My System - My trades.

[varunkochhar]

Though i did not trade crude, the short signal got triggered at 3579 with ISL at 3595+2= 3597.

 

[varunkochhar]

Though i did not trade crude, the short signal got triggered at 3579 with ISL at 3595+2= 3597. we made a low of 3564 since then.

 

[Happy_Singh]

According to me the shorts were triggered below 20898 at 11:47 when we took out the low of the red period lowest point of 11:15 to 11:25 period. The add came at 2:33/2:34 rightly pointed out by Happy ji. Before that we were getting higher lows in the red periods. So about 400-500 points in these 2 trades.

Hi

I did not consider if we are getting higher lows on OBV

on my chart 11:29 the ribbons turn and remain blue till 11:45
the low during this period was xx910 i.e. low on bar 11:29

Now need to go back to the drawing board and try to understand based on the above example shared by you.

Happy

 

[varunkochhar]

This is just to ascertain the change in trend.

 

[varunkochhar]

If one had followed this then one would not have met with any whips as one would have been long before this and short after this.

 

[Smart_trade]

According to me the shorts were triggered below 20898 at 11:47 when we took out the low of the red period lowest point of 11:15 to 11:25 period. The add came at 2:33/2:34 rightly pointed out by Happy ji. Before that we were getting higher lows in the red periods. So about 400-500 points in these 2 trades.

Varunji, the level you have mentioned is as per 1 min 15 period ribbon resistance/support . But as our direction decider is 5 min 15 period band,highest support level was 20852.4 which was cracked in 1 min bar at 12:32 and in 5 min bar at 12:35...so we get into short trade set up below 20852.4 after 12:35..am I missing something ?

Posting to clear my understanding.

Smart_trade

 

[varunkochhar]

Of course this method works best in any trending market. The DOW theory doubly makes sure that you stay with the trend and take the best trades. Now don't ask me for any rules. Just ignore my messages pertaining this if it is adding to your confusion. But this concept is very simple. Backtest it if you have to understand its power.

 

[Happy_Singh]

According to me the shorts were triggered below 20898 at 11:47

when we took out the low of the red period lowest point of 11:15 to 11:25 period.

Hi

Whats the significance of 11:15 to 11:25 AM

on my chart the ribbon was blue from 11:29 to 11:45 AM


Thanks

Happy

 

[oldtrader]

Dear Varunji,

First of all thanks a lot for the OBV system. It really is amazing to see the way Volume precedes Price. This has got tremendous profit making potential. I hope everybody utilizes this oppurtunity in a good way.

http://imgur.com/a/wfqHh

Sir , I was taking positional trades in Nifty Futures, based on 5 min TF. I have attached today's screenshot. Kindly let me know whether the SL for the short of 8978.95 is 8984.91 or 9017.8. Since 8984.91 is the high when the 60min bar was blue, and 9017.8 is the high when all the bars were blue.

Regards,
oldtrader

 

[varunkochhar]

ST ji you are right in your understanding. I was just playin the minor trend fatigue. Because the signals in 1min. are much faster. So instead of taking all red period signals(which one was not supposed to take as we were making higher lows in 5min. as pointed out by you). I only took the signal when the minor trend changed (when we put in a lower low in 1min.charts)