My System - My trades.

[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.

Thank you Sir. I will be posting a couple of subsequent trades after this trade to get a good grasp of the system. I hope u will not mind the trouble.

 

[Smart_trade]

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.

Thanks for the chart. This chart is 1 min timeframe chart...which means the set up is also decided on 1 min 15 period ribbon supports and resistances...and not on 5 min 15 period ribbon...am I right ??

Smart_trade

 

[varunkochhar]

Yes ST ji. Unlike price where the levels remain same across all time frames. OBV has different values in different time frames. As 1min.OBV is the truest picture because it is not impacted by vagaries of 1/2/3/4 and 5th minute of 5min.charts it is most dependable. By following the DOW principle also in 1min.charts you are better equipped to capture the highs and lows of the day to the T.

 

[Singhraja]

Happy Ji please share today's banknifty trades chart with all three scenarios thanks...

 

[Singhraja]

Varun sir after 2:10 pm when both ribbon blue where was long trade triggered

 

[varunkochhar]

Raja ji i did not take that signal but it came at 20783 and the SL was 20772.

 

[varunkochhar]

20 points scalped by this method in crude just now. Short at 3565 covered at 3545

 

[Aman1]

I am short from 3569 could not exit at 3545. What is stoploss Varunji?

 

[varunkochhar]

Amanji the current SL as per ribbon system is 3565+ 2 = 3567

 

[varunkochhar]

I know it is quite far off that is why i controlled my greed and booked out at 20points. And also today is inventory day.