(MCX Comedy..Errr. Commodity) - How to Fake your Trade

[stock_mani]

Tuna bhai, how do u buy on dips (off course in uptrend).

 

[stock_mani]

Silver aur Crude dono ki nautanki chalu hai....

Crude is following its real trend but not strongly, there is lots of fluctuation, may pickup in next week.

Silver is not following its trend so need to avoid till a strong sell signal or let see if it comes under buy mode on daily TF.

 

[Tuna]

Tuna bhai, how do u buy on dips (off course in uptrend).

Was long at 68 , booked at 92 @ TICL

1. Uptrend Confirmed ? Yes.

2. Is price being pushed down by Contra (Yes)

3. Is the price again coming above VWAP (3mins chart)

Or

3. Is the price coming inside BB Low band

Or

3. Is there a RSI/CCI/OBV positive divergence

Or

3. Is the price showing sign of rejection at that pushed down lower level & conciding with some pivot point support ?

Or

"Kya aapke Toothpaste main namak hey?"

yaar itna kafi hey. Trend walo ko to sirf trend follow karne ki bahana chaiye. I just need an excuse to align with trend.

Yesterday's trade (but this is not the system I followed - I followed 30 mins KKST for this one:

 

[stock_mani]

Thanks for details.... but KKST means.... just give it's full form there is no need to put your efforts to provide details please..

 

[Tuna]

KKST means.... just give it's full form there is no need to put your efforts to provide details please..

It is about volatility of the volume change and derived based on OBV. It is not exactly the way Varun uses OBV , but I started getting my hand on OBV since Varun brought in OBV based system on this forum. I first checked how he does it, then instead of following his system, I was adapting OBV to mines.

 

[Tuna]

My posts for next couple of weeks will be limited as I am taking official travel. Trade will be limited as well.

The trip is cancelled. So Trading is back !!

 

[stock_mani]

Crude and Silver both are playing around trend, no significant move...
SL was triggered in Silver, was long...

 

[stock_mani]

Kuch din se dono ne rula ke rakha hai.... it may consolidation phase for both before a significant upmove.... trned ko follow karne wale bahut dukhi hain bhaiya...
Kuch din aur aise raha to trading se out ho jayenge for sure....

Silver is strong on 4 hr chart & trying to attempt to come back on Daily TF.

 

[Tuna]

Seriously, I got only 2 whips though, costing me around 10 points each. The best thing I liked, I did take an impulsive contra, within minutes, realised violation of my system and got out with at cost. And then now seeing the market, if would have held, I would have lost 40 points at least. Dicipline pays, if not in profit but in saving loss for sure.

 

[Tuna]

Million dollar question tonight - is this a breakout from the last 3-4 days dholak range or a fake. As a trend player let me assume it is not fake. We assume our trades (we help of our system) - wish I could see future. Else would have sold ITC today... phew !!