My System - My trades.

[varunkochhar]

Sl is now a little lower than 20526.

 

[varunkochhar]

So far the supports and resistances for the day have been the highs and the lows made between 10:00 and 11:00 AM (Market is clearly range bound for the day)

 

[vijkris]

20550 pe long trigger hua kya ?

 

[varunkochhar]

My longs as per my charts got triggered at 20513, 20544 and 20541. I took the 2nd one conforming to the Dow theory.

 

[varunkochhar]

Yipee got 50 points in one lot.

 

[wisp]

Yipee got 50 points in one lot.

Why did you exit with 50 points instead of trailing?

 

[varunkochhar]

I said i one lot. I always trade in multiples of 2. Remember.

 

[varunkochhar]

And that 50 points also invested in 20600 call. Will do the same with the other lot. No overnight futures for me in this market as i feel we may have already made a top for the next few months if not the whole year. I would only be comfortable in my longs when the OBV surpasses last thursday's high.

 

[varunkochhar]

Shifted to calls in the other lot too.

 

[monkeybusiness]

https://kite.zerodha.com/share/HQGHAA58SW.png

OBV defines sidesways