Learning Diary.....The Road Less Traveled!!

[Nutjob]

https://www.traderji.com/community/threads/pivot-trading-a-new-way-of-trading.99863/post-1103665

Picture of Rally and Decline:

Point one to Point two- Rally, Price moving higher- important is higher low. One more important point is see in Rally there is a Red Bar also- do not get confuse, in Rally, there can be Red bar, the colour is not important, the price movement important.


From Point four to Five- price moving down, so it is Decline. Here also note that one green bar is there - but it is 4 to 5 is Decline.

Nihil Ultra (Nothing Impossible). Stay focused. War is with Market,Ledger is the proof of that.Mirror knows the result.

 

[Nutjob]

I have noticed, Subhadip didn't write his name below the Posts like Vikas, so I will copy his tagline "Nihil Ultra (Nothing Impossible). Stay focused. War is with Market,Ledger is the proof of that.Mirror knows the result. ". This in addition to original post link should tell you these posts belong to Subhadip.

 

[Nutjob]

https://www.traderji.com/community/threads/pivot-trading-a-new-way-of-trading.99863/post-1103669

Example of Rally:

Example of Minor Pivot:

At point one it is Minor Pivot.- Meeting point of Rally & Decline.

Nihil Ultra (Nothing Impossible). Stay focused. War is with Market,Ledger is the proof of that.Mirror knows the result.

 

[Nutjob]

https://www.traderji.com/community/threads/pivot-trading-a-new-way-of-trading.99863/post-1103677



Subhadip said:
Example of Minor Pivot:

At point one it is Minor Pivot.- Meeting point of Rally & Decline.
This is Minor Pivot High.

Now see example of Minor Pivot Low :

Nihil Ultra (Nothing Impossible). Stay focused. War is with Market,Ledger is the proof of that.Mirror knows the result.

 

[Nutjob]

https://www.traderji.com/community/threads/pivot-trading-a-new-way-of-trading.99863/post-1103679

Till now these were easy. Is not it?

Now the tricky part?

a decline is on going, but a green bar formed, I am talking about the last green bar. Is the decline stopped?

Nihil Ultra (Nothing Impossible). Stay focused. War is with Market,Ledger is the proof of that.Mirror knows the result.

 

[Nutjob]

https://www.traderji.com/community/threads/pivot-trading-a-new-way-of-trading.99863/post-1103683


Subhadip said:
Till now these were easy. Is not it?

Now the tricky part?

a decline is on going, but a green bar formed, I am talking about the last green bar. Is the decline stopped?
No Decline has not been stopped. it is just an inside bar.

Nihil Ultra (Nothing Impossible). Stay focused. War is with Market,Ledger is the proof of that.Mirror knows the result.

 

[Nutjob]

https://www.traderji.com/community/threads/pivot-trading-a-new-way-of-trading.99863/post-1103694


Example of Rally :

Nihil Ultra (Nothing Impossible). Stay focused. War is with Market,Ledger is the proof of that.Mirror knows the result.

 

[Nutjob]

https://www.traderji.com/community/threads/pivot-trading-a-new-way-of-trading.99863/post-1103695


Now some questions:

At bar 7 Decline started?

At bar 8 Decline started?

Is high of bar 6 Minor pivot high?

Nihil Ultra (Nothing Impossible). Stay focused. War is with Market,Ledger is the proof of that.Mirror knows the result.

 

[Nutjob]

https://www.traderji.com/community/threads/pivot-trading-a-new-way-of-trading.99863/post-1103697


Subhadip said:
Now some questions:

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)

Nihil Ultra (Nothing Impossible). Stay focused. War is with Market,Ledger is the proof of that.Mirror knows the result.

 

[Nutjob]

https://www.traderji.com/community/threads/pivot-trading-a-new-way-of-trading.99863/post-1103698


It can go like this also:

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.

Nihil Ultra (Nothing Impossible). Stay focused. War is with Market,Ledger is the proof of that.Mirror knows the result.