My System - My trades.

[varunkochhar]

So taking the discussion forward regarding OBV. In plain and simple english, when OBV gives a buy signal(by making higher high/ higher lows) you just wait for price to give you a buy signal too in any time frame and jump in. Vice versa for short signals. (I strongly beleive that OBV gives away the hand of the big boys)

 

[Smart_trade]

When the price upmove is backed by rise in OBV,making higher bottoms and higher tops in OBV,we know that the move is real and is likely to to be more durable.

Smart_trade

 

[varunkochhar]

Posting another half baked chart with explanation. Only OBV could have helped to trade it correctly with some degree of confidence.

 

[varunkochhar]

So think twice before discarding OBV as a fluke system.

 

[varunkochhar]

This is a chart i had posted in some other forum against a specific querry. What do you guys feel. I have already answered there. Let us see what you make of it. This also seems like the reliance chart where all the bad press is discounted, looking at OBV action.

 

[varunkochhar]

Posting another halfbaked charts for people who are itching to short on an increase of every 50/100 points. This is a daily chart of nifty. The highlighted portion are the weekly action. If you observe carefully we have been getting a higher low in all the weeks from 7800 levels. Where is the weakness. Even OBV is showing continuos strength. The week before this week we saw a lower low than the previous one because of the huge gap up. So weakness would only be seen, once we take out the lows in the week before the UP mandate. Till then it would be prudent to buy the dips for best returns. I do not trade Nifty and am also a Tukka trader so please do your due diligence.

 

[varunkochhar]

So armchair investing would have meant buying a call every of these 13 weeks with the lows of the previous week as SL. Better still would have been shorting Puts in every week.

 

[newuser_RK]

This is a chart i had posted in some other forum against a specific querry. What do you guys feel. I have already answered there. Let us see what you make of it. This also seems like the reliance chart where all the bad press is discounted, looking at OBV action.

Well clearly volumes have increased so smart money is accumulating while the price is sideways. Now may question is that the stock looks ripe but should we have for price confirmation or just jump in?

Sent from my AO5510 using Tapatalk

 

[varunkochhar]

RK ji it is always better to wait for price confirmation. Let it take out its immediate high pivot of 468 at least or wait for it to take out this sideways range. The SL would then be the low of this range.

 

[newtrader101]

Hi Varun,

A question about divergence:

I'm trying to use RSI classical divergences, but find sometimes they don't predict price movement, or the movement comes quite a while later. Elsewhere I read you had an explanation for this, could you share please.

Thank you for your time.