My System - My trades.

[varunkochhar]

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?

KC ji we are in buy mode in 5min.charts and that is what matters. Though i would feel very cofortable in longs if we close above 21000. SGX Nifty is suggesting a gap up but will it sustain or not will only be revealed tom. Tommorrow also happens to be weekly expiry so all in all should be an action packed day. The current SL as per 5min.charts is 20813. We are making higher lows from 20635/20808/20813. So 1st sign of weakness would come below 20800 odd levels.

 

[varunkochhar]

Some people had asked a few doubts yesterday as well. If you can post it again i might be of some help.

 

[neophyte16]

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 method. The 2nd method only green line trades would have been taken with adequate stops. And in the 3rd method (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.

Varun ji thanks for posting the charts. i ll begin wid a couple of questions if u don't mind:
- What are the horizontal green and red lines in the price pane?
- For any color ribbon, understood that 15 obv is to be followed...wanted to know the highest and lowest levels for the ribbon length are marked based on the OBV line or the price.

Regards,

 

[mdabrar]

sir plz make it clear how much strategy u are using , if it is 3 then make it clear sirji method 1 , method 2 and method 3 plz

 

[mdabrar]

i would be very happy if u put ur real trade price along with timing and method. thank u for effective strategy.

 

[varunkochhar]

In my post # 2658 the word should have been scenario instead of system. This has caused a lot of confusion. I have corrected that message. Pls go thru it again. Sorry for the confusion. Having said that, i have given you the 3 scenarios and trades according to that. Take the best fit as per your own judgement. Trading is a probability game. You just have to find an edge. The ribbon discussed is there with all of you. There is no point in asking for my exact entries and exits over and over again. You might take the signal as soon as you get it or wait for a pivot to breach. It all depends on the individual. You trade any of these if it gives you an edge or use any other method you deem fit. Thank you.

 

[Happy_Singh]

In my post # 2658 the word should have been scenario instead of system. This has caused a lot of confusion. I have corrected that message. Pls go thru it again. Sorry for the confusion. Having said that, i have given you the 3 scenarios and trades according to that. Take the best fit as per your own judgement. Trading is a probability game. You just have to find an edge. The ribbon discussed is there with all of you. There is no point in asking for my exact entries and exits over and over again. You might take the signal as soon as you get it or wait for a pivot to breach. It all depends on the individual. You trade any of these if it gives you an edge or use any other method you deem fit. Thank you.

Hi

Talking about 3 . . .

just to check if my understanding is correct,

I am looking at BNF Chart 1 minute

At open after gap up the OBV is blue . . . turns red at 9:27,
lowest point till then is previous bar low i.e. xx867 so

Short 1 @ xx867 +/- whatever buffer/minor pivot etc
me would not take this short as opening gap
and price just in process forming opening range

Long 1 @ xx884 (highest of next red part, 09:41)
MFE for this was 74 points, MAE = 22 points

Also one add @xx889, as OBV again turns blue

Short 2 @ xx910 (11:45-47) incidentally on 11:45 bar both ribbons also turned red, so scenario 2 + 3
MFE on this is 83 points and counting
no adverse excursion so MAE = 0

No Adds on this due to ribbon flip but, trade on scenario 1 triggered which can be considered as Add @ xx888

Happy

Disclaimer: slight or maybe big difference can be there due to data difference at my end

 

[Singhraja]

Hi

Talking about 3 . . .

just to check if my understanding is correct,

I am looking at BNF Chart 1 minute

At open after gap up the OBV is blue . . . turns red at 9:27,
lowest point till then is previous bar low i.e. xx867 so

Short 1 @ xx867 +/- whatever buffer/minor pivot etc
me would not take this short as opening gap
and price just in process forming opening range

Long 1 @ xx884 (highest of next red part, 09:41)
MFE for this was 74 points, MAE = 22 points

Also one add @xx889, as OBV again turns blue

Short 2 @ xx910 (11:45-47) incidentally on 11:45 bar both ribbons also turned red, so scenario 2 + 3
MFE on this is 83 points and counting
no adverse excursion so MAE = 0

No Adds on this due to ribbon flip but, trade on scenario 1 triggered which can be considered as Add @ xx888

Happy

Disclaimer: slight or maybe big difference can be there due to data difference at my end

Where is the stoploss of 20910 Short

 

[Happy_Singh]

Where is the stoploss of 20910 Short

That I don't know bhai, no one told me about that :lol:

btw, where would you put the SL?


Happy

 

[Singhraja]

Imo 20950 as it was high rest you all master of the method knows better