My System - My trades.

[varunkochhar]

You are right VSARAN ji. My apologies.

 

[varunkochhar]

Messed up my trade. Would have been in 15-20 points profit. I don't know what i was thinking.

 

[varunkochhar]

Just got carried away by the OBV breakout (which is just half the picture) should have waited for price confirmation.

 

[crude begginar]

This is for you CB. The red vertical line is where one could have initiated the trade today. And added to shorts as given in chart. Could have come out of one lot at a fixed profit or at least to make the 1st lot profitable by covering enough to make the Revised SL free. That way one could have been assured of decent profits. You can add to your positions in a similar way and bringing down the SL to the level of the last pivot high above 36EMA in price. If the Price has runaway too much then can trail by using the last pivot high above 8EMA in price.

sorry was away due to working hours.
Thanks a lot Varun Bro for chart and nice explanation.
Its clear On Shrot side. I like simplicity of your system just like TUNA's System. Earlier i heard multiple times trading system should very simple that we make very complicate by following multiple methods. YOU/TUNA proved it practically. :clap::clap: Hope lot of newbies will atleast stop losing

Thread is going very fast. I will go through.

Sorry to ask again. Can you lease post one Long entry chart as well.

Thanks
CB

 

[varunkochhar]

All right CB ji. Later perhaps.

 

[varunkochhar]

Just because the folly am out of any position. Waiting for a better set up to emerge. I do not feel comfortable taking a late trade. Market will give me a better opurtunity. But good of you Saran ji.

 

[varunkochhar]

Just proves another of my points "The system is as good as the trader"

 

[crude begginar]

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

Varunji,

.

Anything wrong in my OBV SETUP. It didnt cross 200 EMA.It is just attempted to cross and faied. should be sell side on pull back right. Any specific reason to go long side ?

 

[varunkochhar]

For shorts the SL can now be 3592. The last Pivot high above 36EMA.

 

[varunkochhar]

I just saw this massive candle in volumes and thought that we had a breakout in OBV. Should have waited for price to give confirmation as well. You are right i was wrong.