Trading with OBV - for Beginners only !!

Vijkris/deepsat
According to my observation simultaneous change of both ribbons in price pane as well as the15m obv ribbon, in OBV pane has a higher probability of it being a success trade.
Can sound alert be done for this.

Thanks.

well, i understood the concept !!! can we validate each point to trading ??? answer is mixed and i just picked up what suits the market

just remember price attracts volume and volume propels the price !!!

always remember picked setups should be back tested !!! then make a MM rule, basing on that ..only topic which is not covered extensively is back testing and how to amalgamate trading system to get the best possible synergy !!! ...until this part is known TR bhai words will repeat !!! :lol:

:thumb: I second with Xray bro

Absolutely XRAY27. Until we define a set of rules (encompassing an idea. idea could be anything) and backtest its viability in few market cycles, it is very difficult to muster the confidence to pull the trigger in live market.

There should be no ambiguity in the rules and entry/exit trigger. Take whatever you want, say 20/30/40 points of Nifty will not work. It will look wonderful in hindsight but when we are in real market, we cannot use our mind to figure out the exit. TSL based on previous pivot is OK but we cannot come out of the market at our will. Random exit points will not work in long run. As we all know, exit is more important(much more actually) than entry and if we have discretion there, it will take a heavy toll on our trading psychology.

PNB (spot) : Has open=high. The price had a 36/200 bearish crossover, but not yet on OBV.

1) Is a short possible here ?
2) When ?
3) How much quantity ?
4) Single trade or staggered short ?

----------------------------------------------------
1. tp sirji maine kia tha short .. 0.70 point mila zyada nai ..

2. union bank maine kia tha short 2:00 ,,, 1 point mila.... aapka system kya kehtha hai TP sir ?
3.vijkris ji .. was this a valid short with your advanced method on pnb and union??

PNB : I shorted at average 148.07 and covered at average 147.83

Shorted from 147.8 to 148.25, covered between 148 to 147.6
Should've held longer because it went down to 147.15 later, but also spurted to 151. Wasn't really a day for shorting but that open=high attracted me.

When you say O=H are you looking at 5 min bar?

i SHORTED ..BECAUSE LOW WAS MADE BELOW 200 EMA IN MORNING ITSELF..
I THOUGHT IT WONT GO MUCH HIGHER .. BUT IT DIDNT GO MUCH LOWER TOO
------------XX-----------------XX------------------XX
WAITING FOR VIJKRIS' COMMENTS

No, it was O=H=149 for more than 30 min. My first trade was at 9:29