Learn How To Fish

[chavanms]

Some confussed pivots ...but rule is same ...no confussions

Vijay sir,

thanks for this image solve my confusion for handling outside bar while ploting pivot

Mukesh

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[VJAY]

So if we have a possible pivot low bar then first we need one higher high and higher low bar it may be by after any number of bars without going new lows ...then that HH-HL bar breaks up that possible pivot low is now real mPL
Vice versa for mPH...hope you got my point

 

[sivraj92]

:clapping::thumb:

 

[VJAY]

Okey...now we go forward....How to find Visual pivots?We need visual pivots to find the trend ....

If after an mPL one higher mPH prints then that mPH breaks out lowest mPL becomes VPL
If after an mPH one lower mPL prints then that mPL breaks down highest mPH becomes VPH
confussed .... ...yes in words we always get confussed !!!!but in picture we get the point...

 

[VJAY]

Confussed VP's...

Here we got HH-HL mp's / LH-LL mp's ...but not VP's

For VP we must take out higher mph/Lower mpl

Hope I not confussed to you all ......

 

[VJAY]

 

[VJAY]

After print of VPL now if any bar breaks down last made mPL then current high becomes VPH
After print of VPH now if any bar breaks down last made mPH then current high becomes VPL

 

[VJAY]

Why need this VP's?
Okey We trade trend...so we need identification of trend...so we use these VP's for market trend..How?
As you now know whats this VP's ...now need to look where it happens ?
If we get Higher VPL & Higher VPH its UPTREND
If we get Lower VPL & Lower VPH its DOWNTREND

Its basic thing of UT & DT

 

[VJAY]

Now we know minor pivots ,aggressive pivots,visual pivots and when can we call uptrend and downtrend......not ?then please again study what I posted and try to mark these things in your charts...not in one chart go numbers of charts upto you confidence to find these pivots and trends without any doubt ...like this one
Sorry avoid last blue arrow ..

 

[wabuf]

when trying to enter during break of a particular level (pivot/previous day high or low), should we wait for the candle to close and then take entry or can triggers be kept few points away from the key point.

Sometimes the candle is a very wide range & entering at the close of candle gives a wider stop loss. Waiting for a pullback happens few times, but mostly price moves further thus missing the entry.

On the other hand, if entry is through trigger price, triggers get executed in advance but sometimes candle fails to close above/below the required point hence a wrong entry is made.

please advise.

Thanks

Bumping here from General trading chat ...