Experiments with OBV

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XRAY27

Well-Known Member
#21
Ok. Was there any adds in the first trade.?
No adds ... more or less it is not practicable in that 3 mins time scale , without a out look on HTF !!!
 

XRAY27

Well-Known Member
#22
Xray excellent especially the way u are using pdh pdl pdc this Is one of best ways of remaining profitable in intraday trading .ofcourse itll depend a lot on traders executional skill as well .all the best
rjshem !!! i'm just using this as important levels only reason is price levels always attracts volume,but not following YTC as it is ,i'm going with entry on basis of pivot and 2 bar

Even if you see the best and most promising price action signal, you can still greatly increase your odds by only taking trades at important and meaningful price levels.
 
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XRAY27

Well-Known Member
#23
Bact test !!!

1.Always backtest a given logic with keen interest and accuracy,backtesting cannot be done with just at a glance or roughly

2.Test at least 90 trades

3.Write draw down and arrange your capital according to that

4 Accuracy should be at least 50 % if not it will cause mental pressure to trade
 
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vijkris

Learner and Follower
#24
RULES :

1.Check the bias with PDC line in OBV.., if OBV is above it is bullish and if below bearish

2.Follow the price chart basing on the bias of OBV

3.React to price on important supports like PDC,PDH,PDL,2PDH,2PDL irrespective of price hi lo color

4.check play area before trading
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hi,
So in this scenario, obv pdc bias is bearish . but price above 240ema and pdc.
1st white arrow is short entry if price and ema/pdc relation is ignored.
2nd white arrow is the entry when price ema is also in sync, according to 1st method.. but price is above pdc and pdh.

What to do ? its a gap up situation.. :D



Sometimes I feel obv is not an allrounder. but its a good batsman.. :thumb:

Just see the vwap chart. even though vah bias was positive, price below -1sd bands indicated downtrend...


kab batsman ko use karna hai, kab nahi karna hai...?

The above post was not meant to offend anyone, nor I am saying anything against OBV, so please don't misunderstand.. thanks
 

XRAY27

Well-Known Member
#25
hi,
So in this scenario, obv pdc bias is bearish . but price above 240ema and pdc.
1st white arrow is short entry if price and ema/pdc relation is ignored.
2nd white arrow is the entry when price ema is also in sync, according to 1st method.. but price is above pdc and pdh.

What to do ? its a gap up situation.. :D



Sometimes I feel obv is not an allrounder. but its a good batsman.. :thumb:

Just see the vwap chart. even though vah bias was positive, price below -1sd bands indicated downtrend...


kab batsman ko use karna hai, kab nahi karna hai...?

The above post was not meant to offend anyone, nor I am saying anything against OBV, so please don't misunderstand.. thanks
Just below confirmation line perfect !!! there after you will not get any trade trade !!! only one trade



Regarding vwap with sd bands just check 90 trades atleast and come up with report not for me for your self..so that you will know whether the method is batsmen , bowler or twelfth man :D

OBV is a all rounder some times clicks with bowling and some times with bat :D
 

vsaran

Well-Known Member
#26
Just below confirmation line perfect !!! there after you will not get any trade trade !!! only one trade

Regarding vwap with sd bands just check 90 trades atleast and come up with report not for me for your self..so that you will know whether the method is batsmen , bowler or twelfth man :D

OBV is a all rounder some times clicks with bowling and some times with bat :D
Sir,
Price is above 240 ema.How can you go short as you mentioned? And what is the importance of 240ema?
 

XRAY27

Well-Known Member
#27
Sir,
Price is above 240 ema.How can you go short as you mentioned? And what is the importance of 240ema?
vsaran sir,

20 ema has been named as confirmation line for long or short on basis of OBV-PDC...240 will be for add on if there are no dynamic supports there !!!
 

marimuthu13

Well-Known Member
#28
JRegarding vwap with sd bands just check 90 trades atleast and come up with report not for me for your self..so that you will know whether the method is batsmen , bowler or twelfth man :D

OBV is a all rounder some times clicks with bowling and some times with bat :D
if people could do this step alone, (back testing for 90 trades before going for real trades), lot of money could have been saved ...
 

vijkris

Learner and Follower
#29
if people could do this step alone, (back testing for 90 trades before going for real trades), lot of money could have been saved ...
90 trades or 90 trading days ?
 

XRAY27

Well-Known Member
#30
90 trades or 90 trading days ?
atleast 90 trades !!! so you can go with any number of days ,it helps you to fix the capital for the method !!!! prevents us from dancing with real money, it is not so easy to get a strike rate of at least 50 and capitalizing the trend ..it takes time ,energy, fix a system which suits your mind and also to market ..

 
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