RE: CHARTS -T LINE TIPS12 Sep 2016 09:14
good morning wisecrow. TIOU ENERGY. There's no need to think posing a different view is a challenge, it's just a different view and all views are welcome here as long as they are polite, devoid of profanity and personal insult. Please see my chart for TIOU ENERGY and comment using candlesticks and the 2 ema's only. The problem with looking at too many time frames, I find, is that there is too much info, some conflicting, one chart saying buy another saying sell.
I find it best to stick to the chart one is using to trade and only check what is happening in the lower frames if one's trade is beginning to falter so as to get out earlier.
1 hour chart below. have not checked fundas. chart looks good bullish trend higher highs higher lows but appearing to falter at 8/9. I tend to lock in profit on first evidence of consolidation, trading sideways. Can always hop back on the train if price moves further north and is closing above the T line on the basis of bird in the strand and Baron Rothschild's secret of wealth of selling too soon.
Will be quiet on the board today as have some accountancy work to clear today.
http://content.screencast.com/users/LEFKOSIA/folders/Default/media/9caee2ea-ad4f-4eac-882a-2242341e145f/tlou%20daily%2011%20septchart.png
Good luck trading.