Pivot Trading- a new way of Trading

[vivektrader]

How to differentiate between retracement and breakout failure?

 

[Krishan86]

Hello Seniors,
I am going through all the old threads in this forum (one of which is this thread). Most of the old threads does not have charts, either they have been deleted or not available for viewing (Example: http://www.traderji.com/day-trading/30182-how-trade-oscillator-22.html#post360014). Can someone pls suggest how can i see those charts.

Thanks !

 

[wisp]

Subhadip bro,

I think you have traded both Copper and Crude oil? Please share which of these is better for VP trading. Is there a good time to trade, is there some way to avoid trading in the evenings? Please share your thoughts on this.. thanks a lot. Bro, also please share normally how many points away is your initial SL if kept on pivothigh or low?

 

[anilnegi]

Subha Da/senior

I have initiated two trade today, but both failed to cash on, subha da any senior pls look into the chart and tell what is wrong

LIC-
Buy initiated around 476 sl 474 sl trigger

Yes bank
buy initiated around 472 sl 471 trigger

both sl trigger, howeover, i have seen that from both the sl price get more deteriorated so its a good exit but is the entry was right??

 

[Smart_trade]

Subha Da/senior

I have initiated two trade today, but both failed to cash on, subha da any senior pls look into the chart and tell what is wrong

LIC-
Buy initiated around 476 sl 474 sl trigger

Yes bank
buy initiated around 472 sl 471 trigger

both sl trigger, howeover, i have seen that from both the sl price get more deteriorated so its a good exit but is the entry was right??

You made a mistake of buying when the visual trend is down. In downtrend, market may take small corrective upmove and you tried to trade that. It is better to trade the main trend.Correct trade is look for an opportunity to go short. In this method we trade short term trends in direction of visual trends. So with visual trend being down, one should not even think of going long.

If you had shorted after every corrective upmove and pivot low crack, you would have made good money today.

Smart_trade

 

[wisp]

You made a mistake of buying when the visual trend is down. In downtrend, market may take small corrective upmove and you tried to trade that. It is better to trade the main trend.Correct trade is look for an opportunity to go short. In this method we trade short term trends in direction of visual trends. So with visual trend being down, one should not even think of going long.

If you had shorted after every corrective upmove and pivot low crack, you would have made good money today.

Smart_trade

ST Da/Subhadeep,

Please tell where the long entry is on this chart of Aug 25. By the time we got a pivot above ERL, price had already moved 100 points. Price moved another 100 points after that pivot above ERL. Should we take the long entry after 100 points had moved? or is the entry earlier than that? Please look at this chart..

 

[anilnegi]

You made a mistake of buying when the visual trend is down. In downtrend, market may take small corrective upmove and you tried to trade that. It is better to trade the main trend.Correct trade is look for an opportunity to go short. In this method we trade short term trends in direction of visual trends. So with visual trend being down, one should not even think of going long.

If you had shorted after every corrective upmove and pivot low crack, you would have made good money today.

Smart_trade

thanks ST Da for your quick response , to see visual trend up we have to first see chart in higher tf, but what tf is 15, 30, 60???

anil negi

 

[Smart_trade]

thanks ST Da for your quick response , to see visual trend up we have to first see chart in higher tf, but what tf is 15, 30, 60???

anil negi

See the visual trend on the same chart. 5 min or 3 min .Mark VPL/VPH and see the trend.

Smart_trade

 

[Smart_trade]

ST Da/Subhadeep,

Please tell where the long entry is on this chart of Aug 25. By the time we got a pivot above ERL, price had already moved 100 points. Price moved another 100 points after that pivot above ERL. Should we take the long entry after 100 points had moved? or is the entry earlier than that? Please look at this chart..

When one is trading the trend, one can never catch the bottom and tops...trends will give indication of change after 100 points move and then we have to look for buying opportunities. Tops and bottoms scalpers catch, trend traders dont.

One could have gone long small quantity when market went above minor ERL. or when the market took out a visual PH much below the line marked by you.

Smart_trade

 

[sangram1705]

When one is trading the trend, one can never catch the bottom and tops...trends will give indication of change after 100 points move and then we have to look for buying opportunities. Tops and bottoms scalpers catch, trend traders dont.

One could have gone long small quantity when market went above minor ERL. or when the market took out a visual PH much below the line marked by you.

Smart_trade

ST da,
Above this blue line??