My System - My trades.

[varunkochhar]

Sir, did u took short @ 7:33 candle..?

Yes but the 20 points came from the longs at 3310 when my sl in shorts got hit. 20 more in these shorts.

 

[varunkochhar]

Thanks Vjay ji for coming to my rescue.

 

[varunkochhar]

Yes but the 20 points came from the longs at 3310 when my sl in shorts got hit. 20 more in these shorts.

Apache ji congrats you caught this 50+ pointer. I exited at 20.

 

[VJAY]

Guys what am i missing. The last sell came at 3309 at 5:37 with SL of 3313+2=3315 which is still not hit.

Yes Aman right

am totally messing how you guys took here short trade

 

[MEAG]

Sir, did u took short @ 7:33 candle..?

Yes but the 20 points came from the longs at 3310 when my sl in shorts got hit. 20 more in these shorts.

Varunji,

Can you pl explain the basis of short taken at 7:33 candle.
As per ribbon system, no short was there in chart below.
Red vertical line is on 7:33 candle.
data vendor is GFDL

 

[Apacheindian]

Varunji,

Can you pl explain the basis of short taken at 7:33 candle.
As per ribbon system, no short was there in chart below.
Red vertical line is on 7:33 candle.
data vendor is GFDL

Shorted because 15 Period OBV turned red with Lower lows and also as per my system EMA Slope was in bear territory..!

 

[MEAG]

Shorted because 15 Period OBV turned red with Lower lows and also as per my system EMA Slope was in bear territory..!

Thanks Apacheji for the response.

There is substantial difference in the pattern of OBV ribbon in your chart and mine. Is it due to different data vendors?

 

[varunkochhar]

Meag ji watch OBV action also. At 7:30 we broke the support of the 7:20 OBV lows, this was the low of the retracement after the 7:10-7:12 surge in OBV. So we got a red ribbon at 7:30. I had keyed in 3320 as shorting rates. It got filled at 7:33. Your point probably is that we had a higher low at this point so why i took this trade. right ? Just look at OBV action this support which it broke at 7:30 was probably the 2nd or 3rd support after making the 7:12 high. Moreover remember i had said that waiting for a lower low gives us an edge not a necessity meaning we were getting a plain short signal from the system without any filter. As waiting for a lower low would have increased our SL.

 

[VJAY]

Thanks Apacheji for the response.

There is substantial difference in the pattern of OBV ribbon in your chart and mine. Is it due to different data vendors?

i think your ribbon also showing the same

 

[Apacheindian]

Thanks Apacheji for the response.



There is substantial difference in the pattern of OBV ribbon in your chart and mine. Is it due to different data vendors?

Yes it bcoz of different data vendors