Pivot Trading- a new way of Trading

[mrmsmarket]

hello everyone
Seems everyone busy. . I hope some master will help me .

 

[Hulu Girl]

Hello, what help you need. Ask the question, what you want to know?

 

[rjshem]

I m learning your basic pivot trading concepts and i m practicing it . pls help me with my charts & clear my doubts when you have time bro. View attachment 23718 View attachment 23719

I have marked HH,LH AKA MPH/MPL .
i have not entered any trade there because in 15mins trend is up. so i have just marked the HH and LH .

If open in yesterday's range:- in Direction of Flow 30 (u have mentioned 15mins for trend decide ,then whats this 30?) enter on break of Yesterday's pivot (yesterdays 5mins vp or 15mins vp ?). Against Direction of Flow 30 wait for a 5 min pivot above it or go long/ short above/ below the bar that gives a 15 min close above or below it . Above line is confusing bro.


Thank u for your support for trading world bro.

I m learning your basic pivot trading concepts and i m practicing it . pls help me with my charts & clear my doubts when you have time bro. View attachment 23718 View attachment 23719

I have marked HH,LH AKA MPH/MPL .
i have not entered any trade there because in 15mins trend is up. so i have just marked the HH and LH .

If open in yesterday's range:- in Direction of Flow 30 (u have mentioned 15mins for trend decide ,then whats this 30?) enter on break of Yesterday's pivot (yesterdays 5mins vp or 15mins vp ?). Against Direction of Flow 30 wait for a 5 min pivot above it or go long/ short above/ below the bar that gives a 15 min close above or below it . Above line is confusing bro.


Thank u for your support for trading world bro.

Ur markings r good .in direction of flow 30 is in reference to an old method 30 min flow(30 min chart) where u take long or short in ur trading time frame 5 or 15 mins based on trend in 30 mins ie if trend up in 30 u take long above last pivot high viceversa for short .if u want to take positon against the 30 min trend u have to wait for a pivot in ur trading tf 5 or 15 above or below trend defining pivot high/low in 30 mins .subhadip will help u better till then the above should do u good.

 

[mrmsmarket]

i m little clear now .
I have attached my trading chart here. pls tell me where i went wrong.



Thank u hulu girl & rjshem.

 

[mrmsmarket]

I have attached two more charts. pls tell me wether my markings are right and i m on the right path .

 

[mrmsmarket]

I have added two more charts with marking and the areas where i m confused. help me out friends. happy weekend.

 

[rjshem]

As per me all ur markings r correct .not everytime ull get profits so sometimes the setups dont work as u want this is where u need to keep calm and seethrough it and contiue the process thout stopping and doubting .when ur confused keep out just wait for a setup which is very clear it will definetly come if u wait patiently.watch 1000s of charts itll clear up a lot of things . also if possible start taking live trades with a small account nothing teaches u like it.last but not least ur risk reward is main holygrail not method so focus on how u can get more reward compared to ur risk .all the best.

 

[mrmsmarket]

Also in prev posts subhdip ji has given that. if market opens in yesterday range . what is that yesterda range. is it previous day high low or between vph & vpl ??.

Range = vph to vpl of prev day or prev day high to prev day low ???

Thanks a lot for your response rj

 

[mrmsmarket]

my first live trade today with pivot strategy . ended up in loss .but felt like i was on the right track. i hope so .

 

[Hulu Girl]

i m little clear now .
I have attached my trading chart here. pls tell me where i went wrong.
View attachment 23750 View attachment 23751 View attachment 23752 View attachment 23753


Thank u hulu girl & rjshem.

I have done nothing, your welcome. Next time, ask what you want to know, do not wait for someone.