2 MA Method- easier part of "Pivot Method"

Discussion in 'Derivatives' started by Subhadip, Sep 24, 2016.

  1. Subhadip

    Subhadip Well-Known Member

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    This is Minor Pivot High.

    Now see example of Minor Pivot Low :

    [​IMG]
     
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  2. Subhadip

    Subhadip Well-Known Member

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    Example of Rally :

    [​IMG]
     
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  3. Subhadip

    Subhadip Well-Known Member

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    Now some questions:

    [​IMG]

    At bar 7 Decline started?

    At bar 8 Decline started?

    Is high of bar 6 Minor pivot high?



    Answer is already been discussed in that thread: so just answering to all:

    No, at bar 7- inside bar.

    NO ,after low of bar 8 broken we can say that decline started; not now.

    Yes, bar 6 high is minor pivot high (mPH)
     
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  4. Subhadip

    Subhadip Well-Known Member

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    It can go like this also:

    [​IMG]

    Yes it is Rally

    It is a decline without confirmation.

    In this case, I can say in this way - the rally was paused before continuing upward direction again.

    [​IMG]

    Now imagine this situation.

    Till Bar 6 - no problem- Rally continues.
    Bar 7- Inside Bar
    Bar 8- breaks the low of the low of bar 6- Decline started- but Decline not confirmed yet.

    Bar 9- breaks the low of Bar 8- Decline confirmed- and the high of Bar 6- becomes mPH.

    Hope it is clear now.

    [​IMG]
    [​IMG]
     
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  5. Subhadip

    Subhadip Well-Known Member

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    [​IMG]

    Answer- Decline not started yet- in refined language you can say that-End of the Rally is not confirmed.

    It is Outside bar

    [​IMG]

    Answer: Yes, Decline started and Bar 6 high is mPH.


    [​IMG]

    Bar 6 high- MPH
    bcoz low of 5 & 6 taken out
     
  6. Subhadip

    Subhadip Well-Known Member

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    Till now i have told what is Rally & Decline.

    This much along with some knowledge of Minor pivot is sufficient for earning in 2 Ma method.

    Posting some charts.

    all basics..
     
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  7. Subhadip

    Subhadip Well-Known Member

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    In this method & all my method ADD plays a major part..
     
  8. vsaran

    vsaran Active Member

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    Dear Subhadip,
    You have marked A in 60m tf on 26/11.But in 15m tf,you have marked entry point on 24/11.(refer post no.6)
     
  9. Subhadip

    Subhadip Well-Known Member

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    Entry over point A....which is on 26th
     
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  10. davincy

    davincy Member

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    Subha,

    Well done,you separated the 2ma method and pivot method this is correct decision.

    It will avoid confusions.

    Davincy
     
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