Good Afternoon Everybody
I have completed my target in Crude & BNF today..so now no trade & now time for study.
MB Bro has told me so I am sharing my observations..otherwise I dont have audacity to write something when A teacher like Varun Sir is with us..what I am sharing is just What I observed & learnt from all of the seniors & great traders here..
NO words can be able to thanks Varunji for sharing this simple & yet powerful concept OBV..When I add OBV in my arsenal, I have got an extra edge.I can assure you whatever Experience I have , if you master this OBV, You can do wonders..Like Varunji is doing .
1) I want to make some points..There is no shortcut in LIFE & same with Trading..If you think, we just get some afl & Varunji makes all rules of entry, adds & exits ..& we just came & making money next day without any efforts, without any self study..Its not possible..He has taught us a lot ..he shared with us so many things which I have never read in any book or on internet..its his tried & tested method..We should be greatful to him that he is sharing with us all his hardwork.
2) ST Sir once said"There is no 100% mechanical system which gives extra ordinary performance, yes mechanical method can do average performance" There is some discreation needed to perform extra-ordinary..& discreation comes with Screentime & experience...
3) there is no substitute for hardwork..In trading,it means Screen time & watching lots of charts..minimum 10K chart..Our own great trader RJSHEM Sir suggested that..I am following his advice as much as I can do..& That can do wonder..
4) This thread is GEM ..Please read every post & every chart posted by VarunSir..People will give excuse about so many posts..But GUYS! You have to do hardwork..you have to do..there is no option..& then use concepts which is appealing to you or you can apply them..
Trust me! I have read all 592 pages of this thread...& took hard copy of every single line told by Varun Sir in my notebook..I have filled 3 A4 Register of 500 pages..(dont ask for Pdf as I dont prepare soft copy)..( sameway I do whatever told by ST DA,RJSHEM SIR & other traders in traderji..I write down every single line in my notebook)..you will get Gems in those line..years of experience which you can never get in any book.
5) forget every AFL ,entry, exit..etc....Just Put simple Price chart & put OBV PANE below it..& just watch & observe both movement on your favourite scrips on your favourite time frame..just watch 2years chart & observe...you will find so many new observations..& then choose your setups..make your own entry ,exit rules ..backtest it & if successful , trade them..
6) Some great trader said" System is just 20%..rest 80& is psychology & money management" ..I would say, "choose a good system, Apply good moneymanagement & risk management, PSYCHOLOGY will come in right place automatically.."
I hope it helps something
Thanks a lot