Taking yesterdays discussion forward.Tuna ji how would you have traded crude yesterday based on your system. Pls treat this as a healthy discussion.
No worries, discussion with me will be always healthy. I actually made a big one yesterday which I did not post, based on own systems. I posted the chart only for the new one with OBV which I am testing. I will show you the chart of that trade based on my bb cci system on next post. Right now not in front of my system. But let me acknowledge your concept is really good, else I would have not have build a new one and testing it. OBV adds a whole new dimension to trading decision making. Its nice !!
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The system was discussed here:
Here it is for yesterday:
And as I already said (Power of confluence @ Concept # 4), I don't decide on a single system and lowest TF for my trading is 3 mins, decision making based on Hourly and Daily for the day bias.
I always look at the bigger picture before making my calls. On my Daily EMA ST view, the price was showing the potential of bouncing on from Daily STI level, holding above 100 EMA, and breaching 50 EMA - Perfect recipe for going long, only fools would have gone shorting that day.
All I am saying:
Everyone has a different way to game the market. One needs to find out which one works for him instead of hoping around systems. But one thing that does not cause any harm, checking the bigger picture (higher TF on Hourly or Daily) before deciding on lower TF which one to take and which one to skip. Saves a lot of the whipsaws.
I am in the profit zone since last 5 years, consistently (recovering loss of last 6 years before that) - all using lagging indicators.
And I don't add, I go full size, I exit and I re-enter. Works like charm. Happy Bro is already aware of the MTF STI system we have been checking as a top of this concept.
Anyways, appreciate that all the values you brought to this thread and the new system I am testing (on 5mins), is looking great as well.
One request,
For easier readability, if you can post your thoughts in a single or double post a day and may another post answering query, it will help others to comprehend and read your trading concepts little more easily. Hope that is ok with you.