My System - My trades.

[varunkochhar]

Excellent Sai ji. If the prices have moved too much in a short period of time in futures (like crude) then keep a sl of 2 points above/below the 36EMA of 1min. in shorts/longs. But be ready to take 2 positions if it resumes the current trend after taking your sl as your SL is very small now. I would rather have sl for all adds as per the sl of the previous add.

 

[chinna.232]

Varun ji,
can you please post crude 1 min chart where you have shorted @ 3210. Did you short when OBV crossed down 36EMA and on VKSL BD of price as 200EMA was far away. Can we consider OBV cross of 36EMA also for entering trades together with VKSL BO/BD in price?

 

[varunkochhar]

 

[chinna.232]

Varun ji, can you please check below post and try to reply...if not today, over the weekend.
http://www.traderji.com/community/threads/my-system-my-trades.103908/page-651#post-1244973

 

[chinna.232]

shorted crude today...but late entry @ 3186

 

[varunkochhar]

Chinna ji this is a pure price method based on BO/BD of 200EMA and 36EMA. I have not clubbed OBV in this at all You can take cues from OBV if you so want but this method requires quick decisions like in a T20. You can get whips too but these would be limited to just one trade at a time. What really gives us profits are the adds.

 

[varunkochhar]

Your understanding is correct Chinna ji for the LV bar. Since we have multiple LV bars at times in the 1st half of session, usually the last LV bar by this time is the lowest volume bar of the day and good for the whole day.

 

[varunkochhar]

When these 3 EMA's converge they often lead to short term reversals or continuation of trend but most often gives good tradeable moves.

 

[varunkochhar]

So when you find this setup in your charts get ready to take trades below or above this range which gets formed. (take the lowest and the highest pivot in this range or just before this range).

 

[monkeybusiness]

As per my understanding once trade goes in your favour it's 2 points above 36ema in 1 min chart...

Sent from my SM-G930F using Tapatalk

Filter of 2 points is for crude for other instrument it will b different