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

[vijkris]

does it mean you avoid taking trades between first 30 mins of the opening session?

First 30 min, we don have vwap bands.. only vwap. And pdc, pdh/pdl as decision points.

I personally have not traded before 9:45. but my trading plan includes how to trade it.
1 min opening bar hi/lo can be used as OR.
If 3 tf means first bar hi/lo..
If bias is positive wait for upward bo. vice versa for short.
exit can be 2R or u can ride the trend... ISL is opposite side OR low/high.

 

[rjshem]

My trade in crude for today. Entry OR Low and exit @ 3273

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Nice dr sir keep going.:thumb:

 

[Aman1]

I use 1pm OR for UK and 7pm for US on 15 min chart. I have almost given up on lower TF charts and use 15min to avoid over trading.

 

[ankur07090]

My trade in crude for today. Entry OR Low and exit @ 3273

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What is this OR uk/us ...can u plz explain

 

[Aman1]

OR Opening range(UK) when UK open for trading
OR Opening range(US) when USA open for trading

 

[vijkris]

What is this OR uk/us ...can u plz explain

OR = Opening range. usually 1st 30 min or 1hr hi/lo is taken as Opening range.
So according to UK time, Uk opens at 1 pm. so 1 to 1.30 pm's hi/lo can be taken as OR. and then bo/bd of that range determines the direction of entry.

Am I correct Aman ji ?

 

[ankur07090]

OR Opening range(UK) when UK open for trading
OR Opening range(US) when USA open for trading

And how OR gets calculated...any afl code for that...?

 

[ankur07090]

OR = Opening range. usually 1st 30 min or 1hr hi/lo is taken as Opening range.
So according to UK time, Uk opens at 1 pm. so 1 to 1.30 pm's hi/lo can be taken as OR. and then bo/bd of that range determines the direction of entry.

Am I correct Aman ji ?

Ohh thanks :thumb:

 

[Aman1]

There are many threads in this forum. Just search. OR is just the beginning You have to devise strategies aroung this range .

 

[vijkris]

Xray Bhai,the purpose of OBV PDC is just to found the the bias of the market.
I am reading-testing VWAP and found out that VWAP is more reliable as compared to OBV PDC.

1. How many charts did u see.. ?

2. What criteria u found which says vwap is more reliable.?
Long back amandeep86 told that vah/val of vwap does not work properly.. I doubted him, so did my own tests and found out that he z telling true only.
Thats y removed VAH/VAL from my charts..

pdc/pdh/pdl/ORhi/lo these are more than enough decision points..

3. How are you fixing obv bias?