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

dear, u r intelligent, so pls don doubt ur capabilities. I m quite good in English, but I have to improve a lot in the basics. i read it 5 times then I almost understood everything. :rofl:
I will bother u some other time, as i have to re read ERL and VPL,VPH.
my afl has vpl vph and erl, i think. but unable to interpret it.
thanks.

Small correction short should be below today 6th bar low breakout failure bar below erl.erl draw from 2nd bar.

I don't think you are interpreting anything wrong, but I think the original language of IDF rules is difficult and confusing ( this is my understanding only)

Small correction short should be below today 6th bar low breakout failure bar below erl.erl draw from 2nd bar.

ya, i also felt the same. each line of idf with chart eg, will make everything clear. I ll try to do it, after i understand it properly

pls comment on the chart. i think erls are wrong..

thanks

Sir when we draw ERL from open of 2nd bar (bear bar) of the day, would that ERL be active?does it not require a close of a subsequent bar at a visual distance from it? Please correct me if I missed something.
Regards
Vivek

hi, my interpretation of erl is, I read it somewhere - " in visual uptrend, line drawn horizontally from the previous mpl is ERL. In UT, price going below previous mpl is signal for end of upmove. I think the erl in the afl is based on this statement.

thanks

Originally posted by Subhadeep:
Early Reversal Line (ERL):

In the simplest terms ERL is nothing but a Pivot High (in an Uptrend) / Pivot Low (in a Downtrend) that has been broken and the price has closed at a visual distance from the body of that Pivot High / Low. The bodies of these Pivots (PH in an uptrend and PL in a Downtrend) form the ERL. In an Uptrend, the Body High (Open) of the Bearish Bar associated with the PH will form the ERL, and in a Downtrend the Body Low (Open) of the Bullish Bar forming the PL will form the ERL. The wicks / tails are ignored.

So two basic requirements for ERL:
1. We need clear visible bodied pivot, and
2. A visual distance close away from it.

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No mathematical formula for measuring visual distance is there… sometimes 20 points is enough and sometimes 30 seem less.. we just need to go with our eyes… just ensure that the Pivot have been broken convincingly

hmmm... last para says no mathematical formula, so no code for this
Ok. I should read further about this. So I should trade only with mph,mpl. No ERLs for me now.
thanks a lot.

I am also not using them at present, going only with minor and visual pivots.
Another thing I have problem differentiating retracement and breakout failure, can you help me with that?
Thanks
Vivek