My System - My trades.

[varunkochhar]

Ha ha now pls donot rub it in. Just joking.

 

[crude begginar]

For shorts the SL can now be 3592. The last Pivot high above 36EMA.

Thanks i entered at 3589 in crude mini when i saw obv below 200 and price below red line. Now stop moved to 3592 :clap::clap:..

 

[varunkochhar]

One can base his stops off 5min. charts also but i as a habit donot like to keep much on the table and hence have tighter SL's. Normally i trade in multiple lots (in multiples of 2) and start taking profits to cover my SL's and small profits too. They all shore up the bottom line by the end of the day. So my initial profit targets are 10/15/20 points in crude.

 

[varunkochhar]

I will not take long above 200EMA in price right now as OBV is a lot below 200EMA. Wil take a long only when both are in sync. Or look for a short if we go below 200EMA in price again as SL would be small.

 

[varunkochhar]

Now though both are above and in sync, the initial SL is very big.

 

[varunkochhar]

Bought 2 lots at 3598 with SL at 3593.

 

[varunkochhar]

Will book out 1 at 10 Points.

 

[varunkochhar]

Booked 1 at 10 Points.

 

[varunkochhar]

Trailed SL to 3596 as 3598 is the last pivot low under 200 EMA in OBV.

 

[varunkochhar]

We are still not out of the woods as OBV is still kissing the 200EMA and has not cleanly broken away from it.