My System - My trades.

[john302928]

I just saved this info from the thread.. Rest all posts were not relevant.

Thanks Vijkris, The last statement in the snapshot is the simple and wonderful answer to all the questions.
Thank you Varun Kochhar.

 

[vijkris]

Thanks Vijkris, The last statement in the snapshot is the simple and wonderful answer to all the questions.
Thank you Varun Kochhar.

the afl u were searching was already posted here.. I think wisp directed someone recently to this thread..

http://www.traderji.com/members-dis...-vijkriss-trading-record-pnl.html#post1206945

 

[Vipul_84]

Thanks ST Sir

Watch that on few charts...if the first bar is a sell off then market trades above its OBV abut still drifts down...in this case previous day's last bar OBV is never taken out and we are ready to short the very first pivot low break....

But don't want another controversy so each can use what he finds good....

Smart_trade

Yes Varun Ji mentioned that in one of his posts. But my study on few charts indicate that OBV close of previous day's last 1 min works better....so I use that.

We have to understand the concept...minor variations as per our own study of charts are to be incorporated in our trading.

ST

Yes we can take Kite 1 min chart OBV close in my view.Kite chart yesterday's OBC 1 min last bar close close is -846.7 K in NF and -137.3 K in BNF as per my chart.

Smart_trade

 

[vijkris]

Posting another half baked chart with explanation. Only OBV could have helped to trade it correctly with some degree of confidence.

Hi,

Anyone having the afl for above which shows the box on the top left, can you pls share it.

Thanks

 

[extremist]

Hi,

Anyone having the afl for above which shows the box on the top left, can you pls share it.

Thanks

if i get the logic behind it then may be i can manage coding.
the one who shared the pic can also share the code...
my time would be saved...

 

[extremist]

As suggested by Manoj Borle, here is the intraday OBV to play with.

_SECTION_BEGIN("Intraday OBV");

nd=Day() != Ref(Day(), -1);
br=BarsSince(nd)+1;
diff = C - ref(C,-1);
xv=IIf(diff>=0,V,-v);

tv=Sum(xV,br);
col=IIf(tv>0,colorBrightGreen,colorRed);
Plot(tv , _DEFAULT_NAME(),col,stylethick);

PlotGrid(0,ParamColor("0 Line color",colorWhite));

_SECTION_END();

 

[wisp]

if i get the logic behind it then may be i can manage coding.
the one who shared the pic can also share the code...
my time would be saved...

B/o b/d of 5..15......375 candles/obv I think

 

[vijkris]

B/o b/d of 5..15......375 candles/obv I think

Ya, u r correct.. but only 15,30,60 was somewhat discussed in this forum.

Anyway.. leave it.

Nowhere it was mentioned that so many periods of obv should be in confluence to take the trade..
We spent so much time backtesting with 15 period bo/bd only.

I am not spending further time in including all such things again.

 

[wisp]

Ya, u r correct.. but only 15,30,60 was somewhat discussed in this forum.

Anyway.. leave it.

Nowhere it was mentioned that so many periods of obv should be in confluence to take the trade..
We spent so much time backtesting with 15 period bo/bd only.

I am not spending further time in including all such things again.

all may not be needed for entry/exit, but I think gives a visual on whats happening in various timeframes. So may be you can decide whether to go with 1 lot vs 500 lots

 

[wisp]

Its probably good to have this in this thread also.....as a summary of the latest thoughts of Varun Ji on the system

All are posts by Varun ji

http://www.traderji.com/technical-analysis/technical-analysis/commodities/...ml#post1220326

To be frank with you i am only using naked price and OBV charts because as they say old habits die hard. To add value, you can mark 3 or 4 levels on the OBV charts corresponding to the opening (10:01 AM) 1:00PM ( i think Europe opens around this time) One at 5:00 PM and one say at 8:00 PM. Just these lines as reference lines and you should be good. I donot use any indicators. Just pure price and Volume (OBV). .

http://www.traderji.com/technical-analysis/technical-analysis/commodities/...ml#post1220313

Till we find strength in OBV (which i follow) alongwith price confirmation......

http://www.traderji.com/technical-analysis/technical-analysis/commodities/...ml#post1220405

wisp ji i had advocated the 200EMA and 36EMA method to people to get them started, but as discussed with Vijkris ji had shifted to the ribbon system as 200EMA used to give delayed signals. I have been using OBV charts nakedly it was just to give a reference point for others to initiate a trade i gave this method. Then to make it easier and for more early signals we graduated to PDC method. I use 36EMA to add and to trail my SL.

http://www.traderji.com/technical-analysis/technical-analysis/commodities/...ml#post1220421

i consider OBV as my primary source and price as my confirmation. So when OBV touches the 36EMA if i am long, then i keep a stop below the low pivot of price just before the touch and also add. So initially if i had bought say by the 200EMA method (which i don't use) then my SL was the low pivot of price below the 200EMA. Now that gets raised after it makes a touch at the 36EMA of OBV.

http://www.traderji.com/technical-analysis/technical-analysis/technical-an...ml#post1220546