My trades based on "new way of pivot trading" and vwap

Discussion in 'Trading Diary' started by vijkris, Jan 10, 2016.

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  1. vijkris

    vijkris Well-Known Member

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    Hi, this is my first thread and I hope I will open many more threads, as and when my experience and knowledge increases.
    Main purpose of this thread is to record my trades done using pivot and vwap concept.
    I would also post here my trading plan which will include my thoughts on psychology , money management and other topics which I feel is useful for trading.
    :)
     
  2. vijkris

    vijkris Well-Known Member

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    First of all, I would like to extend my sincere thanks to all those who have directly or indirectly helped me in trading.
    I sincerely thank-:thanx:
    1. Josh1 , TracerBullet, Snake.Head,joydeep and others who have developed rtd,excel files,backfill tools etc, (which is distributed freely), thus enabling me to use amibroker for technical analysis(TA) .

    2. Subhadip sir for the "new way of pivot trading", which truly is the foundation of TA.
    3. Pratap sir (and all others who posted in the thread)for the vwap and his detailed explanation of the concept.
    4. Smart_trade sir for 'how to trade failures and rejections", and many other countless posts and words of wisdom.
    5. Vivektrader for the beautiful summary of 2Ma system, and all others who have participated in the pivot thread.
    6. Amitrandive,XRAY27,wisp,howardroark,suri112000 and many others who have posted useful articles, which I recommend everyone to read.
    :thanx:
     
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  3. vijkris

    vijkris Well-Known Member

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    Before proceeding further I would like to include some useful posts
     
  4. vijkris

    vijkris Well-Known Member

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    Words of wisdom...:clapping:
     
  5. vijkris

    vijkris Well-Known Member

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    I m quite familiar with this ...:lol:
    [​IMG]
     
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  6. vijkris

    vijkris Well-Known Member

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    A real eye opener.....:thumb:
    I think I m close to step 21. "We feel we are very close to crossing that threshold of successful trading.":D
    Also step 22 requires to take responsibility for trades. So I hope a trading diary here serves the purpose.
     

  7. vijkris

    vijkris Well-Known Member

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    A bit of risk management…
     
  8. vijkris

    vijkris Well-Known Member

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    Rules of my trading strategy is as follows:
    Vwap strategy

    VAH - +1SD level at close yday Horz RED Dotted Line
    POC – VWAP level at close yday Horz Black Dotted line
    VAL - -1SD level at close yday Horz Green Dotted Line
    one Std Dev covers 68.2% of the trades around VWAP and two std dev covers 95.5%.

    so if mkt sustains above or below +1SD and -1SD it means then one side is stronger and is able to extend the range = trend,
    but around VWAP to +1SD to -1SD both buys and sellers will be fighting= sideways.

    +2SD and -2SD being close to 95% of range becomes overbought and oversold zones for some pullback buy unless +1SD / -1SD is violated one side is still strong.

    1. Price in range between VAL and VAH
    Neutral bias....buy VAL sell VAH.... or +1SD and -1SD of day until bias builds

    2. Above VAH
    +ve bias above -1SD day level.
    Buy pbs upto -1SD day levels and 3min/15min bands.
    BD of -1SD day could mean a pb to VAH and then depends what it does there.

    3. Below VAL
    -ve bias below +1SD day level.
    Sell pbs upto +1SD day levels and 3min/15min bands.
    BO of +1SD day could mean a pb to VAL and then depends what it does there.

    Note: Rules of the above strategy is quite exhaustive and I have included only few points. Will update my strategy as and when my experience increases.
     
  9. vijkris

    vijkris Well-Known Member

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    Timeframe : Strongly recommended tf by subhadip sir is 60min/15min
    I plan to use 15min/3min. (higher whipsaws)
     
  10. vivektrader

    vivektrader Well-Known Member

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    Why are you planning the contrary and in which scripts?
     
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