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kiy

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Posts 16175
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Alias Born 08/19/2010

kiy

Re: Mighty_Shadow post# 57

Thursday, 06/21/2012 11:47:57 AM

Thursday, June 21, 2012 11:47:57 AM

Post# of 19859
Shadow...***edit...30minute also
Want to see price back inside Bollinger Bands to do your assessment...
Price outside Bands=suggest some manic/panic behavior/emotion...recognize it as manic/panic; don't get drawn into crowd behavior...I want to do assessment of chart signals(objective...not get caught up in the emotion/subjective...
Stay objective even when alllll about you is loosing their heads...
Hope you're seeing some of this price action as it happens...
TRIN getting over done up at 2.00...see what stochTRIN is saying and we'll start considering a potential long position here with 1340/1341...
10minute...You decide if a trade is there to the long side as 10 minute CCI signals at its signal line -100 and make sure 60 minute at least shows signs of turning while in oversold...
All there is to it...if went long and 1340 fails you just stand aside and wait for next signal...

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