My System - My trades.

niftyrider

Well-Known Member
Took longs as per OBV breakout in the morning.
Hello Varun
Thank you very much for such a simple but a powerful method.

For the long taken @ morning
1. Initial stop?
2.TSL ?

Or as trade taken on B/O of OBV tsl also with B/D of OBV?
 
Thank you Nifty Rider ji. The previous very significant high in BN was 20332 (the top on11/11/2016) We opened above it so i had placed my stop at about 10 points below it at around 20320. Though going by just today and yesterday's charts the logical SL would have been at around 20230. Now the trailing SL is at 20435-20440.
 
No Vjay ji in Gap UP you donot wait. My only consideration was that the OBV was above last closing and had already broken out in the closing minutes of last trading day. More over the level of 20332 was a very significant one as it was the 2nd highest pivot level ever of BN. We could only take out such resistances by gapping above them. That was what which clinched it for me.
 
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