My System - My trades.

[vijkris]

Kumudhan ji even my ribbon changed colour many times. Now how do i explain to you. Okay so you have understood why i took my 1st trade. (It was because the ribbon turned red right). At that time i had a clear and well defined stop right. Then the colour changed to blue. You do not do anything then just wait for your stop to be hit. It did not right. Then again the colour of the ribbon changed to red. You took another short (an add). Right. Now you were short with 2 lots. Your SL would have also come down with this add. Now you kept on doing this (adding to your shorts) everytime the colour changed to red till you were stopped out of your trade. Have you got it.

Ok. That day we added 5 tf 15 period obv as 4 th ribbon. Do we have to use it?

So after opening we have to wait for 1st change in ribbon color. As soon as this change leads to red, we short with sl based on prev high seen during blue ribbon?

Next we wait for sl hit, and don't exit even if both ribbons turns blue? Exit only if sl hit?

We trail with new sl formed due to this blue again changing to red....

Anyone pls answer for these 4 points.
Thanks.

Trailing sl part is clear to me...that day in hindalco chart trail sl and adds were explained..
entry conditions only is the issue.....


Thanks for the patience .

 

[Smart_trade]

Ok. That day we added 5 tf 15 period obv as 4 th ribbon. Do we have to use it?

So after opening we have to wait for 1st change in ribbon color. As soon as this change leads to red, we short with sl based on prev high seen during blue ribbon?

Next we wait for sl hit, and don't exit even if both ribbons turns blue? Exit only if sl hit?

We trail with new sl formed due to this blue again changing to red....

Anyone pls answer for these 4 points.
Thanks.

Trailing sl part is clear to me...that day in hindalco chart trail sl and adds were explained..
entry conditions only is the issue.....


Thanks for the patience .

Correct vijkris, here he was using just 15 min OBV ribbon.The first time it changes colour to red,you are in short selling set up.Entry can be on a break of 1 min pivot low.The stop is kept at high of price corresponding to high in the immediately preceding blue ribbon.....whenever the ribbon changes colour to red,we add and trail stoploss down to the price high corrosponding to high of OBV in immediately preceding blue ribbon and go on adding and stay in the trend till the market takes us out on trailing stoploss.

Smart_trade

 

[Smart_trade]

Traders can initially experiment with 1 or 2 adds and see how profit multiplies,without increasing risk...yesterday's crude chart gave a trending move which is great for taking a few adds.

Smart_trade

 

[wisp]

Correct vijkris, here he was using just 15 min OBV ribbon.The first time it changes colour to red,you are in short selling set up.Entry can be on a break of 1 min pivot low.The stop is kept at high of price corresponding to high in the immediately preceding blue ribbon.....whenever the ribbon changes colour to red,we add and trail stoploss down to the price high corrosponding to high of OBV in immediately preceding blue ribbon and go on adding and stay in the trend till the market takes us out on trailing stoploss.

Smart_trade

ST Da,
Thanks a lot! According to the latest rule then trend is determined by OBV 15 alone and therefore all we need in the price chart is OBV 15 ribbon. Am I correct?

 

[Smart_trade]

ST Da,
Thanks a lot! According to the latest rule then trend is determined by OBV 15 alone and therefore all we need in the price chart is OBV 15 ribbon. Am I correct?

Yesterday and day before yesterday,crude was all along below its 200 ema in price and OBV....so we were in sell mode....he is using 15 period ema on OBV to take the trade and trail the stops....

About the rules,Varunji will tell more, I don't want to create confusion by giving wrong rules but this is how he traded yesterday.I always go with the concept and the logic behind any rule,and to me too it was a clear short in crude chart yesterday.

Smart_trade

 

[varunkochhar]

Trend in OBV changed as per 1min.charts. Now if the lowest levels of last red ribbon part is not breached can look at longs with reasonable stops.

This was my message at 1:31 yesterday. the price was 20651. this was on the basis of info provided by OBV. And then also people say that OBV is not a good indicator.

 

[vsaran]

kumudhan man .

and what challenge are you giving ,..to whom and for what ? if you would have gone through all the 250 pages of this trade .. you'd have ask .. i understood this thing but i didnt understood that one .. and have posted charts .. but no .. you are annoyingly asking for god damn rules again and again .... what rules man .. happy ji already posted almost immediately ....

its okay if you dont get the rules ... not every trading system is made for every one ... like i cant understand Marketprofile ... but after you wrote this " you think varunji is above all here then that is your problem "

i had to write this post ... i mean really man ? you are not able to find your arrow system
and so spoiling the atmosphere .

IF nothing then atleast respect a 50 year old man ..

[ps : i know why some ppl tend to write indirectly and not on the face of it ]

Well said Sir.In my early trading days(1996),there was no one to share their knowledge/wisdom.We had to learn ourselves in a hard way,losing money,time and energy.And nowadays people are getting those wisdom in their inbox straightaway.So they don't realise the VALUE of it and arguing.What else to say?

 

[varunkochhar]

SL for longs as per 1min. is now at 20665. (only in 1min. we are in buy mode). In 5min.charts the buy would come only above 20790 as of now.

My message at 3:09 yesterday. Another reason why i use 1min.charts because the signals are early.

 

[niftytaurus]

Dear Varun Sir
Thanks for your method.Obv Concept helps me to hold position in my existing setup..today first time in my trading journey I have got a trade of 1:10 reward..but i booked on 1:7 reward trading banknifty on 1 min..with small sl & big position I can achive it ..that Money management & sl placement I learn from varun sir'S one liners ..
.thanks Again Varun sir for your all information & experience you have shared with us..
I would like to thanks RJshem Sir for giving this profitable price action setup..I use it so many times with profit..thanks a lot RJShem sir for all your help
Thanks a lot
Regards

 

[varunkochhar]

Tommorrow should be interesting as there should be range expansion.

Yesterday's message.