General Trading Chat

[varunkochhar]

And for long term i guess it would be prudent to consult daily charts. Why 3min. or 5min.charts.

 

[primitivetrader]

@varun not trading crude today ???

 

[wisp]

No you had a reservation of trading a bullish chart so i wrote. As you said that Bajaj is a bullish chart and there is no point discussing it.

When did I have a reservation trading a bullish chart?

Varunji, you assume too much.

 

[wisp]

And for long term i guess it would be prudent to consult daily charts. Why 3min. or 5min.charts.

If OBV is so important to trading, it should work in any tf chart, shouldnt it?

 

[timepass]

If OBV is so important to trading, it should work in any tf chart, shouldnt it?

Should it ?? I am not sure if an indicator/value works well in EOD it will work as well in 1 min. Shorter TFs can be more volatile.

Wait to see the 1 min on 7th June (RBI Policy)

 

[varunkochhar]

If OBV is so important to trading, it should work in any tf chart, shouldnt it?

We have discussed this point in my thread. For short term charts i only like to trade OBV in 1min (and now tick charts). No point in discussing it any more. You just provide me with Daily charts in the period that you had written about and i would try my best to make sense out of OBV charts.

 

[varunkochhar]

This is a 20Tick Chart of OBV of BN on 29th. How would you have traded it.

 

[varunkochhar]

Now this is the price action for that day.

 

[varunkochhar]

@varun not trading crude today ???

Cannot post realtime because of imposed restrictions. Just posted a chart with my logic and clear entries and stops.

 

[wisp]

Now this is the price action for that day.

Varunji, any specific reason you have chosen 20 tick chart, I thought you were using 500 tick.