting, you can display the image!!!

sumeet but i use 7 as a filter to avoid noise bcoz of low volume candle. i hope u got it. wat i mean. i ll explain in todays chart.

hello friends

todays gain is +8 points. 07/06/2011.
there was more opportunity but i followed my strict rules n discipline. because i know at month end they will gonna give me good results.
first buy at 12;10 at 5550 (SL 5537) as price breaks high of highest volume candle.with good volumes.sq. of at 5555 but later 2;05 again bought at 5566 ( SL 5549) as price break the high of highest volume candle with good volume. after that price moved 5574 i placed my tsl 5569(break even) as i was expecting 5590. bt tsl gone at 2;38. so no trade after that i dont take trades after 2;45. so in total +8 for day.this according to proper discipline. n rules.
SL according to rule
low - 4 of high weighted volume candle. in buy.
high +4 of high weighted volume candle in sell.


now question arises that 9;35 candle close was also above high of highest volume candle of that time. but volume was low in that candle. n to cut low volume candle noise i use atr as filter if atr is too high then 7 as filter. i know because of this rule we haven't catch more points today which can be caught. but we will earn in long term because of this rule. after all discipline matters.
i hope u got it.any suggestion n question welcome.confusion leads to great answers.

today there was no sell signal so i considered all candle as bullish. n you will notice that today all day total buy quantity was above then total sell quantity.


which candles have to considered as bullish and which candle have to considered as bearish i ll explain in my other charts.


thax


http://www.image-share.com/ipng-702-61.html 07062011