Pivot Trading- a new way of Trading

vivektrader

vivektrader

In persuit of financial independence.
#1,531
#1,531
mmohanar said:
Dear subhadip,

My failed trade in reliance yesterday.
Can you please address the problem in my trading.




Regards

Mmohanar
Click to expand...
Although answering out of turn, your short is inside the first bar, the initial decline is sort of correction after gap opening. Only direction of trade can be long.
 
abhisekpl

abhisekpl

New Member
#1,532
#1,532
Hi Subhadip,

Its difficult to gauge if the market starts moving in a range, please look at this chart. The second trade of the day was taken and markets started moving in a range and exited at cost. Did not get the confidence to take the next trades for the day.

 
Smart_trade

Smart_trade

Moderator
#1,534
#1,534
mmohanar said:
Dear subhadip,

This is my another failed trade in yesbank yesterday.

What is the mistake I did I don't know.

I need your correction.





Regards

Mmohanar
Click to expand...
Why are you taking short trades.? No short trade in the chart posted by you.You have still not learnt the basics of this method.

Smart_trade
.
 
Somatung

Somatung

Banned
#1,536
#1,536
@Mmohanar

Trading Price Action methods means not that you should forget to check the chart on the bigger time frames and being clear where the bigger support and resistance levels are.

Open the one year chart from Reliance, paint the support line from the low of 29 Sept 2015 up to low of 09 Dec 2015 up to the low of 21 Jan 2016. Around there this support works fine and Reli was in those support zone and after touched it went up.

So, compare the different time frames and start to be clear about such important levels beside Vpl and mph.

Hope it helps a bit and take care / Dan :)​
 
anilnegi

anilnegi

Well-Known Member
#1,537
#1,537
mmohanar said:
Sir

In the direction of Vph mpl broken so that I went short.am I wrong?

Regards

Mmohanar
Click to expand...
Dear MMohanar

as per strategy there is no short trade on friday, pls read the thread again before trading your hard earned money.

 
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