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

[TraderRavi]

Just casual approach from my side in last week of feb series in the culprit
.writing notes on this to attach to my trading system ,so that i could be ready for new series from monday

lots of mistakes by me specially in booking profits,
taking notes to rectify errors in next series
and change in profit booking tactics in tuk tuk days

 

[Happy_Singh]

To do list for this weekend:

1. Incorporate 5 min , 60 period obv as the 4th ribbon.

2. Put Sound/text alert for 1st method, 200 ema crossover.

3. Put sound/text alert when 3 ribbons show the same color.

4. Create scanner suggested by niftytaurus and another member. I forgot the conditions now.

5. Cepetrader's scalping strategy to be coded and tested.

Edit:

6. Try to create horizontal Sup/Res lines for naked obv trading.


This is what i remember. If I missed anything, kindly point it out.

Thanks.

5th and 6th are the toughest ones.

Sound alerts on ab are not very reliable . . . .

For visual charts . . . we can have all those ribbons (10s of them)

but human mind is not capable to process loads of information at one time . . .

so if we limit to say, 6 ribbons 3 each on price/OBV chart . . .

then what could be the ideal setup . . .




another distinction is that the breakout/down deals in number of bars/candles i.e Period
where as with the above/below 200 EMA method we are considering the time frame . . .
with AB all the higher TFs can be expanded to lower TF, but not vice versa . . .

not many using these ribbons will understand the above distinction and its limitation
but those who are wring code for it should take it into account . . . .




Thanks

Happy

 

[msa5678]

Happy ji,

Pls give 2 lines for the below mentioned criteria. I will incorporate in the main AFL.

"""""
Put sound/text alert when 3 ribbons show the same color.

""""""

Regards

Sent from my SM-G610F using Tapatalk

 

[vijkris]

Happy ji,

Pls give 2 lines for the below mentioned criteria. I will incorporate in the main AFL.

"""""
Put sound/text alert when 3 ribbons show the same color.

""""""

Regards

Sent from my SM-G610F using Tapatalk

Will this line work?

if(SelectedValue(ur condition)==1)Say("buy");

For me it works but the stupid fellow will continuously say buy buy buy die die die... until the candle closes. :annoyed:

 

[vivektrader]

:rofl::rofl::rofl:

Will this line work?

if(SelectedValue(ur condition)==1)Say("buy");

For me it works but the stupid fellow will continuously say buy buy buy die die die... until the candle closes. :annoyed:

 

[msa5678]

Will this line work?

if(SelectedValue(ur condition)==1)Say("buy");

For me it works but the stupid fellow will continuously say buy buy buy die die die... until the candle closes. :annoyed:

that is where i am failing. don't know how to code the condition saying 3 ribbons "red" or 3 ribbons "blue"

Sent from my SM-G610F using Tapatalk

 

[aja]

lots of mistakes by me specially in booking profits,
taking notes to rectify errors in next series
and change in profit booking tactics in tuk tuk days

I feel like

 

[rjshem]

lots of mistakes by me specially in booking profits,
taking notes to rectify errors in next series
and change in profit booking tactics in tuk tuk days

U can book at 2x or 3x then move sl to breakeven or move sl to breakeven once 2x then trail or book half at high volume big bars and trail remaining can use more such combos see what suits u .

 

[aja]

Frankly speaking i couldn understand anything of MP or DeMark

I also fount it very tough to understand MP,DeMark and even VWAP system.:annoyed: It has too many arguments.

Many admiring OBV system by Varun Bhai,but I find it very difficult to apply as my temperament didnt allow it.

 

[vijkris]

I also fount it very tough to understand MP,DeMark and even VWAP system.:annoyed: It has too many arguments.

Many admiring OBV system by Varun Bhai,but I find it very difficult to apply as my temperament didnt allow it.

I suppose it suits your temperament :

U r a scalper. u want instant results.

1 min is fast.. good for ur type of mind.(mine also.)

If u made a mistake by not following simple rule, instant sl hit. thats good. less frustration. Imagine holding a trade for 4 hrs (higher tf) and then booking same amount of loss.

Small sl.. Less capital fellows can also trade with higher quantities and risk the same 1%.
for silver Z charges brokerage of 20 pts. my sl is now avg 40, so total sl = 60 pts. Thats very less sl including brokerage. :thumb:
Crude 2 pt brokerage, sl = 4. total = 6 pts. :thumb:

You can do similar mathematics for options.