My System - My trades.

[Aman1]

exited crude @3132. Was short from 3205. Done for the day guys.

 

[varunkochhar]

exited crude @3132. Was short from 3205. Done for the day guys.

Good. The PDC line also gave a short around those levels.

 

[Vipul_84]

You have captured HUGE move in Crude trade Aman :thumb:

 

[varunkochhar]

More than 100 points in single lot in crude from 3224.

 

[MEAG]

More than 100 points in single lot in crude from 3224.

Varunji,

As per ribbon system, short triggered at 3209.
Can you pl share the basis of taking short at 3224.
Red horizontal line in the chart is for 3224.

 

[SevenD]

Todays trades in NG and Crude
Change of both ribbon colors at 4.05 pm in 1m TF supported by 3m TF and Ng continues to fall
Change of both ribbon colors in 1m , supported in HTF, 3m and 5mTF and crude is still falling as i write this.

I am not propagating a new method here its Varunjis method but my observation of HTF and its effect on price with OBV.

 

[varunkochhar]

Varunji,

As per ribbon system, short triggered at 3209.
Can you pl share the basis of taking short at 3224.
Red horizontal line in the chart is for 3224.

Meag ji in my charts the signal to sell came at 3224. Will post the charts.

 

[varunkochhar]

.....sorry wrong chart

 

[varunkochhar]

Meag ji my chart for crude

 

[varunkochhar]

Meag ji if i give explanation then people would get confused. I just took the plain vanilla short on red ribbon band. (But the real reason i did not follow the Dow theory rule was because we had resistance at the white line i had drawn in the OBV Panel. This white line was the PDC line of 10th march. these lines also offer good supports and resistances.)