My System - My trades.

[monkeybusiness]

Wow Money B ji look at what your trendline has thrown up. The exact point from where the markets reversed on Friday. You are a genius.

Not me Sir, OBV is genius. May be luckily I too noticed reversal and also confirm short before that while drawing lines. The power of observation and deciphering that information is key to the kingdom.

 

[varunkochhar]

Wisp ji then you go short with the last swing high as your stop or enter when it hits a support like posted by MB ji.

 

[varunkochhar]

Wisp ji since markets and OBV are dynamic the OBV swing high would also come down you donot need to stick to the same Swing high.

 

[chinna.232]

Varun ji,
At your free time, can you please post your views on today's crude chart......and which is better for intraday 20T or 1min?

 

[varunkochhar]

No need to guess. Tick charts are always cleaner and crisper.

 

[varunkochhar]

Now the reasoning is simple. We may hit SL's with whips but these would be one off trades. But if we get a good trend behind us with 3 or 4 adds we can take care of maybe 10 such whips in one trade.

 

[varunkochhar]

I still beleive that crude will go down as there is a visible big divergence between price and OBV as per 50Tick charts. The question is from where it will go down.

 

[chinna.232]

Is my LV Bar line correct? I see LVBAr is constant today with 20t charts
http://imgur.com/a/Pk5ZS
LVbar with 1min chart
http://imgur.com/a/Wtzzc

 

[varunkochhar]

 

[varunkochhar]

Look at the clouds in OBV and get even better setups.