My System - My trades.

[ampa]

Hi Varunji,

I am silently following your thread from the beginning and I really appreciate what you have shared here. It is very helpful to not only a new trader but also to whoever trading for long time as people like me always try to fine some fancy system or indicators v/s not looking an indicator like OBV which is available in all the trading software.

One thing I noticed today (when I was comparing my chart with Happyji's chart) is that the 1 min 15 OBV ribbon is different for different people due to different data provider and that is creating lots of confusion among whoever is following this thread.

once again thanks a lot for sharing your experience and knowledge.

Herewith I am sharing a word file with important notes from this thread.

https://www.sendspace.com/file/wgpbh5

Regards
Amruta

 

[vijkris]

The TSL got decided maybe according to your time but got hit as per my time. ( i mean yours is the setup time and mine is the trigger time)

I understood what u meant.. :thumb:
So after tsl hit when to go long. There was no long today but generally speaking what setup to look for reverse long. ?

I am asking bcos planning to make a small summary of this 1 min obv, price system only.

thanks

 

[vijkris]

Hi Varunji,

I am silently following your thread from the beginning and I really appreciate what you have shared here. It is very helpful to not only a new trader but also to whoever trading for long time as people like me always try to fine some fancy system or indicators v/s not looking an indicator like OBV which is available in all the trading software.

One thing I noticed today (when I was comparing my chart with Happyji's chart) is that the 1 min 15 OBV ribbon is different for different people due to different data provider and that is creating lots of confusion among whoever is following this thread.

once again thanks a lot for sharing your experience and knowledge.

Regards
Amruta

my opinion even if data is different, concept must be clear. Some will have early tsl hit, like i had, but will capture the move, and also have some roti for dinner. :thumb::rofl:

 

[varunkochhar]

VijKris ji i was about to come to that point myself. Just blindly following the ribbon would come up with its share of whips. Try to be with the minor trend at least while taking these ribbon trades. I feel one would definitely get better setups and trades if he takes longs and adds till we are making higher lows as ribbon method and to take short trades and adds in vice versa case. Like i explained in ST ji's post. When you get a counter trend after minor trend (swing) exhaustion they often give very good trades with not only excellent RR but many times the major trend also changes at these times like in BN today.

 

[ampa]

Hi Vijayji,

I was not pointing out anything about what you asked to Varunji.

I was just sharing what I found and the difficulty I am facing because of different data source.

And you are quite right that the concept needs to be very clear - then it will very helpful.

Regards
Amruta

 

[varunkochhar]

If it all is too profound, tell me so that i can try to explain in simpler terms.

 

[vijkris]

Hi Vijayji,

I was not pointing out anything about what you asked to Varunji.

I was just sharing what I found and the difficulty I am facing because of different data source.

And you are quite right that the concept needs to be very clear - then it will very helpful.

Regards
Amruta

I was also generally saying.. this is not the first time data difference issue happened.

Last time varun ji was long, and i was short. :lol::lol:
Both followed the same rules...

 

[vijkris]

If it all is too profound, tell me so that i can try to explain in simpler terms.

Varunji, i suppose it is clear as of now. Still night time is my weakest time. will copy ur posts to my thread and will analyse further.

due to ribbon method, now able to hold the trades for 3,4 hours as well.. first time was able to do that..
:thanx:

 

[varunkochhar]

Ok let me try to explain once again. Till the time we are making higher lows in price in the last 2 consecutive red ribbon period we look to take long trades and adds till we are stopped out or one chooses to take profits at his greed levels. And once we go below the last red ribbon periods lowest price levels we take a short and be in the trade and take adds till we are making lower highs in the last 2 consecutive blue ribbon periods. To add to the confusion pls observe the OBV also that it is in sync with this trend in price HA HA.

 

[varunkochhar]

Yes we can't thank Happy ji enough for the ribbons.