My System - My trades.

[varunkochhar]

If you want more trades then you can start from the confluence of 36EMA's of say 1min and 5min.

 

[varunkochhar]

 

[chinna.232]

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.

Thanks Varun ji.
Today in crude 20Tick charts latest LVbar has formed at around 3180 and 1 min charts latest LVbar has formed @3188. which one to consider for support/resistance?

 

[varunkochhar]

These points are like multiple intraday supports and resistances. If the 2 levels are very near consider it as a band.

 

[varunkochhar]

But make sure that these points occur after some time from each other. In back to back LV bars just consider the last one or if they are very close to each other then as bands.

 

[chinna.232]

But make sure that these points occur after some time from each other. In back to back LV bars just consider the last one or if they are very close to each other then as bands.

Thanks Varun ji...

 

[varunkochhar]

So what have we been doing in this method. Well we are taking trades just when they ought to be taken above or below 200EMA with adds governed by 36EMA in different time frames with set rules and treating each TF as a separte instrument. That is all.

 

[varunkochhar]

If you check your charts the shorts that we got in BN from 25100/25200 as per the confluence of these 3 EMA's we have got more than 1000 points in less than 5 Trading days. A similar setup would have occured in the 1st week of July to give 2000 points on the up.

 

[varunkochhar]

Waiting patiently for the pattern to occur is the key and the hardest part.

 

[varunkochhar]

Once you spot these patterns then VKSL line would give you excellent trades to start with. (LV bar trades)