My System - My trades.

[monkeybusiness]

Thanks MB ji. Can you please check if my setup is correct?

1. We only look for shorts only when OBV is red and Longs when OBV line is green.
2.In the above crude chart, at around 2.06PM both OBV and price are above 200EMA. But OBV line is red as it is still below LVBar . We do not enter long here as OBV line is still red?

1. Nothing like that.
2. In cases like this go with 36EMA and pivot. @13.30 both price OBV are above 36 EMA, go long, viceversa for short

 

[chinna.232]

Hi,
Refer Next series contract, you may get clear picture for intraday trading...
This is my observation, Seniors and other members will have better suggestion...

Thank you..

 

[chinna.232]

1. Nothing like that.
2. In cases like this go with 36EMA and pivot. @13.30 both price OBV are above 36 EMA, go long, viceversa for short

Thanks MB.

 

[chinna.232]

When did OBV cross below 200EMA on crude 1-min? For me in live i see that till around 5.26PM OBV is above 200EMA and all of a sudden i see OBV lines getting updated and it has crossed down 200EMA around 4.56PM itself. I observe this many times.Is it problem with my data provider?
http://imgur.com/a/Y1GsL

 

[varunkochhar]

Hi guys made it a point to trade crude at 8:00 PM today. Posting a chart that is self explanatory.

 

[varunkochhar]

 

[monkeybusiness]

View attachment 21648

Simply awesome chart reading and use of indicators.

 

[Shikamaru]

HI Varun JI...
Can you explain multi time frame trading by using VKSL and LVB, while you are free or while study chart?...
Cheers

 

[varunkochhar]

Seeing a low risk short developing in crude below 3140 with stop above 3157/60 for maybe 50/100 points.

 

[varunkochhar]

Just observed crude. A good divergence seen between OBV and price. Will take shorts below 3175 with stop a little above day's high.