My System - My trades.

[sabhlok_r]

Apollotyre price crossed 200ema in daily charts. Obv is already above 200 ema.

In 15 min chart, first buy @ 180.60 on 23/2 9.30am. Addons on every touch of 36 ema(first add came at 185.10 on 27/2 @3pm)

 

[varunkochhar]

So once it takes out the high in the previous blue ribbon period and makes a higher high, the trend (atleast in the short term) would change and be in uptrend till we keep on making higher lows in the red ribbon periods.

 

[varunkochhar]

So almost 400 points done from thursday's high. Still Buy not triggered.

 

[varunkochhar]

Moreover since the fall on thursday, the OBV has not gone above 200EMA in 1min.TF.

 

[varunkochhar]

Open interest(OBV) has shed close to 25% from the highs.

 

[varunkochhar]

sell BN FUTURE SL20707.

Mr.Brar when you shorted BN, the correct SL should have been a little above 20727 as per charts. You would have got 50+ points from your shorting levels.

 

[varunkochhar]

Trend in OBV changed as per 1min.charts. Now if the lowest levels of last red ribbon part is not breached can look at longs with reasonable stops.

 

[mdabrar]

would u plz explain this by showing some chart as an example

 

[varunkochhar]

Trend in OBV changed as per 1min.charts. Now if the lowest levels of last red ribbon part is not breached can look at longs with reasonable stops.

120 points at max with 1 initial lot and 2 adds.

 

[varunkochhar]

All within a 50-55 points range.