Varun Ji, I have a doubt, but want your permission first to post the question here in this thread. The purpose is to understand your system better. Please dont misunderstand me.
The market takes its long term decisions only after big events. Like remember i had said that till we do not go below OBV levels of 31st January (1 day before the budget) we would not be going down. At that time that became the new zero for positional. Then after we had a big sell off 2 weeks back from around 21000 levels i had said that probably the high was already in place. We have respected those levels since then. Now on tuesday if the market gives a thumbs up (which looks to be a given right now) friday's lowest levels would and should become the new zero for positional. So no matter whatever the so called experts say on the blue channels, the uptrend would be in place till we breach the new zero levels. Valuations etc. would have no relevance once we take out the lifetime highs. The markets are never known to be rational. In fact the general public who would find the absence of logic in this uptrend would be fuelling this rally by their state of denial.
Varun Ji, I have a doubt, but want your permission first to post the question here in this thread. The purpose is to understand your system better. Please dont misunderstand me.
Varunji & Seniors , when you trade Nickel, Crude & NG which contracts you trade? What is the slippage that you encounter? I am too new to commodities trading, so these basic questions.