https://www.traderji.com/community/threads/pivot-trading-a-new-way-of-trading.99863/post-1104112
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.
Nihil Ultra (Nothing Impossible). Stay focused. War is with Market,Ledger is the proof of that.Mirror knows the result.
