My System - My trades.

sabhlok_r

Well-Known Member
Now if we take out today's high the correction should be over for the time being. The indication for this was given by the OBV yesterday itself. We gapped down because of overnight international markets but the OBV told us that this downmove is not sustainable.
VK Ji, looking at bn daily chart, we went below 36 ema(24167) y'day but closed above it. If it closes above it today also then longs can be initiated in positional.
 

wisp

Well-Known Member
Ok so here it goes. A few days back i had told you to take up trades thrown up by different time frames separately. The rules of entry, add and exits was also made very clear. Initial trade by 200EMA crossover of price. Adds by 36EMA crossovers. The SL of all adds only by trailing all adds to the SL of the last Add. Exit of initial by crossing 200EMA again. I hope it is all clear.
Varunji, is this correct. 5 min emas were too far away, so trade on one min only I think, not sure

 
As i had told you to keep the sl as a 5min.close above 36Ema of 5min. charts. That level did not sustain and we were technically back in shorts. I had told after that that we need to cross those high levels and not go below the last low at that time. Well both did not happen. We failed to go above that and we breached the lows of the day till then. Now on Monday the levels to watch would be 5min. sustaining above 200EMA of 5min and then not going below today's low. So technically the shorts which were triggered from above 25000 are still in place with 3 adds as per the 200EMA of 5min charts as we had 3 touches to this EMA in the fall which led to an add each time.
 

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