My System - My trades.

[Vipul_84]

So all colors should match when we are in trade?

Please mark the highs and lows in OBV charts for the highest OBV level in the last completed blue ribbon period and the lowest OBV level in the last completed red ribbon period and you would get BO/BD levels of OBV for today. So fresh longs/ shorts can be taken based on BO/BD from these levels and SL's managed and trailed accordingly. This is how you capture big moves like in crude yesterday. Be with the BO/BD trend of the OBV.

Take trades as per ribbon colours only in the direction of OBV trend.

 

[varunkochhar]

If my SL hits in crude i will not take long right now as i see divergence between OBV and price.

 

[varunkochhar]

So all colors should match when we are in trade?

Vipul ji first pls pls learn to acknowledge the replies to your post. Earlier too you had asked me to post BN charts which i did specifically for you but you chose not too. Pls donot be selective in your posts. It takes time and effort to reply. I am sorry if i sound rude.

 

[MEAG]

We have been making lower highs and lower lows since the highs of today. So technically the intraday trend as of now is short. The trend will change if we go above 20857.9 (last high as per ribbons) and then not fall below 20808.1 (last low as per ribbons). But in doing so pls also ascertain that OBV is also following suit to be doubly sure.

Varunji,

Are you long now above 20858 as long setup too has been triggered?

Thanks
Meag

 

[varunkochhar]

SL saved by a whisker in crude. Now sl is 3616 as we made a high of 3614 (3614+2)

 

[varunkochhar]

Yes Meag ji all conditions are being met for this long. Now the SL is a bit steep at 20810/3.

 

[varunkochhar]

Now if we make a higher low in this red ribbon period, not only would our sl be revised upwards but we would also be putting in a higher low. Then if we take out 20875 again (Higher high) we would back be in uptrend.

 

[varunkochhar]

But personally if you ask me i feel the downturn has started in BN from last thursday looking into the large unwinding in volumes. What you see right now is just distribution. That said we have to take trades as per the system. No bias.

 

[varunkochhar]

I would be rather pleasantly surprised if we close above 21000 in tomorrow's expiry.

 

[MEAG]

Now if we make a higher low in this red ribbon period, not only would our sl be revised upwards but we would also be putting in a higher low. Then if we take out 20875 again (Higher high) we would back be in uptrend.

Now, the SL is 20851.3-f, being the low of the preceding red ribbon.

Thanks