My System - My trades.

[varunkochhar]

Just a question answer session with myself about my crude trade today now that i can think more clearly after downing a couple of pegs.
Why did you take the trade ?

Because the system threw it at me

Were you not apprehensive that you could end up with a losing trade ?

I was fully aware of my risks before going in for the trade and the SL was well within my money management rules. I went into the trade with the understanding that my stop will be hit. I surrendered to my system.

Are you Nostradamus and you knew that you would earn so much from it ?
No i just went into the trade on getting the signal and stayed with the flow.

Why did you take so many adds ?
Because the system kept on providing me with opportunities while mitigating my risks.

Why did you not exit anywhere in the middle ?
The system did not stop me out at any time so i could be with my trades for the longer time. Today i thought of having full faith in my system (as the ribbon system is somewhat new for me.) I realised between the two of us (me and the system) only it knew of the mood of the markets. Hence total surrender.

Are you satisfied with your trade(s) today ?

More than satisfied, not only because of the profits (which are always welcome) but because it let me stay in the trade for a longer duration of time.

Would you take such trades in the future ?
Always.

 

[kumudhan]

In every forum people are there
to spoil the atmosphere.

sorry to say this sir.if you think varunji is above all here then that is your problem.how can you say that i am spoiling the atmosphere? this is a public forum and i asked my doubts to him and as he got angry i gave way. how can you say that im spoiling? i asked not only him.that post is visible to all.happy sir too posted a reply addressing me.if you are well versed and intelligent reading varnji s method why dont you reply me?it is a open challenge.comeon post the rules and post a few charts kcsusha.

 

[varunkochhar]

Kumudhan ji thanks for your interest. My crude charts are all messy. I would have to remove all my S and R points to make them visible but if you insist i will do it for you. Or if you could post the same chart with 15period OBV ribbon i can explain it. Not much to explain. Just took 1st short at 3627 when the ribbon colour changed to red from blue. The ISL was 2 points above the highest levels of price of the last blue part of the ribbon preceding this signal. From then on just keep adding on this signal changing to red from blue and keep trailing your SL by the same method as explained above. the last add 11th came at 3588 with SL for all 12 lots at 3594+2 = 3596. Average of all shorts comes to about 3615-18. (Lowest levels reached were 3573) so about 45 points perlot multiplied by 12 = 540 points at the lowest.

Kumudhan ji what have you not understood in my crude post. Is it the ribbon being used or the method of my trades, adds or stops.

 

[varunkochhar]

Vijkris ji have you understood this post or not. Be truthful because if you have not then who will frame the rules. You are the best for that and i am always greatfull.

 

[kumudhan]

Kumudhan ji what have you not understood in my crude post. Is it the ribbon being used or the method of my trades, adds or stops.

just the ribbon part.the afls tobe used and rules wrt ribbon part only sir.in wholeday ribbons changed color many times but you in short only..

 

[varunkochhar]

just the ribbon part.the afls tobe used and rules wrt ribbon part only sir.in wholeday ribbons changed color many times but you in short only..

Kumudhan ji you have not been following my thread for the last few days. I have talked about observing the trend also with the help of these ribbons by observing the highs and lows wrt the ribbons. And secondly what is most elementary is that i was never stopped out to change the direction of my trades.

 

[vijkris]

Vijkris ji have you understood this post or not. Be truthful because if you have not then who will frame the rules. You are the best for that and i am always greatfull.

Thanks..

i did put an alarm for the first method.
My posts in my thread.. http://www.traderji.com/trading-dia...w-way-pivot-trading-vwap-106.html#post1209040

I couldn dig out exact posts where afl were there.
Till now 20 trades taken using 1st method. 55% winners. :rofl:

My dimag was unable to catch up with 2nd method..
Thats y not troubling anyone here..

Its my fault entirely..
cepetrading idea i understood. both price and obv 15 period should change color at the same time.

 

[varunkochhar]

In the market both price and volumes were in complete sync that is why we got this one sided trend. That is why i always tell people to understand what the system is all about. It is about capitalising on opportunities when both price and volume are in sync.This happens just 20% of the time, at that time with adds you can make it count. That is the most simple explanation of a trend in all time frames.

 

[Subhadip]

Kumudhan ji read your post again, it was insulting and demeaning to say the least. It questioned my integrity and credibility It was not about my crude trade today but the method. If you would have taken some time to go thru my posts from the last few days, i was in the process of evolving a robust, simple and indicator free system to benefit all. I myself asked for suggestions to make this thread interactive but then when people started suggesting more indicators i stopped asking because no way was i to go back to my old confused ways again. Patience has never been my forte. Not everyone can be like ST ji who is a perfect gentleman. I am not that evolved as a person as i still have the beast in me which rears its ugly head time and again, which i live to regret. That said everybody who has been a part of this thread knew of my shortcomings. Why instigate. Though i am an alumini of Delhi's St.Stephen's College in Mathematics, i let the tutor teach both my daughters in mathematics during their schooling years because of my lack of patience. We have to grasp the ideas expounded in this thread and not my trades. This thread was started under technical analysis and that was its objective. It was never meant to be a buy or sell advisory. The reason i had thrown so many methods was not to confuse people but to find the best fit. The common factor in all my methods was the usage of my favourite indicator OBV which truly tracked volumes objectively. The reason for evolving my methods was to cut down the lead time and to make stops smaller. A few days ago i had asked people not to change any settings because things were fluid. Today after weighing all pros and cons i came upon this conclusion by keeping too many filters we delay our trade so best to follow OBV 15 period ribbon and to forsake the delay and sometimes the whips with it for the sake of timely entries. These whips are more than made up by the exponential profits in adds. Man makes rules not the other way round. People who have followed the gist and essence of this thread can appreciate what i am talking about. If one does not care to understand the rationalle behind my reasoning will never be able to use this system to its true potential. I am forever in debt of Happy ji for the ribbons because it does multiple things for me and i am still exploring more of its usage. It not only gives me great entries and even better stops. It helps me to gauge the trend and also help me draw trendlines effectively ( a habit i had given up long ago).

Excellent...

just one view from my side, please add in a ratio: 4:2:2:1....

 

[varunkochhar]

Well only one ribbon 15period OBV ribbon used for trades in crude 1min.TF today. Once in trade or adds only followed sl/tsl while initiating the trade/add and did not change it in between trades. Is it clear now.