My System - My trades.

[chinna.232]

Varun ji, can you please post crude chart. OBV and price are below but you were long at 3012. Just want to understand the rationale behind it and for 2990 support. My GDFL data is corrupted and i am able to see only yesterday's data. Could not check on higher TF.

 

[chinna.232]

Did anybody take the trade with me or am i the only one celebrating.

I am with you Varun ji, but exited @ 3042 ..

 

[lohit boman]

VKji....logic for trade....
just learning EMA method...on kite...
did not get buy signal on any time frame

 

[varunkochhar]

Chinna ji, to be frank had i seen the charts in realtime, probably i would also have booked out early (40 or 50 points). I got my profits because i was not in front of my computer but dining out with the family.

 

[varunkochhar]

Lohit ji saw your earlier comment just now, as i said i had gone out so could not answer you. What you are doing is just right. Your signal to go long also would have come when it went above 200EMA (i think between 3015-20). Did you go long then because you had pointed rightly out that we were below 200EMA when i took the trade.

 

[lohit boman]

VKji ....missed the trade....
OBV cross over happened at 3025 ....then sudden jump happened

 

[varunkochhar]

 

[varunkochhar]

Lohit ji chart for you. Will be posting another couple of charts later. But i took the trade early as i had to go out or else would have taken it at 3010-2 on its way up again when it went above 200EMA in 20 Tick charts.

 

[varunkochhar]

In my past posts also you would have realised that i lay a lot of importance on the last LV bar of the previous days as very good points of support and resistance.

 

[varunkochhar]

Was about to write that crude was ripe for a BO/BD at around 3028 as the cloud had come between the 36EMA's of 5min. and 15min. ANyways i am not bearish on crude infact it can fly above 3027/3032.

This is what i wrote at 7 PM today. And fly it sure did.