My System - My trades.

[Singhraja]

Varun sir request you to post today bank nifty chart with trades and reason behind it..

 

[varunkochhar]

Every day is not a sunday. SL hit in cude so am long now (as Volumes came) Isl 3607-2= 3605

 

[varunkochhar]

Any ways it was a no profit no loss trade.

 

[varunkochhar]

5min. bias is still up. Making higher lows. So no positional shorts till it reverses. 1min. is all over the place after today's gap up.

 

[varunkochhar]

So if we consider 5min. as HTF and 1min. as STF we should be better off.

 

[varunkochhar]

Meanwhile look at crude. Go Baby go.

 

[varunkochhar]

In a way it is good if the adds come later into the trade as you get a good profit buffer from your initial trade.

 

[varunkochhar]

tommorrow again we should get a gap up /good opening. Let us see. But in last 1min. OBV could not take out 36EMA so regular opening.

 

[varunkochhar]

Crude has been in this 8 point band for the last more than 1 hour (3630-38). So placing a stop at 3628 just to lock in this move. Will think of longs again above 3639 with volumes.

 

[varunkochhar]

Raja ji there were 3 possible scenarios in today's Bank Nifty. I promise i will post my charts covering all 3 at night but just let us discuss/debate amongst ourselves and look for the best fit. The 1st and the most basic scenario was to take all signals thrown up by the 15min. OBV ribbon in 1min.charts with adequate stops and adds. 2nd was to take long only trades looking at the 15period.OBV ribbon in 5min.charts with stops governed by 1min.charts and 3rd was to take signals from 1min.charts as per the prevailing signal in 5min.charts. If somebody can do this homework, we will discuss it threadbare at night.