My System - My trades.

[varunkochhar]

Hi

Whats the significance of 11:15 to 11:25 AM

on my chart the ribbon was blue from 11:29 to 11:45 AM


Thanks

Happy

On my charts this period 11:15 to 11:24 is showing a red ribbon in OBV 15 period.

 

[varunkochhar]

Maybe because of different data vendors.

 

[Happy_Singh]

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

 

[varunkochhar]

ST ji the white vertical line is the setup point. The Red vertical line is the actual trade. And the red dotted vertical line is the Add.

 

[varunkochhar]

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.

 

[varunkochhar]

ST ji the white vertical line is the setup point. The Red vertical line is the actual trade. And the red dotted vertical line is the Add.

This way you always know when to enter a trade beforehand.

 

[varunkochhar]

SL in crude is now 3572.

 

[Happy_Singh]

Happy ji it is the other way round. Good you posted this in the thread so everybody gets it.

Thanks

Yes Now it is quite clear, all 3 scenarios . . .

And today I watched the 1 Minute monster after don't know how many days/years :lol:


Happy

 

[varunkochhar]

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.

 

[msa5678]

deleted wrong post

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