My System - My trades.

This is the same Chart in a magnified form. These charts are specifically for those people who have a keera to short at every 50/100 points. Guys atleast let the big boys short decently to follow them. We are at lifetime highs in indices, with no signs of selling/distribution yet. I had said somewhere else also that the last time Nifty made life time highs, we got sold into that and could not sustain it past the first hour. This time it is different as we are continuosly making new highs almost every day.

Coming up next Nifty Charts. I mean follow any method eliott/TDST... but atleast wait for a confirmation. Do not let your actions deliver a double whammy by losing out on an opportunity to go long in an uptrend and to give you losses by shorting.

Nifty Charts

Nifty Charts

These charts i have posted to make people understand how much liquidity has entered the market by the smart money. (OBV tells us about the increase in open Interest by the smart money). All dips need to be bought into till reversal sets in. One need not call a top with every 50/100 points. I would rather forsake the first 100/200 points in the reversal, if it sets in. Then also it will leave plenty on the table to capitalise on.

Varunji for a 15mins and 30 mins chart what should be the two EMA that should be considered according to you??

Checkmate ji i donot use 15min or 30min charts. I only use 1min. charts and my favourite EMA are 36 and 200.

Checkmate ji EMA's are lagging as they derive their values from price. I do not use EMA's for basing my trading decisions. Only for adding to my position i use them.

Yes I know but in Crude I feel higher TF would be better so was testing something to remove fake signals...

22300 May 04 call makes a high of 120 (Up almost 50% from purchase price)