My System - My trades.

[varunkochhar]

Keep on updating the OBV level range on completion of ribbon red or blue period. Your OBV BO/BD levels should always reflect the latest data, meaning whenever the colour of the ribbon changes you should update your OBV level BO/BD line as per the last completed colour.

 

[Happy_Singh]

Hello Varun

Can I ask you a non trading question?

What motivates you to share here your system & your trades

Thanks

Happy

 

[varunkochhar]

Hi Happy ji. I learnt a lot from Saint sir in this very platform, i guess it is time for payback now. Nothing else. Just doing my job in continueing in the philosophy "Teach a man to fish.." I am just a faceless name on this forum and i hardly know people around except you to a certain extent. If i help someone and i happen to know him as well then at some point in time i would start having expectations from him. This is somewhat like GUPT DAAN. Pls do not think of the Daan word in the wrong sense. I have been very lucky in my life as God has given me abundance.

 

[Happy_Singh]

Hi Happy ji. I learnt a lot from Saint sir in this very platform, i guess it is time for payback now. Nothing else. Just doing my job in continueing in the philosophy "Teach a man to fish.." I am just a faceless name on this forum and i hardly know people around except you to a certain extent. If i help someone and i happen to know him as well then at some point in time i would start having expectations from him. This is somewhat like GUPT DAAN. Pls do not think of the Daan word in the wrong sense. I have been very lucky in my life as God has given me abundance.

whenever some one nags / casts aspirations or something irritates. . . .

it is better to focus on this Why in the first place . . .

and believe me there would be many moments,
when we feel its just freaking not worth it


Happy

 

[wisp]

Latest OBV rules:

Look for OBV Trend in 5 mins
Take trade when OBV trend in 1 min syncs with OBV trend in 5 mins

Take trades as per ribbon colours only in the direction of OBV trend.

Now we are in buy mode in both1min. and 5min.tf so look for opportunities to go long when the ribbon first goes to red and then back to blue. As then the SL's would also be small and manageable. Right now the SL's are too far away. (They are at yesterday's levels only as per this ribbon system)

Keep on updating the OBV level range on completion of ribbon red or blue period. Your OBV BO/BD levels should always reflect the latest data, meaning whenever the colour of the ribbon changes you should update your OBV level BO/BD line as per the last completed colour.

Trend Change:

Mr Brar this is 1min. OBV charts of BN for today. I have marked green horizontal lines corresponding to the highs of OBV value in blue period of 15period OBV ribbons. Similarly have marked red horizontal lines corresponding to lows of OBV value in red period of 15period OBV Ribbons. The dotted green and red lines are the time when OBV made a higher low higher high in these periods. That is the time intraday trend changed in 1min.charts. This was what i was refferring to in my post at 1:31 (post # 2517) I hope it is clear. The price at that time was 20652. It made a high of 20709 after that.

 

[varunkochhar]

We have been making lower highs and lower lows since the highs of today. So technically the intraday trend as of now is short. The trend will change if we go above 20857.9 (last high as per ribbons) and then not fall below 20808.1 (last low as per ribbons). But in doing so pls also ascertain that OBV is also following suit to be doubly sure.

 

[varunkochhar]

We have been making lower highs and lower lows since the highs of today. So technically the intraday trend as of now is short. The trend will change if we go above 20857.9 (last high as per ribbons) and then not fall below 20808.1 (last low as per ribbons). But in doing so pls also ascertain that OBV is also following suit to be doubly sure.

So both the levels still holding.

 

[Singhraja]

Sir as per my understanding of ribbon system we look for the trend in 5 minutes charts we first look for obv pane 60 min ribbon if it is blue we should go for long then we see the price pane having two ribbons that must be blue for long trades then we go to lower time frame 1 min and trade the same with stoploss of last pivot. Varun sir or others members please correct me if I'm wrong

 

[varunkochhar]

Today also shorted crude at 3621 and added at 3610 tsl at 3615 as of now.

 

[varunkochhar]

Sir as per my understanding of ribbon system we look for the trend in 5 minutes charts we first look for obv pane 60 min ribbon if it is blue we should go for long then we see the price pane having two ribbons that must be blue for long trades then we go to lower time frame 1 min and trade the same with stoploss of last pivot. Varun sir or others members please correct me if I'm wrong

Raja ji just look up a few charts by your method (rules) if it gives you good results then stick to them. Meanwhile if you go through the discussions over the past couple of days you will find your answers. Pls find the best fit.