My System - My trades.

[Happy_Singh]

Yes Seven D ji. You will have to synchronize with the time zones of european and US markets.

Also take into consideration the day light saving time adjustments


Happy

 

[varunkochhar]

Today if you want to follow OBV, use next month's futures as roll over takes place in the last 2-3 days, so actual impact would only be clear in next month's future.

 

[Vipul_84]

Varun ji, as you discussed in one of the post, market is range bound for almost 70-80% of the days. On those days, I am plainly taking one sided trades. Based on PDC_OBV trend is very clear and then only in the direction on trend, I am taking these trades. Please comment on this.

 

[varunkochhar]

Vipulji that is the best way to trade.

 

[varunkochhar]

I am just posting my final 2 charts on OBV and price action. It is so simple to understand this concept but still i find people are so confused using it. By twisting and tweaking people have made this simple to follow concept so abstract.

 

[varunkochhar]

 

[varunkochhar]

What is so difficult to follow. BN bottomed out in the last swing on 23rd when it went to 20820 odd levels only to fill the gap it left after UP mandate. I had then also told that till the time we do not breach the low of that day (before the results) all dips need to be bought into and we are definitely going higher. The other day (last friday) i had also told that i had sold 21500 PE instead of buying future to go long as i saved 70 points as premium had i bought Futures. Now where do you see weakness in this chart. Why are people wanting to short on every 50/100 points.

 

[varunkochhar]

There has been a massive addition in open interest in the last one week. Up from 200000 contracts to almost 9 fold jump 18,00,000. (As is evident from OBV). The basic trend is up from 18000 odd levels, real and good money can only be made by being with the trend.

 

[varunkochhar]

Trendline from after the budget.

 

[varunkochhar]

Always keep your trading simple. Why use multiple indicators when simple price and volume action can give you the whole picture.