My System - My trades.

[Happy_Singh]

The ribbons were well respected. Now the SL for longs stands at 20555. Thanks Happy ji for the ribbons.

The day was easy . . . tight range but the basic rules kept me on the right side . . .

yet many . . .many thing to learn here, from your inputs, keep them coming :thumb:


Just wishing that trading was as easy as AFL Coding :lol:


Happy

 

[Vipul_84]

Yes Varun ji. Cn it be more simpler? How to capture these swing points?

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

 

[Smart_trade]

Yes Varun ji. Cn it be more simpler? How to capture these swing points?

As soon as a red ribbon on 1 min 15 period OBV ribbon changes its colour to blue, go to 1 min price chart and mark a lowest point in the preceeding red colour band...this is our support. And as soon as the band colour changes from blue to red, then go to the 1 min price chart and mark the highest point achieved in the preceeding blue band...this is our resistance point...

We trade long when the market is making higher bottoms( and higher tops) and short when it is making lower tops (and lower bottoms)...

Chart par mark karo...simple hain...

Smart_trade

 

[Aman1]

crude trade Karen ya so jana chahiye? boriiiiiinnnggg......

 

[Happy_Singh]

Hello

This is the code (old) used for plotting 15 Period OBV ribbon

Ob = OBV();
H15 = HHV(Ob,15);			L15 = LLV(Ob,15);	
B1 = Cross(Ob,Ref(H15,-1));		S1 = Cross(Ref(L15,-1),Ob);
B1 = ExRem(B1,S1);			S1 = ExRem(S1,B1);
UP1 = Flip(B1,S1);			DN1 = Flip(S1,B1);
PlotOHLC(10,15,10,10,"",IIf(UP1,colorBlue,colorRed),styleOwnScale|styleNoLabel|styleCloud,0,500);

Add these two line to it, if you want to plot vertical lines on your chart marking the bar on which the ribbon flips color

Plot(IIf(B1,1,0),"",colorBlue,styleOwnScale|styleNoLabel|styleHistogram|styleDashed,0,1);
Plot(IIf(S1,1,0),"",colorRed, styleOwnScale|styleNoLabel|styleHistogram|styleDashed,0,1);

Happy

 

[Apacheindian]

Wrong post

 

[wisp]

Hello

This is the code (old) used for plotting 15 Period OBV ribbon

Ob = OBV();
H15 = HHV(Ob,15);			L15 = LLV(Ob,15);	
B1 = Cross(Ob,Ref(H15,-1));		S1 = Cross(Ref(L15,-1),Ob);
B1 = ExRem(B1,S1);			S1 = ExRem(S1,B1);
UP1 = Flip(B1,S1);			DN1 = Flip(S1,B1);
PlotOHLC(10,15,10,10,"",IIf(UP1,colorBlue,colorRed),styleOwnScale|styleNoLabel|styleCloud,0,500);

Add these two line to it, if you want to plot vertical lines on your chart marking the bar on which the ribbon flips color

Plot(IIf(B1,1,0),"",colorBlue,styleOwnScale|styleNoLabel|styleHistogram|styleDashed,0,1);
Plot(IIf(S1,1,0),"",colorRed, styleOwnScale|styleNoLabel|styleHistogram|styleDashed,0,1);

Happy

Very nice Happy Ji. Possible trades acc to my understanding.

 

[varunkochhar]

Another thing i have observed is that a trend matures to a good trend on breaching 200EMA both in price and OBV. Adds during this time have a better chance to give exponential returns as after the battle at 200EMA one group (Bulls or Bears) wrests control and takes it to the next level where it waits again for 200EMA to catch up. Just try this approach in your trading.

 

[varunkochhar]

One can add aggresively after conquering 200EMA convincingly.

 

[varunkochhar]

So long signal in crude came at 3532 with an ISL of 3528-2 = 3526. It was a good entry point because we had put in a higher low in the preceding red band period.