My System - My trades.

[wisp]

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

Was exit on x no of points?

 

[wisp]

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

I assume 20513 is not based on ribbon . Am I correct?

 

[varunkochhar]

I see a glimmer of hope for 200/300 points retracement to the fall in this weekly series as today around 30min. back we have made a higher high in OBV over this mornings levels. That was the first retracement after yesterday's fall. So if we take these high levels out on monday and more importantly do not breach the lowest OBV levels of the day, we should be good for a retracement of 240-300 points from today's low.

 

[varunkochhar]

I assume 20513 is not based on ribbon . Am I correct?

Vijkris ji all the levels are as per my OBV ribbons. (Change of colour from red to blue)

 

[varunkochhar]

Was exit on x no of points?

Yes Wisp ji 50 is a good number to capture my greed on a range bound day.

 

[varunkochhar]

SL for longs as per system trailed to 20551. But i am keeping today's low as SL for my calls.

 

[varunkochhar]

The ribbons were well respected. Now the SL for longs stands at 20555. Thanks Happy ji for the ribbons.

 

[varunkochhar]

No biting nails. No anxiety attacks. Now one can just go off to sleep after keying in the SL in the system.

 

[varunkochhar]

And the beauty and simplicity is that we all get to make money at the same time (well almost but for the difference in signal from the data vendor) So trading 1min.charts also made easy for all by this method.

 

[varunkochhar]

Freedom from bias and confusing indicators.