My System - My trades.

[monkeybusiness]

Good trades.

Good thing is SL was never under threat, trade moved in favour almost instantly.:thumb::thumb::thumb:

 

[varunkochhar]

Longs would be safe above 3605.

 

[varunkochhar]

We are above 200EMA in OBV. If we fall from here atleast our SL for shorts would be established.

 

[varunkochhar]

raised SL to 3586 now.

 

[varunkochhar]

Tightened stops as again we are below 200EMA in both price and OBV in 1min.charts.

 

[varunkochhar]

This time if we go above 200EMA in price and OBV we should get a good move. Let us see.

 

[varunkochhar]

I am doing these real time trades with you so that you start having confidence in this system. Post mortem is very easy.

 

[varunkochhar]

Stopped out at 3586. 4 more points given.

 

[vsaran]

As per OBV breakout buy got triggered at 3590. Initial stop at 3583 (2 points below 3585)

Varunji,
Price is below 200 EMA.How can we go long?

 

[varunkochhar]

Sorry wrong interpretation. Should have come out at 3595 and better still shorted there when OBV again came below 200EMA as price was already below 200EMA. It is not about 4 points. It is about interpretation. What could have been a 5 point profit (Scratch trade) resulted in a 4 point loss.