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

full sl hit. -0.5%
MTM = + 0.15%

Sir,In live,2Min TF is very fast,the candle was green almost and at the last moment it turned big red.How do decide buy-sell?
I mean,say,we want to short below VWAP and target is -2sd.But near VWAP on 2min tf LIVE,we see green candle form and it gives the illusion that market is about to reverse from there,so I dont short and wait for more confirmation and I miss the entry or get some late entry.
How do take care of this?Hope you understand my question.English me kaise to bhi likh liya

-ty

or do we place the order blindly?
Blindly will be a wrong word here,but I dont find proper word.
See,we have a theory to decide bias using VWAP.Its bearish bias and its below VWAP.Setup says we should short,but on 2 and 3TF,you could see green candles which indicates the bullish traders are willing to bid more.Then how do you place order there?If we sell there,wont it be a tukka/blind short sell??
Thats the biggest drawback of VWAP method where Pratap Sir didnt answer

looks like I am not able to put my query properly,Hope you got it.

-ty

Hi, after reading ur posts i think we both use vwap method in entirely different way.
I did little experiment at the final trade yday, yet to update the chart.

vwap's strength is in sideways days so i restricted its use only during that time. yday was trending day and all my trades used 2ma exclusively. Role of vwap was limited.
In ur 2nd post i think u meant that vwap is bearish, but candles are not red, so how to short?
In the above case 2ma comes into play, if 2ma says buy, even if it is below vwap, i ll take buy.
If u see the chart, i use 30 min or 1 hr opening range.
If both 2sd is in between op range, then vwap is king and follow that only.
If any one 2sd outside op range, consider it trending day and follow 2ma pivots, vwap is not considered.
Of course in both cases candle patterns like pin bar, engulfing etc is important.

Hope i m clear. Sorry to say i modified both the rules of 2ma and vwap, then only i was profitable in backtests, otherwise i faced similar issues what u r facing now.

We should not confuse between pullback and reversal. Few green candles is just pullback, wait for it to stop and turn to red and lower pl to form.
reversal will take longer time and thats y i use 2ma for reversal. It uses 15tf, so if there is a real reversal it shows.
Each tool has different strengths. Cant use 2ma in sideways, It will give worst drawdown.

#1 Eq

Short Rcap. Entry looked fine realtime, but it proved me wrong and sl got hit in 5 min. Of course i was late for the party and the proper entry according to 2ma was around 12:30

#2 EQ

Long TataMotors.
It was a vwap trade, with tgt near vwap. It worked out nicely. But i didn book full profits at vwap, was greedy and TSL got hit.





End result for both trades = -0.6% + 0.2% = -(0.4)%

Both silvermic and crudeoilM looks confusing. Maybe bcos both are within Yday vwap range.

Shorted crude @ 3315. 2ma is long but all others indicate short.

#1
Exited @ 3304, ORB low.
+0.5%