My System - My trades.

[Singhraja]

Sir can you guide how to take positions on basis of obv line

 

[monkeybusiness]

Sir can you guide how to take positions on basis of obv line

If query is directed to me:

mark horizontal lines on high low of last 15 minutes on OBV. Trade in direction of breakout. Ride the trend with OBV, if BO fails scratch the trade.

 

[varunkochhar]

Why not MB ji. It was a screaming sell trade. This was just the trade i was waiting for to come to me.

MB ji this was a must trade with very low risk. Just look at the charts(we were making higher lows in the previous 2 red ribbons period so we were probably looking for longs right) but look at the 2 previous blue ribbon period, we were making lower highs so we should have been ready to short if we fell below the lowest levels in the last red ribbon period (as breaching would have nullified the condition to go long as we would be making a lower low). Lower highs was already in place, the breach of the low levels just before 10:50 gave a splendid short.

 

[varunkochhar]

It has only been about 6 weeks when i started this thread, but it seems that i have known you guys for ages. Thanks for your love and good wishes always.

 

[rjshem]

Good Evening Sir
Today 4 trades sir..1 long 2R, second short 6R , 3rd long-6R & 4 long 1R on closing..
As I told yesterdy, after yesterday kind of sideways, a violent move follows in 1 or 2 dys
Thanks a lot for OBV concept..Now I have confidence to hold my trades & Art of putting small sl
Thanks a lot & regards

So u made 15x today just trading one index that is really very very good hope u go on like this and dont forget to compound ur lot size as ur capital grows.

 

[Apacheindian]

Apache ji great find 196 now. Kudos. I did not trade it today. Was busy with BN in the morning and Nickel(20 points yesterday with adds and 10 points today so far with adds).

Todays trade is dedicated to you Varun Sir..!!

Thanks again for helping us.

 

[varunkochhar]

I just cannot thank Happy ji enough for designing the ribbons for me. By his act of kindness and brotherhood i am a changed person and a trader. I can trade multiple markets now. Thanks from the core of my heart.

 

[varunkochhar]

Missing Vij Kris ji. Where are you sir.

 

[monkeybusiness]

MB ji this was a must trade with very low risk. Just look at the charts(we were making higher lows in the previous 2 red ribbons period so we were probably looking for longs right) but look at the 2 previous blue ribbon period, we were making lower highs so we should have been ready to short if we fell below the lowest levels in the last red ribbon period (as breaching would have nullified the condition to go long as we would be making a lower low). Lower highs was already in place, the breach of the low levels just before 10:50 gave a splendid short.

Yes, Sir,
It will take some practice to read PA this way, around 10.30 got out of yesterdays long, see failure of OBV to go high as well as lower high by price.

That time mind was too occupied with long bias, so couldnt interpret information in real time.
Around 12.38 followed OBV & took long @ 635, but poor show in trade management hit TSL.

 

[varunkochhar]

Wisp ji you too. It seems you have still not forgiven me. Sir let bygones be bygones.