Learn How To Fish

[VJAY]

My earlier same thread deleted some unknown reason.I recieved many PM's by newbies about that thread which link still there in my signature (which I not noticed) .Though same related thread is there of Subhdip here...still I sharing my way of trades as am trading this simple way since long time now....
My only intention for start this thread that it may help some newbies to start trading in profitable and confidence way .....If this thread helps any new trader am satisfied....

 

[XRAY27]

My earlier same thread deleted some unknown reason.I recieved many PM's by newbies about that thread which link still there in my signature (which I not noticed) .Though same related thread is there of Subhdip here...still I sharing my way of trades as am trading this simple way since long time now....
My only intention for start this thread that it may help some newbies to start trading in profitable and confidence way .....If this thread helps any new trader am satisfied....

Good vjay !!! Great work !!!

 

[VJAY]

My trading based pivot method ...so need simple chart is must for trading....
Though many variables are there in this method but I am sharing the simple way...one can trade this method 1-2 years then you start yourself to tweak what the best needed as per your personality and your experience trading this method....its comes automaticly with you as you trading this method day by day ....

This method only helps newbies as advanced traders get bored from this method as they allready applyed many new tweaks in this method

 

[vagar11]

Thank you VJAY sir for starting a new thread.

Will this cover swing trades too.

 

[VJAY]

Thank you VJAY sir for starting a new thread.

Will this cover swing trades too.

Dear vagar11,
I am sharing my way of trading which allready known PA trading which suits in every type of trading ...
Yes I used to trade it in BNF swing trades....

 

[VJAY]

Price action trading basicly trend trading ...we use pivots for find trends ...many threads allready in traderji explaining it various ways ..so I not go much specificly ...will explain only what we need for our trade.

 

[VJAY]

New traders had always confussed in identifying pivots me too in my earlier days ....Most important thing to know in PA trading is find correct pivots in our chart ....its most basic thing...Once you perfected pivot thing then am sure you never see any difficulties moving on....
There are different type of pivots which are identified differently ...we always miss and confuse one say thats pivot other one say thats not a pivot Here everyone is right in his thinking...but newbies are confuse when in live chart ...In live many start to confussing about pivot ...so they start wandering all arround .....

 

[VJAY]

Rally/Decline

Rally & Decline are the start of learning in chart for PA trading...its nothing
Price started to move up -Rally
Price started to move Down-Decline

How we see it in chart...

Its one bar we cant say its Rally or decline....

Here two bars ...last bar is higher high & higher low than first bar .....we can say its Rally

Here again two bars ,,,,last bar is lower high & lower low than first bar .....we can say its Decline

Here too two bars ...but what's this ?Its only a pause non trending
(Though we can find trend in every bar too looking its open and close)...
But we not need it here

 

[VJAY]

Identifying Pivot

We must need clear cut way to find a pivot....so here its my way to identify pivot...

Rally started...when 3rd bar crosses high of 2nd bar ....now 1st bar low is pivot
we can call it as Minor pivot low

Decline started...when 3rd bar crosses low of 2nd bar ....now 1st bar high is pivot
we can call it as Minor pivot High

 

[VJAY]