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

[vijkris]

one basic question, can there be a rally in INSIDE bar.?

thanks

 

[vivektrader]

one basic question, can there be a rally in INSIDE bar.?

thanks

Yes, any temporary upward movement in a downtrend is a rally, it consists of trapped bulls and the bears who covered their short position to book profit. All rallies in a downtrend are chance to short.
Thanks

 

[vivektrader]

an example of adds causing disadvantage. this eg. is valid only if my entry criteria is correct.

I can't make out from your chart whether you added at break of each mpl (you are in a downtrend)

 

[vijkris]

my trade in relcap.

exit

 

[vijkris]

Yes, any temporary upward movement in a downtrend is a rally, it consists of trapped bulls and the bears who covered their short position to book profit. All rallies in a downtrend are chance to short.
Thanks

if shorted that, it would have been a loss. so loss must be accepted in this case?
thanks

 

[vivektrader]

if shorted that, it would have been a loss. so loss must be accepted in this case?
thanks

I don't think you would have lost, you have to keep placing SL-L orders 2ticks below each successive rally candle until it gets executed.
Thanks

 

[vivektrader]

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

Rally in a decline(arrow)

 

[vijkris]

I can't make out from your chart whether you added at break of each mpl (you are in a downtrend)

I entered late @12.25, due to relcap trade.
I did try to enter @ break of mpl 12.50 bar in downtrend. 12.50 bar made a new low.
BD failed without a spike
after that nice reversal
thanks

 

[rjshem]

about rally inside bar pls reread subhadip explanation of rally decline. ts trade entry should have been earlier mpl add also couple of bars earlier.nice trade in rcap

 

[vijkris]

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

Rally in a decline(arrow)

the eg u showed is similar to ROSS HOOk re-entry technique, it was my first price action book I read, 4 yrs ago!!!! . Tried to make afl for hook techniques, but my afl skills were pathetic at that time:lol:
He said look for reentry within 3 bars.
thanks