My System - My trades.

[varunkochhar]

The last 2 trades from 1min.charts in crude have given close to 100 points. What else do you need in life.

 

[varunkochhar]

So are you guys following this method or is it too fast. If you would have taken all the 1min. and 5min trades in crude since yesterday inventory levels, you would have conservatively made 300+ points without taking any undue risks. The worst case scenario would have been a SL hit single trade which the Adds can offset in a jiffy. If you go wrong you go wrong in only one trade but if you go right you go right in several trades. That is the power of adds. You are always in control of your losses.

 

[varunkochhar]

Arjun ji enjoying the shorts.

 

[arjun.panda]

Yup...very much sir...one small problem...when to cover??

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[varunkochhar]

If you go by mechanical method then 2 points above 36 EMA of 1min. TF or else as per your greed levels.

 

[varunkochhar]

Now this is what i was talking about the HTF. I am sure the buy would have triggered in Hourly in crude. I donot know what the SL would be but i guess it would be big enough to give sleepless nights.

 

[arjun.panda]

Now let us discuss why this chart was tradeable. For close to 3 days the price was not doing much. The volatilty had reduced to such an extent that all 3 36EMA's (of 1min/5min/15min) had converged to a very narrow band. That was the time to initiate the trade as the iron was hot. It could have been any trade, either long or short as per the charts but the trade was on.

Air how to identify such scrips??

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[arjun.panda]

Now this is what i was talking about the HTF. I am sure the buy would have triggered in Hourly in crude. I donot know what the SL would be but i guess it would be big enough to give sleepless nights.

M pretty sure anyone following this thread won't be having those sleepless nights...

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[varunkochhar]

Just keep a regular watch of 3 or 4 of your favorite scrips. Nothing else. The 36EMA's of all the 3TF should be very close to each other signifying contraction and just ready for expansion.

 

[varunkochhar]

One should go in for positionals in commodities only if you have earned enough daytrading in it. That itself gives you a cushion. For Stocks you can hedge or simply play options so not that big a problem. For positionals only carry the bare minimum position in futures. You will get an opportunity the next day too. Why risk all your profits.