My System - My trades.

[varunkochhar]

Moreover whenever i carry my position overnight like i did with 21500CE on thursday, i sell 300-500 points higher strike option to cover my exposure.

 

[checkmate7]

Varunji any analysis on crude today???

 

[varunkochhar]

Checkmate ji range for today 3170-90. Either side can give atleast 20 points. But for upmove the volumes need to come which are absent till now.

 

[varunkochhar]

OBV based trading (Only trading BO in OBV) Gave more than 2200 points in 2 days (from 21480 on friday) (one Initial position and 6 adds) No SL hit.

 

[varunkochhar]

OBV more often than not gives clean breakouts and dictates the market direction. I was pitying people who were buying puts for every 50 pts. rise. When the BN future started trading in discount, i remember i had sold 22000PE around 550 on friday and covered it today because of the confidence which OBV gave me. The OBV largely represents the serious market participants and their chartered course. Now you all tell me what else is left to teach about OBV. It is as simple as trading the BO/BD of OBV. You do not need rules or a method for it. Sure SL may hit but then it hits, what can one do about it.

 

[varunkochhar]

And the beauty about this method is you do not require any HTF charts or any other indicator for confirmation. Just 1min.charts (or better still tick charts).

 

[Bhairava]

OBV based trading (Only trading BO in OBV) Gave more than 2200 points in 2 days (from 21480 on friday) (one Initial position and 6 adds) No SL hit.

It gave me 2100 points in 2 days.

 

[Bhairava]

With just 2 lakhs rs anybody can make 20 lakhs+ money in just a year with OBV

 

[varunkochhar]

With Nifty one could have got 800+ points in the last 2 days with 1 initial and 10 adds. Though i do not trade Nifty. But just look at the clean Breakouts.

 

[varunkochhar]

In Nifty we are at all time high in Price and OBV, but there is a cause for concern in BN as there are still 2 bands of resistance in OBV above today's closing levels. There is a visible divergence between price and OBV as we are still lower in OBV levels from the levels reached a few days ago when we made a high around 21970 in BN futures. These levels might provide points of reversal/ retracement if not conquered.