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

vijkris

Learner and Follower
hi, this weekend I will try to explore in detail the concept of idf.
I feel it is one of the best method one can use to start the day with profits.

Pls consider this Thread similar to a student's notebook (who copies the definition from the black board, written by the master, and practices it until he becomes perfect).
I will repeat some of the concepts from the original thread so that I may learn it thoroughly and rise upto a level where I can confidently participate in discussions @ subhadip sir's thread.
I m in not introducing any new concept as of now :D.
I m trying to put idf concept here so that I can dig more deep into it.
thanks.

Disclaimer : pls consider my further posts below which includes re-explanation of the said concepts as that of amateur/student. It may contain unintentional error,which can only be corrected by seniors/teachers/co-learners. I apologize in advance if my views created confusion in reader's mind.
pls use your common sense if possible correct me. thanks

PS: since my basics needs improvement, I may write down wrong explanations, pls forgive. thanks

Rules of Intraday Flow method: (IDF)

I have learned it from Saint sir, Kapil Sir, Pratap Sir & ST Sir,

IDF trades the minor trend in the direction of visual trend in 5 min chart.

5 min chart used for all index & scripts.

To understand the visual Pivot at 5 min TF, I look at PHs and PLs in 15 min chart. Every pivot in 15 min chart is a visual pivot in 5 min TF. From experience you can do it in 5 min chart itself.


Go long/short at Visual Pivots. Exit at minor pivot break. If 60 min clsoing at known support/ resistance also exit.

Adds on Minor pivots.

Opening trade:
If open in yesterday's range:- in Direction of Flow 30 enter on break of Yesterday's pivot. 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.

Sideways: Nothing to do. Close outside bodies of sideways and then go long/ short above high/ below low of that bar.

Flags: nothing to do. Trade the Break out & Break down.

Profit booking: Support & Resistance.


Now yesterday Visual UP Condition:
1. Gap up above VPH; go long over mPH over 1st Bar.
2.Open/ Gaps down into range but above Visual ERL: Go long over mPH (When minor trend alligned MPH).
3. Opens/ Gaps down into range but below visual ERL: Go long above VPH; go short below VPL
4: Gaps down below VPL: short on a pivot below 1st Bar.


Now yesterday Visual Down:
1.Gaps down below VPL: Short below minor pivot below 1st Bar.
2.Opens/ gap up into range but below visual ERL: short after minor trend alligned to it.
3.Opens / Gaps up into range but above visual ERL:Go long above VPH: Go short below VPL
4. Gaps up above VPH: Long on a pivot; Short below pivot if 1st Bar moves into range

Visual Sideways Days:
1. open in range- go long avove VPH; go short below VPL
2. Gaps above VPH: long over minor pivot;
3. Gaps below VPL: Short below minor pivot.
When to go long:
1. Price in Visual Uptrend- comprising of Higher VPH & Higher VPL
2.Price pivoting above visual ERL of the downtrend.
3. In Visual Sideways, we will wait for an mPH to be formed above ERL

When to go Short:
1.Price in Visual Sideways;
2. Price pivoting below Minor ERL or Visual ERL
3.In Visual Sideways: we will wait for an mPL to be formed below ERL.

When nothing to be done:
When price enters Visual Sideways .
 
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vivektrader

In persuit of financial independence.
hi, this weekend I will try to explore in detail the concept of idf.
I feel it is one of the best method one can use to start the day with profits.

Pls consider this Thread similar to a student's notebook (who copies the definition from the black board, written by the master, and practices it until he becomes perfect).
I will repeat some of the concepts from the original thread so that I may learn it thoroughly and rise upto a level where I can confidently participate in discussions @ subhadip sir's thread.
I m in not introducing any new concept as of now :D.
I m trying to put idf concept here so that I can dig more deep into it.
thanks.

Disclaimer : pls consider my further posts below which includes re-explanation of the said concepts as that of amateur/student. It may contain unintentional error,which can only be corrected by seniors/teachers/co-learners. I apologize in advance if my views created confusion in reader's mind.
pls use your common sense if possible correct me. thanks

PS: since my basics needs improvement, I may write down wrong explanations, pls forgive. thanks
Made a little write up for IDF today, struggling to find chart examples for each condition.
 

vijkris

Learner and Follower
b4 proceeding little basics
To all,

Please remember, in every chart, there is rally & decline always going on.

You have to identify those, for proficiencies in minor pivot.

After you got minor pivot, then only you can go for visual pivot.
point in bold is most imp.
that means whether u use any indicators like rsi,macd, Bollinger bands, whatever indicator in the universe, still one has to understand rally and decline
that is the foundation of reading the chart.
 

vijkris

Learner and Follower
Made a little write up for IDF today, struggling to find chart examples for each condition.
yes dear. same here. finally I figured out 1st line of idf :D
so started posting, and I intend to include as many charts tonight, until 12AM.
 

vijkris

Learner and Follower

vijkris

Learner and Follower
2 interpretations regarding Visual pivot :

1.
Visual Pivot:


Higher minor pivot highs and minor pivot lows make a minor uptrend
Lower minor pivot highs and minor pivot lows make a minor downtrend
The starting point of a minor Uptrend or a minor Downtrend makes a Visual Pivot.
2. Consider mph/mpl in 15 min as visual pivot in 5 min.

Currently I m considering the 2nd option as vph.
 
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vijkris

Learner and Follower
IDF trades the minor trend in the direction of visual trend in 5 min chart

I think this is clear. It means 1st identify direction of "visual trend".
If clear direction is not visible, consider it "no direction", thus the above rule wont be applicable.
Thus if visual trend is up, look to enter when minor dt changes to minor ut.

 

vijkris

Learner and Follower
Opening trade:
If open in yesterday's range:- in Direction of Flow 30 enter on break of Yesterday's pivot. 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.


1. pls mark the words,"opening trade". That means IDF will guide us in making profitable trades during initial hour of trading.

2. Yesterday's range. - in pure sideways period Yday range is between Yday high and Yday Low.
if yesterday BO/BD happened, and close was @top/Bottom, consider last 2hrs/Time after BO/Bd to be Yesterday's range.

3. If open in yesterday's range - consider only the open price @9.15
4. in Direction of Flow 30 - in direction of higher TF/ visual trend.

so now combine the sentences- if todays price "opened" within yesterday's range,. I will first identify visual trend, and wait for minor trend to align with visual trend.
Since much time has not passed since opening, yesterday mph/mpl wil give a clue.
So today we may find new mph/mpl forming nicely BUT we will ignore it until YDAY mph/ mpl is broken.
eg- visual ut-. opened in range,- enter when today's minor ut broke yesterday's mph/high of range
if visual dt- opened in range= enter when today's minor dt broke yesterday's mpl / low of range.

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.

if in visual dt, instead of BD of YDAY low, YDAy High is taken out. what to do??
We wil wait for a higher mph above Yday range to form. then if that new mph bo happens we confirm ut and enter
advantage- usually yday range's 1st bo fails/rejection happens(most common), we will enter in original direction.

OR we increase our Timeframe to 15 min, wait for the proper close above Yday range. then we will note down high of this 15min bar, come back to 5 min, and wait for BO of this 15min high and enter.

PS : changing to higher TF should be considered, for a relaxed trade.

 
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