My System - My trades.

[varunkochhar]

SL of 20 pts sounds too low for BNF

The beauty of this method is that it gets you into trade quite early, leaving a SL of only about 20 points. Let me show by taking up a couple of days charts as examples.

 

[extremist]

Extremist ji can you post a screen shot of BN of 23rd using this AFL pls.

 

[extremist]

Please Don't mind the differences in Charts. Varun bhai uses Authentic Data and i use data from NEST

 

[varunkochhar]

If we can have a line in price charts (something like a supertrend line) but with the logic of say green when price is above 36EMA and LVbar then we can have a complete system.
We take trades only when both price and OBV are in sync combining these 2 (price and OBV) charts. i.e. Long when both are green and short when both are red. Just exploring the possibility for automating.

 

[varunkochhar]

Today is a trading holiday so just exploring my logic.

 

[varunkochhar]

Let me understand the colour coding for clarity. Red horizontal line is the PDC line. Black horizontal line is the LV bar line. Pinc line is the 11:00 AM, 1:00PM and 2:30PM line. The channel is clear. So is the dashed 36 EMA line. The Cyan line is the 200EMA line.

 

[varunkochhar]

If we can have a line in price charts (something like a supertrend line) but with the logic of say green when price is above 36EMA and LVbar then we can have a complete system.
We take trades only when both price and OBV are in sync combining these 2 (price and OBV) charts. i.e. Long when both are green and short when both are red. Just exploring the possibility for automating.

MB ji, Extremist ji, Happy ji please work on this. Looking at your expertise it should not be very dificult. Just want to back test this.

 

[extremist]

Let me understand the colour coding for clarity. Red horizontal line is the PDC line. Black horizontal line is the LV bar line. Pinc line is the 11:00 AM, 1:00PM and 2:30PM line. The channel is clear. So is the dashed 36 EMA line. The Cyan line is the 200EMA line.

yes sir....
wht is the use of tht 11 ,1 & 2:30 line?

 

[varunkochhar]

Kumudhan ji charts that you had asked for.

 

[varunkochhar]

yes sir....
wht is the use of tht 11 ,1 & 2:30 line?

These are just reference points as Institutional Activity / Europe's opening and the run to the closing starts at these times.They are good points for intraday reversal or continuation of trends.