My trades based on "new way of pivot trading" and vwap

[monkeybusiness]

Divergence in TS.. What to do MB bhai..? long or short..obv broke prev high but price didn break prev high..

Vijaybhai,

just saw your post, still in yesterday's range, should avoid.

 

[vijkris]

ok.. M B bhai.. just learning.. anyway this scenario was there in backtests as well.. Classic example of band to band trading.. obv above pdc, but price came down, giving two way trades..

Now again divergence .. price hit lower low compared to obv which is still higher.. indicating ppl are still buying more instead of selling..

 

[monkeybusiness]

See divergence in RIL

 

[rjshem]

ok.. M B bhai.. just learning.. anyway this scenario was there in backtests as well.. Classic example of band to band trading.. obv above pdc, but price came down, giving two way trades..

Now again divergence .. price hit lower low compared to obv which is still higher.. indicating ppl are still buying more instead of selling..

tm given better setup today than ts hope u caught something in it.hope ur charts with obv and others afls gave u a clear picture.
will post some charts later with good setups of today for learning for all including me .

 

[XRAY27]

ok.. M B bhai.. just learning.. anyway this scenario was there in backtests as well.. Classic example of band to band trading.. obv above pdc, but price came down, giving two way trades..

Now again divergence .. price hit lower low compared to obv which is still higher.. indicating ppl are still buying more instead of selling..

Bhai !!! One of most complex trading setup you trade

Nothing is there as per my setup in bnf ,today is obv day no help from MP ..and nf just given baba ji ka tullu :annoyed:

 

[monkeybusiness]

Personally I don't prefer taking trade in yesterday's range and also when pivots are forming inside the range of previous pivots

 

[rjshem]

Personally I don't prefer taking trade in yesterday's range and also when pivots are forming inside the range of previous pivots

very good point monkey business .a very important and valid point this comes from experience :thumb:.

 

[vijkris]

TM charts.. Price was in sideways, but obv gave bullish bias.. so pdc in price failure gave 1st long.. also note failed vwap arrows which indicated that long was the direction..

 

[vijkris]

ok.. M B bhai.. just learning.. anyway this scenario was there in backtests as well.. Classic example of band to band trading.. obv above pdc, but price came down, giving two way trades..

Now again divergence .. price hit lower low compared to obv which is still higher.. indicating ppl are still buying more instead of selling..

Nailed it.. yess... advantage of 300 charts bar replay... Now price also made new high, obv also made a new high..

Bhai !!! One of most complex trading setup you tradeeek:

Nothing is there as per my setup in bnf ,today is obv day no help from MP ..and nf just given baba ji ka tullu :annoyed:

Today due to bad health issue i am in role of "seniior analyst"...

 

[monkeybusiness]

Just cancelled orders for me, learning when not to trade.