Pivot Trading- a new way of Trading

Subhadip Bro !!! Rightly said !!!

Guys please note down the flow

1. First set is to Identify Pivots and Trends

2. Then Draw ERLs and VRLs

3. Last Pivot Upgrades and Entries

Follow the steps and mark the entries..or else study from start whole thread..subhadip has expained it in the most simple way possible

Subhadip & ST,

Please can you explain what the RM should be followed while adding ADDS.

For an instance, If a trader enters with full quantity and exit full. Like below style.
Capital = 10 lakhs,
Risk per trade = 0.5 %,
NIFTYfut Quantity = 250 (when 20points SL).

If he is adopting to pyramiding (ie adding to the gaining position). what should be the quantity for 1st trade and ADDS, what should be the RM for the adds.

I THINK IN BOTH CASES , we need a series of higher VPH and VPL , 2 each plus price sustained above previous downtrend ERL of 3 minutes for 3 minutes trading time frame .

can we get confirmation earlier than this? please show on this chart

The first add I take when the market moves in my favour some visual distance so that even if I add 1:1 quantity now, the combined position is not giving me any risk at my trailed stoploss....if the add point is too close, I will not add full quantity, here I will add 50 %....next add again 50 %...then 25 %/25% max 4 adds. Most days market does not allow more than 1 or 2 adds...4 adds very rare.

In example given by you the base position is 250 then first add 250 if we have moved sufficiently or else 125. The next add 50 or 75 and so on...

Dont add too aggressively is slow grinding markets. Add aggressively in fast markets.

Smart_trade

ST bro

sorry for asking again but Subhadip bro is having different point of view(to another poster he didnt agree on green line break entry above ERL which is a pivot mph and even i think that we could buy above green line here .

you said go for collective evidences , so there is a pivot above ERL , but VPH break came later on red box (as 1st hint of trend change came after green line mph+1st VPH break )...........so is buying above green line(pivot above ERL ) will be considered an aggressive entry only ? and not 100% legit trend confirmed entry?

Subhadip bro

i think circled situation is closest to today in nifty as per my understanding , so a long on price above ERL + an MPH was good enough for today ?

Nifty trade subhadip already answered similar situation when gap up/down.

See the post no
http://www.traderji.com/derivatives/99863-pivot-trading-new-way-trading-45.html#post1106134

http://www.traderji.com/derivatives/99863-pivot-trading-new-way-trading-45.html#post1106136

I dont think he has a different view....he only said why long on 1st pivot high break.

11:00 PH is a VPH....11:12 PL is a VPL in 3 min TF....so when we form a VPH above ERL with higher VPL already in place that is the indication of trend change and we go long there above VPH.

Smart_trade

Sir ji

but 11.00 am VPH is made below 3 minute ERL as drawn by me , its only after the MPH made at 11.54 am which is above ERL and thats where long green line is drawn by me . you also confirmed that yesterday 2.56 pm candle ERL is to be used for this purpose , and i used that ERL only , and VPH of 11.00 am is below that

are you guys trading in this way ?.....................i think he said in non agreement way

Well the pivots are just touching ERL...but even if you dont consider pivots above ERL is there any disagreement on 11:00 H as VPH and 11:12 low as VPL ?? so we have VPH, higher VPL and we are breaking that VPH on the upside....

If not that PH then next PH above ERL.....so many indications of trend change. His remark is on some other post in which the poster has shown going long on first mph of the day...

Smart_trade