Day Trading Futures

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vishal7176

Well-Known Member
P-1 or 2 Bars Entry



Today I will share an entry technique which is my favourite entry technique for getting into a trend move, Many times we either miss an entry in a trend move or we get out in between and we want to enter again with small, predefined and controlled risk.

The chart is attached. Here market was in uptrend, it opened with a gap up and after a bit of correction, the uptrend resumed and we want a low risk entry in this uptrend.

Here we locate a small pivot low. And our entry in long trade is above high of the bar which is one bar earlier to pivot low bar provided it is higher than the pivot low bar high, else we go 2 bars earlier.

I have marked 5 places where market gave us a low risk entry shown by blue lines. The stoploss is at the low of the pivot low bar....and you are hooked into a trend...enjoy the ride.

This is an entry method....it is NOT a stand alone trading system....please use it as an entry method only.

The method is based on the fact that an uptrend is made up of higher pivot highs and higher pivot lows and if we keep stops at a pivot low, it will not be hit in a strong uptrend, and if it is hit, it means that the uptrend is weak and we better get out instead of hanging around in a market which is not trending strongly. It is based on sound trading principle and hence this entry technique has more than 75-80 % success rate and is my favourite.....This entry is a great entry for adds even if we are already in trend. It gives low risk add points.

Mirror image to get into a downtrend.....

Smart_trade

Addition : I am purposely posting old post which has a chart and which clearly explains the technique.I could have posted todays chart as well with markings. But now anyone who wants to learn can open todays 5 min NF chart and see the entries on that chart with Stoploss places and whether succeeded or failed. This will give real learning else If I post todays chart, people will read it and then add one more tool in their many systems they have and then that is all...and this is posted for new guys who are srtuggling to get good entries with small stoploss giving a high RR...this is not for experts who need no methods...


Thank you dada :)

thanks a lot
 

Trader_PK

Well-Known Member
100 Year old pic of Varanasi. Now it is planned to be made like Kyoto. 4-5 years hence , I would love to watch its pic. if the project takes shape in reality.
kuch hona wona nahi hai bhai..Kyoto is clean because japanese people are train to be clean...how indian people clean public property we all know :)
 

sudoku1

Well-Known Member
Some more days like today and will visit this place : :)



The-Atlantic-road-in-Norway-stretches-across-seven-bridges-and-offers-a-beautiful-view-of-the-Atlantic-ocean-if-you-drive-in-calmer-weather-you-might-even-see-whales-and-seals.
irrational hopes
 

copypasteaee

Humbled by Markets
and sold at 68 ... this single trade today covered up this month losses and doubled my sept month trading capital. :D
you are leading a risky life then...
 

copypasteaee

Humbled by Markets
nice comments. you are right, it was buyers day and writers were running behind the hood. It was a too hectic day
 
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