Price action set up

[priceaction]

What does EOM stand for?

dear friend
EOM bar is end of move bar.where trend ends mostly.

this bar is with high volume n closes at extreme.

thax

 

[priceaction]

now any bar closes above 5070 will change trend in 5 min tf.now trend dwn..holding with tsl

 

[priceaction]

now any bar closes above 5070 will change trend in 5 min tf.now trend dwn..holding with tsl

sry..its not 5070 its 5069.10

 

[priceaction]

shorts has been booked woooooowwwwwwwwwoo trend on 5TF has been changed lets see ...hw it goes...m long nw....risk is very small.......rock on...

 

[priceaction]

retracement upto 5120 can be possible..lets see.....

 

[priceaction]

candle close belw 5068 will change trend dwn ,...nw its up....lets see hw it goes....i ll nt trade if ill get signal after 2:45pm

 

[priceaction]

out of long with with -12 .bcoz of tsl......done for day..will post todays chart

 

[priceaction]

now trend dwn bt nt trading this signal....bcoz of time factor of 2:45.....today ws easy day.....lets see hw it goes .................

 

[priceaction]

http://www.image-share.com/ipng-912-265.html 09 september 2011

 

[priceaction]

good mnrg frnds....was away for monday n tuesday ...bt will post the charts with buy n sell signals.....