My System - My trades.

On my charts this period 11:15 to 11:24 is showing a red ribbon in OBV 15 period.
Ok on my chart its 11:19 to 11:28

Maybe because of different data vendors.
Yes, that's why troubled you repeatedly to confirm the rules . . . No issues, such minor differences will not matter . . . .

But seems I am making a mistake while deriving the BO/D levels . . .

when the ribbon is blue I was choosing lowest-low point as support / BD level and
when the ribbon is red I was choosing highest-high point as resistance / BO level


Thanks

Happy :)
 
Ok on my chart its 11:19 to 11:28



Yes, that's why troubled you repeatedly to confirm the rules . . . No issues, such minor differences will not matter . . . .

But seems I am making a mistake while deriving the BO/D levels . . .

when the ribbon is blue I was choosing lowest-low point as support / BD level and
when the ribbon is red I was choosing highest-high point as resistance / BO level


Thanks

Happy :)
Happy ji it is the other way round. Good you posted this in the thread so everybody gets it.
 
Dear Varunji,

First of all thanks a lot for the OBV system. It really is amazing to see the way Volume precedes Price. This has got tremendous profit making potential. I hope everybody utilizes this oppurtunity in a good way.



http://imgur.com/a/wfqHh

Sir , I was taking positional trades in Nifty Futures, based on 5 min TF. I have attached today's screenshot. Kindly let me know whether the SL for the short of 8978.95 is 8984.91 or 9017.8. Since 8984.91 is the high when the 60min bar was blue, and 9017.8 is the high when all the bars were blue.

Regards,
oldtrader
Oldtrader ji, the SL by the ribbon method would be 9017.8 (I know it is very far off but it is because you are using 5min.charts.
 

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