(MCX Comedy..Errr. Commodity) - How to Fake your Trade

[nurav]

OBV is decreasing continuously on higher TF, because of this i am refraining any long trade as of now. We are not sure yet that where it will head....

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OBV is best used in lowerTF. HTF gives wrong interpretation at times, because the closing of the price candle decides the direction of OBV.

 

[nurav]

http://prntscr.com/kiggon In this figure, though the 2nd candle is bullish as price was rejected at lower levels and came back up, OBV would be substracted from cumulative OBV.

 

[nurav]

OBV is a leading indicator. By using HTF you are diluting its efficacy. The lower the TF, the better are the chances to know, whether buying or selling is taking place.

 

[stock_mani]

OBV is best used in lowerTF. HTF gives wrong interpretation at times, because the closing of the price candle decides the direction of OBV.

Jaldi kisko hai.... araam se khane wali cheez hai yeh. Let it decide how strong is trend then we will see. It is used on lower TF also along with other analysis as well.

 

[nurav]

http://prntscr.com/kigpd5 Apache sir, this is the OBV chart of 2Tick TF (2 tick means 2 orders). The Orange and Blue lines i have not drawn, instead the buy signals are in green and sell in red. Clear uptrend. Good adds. No whipsaws.

 

[Apacheindian]

OBV is best used in lowerTF. HTF gives wrong interpretation at times, because the closing of the price candle decides the direction of OBV.

Jaldi kisko hai.... araam se khane wali cheez hai yeh. Let it decide how strong is trend then we will see. It is used on lower TF also along with other analysis as well.

Babu bhayya ne bola hain ke:

“Mere ko Uday aur Majnu se koi lena dena nahi hain.... Daily shaam ko mere table par Bevde ka bottle aur ek Tandoori chicken hona, Nahi to Room khali karna padega..!”




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[stock_mani]

Below are my few positions which are in Cash Market which are running because of only higher TF OBV & other indicators analysis. Yes, 2-3 are bad which i bought in hurry without seeing chart & are painful as well. But overall i am in very healthy position. In cash market there is lots of time to hold & it also have peace of mind. It is real fruitful for me.
These are only for trading purpose not for investment. My investment portfolio is totally different from these scrips:

 

[stock_mani]

Few other positions which made 2-3 months back & holding yet, 80% scrips are making all time high currently: It is real meat of markets.
It is a classic example of higher TF analysis & positional trading:

 

[nurav]

Exited at 25 points. Tally 80+

 

[nurav]

I have tried to harness 2 Tick charts to the best of my ability to reduce noise (Even in 2Tick Charts).
http://prntscr.com/kihklf Look at only the bold Pink and yellow lines and you would know the direction and when to take the trades.