My System - My trades.

Raja ji there were 3 possible scenarios in today's Bank Nifty. I promise i will post my charts covering all 3 at night but just let us discuss/debate amongst ourselves and look for the best fit. The 1st and the most basic scenario was to take all signals thrown up by the 15min. OBV ribbon in 1min.charts with adequate stops and adds. 2nd was to take long only trades looking at the 15period.OBV ribbon in 5min.charts with stops governed by 1min.charts and 3rd was to take signals from 1min.charts as per the prevailing signal in 5min.charts. If somebody can do this homework, we will discuss it threadbare at night.
:thumb::thumb: hope after today post many of us doubt will cleared.. Waiting for the post
 
Varun Saab,
Yesterday after closing you correctly predicted that Bank Nifty will open gap-up as there
was some good increase in OBV. What is your tomorrow's prediction sir? I think today's
rally may be due to good GDP figures. Tomorrow will there be profit booking?
 

wisp

Well-Known Member
Raja ji there were 3 possible scenarios in today's Bank Nifty. I promise i will post my charts covering all 3 at night but just let us discuss/debate amongst ourselves and look for the best fit. The 1st and the most basic scenario was to take all signals thrown up by the 15min. OBV ribbon in 1min.charts with adequate stops and adds. 2nd was to take long only trades looking at the 15period.OBV ribbon in 5min.charts with stops governed by 1min.charts and 3rd was to take signals from 1min.charts as per the prevailing signal in 5min.charts. If somebody can do this homework, we will discuss it threadbare at night.
Varun Ji,
1 min OBV only trades:

SL on price extreme at opp color OBV. Trend change only after SL taken out and Ribbon in right color. Entry on 1 min pivot. Please correct if against rules.

Aqua arrow - long entry
Aqua line - sl
Aqua dotted arrow - add

Red is short same as above.
 


Raja ji the green vertical lines are longs and the red lines are shorts. The green dotted and red dotted lines are adds. I have shown all possible trades as per the 1st scenario. The 2nd scenario only green line trades would have been taken with adequate stops. And in the 3rd scenario (I have drawn 4 Pink lines) the period between the 1st and the2nd pink line and between 3rd and 4th pink line was the time when 15period OBV ribbon in 5min.charts was red. Hence short trades only were to be taken during that period and long trades during the rest.
 
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