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

[vijkris]

Thanks you Vijkris for starting this thread. :thumb:
I have started to practice making pivots on charts and lots of doubts have started to come in my mind.
Seniors please help me out on this situation :cheers:
Edit on Question: There I wrote that second low is taken out, what I mean is second low is forming

Hi,
Myself a learner and do not have enough clarity on the topic.

Hope Rj sir/subhadip sir/ any other seniors can help you out.

 

[XRAY27]

Yes, no more trying to become perfect. Lot of time already got wasted doing that. :annoyed:

As per guidance of niftytaurus, now sticking to two setups only. Since using 1tf, I am not relying on mph/mpl, rather I am relying on ema cross.

Also the ema cross along with the obv bias, according to 90 trades backtest comes around to 50% win rate.

So to win 3x or greater I can't fix target of 2X, so backtested with staying in position until ema cross.

Also wisp bhai said that we backtest with charts but while trading we include so many external factors like news etc.
So now trying to take trades and exiting it in the same way as it was backtested.

Anyways enter as per 1 to 2 % capital risk on each trade..don't take fixed qty,but fix qty as per risk.

 

[asskg32]

Hi,
Myself a learner and do not have enough clarity on the topic.

Hope Rj sir/subhadip sir/ any other seniors can help you out.

I searched around the internet and in TJ, I think I found the answer.
If it doesn't look like a pivot then it isn't. :rofl:
Pivot is the turning point in the market. Shaped like a parabola around it.

 

[Subhadip]

I searched around the internet and in TJ, I think I found the answer.
If it doesn't look like a pivot then it isn't. :rofl:
Pivot is the turning point in the market. Shaped like a parabola around it.

Please read up more.

 

[rjshem]

one more high probability setups--Yday high Failure..markets breaks out yday high but couldnt sustain & price comes down.
This setups happens today in NIFTY-FUTURE
Thanks

Repeated today in LT Infratel 5 mins.

 

[vijkris]

Severe thunderstorms in my area. no power, no broadband, only mobiles working.

http://www.thehindu.com/news/cities...lunges-city-into-darkness/article18416659.ece

My area is listed in this article as worst affected.

 

[TraderRavi]

Severe thunderstorms in my area. no power, no broadband, only mobiles working.

http://www.thehindu.com/news/cities...lunges-city-into-darkness/article18416659.ece

My area is listed in this article as worst affected.

thats bad.
I saw your photo below that article

 

[vijkris]

thats bad.
I saw your photo below that article

:lol:
Actually that was not my photo, it was kejriwal sir's photo, he became so famous now as he showed how to hack evm !!!

Btw, now everything looks normal, bright sun came out. Lets see forecast is that evening it will rain again.

 

[vijkris]

Once Happylife bhai said that I must review this thread.
So yday reviewed some of the old posts in this thread randomly.

One thing is clear now, I should be given an award for being the most "INCONSISTENT TRADER. :annoyed:

Only 1 thing that is consistent is the use of the word vwap in some form or other.

In comparison, Lonewolf bro's thread is so nice, His method is fixed from beginning, not much deviation, PDH/PDL reference is the most frequent word used in that thread. :clap:

(I have one pending task related to obv thread as well, after doing that my conscience will be clear. For this task have to open a new thread. Will do it in some weekend.)

 

[OneThatGotAway]

The Undefeatable Bald guy is ever evolving .
so in order to make money off them .. you must be ever evolving too..

Too much research no good. Just trust your method .

After all there is no honest teacher as your own Losses .
I remember saying of old chap " Difference bwt winner and loose is SL "
as SL makes sure you be alive for next day trading.
Trading is as old as Hill . Flying fox of snow mountain :xD

“The greatest pleasure in life is doing what people say you cannot do.”
Best revenge Massive Success