My System - My trades.

[varunkochhar]

So shorts have given more than 20 points.

 

[niftytaurus]

it just moved to new day low...

next is 3590

 

[varunkochhar]

So yesterday's low in OBV also breached.

 

[varunkochhar]

OBV broke down at 3606 levels, so a good 20 points also from there.

 

[niftytaurus]

next is 3590

Done..
nest is 3578

 

[vijkris]

Did anyone catch this move ? Has anyone observed that obv went above 36 ema and then came down again ...

 

[niftytaurus]

OBV broke down at 3606 levels, so a good 20 points also from there.

sir am I missing something?
last pivot low below 200 ema was 3612..so can we short at 3612?
thanks

 

[varunkochhar]

Another little trick to read the mood and the trend of the market is : Just observe whenever the price has gone above 200EMA it has made lower highs wrt 200EMA. That means the market is ready to go down. Time to be cautious would be when it takes out the previous high wrt 200EMA. That probably would lead to a change in trend. Till that happens one can safely short and be with the trend. Vice-versa for longs. This is applicable in all instruments.

 

[varunkochhar]

If you really want to use any EMA 36/200.. always compare (and hence keep SL) it with the last pivot high it had made while breaching it. The market does not go up or down in a single line, but waves.

 

[Aman1]

it just moved to new day low...

Yeah it listened to my prayers and gave good short opportunity:thumb: