My System - My trades.

[varunkochhar]

How to take partial profits in crude and to salvage trades. Well when you buy a lot of mega crude, you can sell crude micro at a rise of say every 3/5 points so when your SL in mega hits, you will atleast be able to catch some chai paani money in your crude micro shorts. You can also let the crude micro shorts run as now you would be short as per the signal. So you make profits in both longs and shorts. I don't know about the charges. so pls check whether it is worth your while to sell mini at 3 or 5 rupees increase.

 

[varunkochhar]

Like today when one bought mega crude at 3532 could have sold (upto 10 lots) of crude mini at 3535/38/41/44/47/50 So you would definitely end with some profits even if your SL of 3526 hits as you would have sold 60% (6lots of mini) of your crude. To make it more interesting, you could have bought back the crude mini lots at 5 points say 3545/3540/3535.. thus not only locking but cementing the profits as well.

 

[varunkochhar]

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

Excellent Happy Ji.

 

[oldtrader]

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

Dear Happyji,

I wanted to draw vertical lines when all the 3 ribbons become of the same color. So I modified the code something like this.

B15ALL = B15 AND B30 AND B60;S15ALL = S15 AND S30 AND S60;

B15ALL = ExRem(B15ALL,S15ALL);S15ALL = ExRem (S15ALL,B15ALL);B15 = Flip(UP15,DN15);S15 = Flip(DN15,UP15);

Plot(IIf(B15ALL,1,0),"",colorBlue,styleOwnScale|styleNoLabel|styleHistogram|styleDashed,0,1);
//Plot(IIf(S15,1,0),"",colorRed, styleOwnScale|styleNoLabel|styleHistogram|styleDashed,0,1);

But it is not working. Please have a look.

Regards

 

[Apacheindian]

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.

Please ignore bottom ribbon in price pan..!

 

[Vipul_84]

Happy, is it possible to draw lines on price when all ribbon colours (price + OBV) are in sync?
Better would be if we can mark price area Blue when all are green,
mark red when all are red and mark yellow when they are not in sync with each other. I mean any colour combo will do....

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

 

[manojborle]

Please ignore bottom ribbon in price pan..!

Hi Apacheindian
As far as I see the one which you marked as Higher low is not higher low and the one which is marked as lower high is also not lower high.

Reason:
Higher low which you have marked did not break previous high
Lower high which you marked also did not break previous low.

I would rather say the move which started at 2000 was able to break previous high and that pivot low can be termed as Higher low.

Please ignore if you don't find my logic as per your understanding.

 

[Apacheindian]

Hi Apacheindian
As far as I see the one which you marked as Higher low is not higher low and the one which is marked as lower high is also not lower high.

Reason:
Higher low which you have marked did not break previous high
Lower high which you marked also did not break previous low.

I would rather say the move which started at 2000 was able to break previous high and that pivot low can be termed as Higher low.

Please ignore if you don't find my logic as per your understanding.

Sir my understanding is that, the Lows and Highs marked in attachment qualifies as a pivots, around these points Price candles have changed its trend temporarily (Minor trend) that's why I marked these points as lows and high with respect to previous high-low pivots.
Please elaborate..!

 

[manojborle]

Sir my understanding is that, the Lows and Highs marked in attachment qualifies as a pivots, around these points Price candles have changed its trend temporarily (Minor trend) that's why I marked these points as lows and high with respect to previous high-low pivots.
Please elaborate..!

I really dont go into minor, major kinda stuff, its not required really.
What I see from the chart, is pivots marked are within previous swing which was up.
As far as I know lower high is confirmed only when previous swing low is broken and Higher low is confirmed when previous swing high is broken.

 

[Apacheindian]

I really dont go into minor, major kinda stuff, its not required really.

What I see from the chart, is pivots marked are within previous swing which was up.

As far as I know lower high is confirmed only when previous swing low is broken and Higher low is confirmed when previous swing high is broken.

Point taken..!
Sir, please confirm the long entry levels for this trade.