Learn How To Fish

[VJAY]

Hi Vijay /Vivek
Points 1 to 7 mention about gap. Why cant i see any gap here? Sorry Could you explain elaborate here please.

Gap means previous days close and todays open!!!!!!!!!what you think of gap is only @ point 2 ....its important where today open ......

 

[VJAY]

yES IT IS TODAY .
View attachment 27346

 

[VJAY]

Post by xray bro about sideway days....

Any trading whether its intra/positional will have the bad phase,lose little in grinding market is only sentence we should remember ..and system should be build in such way to keep us alive even in grinding phase of market !!!

 

[MSN1979]

How we start the day?......................................

Vis UT yesterday afternoon then

1.Gap into range but above ERL
2.Gap above VPH
3.gap in to range and comes above yday high
4.gap beyond VPL
5.gap into range below ERL
6.gap beyond VPL and back into def area(ERL area)
7.gap beyond VPL and goes stright back to above VPH

Just some changes for if DT yesterday afternoon...

1.If gap below VPL then short 1st bar if its bearish or wait for minor pivot for short
2.gap into def area(erl area) ----Visual PH required for long or it has to come
back below VPL and trade back into def area then that pvt in def area can used

ALSO IF GAP INTO RANGE THEN WE NEVER GO LONG/SHORT DIRECTLY @ VP'S

Vivek/Vijay I have a few questions here

1. In yesterday after noon action the purple/pink line drawn on VPH is that Line ERL ( I am assuming by defenation since it closed far above VPH)
2. When price falls from VPH and breaks the pivot low What trend are we in? ( I am assuming UT in Question?)
3. Why did we draw a line at VPL?

 

[VJAY]

Vivek/Vijay I have a few questions here

1. In yesterday after noon action the purple/pink line drawn on VPH is that Line ERL ( I am assuming by defenation since it closed far above VPH)
2. When price falls from VPH and breaks the pivot low What trend are we in? ( I am assuming UT in Question?)
3. Why did we draw a line at VPL?

We use it at only when gap down blw vpl as it mostly failure vpl bd

 

[MSN1979]

We use it at only when gap down blw vpl as it mostly failure vpl bd

Not able to understand. I am asking very basic question. I am unsure if that line is a ERL on VPH and VPL

 

[MSN1979]

ERL active...

Hi Vijay here we draw ERL, do we take short below ERL?

I saw your next trade was long but what I dont understand is this line was early trend reversal? So we should take short below this line?

 

[MSN1979]

Early Reversal Line -ERL
Whats this?
This is a line we draw at body high/low (VPH/VPL)when price go abv any VP and close some distance from that VP .(note there must be a trend before)...This line will help us to early reversal area when trend is not ready to go.....:confuse:

Sir I understand this line, but do we take Long above this erl?

 

[VJAY]

Sir I understand this line, but do we take Long above this erl?

Yes ..only if UT and gap down below vpl then again if it reverse abv that line get mph ...go long....remember UT gapdiwn blw vpl

 

[VJAY]

Hi Vijay here we draw ERL, do we take short below ERL?

I saw your next trade was long but what I dont understand is this line was early trend reversal? So we should take short below this line?

Yes