2 MA Method- easier part of "Pivot Method"

[Subhadip]

Both are EMA 9 and 21.

No SMA.

 

[Subhadip]

I will answer in evening. Now a slightly busy.

I will answer all.

 

[LOVEENAJYOTHI]

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

Whats ADD ? ------> ADvance Decline ?

 

[Subhadip]

Subha,

Still I have doubt in 2ma method.where to enter in uptrend.kindly clear it.or tell me my marked entry is correct or not.

Price closed above 15mins chart

Price closed above 5mins chart already.but I marked near mph.that cannot use for entry because price already passed.

So next opportunity is another mph I marked for entry. If i take long trade on that mph in 5min chart it is too late.what to do?

Exit at where decline confirm

In 15mins chart price closed at 793.10.but mph formed in 5min chart at 796.95.so very late entry.how you trade this chart.I have doubt about entry in this situation.

Above my entry and exit correct? As per 2ma method.
Pls clear it.

Davincy

First I want to know if u r using both EMA or not? 9 & 21 EMAs.

Go to five min chart after price close above or below of both EMA, not before.

Now when price gone above both EMA in 15 min chart, in 5 min, price already above & visually moved much...do not fear that...take trade.

Now where to take trade?
Better to take trade above mPH(minor pivot high), also can be ataken above aggressive pivot high. (will discuss later).

In your case above mPH. where u have marked in third picture.

SL at mPL.

Now u can add above aggressive pivot high or minor pivot high.

Now question where will u go out or exit?

at 802 above I will take add, Sl will be moved to at 796.95.

then when decline confirmed get out...

at 802 get out...

will discuss exit rule some more..

In this trade u will be in good profit...

 

[Subhadip]

Hi SubhaDa,

Please take a look at the chart below:

Here I am taking 15 min as the higher TF.
Candle A closes below the 2 MA and then there is a rally.
Candle B again closes below 2 MA
Which candle should we consider as signal here - Candle A or Candle B?

Here are the corresponding trade entries on the 5 min TF:

Where do we enter?

Thank you so much for giving us a chance to learn.

15 min chart, at point A also price goes below 2 MA. but also at point B.

We will take the recent one.

so at Point B, 15 min chart, price close below 2MA.
go to 5 min chart...

our entry will be at Point B in 5 min chart....

add will be at around point A.

then around 3023 there is second add. SL at 3073, big bar high...or for safe trader u can keep 50 % of the big bar..

then add as much u r R:R permits, SL move two bar back method...

keep doing it..
exit at EOD or 2983, if decline confirmed there...

Good trade that will be..

 

[Subhadip]

Subha Da,

Using the same chart, was there a long signal on 15 min here (since candle L closed above the 2 MA)

The high of L is is broken after 6 candles on the 5 min TF:

Of course this trade does not give profit, but would it be a valid trade as per the system?

Thank you.

Definitely trade was there , a good long trade in 5 min chart, but should hit SL.

Good trade, but loss of 1 R.

 

[Subhadip]

PreSap sir , I would like to comment on your second question on long , Subhadip sir mentioned I his earlier post if the crossover happens yesterday's afternoon range then do not take a trade by the same logic the bullish crossover happens in the range of bear leg(decline)
Mukesh




Sent from my iPhone using Tapatalk

It was not in afternoon range, it was evening time, would have taken tyrade and SL would have hit..

 

[Subhadip]

Dear Subhadip,

Posting last week's BNF trades per my understanding of 9EMA/21SMA method.

15 minute chart

5 minute chart

Green solid = Long Greed dotted = Add
Red solid = Short Red dotted = Add
Black solid = Exit Black dotted = SL/TSL
Filter 5 points
1 add

19/09
Long 20020
Exit 19985
Result -35

20/09
Short 19897
Exit 19920
Result -23

21/09
Long 19975
Exit 19962
Result -13

Short 19925
Add 19908
Exit 19872
Result +89

22/09
Long 20125
Add 20145
Exit 20162
Result +54

23/09
Short 20050
Exit 20074
Result -24

Short 20076
Exit 20079
Result -3

Short 20037
Exit 19960
Result +77

Net weekly result +122 points in 8 trades less costs.

It looks good. Will backtest some more. Thanks.

Please use 9 & 21 EMA in all charts, then please post again..

Want to discuss more in those charts..

 

[davincy]

First I want to know if u r using both EMA or not? 9 & 21 EMAs.

Go to five min chart after price close above or below of both EMA, not before.

Now when price gone above both EMA in 15 min chart, in 5 min, price already above & visually moved much...do not fear that...take trade.

Now where to take trade?
Better to take trade above mPH(minor pivot high), also can be ataken above aggressive pivot high. (will discuss later).

In your case above mPH. where u have marked in third picture.

SL at mPL.

Now u can add above aggressive pivot high or minor pivot high.

Now question where will u go out or exit?

at 802 above I will take add, Sl will be moved to at 796.95.

then when decline confirmed get out...

at 802 get out...

will discuss exit rule some more..

In this trade u will be in good profit...

Subha,

No I used 21 sma and 9ema in that chart.

should i use both are 9ema and 21ema?

Davincy

 

[Subhadip]

Whats ADD ? ------> ADvance Decline ?

Add is addition over and above our initial position.

If we took short of 8 lots,
then 1st Add: 4 lots,
2nd Add: 2 lots
3rd Add: 2 lots.



If we took long of 8 lots,
then 1st Add: 4 lots,
2nd Add: 2 lots
No third add


That is all.