My System - My trades.

[varunkochhar]

Mind you this is a 1min.chart, not 3min/5min/15min. charts. (in compressed mode). One has to come out of the day trader mind set to earn big.

 

[varunkochhar]

on Budget day also i had advocated that we are safe till we do not breach the lows of the previous day (I think i had told the level of 19470). We are up 2000 points from there in 2 months.

 

[varunkochhar]

People had been coming up with all sorts of reasoning to short. Island reversal, Darvos box, elliot 5th wave and so on..... Forgetting just one basic fact that it is liquidity and only liquidity that drives the market. No sense in predicting. You can never lead the market, just follow it.

 

[princy01]

Very nicely said

 

[varunkochhar]

My reasons for this optimism. OBV closed above last more than 1months high levels. The key word is closed above. This is as per 1min.charts.

We are up 400 points from these levels.

 

[vineettj]

Can anyone please tell me if calls offered by niveza.in are good? Please help me as I am new in this field.

 

[varunkochhar]

Sorry Vineet ji i don't know.

 

[varunkochhar]

As per my reading, Reliance is again ready to go up.(My reasoning is that there was a significant addition in OBV today and it closed much above PDC) This happened first time after making the recent high of 1320. SO now till we breach today's low on closing basis, it is a fit candidate for buying the dips.

 

[varunkochhar]

Got 2 good trades in Crude today, 1st a short for 20 points and just squared off my longs for 30 points.

 

[varunkochhar]

What time is the inventory data.