My System - My trades.

[singsanjay09]

Sir,my data provider is valvenet, am not getting obv data correct, it is repainting also, so cant trade based on that but learning concept by each and every post of yours.When my subscription will end with valvenet will subscribe GFDL.

 

[varunkochhar]

Now SL for shorts is 3609 + 2 = 3611 in crude

 

[varunkochhar]

The reason i am gushing over this ribbon system is that the stops are very crisp and well defined. So just imagine the short that one took yesterday below 3651 in crude have not yet been stopped. And this also trading off 1min.charts which are supposed to be very volatile and untradeable by most people.

 

[varunkochhar]

If you realise the implication of my last 2 messages, you will realise that one could have got in at any short signalany time today or yesterday and would have got some points. I am not talking about adds which of course would be the icing on the cake. This system lets you remain with the trend for the longest time.

 

[varunkochhar]

So the whole range captured till now since 3651 yesterday in this lacklustre market. No indicator i suppose would have let you be in the trade for so long.

 

[varunkochhar]

There have been 10possible adds today without stops being hit. If you do the maths it should be more than 150 points in a 30 point range today. Just think about it.

 

[varunkochhar]

totally mechanical. No indicator no bias. And no curve fitting all realtime.

 

[varunkochhar]

More than 300 points in 50 points range.

 

[neophyte16]

Can someone confirm if this is forming a bullish divergence.

 

[varunkochhar]

Can someone confirm if this is forming a bullish divergence.

Neophyte ji i have more faith in bearish divergence. Just see your charts and look at the price and OBV action from the left of the chart to the time TCS hit a high in Aug.