My System - My trades.
- Thread starter varunkochhar
- Start date
Here it goes...VK-4 method
Draw the following in a 1 MIN chart.
36 ema
180 ema
540 ema
OBV (optional)
once u have drawn all the above ...watch the price ....
1. u ll need to draw PIVOT HIGH AND PIVOT LOWS ALONG THE 36 EMA line..
2. wait till any two or all three ema's come together..or near..
3. take position once the pivot high or low is broken on that direction..
4. SL would be in case of long position immediate pivot LOW
for short position immediate pivot HIGH
IMP NOTE: be ready to take counter position in case the 1st trade goes wrong.
PROS:
1. keeps us in trade with very good odds.
2. simplicity to use without the need for any external software(like ami or mt4 etc)
3. one can be certain to get some action as it depend upon confluence(price where 2 or all three ema come together or near)
CONS:
1. damn thing is fast..keeps us in tows.(only one i could think of)
ABOVE will give us the CRUST..
BUT I GUESS VK SIR IS HELL BENT ON GETTING THE CRUMB..
Now the ADDS: (for long position)
1. once the trade goes in your favor then wait for the price to go and touch or breach 36 EMA, then once it reverses and takes out the high of candle closing above the 36 ema u ADD.(conservative trader can add once the pivot high is taken out)
2. the exit would be up to you. once the trade gone in your favor then one can maintain sl 2 points above the 36 ema for crude.
or above 180 ema.
FOR SHORT THE VICE-A-VERSA.
i have attached 2 files which shows the short trades initiated in the 2nd half.
THIS IS A WAITING GAME.
NOTE: ABOVE IS MY UNDERSTANDING.. THIS IS SUBJECT TO CLEARANCE BY VK SIR.
Draw the following in a 1 MIN chart.
36 ema
180 ema
540 ema
OBV (optional)
once u have drawn all the above ...watch the price ....
1. u ll need to draw PIVOT HIGH AND PIVOT LOWS ALONG THE 36 EMA line..
2. wait till any two or all three ema's come together..or near..
3. take position once the pivot high or low is broken on that direction..
4. SL would be in case of long position immediate pivot LOW
for short position immediate pivot HIGH
IMP NOTE: be ready to take counter position in case the 1st trade goes wrong.
PROS:
1. keeps us in trade with very good odds.
2. simplicity to use without the need for any external software(like ami or mt4 etc)
3. one can be certain to get some action as it depend upon confluence(price where 2 or all three ema come together or near)
CONS:
1. damn thing is fast..keeps us in tows.(only one i could think of)
ABOVE will give us the CRUST..
BUT I GUESS VK SIR IS HELL BENT ON GETTING THE CRUMB..
Now the ADDS: (for long position)
1. once the trade goes in your favor then wait for the price to go and touch or breach 36 EMA, then once it reverses and takes out the high of candle closing above the 36 ema u ADD.(conservative trader can add once the pivot high is taken out)
2. the exit would be up to you. once the trade gone in your favor then one can maintain sl 2 points above the 36 ema for crude.
or above 180 ema.
FOR SHORT THE VICE-A-VERSA.
i have attached 2 files which shows the short trades initiated in the 2nd half.
THIS IS A WAITING GAME.
NOTE: ABOVE IS MY UNDERSTANDING.. THIS IS SUBJECT TO CLEARANCE BY VK SIR.
Attachments
Last edited:
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