My System - My trades.

[doss186]

ok now crude is turning back to buy mode, in 3128 check it in your charts

 

[chinna.232]

Hi Varun ji, can you please clarify my doubts based on the crude 1min chart. Also pls let me know if i miss any thing in the setup

1. Around 12.20PM OBV has crossed down 200EMA, but price is still above 200EMA, what should we do?
2.Around 1.35PM OBV has crossed down 200EMA , but price is still above 200EMA, what should we do?
3.Around 1.59PM Obv is above 200EMA, price is also above 200EMA, we should be going long?
4.Around 3.17PM obv is below 200EMA and price is also below 200EMA, we should be going short?

Just trying to get more clarity on the system, please help me.

 

[varunkochhar]

Doss ji are you seriously trading Crude. We are just 8 rupees from today's bottom and you have called it a bottom already. Wait for price to atleast stabalise, before going long or is there something else you are seeing which i am mising ?

 

[varunkochhar]

Chinna ji i am really pooped today, remind me over the weekend or if anybody else can address his problems. Use the whole system by plotting channels over both price and OBV so you have more clarity.

 

[chinna.232]

Chinna ji i am really pooped today, remind me over the weekend or if anybody else can address his problems. Use the whole system by plotting channels over both price and OBV so you have more clarity.

No prob, will remind over weekend. Meanwhile, will see if anyone else responds.

 

[varunkochhar]

And just observe the OBV chart i have posted today with the LVB line. We took the shorts (actually i did not) when we went below the previous low with respect to this LVB line. (Easy). If you cannot have an AFL for this then manually find the LV bar and draw a horizontal line across the OBV level at that time. The LV bar concept identifies the points from where we get good trending intraday moves so it is a must in a day trader's arsenal.

 

[varunkochhar]

Good night guys, happy trading.

 

[doss186]

Yes the price movement, I dont know if its a retracement but my order filled @3125

 

[chinna.232]

And just observe the OBV chart i have posted today with the LVB line. We took the shorts (actually i did not) when we went below the previous low with respect to this LVB line. (Easy). If you cannot have an AFL for this then manually find the LV bar and draw a horizontal line across the OBV level at that time. The LV bar concept identifies the points from where we get good trending intraday moves so it is a must in a day trader's arsenal.

Thank you Varun, i did not know LV bar concept. Will check the posts related to LV bar.

 

[monkeybusiness]

Money B ji i just changed the colour of the LV line to orange to differentiate clearly between the OBV line and the LVB line. See i am also learning.

Orange is looking nice. Sir