My System - My trades.

Vipul_84

Well-Known Member
What are the black boxes in the chart sir? Its OBV range of the day?

QUOTE=varunkochhar;1228370]


Posting a chart of Nifty 1min. TF with OBV. We have had 3 BO from daily levels from 24th April (Marked by green vertical bars). Each BO has given about a 100 points. (The green horizontal bars in price pane are rough estimated values at BO. We are still in uptrend. It is not necessary to trade every day. By just trading 3 days in the past 1month, one could have made 600-700 points in Nifty.[/QUOTE]
 


These are compressed 1Tick charts. The red horizontal line in the OBV pane was the level to go short. The Green Horizontal line was the level to go long. With adds in both in between as per BD/BO. The blue horizontal line in OBV pane is the retrace levels from the fall. We have closed above it in both Price and OBV but there was a slight reduction in OBV levels from today's open. What to make of it. (Glass half empty or Half full)
 
I was just going thru a thread on MM. My 2 cents are that you cannot play around with the SL based on your budget. Meaning if the logical SL is say at Rs.100 you just cannot choose 104 as that is all you can afford to lose. A better idea is say if you get a buy signal at 105 and the logical SL is at 100 and you can only afford to lose Rs.100 on this trade (for whatever reasons) cutting down on your position size from say 100 to 20 is a better option than just gifting 100 rupees to the market by trading 100 shares and keeping the SL at 104. One can add in multiples of 20 whenever the trade goes in ones favour provided the logical SL is also moving up with these subsequent adds. This way you would start with a small position and buiid on it as it catches strength. This way you will atleast be assured of some profit or minimum loss even if the position goes against you after adding.
 

princy01

Well-Known Member
Princy ji i am not a very organised person. I started this thread just to share my random musings. I sincerely wish i could give you a straight answer.
once we find lowest volume 1 minute bar then what next sirji ?

what about later after finding lowest volume again after 1 hour we find even lower volume ??
 
Yes that is very true you use the least prevailing volume bar for your trade. At EOD use only the last LV bar of the day for plotting Supports and resistances for future references. This is just an edge not a complete system. (It just signifies the tussle between bulls and bears at these levels). You very often see a good trending BO/BD in both price and OBV from these levels. Trade it.
 

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