Pivot Trading- a new way of Trading

[Smart_trade]

somewhere u have written -6R ..not possible my dear friend..R is Risk, u will be getting out at -1R..is not it?
One thing more.... patience is the key...

I will discuss more about the way of trading & thinking here now... THINKING is the key





in Crude 40 point is very very easy...Trust me.

but start with Crude mini one lot... for your confidence..then increase mini lot.

-6R is his weekly loss for first week of Sept .It is not a loss in a single trade.

ST

 

[Subhadip]

to all learner...post one rally portion of the chart...where rally started & where rally ended with bar number marked...

 

[Subhadip]

-6R is his weekly loss for first week .It is not a loss in a single trade.

ST

ok sir. 6R weekly loss is ok...in my view though..but my view we should revise & sharpen our AXEs time to time to gain momentum..

 

[niftytaurus]

Yes Rally..but tell me where it is started & where it is ended..

previous decline finished on candel A low..rally started on brek of high of cndel a high . but rally confirmed on brek of candel b high.
decline started from break of cndel c low but rally is in doubt..but decline confirmed after break low of d candel ..

http://imgur.com/a/ly4zw

thanks

 

[niftytaurus]

somewhere u have written -6R ..not possible my dear friend..R is Risk, u will be getting out at -1R..is not it?
One thing more.... patience is the key...

I will discuss more about the way of trading & thinking here now... THINKING is the key





Thanks for your help..this 6R is loss for the week..from 29 august -2september week ..My Risk for every trade is constant..1R..but I dont put tsl & adds..but exit on fixed target of 1:2..either I take 2R pROFIT OR let sl hit & take 1R loss..
my MM is
1) NO more TRADE if 1 trade is profitable
2) 2 nd trade taken if 1st is in loss..no trade for day if both trade is in loss..
so 2R is maximum loss for day..

most of the time my entries are right but sometimes I missed target by few points & those trades also goes in loss according to my plan..even some of them even reach 1.5 R..so my exit plan & trade mangement skills are still struggling..so thinking of learn pivot method more in depth..yours & everybody guidance is needed
Thanks

 

[Subhadip]

previous decline finished on candel A low..rally started on brek of high of cndel a high . but rally confirmed on brek of candel b high.
decline started from break of cndel c low but rally is in doubt..but decline confirmed after break low of d candel ..

http://imgur.com/a/ly4zw

thanks

Which one is candle D....

 

[niftytaurus]

Which one is candle D....

2nd red candel

 

[Subhadip]

Thanks for your help..this 6R is loss for the week..from 29 august -2september week ..My Risk for every trade is constant..1R..but I dont put tsl & adds..but exit on fixed target of 1:2..either I take 2R pROFIT OR let sl hit & take 1R loss..
my MM is
1) NO more TRADE if 1 trade is profitable
2) 2 nd trade taken if 1st is in loss..no trade for day if both trade is in loss..
so 2R is maximum loss for day..

most of the time my entries are right but sometimes I missed target by few points & those trades also goes in loss according to my plan..even some of them even reach 1.5 R..so my exit plan & trade mangement skills are still struggling..so thinking of learn pivot method more in depth..yours & everybody guidance is needed
Thanks

No my dear friend...approach is wrong..

My addition is like this:
1. Please do add ,
2.Why no trade if one is in profit...do as per system..sometime the trade u are not trading will be a bigger one..
3. 2R loss per day is ok..

How do u guys set Target I never understand...do as per system...follow the trend..market will give much...


Learn RALLY & Decline...I can teach u Pivot method..Fully..to trade in any market condition...all armors are there..

 

[Subhadip]

2nd red candel

ur answer is right

 

[Subhadip]

I will be using this chart

Can anyone tell me which bar (numbered)Rally started...and rally ended? From A to M only till now...do not go beyond now