My System - My trades.

[Tuna]

Varun Bro, what's ur opinion on Crude today? Is it a reversal or a fake?

 

[varunkochhar]

Tuna ji looks like a reversal. Strong above 3250.

 

[monkeybusiness]

1.I read it in a post that once price and OBV come above 200EMA, we can make an entry one it takes out the pivot that was created above 36EMA. Here pivot means, the swing high created above 36EMA?

2.What is SOH

3.What is BO/BD

4.What is ISL

5.what is visual distance between DPs are large

1. Once both price and OBV above 200EMA, then longs only above swing(pivot high), vice versa for shorts. 36EMA supports are used for adds and failure at 36EMA will be profit booking.
2. SOH - Sitting on Hands (No Position)
5. Is market profile concept used by Xraybhai. DP stands for developing profiles, extremes are named as VAH/VAL (Value at High/Value at Low), Market profile is not used by Varun Sir.
:thumb::thumb::thumb:

 

[Tuna]

Tuna ji looks like a reversal. Strong above 3250.

I have taken huge position on both the dips just a while back, am long. SL is ok ok level. I am feeling this is fake, but not confident. Let see.


Sent from my iPhone using Tapatalk

 

[varunkochhar]

Tuna Ji now 3280 is a good support and should hold. If it does not then we may fall upto 3250 again to build up momentum.

 

[Tuna]

If 3284 is broken downward and then it takes out DL, I will be off the board. Let see


Sent from my iPhone using Tapatalk

 

[monkeybusiness]

On ribbons,

John Bro,

Initially concentrate on actual OBV, as an E wave trader you have solid chart reading skills, once you can align price and OBV action then check Ribbons. In many cases Ribbons will give you early entries with smaller SL's than waiting for High Low BD/BO ( also more scratch trades )

 

[varunkochhar]

Yes you can do that. What is DL ?

 

[aja]

Day's Low .

 

[varunkochhar]

DL is 3276 ?