My System - My trades.

On 11th May the LV bar in Nifty had a closing price of 9448.9. (This should come into play on Monday if 9404/9409 is protected.) Whether it reacts from those levels or go up from there would only be clear on Monday. (I do not trade Nifty). Another interesting observation to share with you is when you connect these points of the price levels of the last few days you get a fairly good idea of the inherent trend of the market by looking at the pattern it is making. (Higher highs higher lows or vice versa). This cuts out the noise and is easy to comprehend.
 
Out of turn posting two charts get my understanding cleared by Varun Sir.
circle are entries, Rectangles are no trade zones.



MKBji,

Could you specify the time of the LV Bar ...

and also could you tell , we need to take trade immediatly after LV bar BO/BD and after confirmation of OBV value change UP/Down (even small value)...

OR

we need to take trade only after visual clear confirmation of the OBV change.. as you presented....

regards..
Mano
 
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MKBji,

Could you specify the time of the LV Bar ...

and also could you tell , we need to take trade immediatly after LV bar BO/BD and after confirmation of OBV value change UP/Down (even small value)...

OR

we need to take trade only after visual clear confirmation of the OBV change.. as you presented....

regards..
Mano
Yes Bank first LV @ 9.18, subsequent LV bars were in close vicinity. OBV was nearly Flat, short tarde to be taken after BD of LV bar and BD of OBV.

High probability trades will come when both price and OBV in Sync.
 

john302928

Well-Known Member
Dear Varun kochhar, you had asked me to remind you about postmortem chart on reliance
 

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