Pivot Trading- a new way of Trading

[vishnu_1990v]

Nifty bro
now I have got it! my mistake!..I was taking this chart in reference of todays bank nifty..kya karu! bank nifty dimag sey nikalta nahi!
if that chart is today nifty, then my question is same. previous day closing nifty was also in visual down & gap down..so Why long & no erl reversal is there also..
If its some other scrip, then also we need yday price action to see Pa of previous day to decide about opening trend..
waiting for shubhadip reply
thanks

nifty taurus,

long only after trend confirmation on lower time frame even though gapped down but higher time frame still uptrend.
vishnu_1990v

 

[niftytaurus]

nifty taurus,

long only after trend confirmation on lower time frame even though gapped down but higher time frame still uptrend.
vishnu_1990v

ok! you meant you trade in direction of higher timeframe
I was telling about visual trend of lower time frame, as this IDF method rule is trend minor trend in direction of visual trend of same tf
thanks

 

[niftytaurus]

hourly chart bank nifty-today till 12:54

 

[Smart_trade]

Today's downmove after 1:00 is a clean trend.....we must trade such trends....does not matter if we miss the ideal entry...take the next best entry 10-20 or more points from ideal it is still very profitable. Risk is much less in such trades.Dont miss such moves.

Smart_trade

 

[wisp]

Today's downmove after 1:00 is a clean trend.....we must trade such trends....does not matter if we miss the ideal entry...take the next best entry 10-20 or more points from ideal it is still very profitable. Risk is much less in such trades.Dont miss such moves.

Smart_trade

Da,
Whats your thought process after 2.03, look for partial exits or hold (on 3tf or 5tf)?

 

[niftytaurus]

22 sep bank nifty-f
Hi
i am posting today's trade..just posting trade log with chart as Its not model trade..
if its against forum rules..moderator can delete my posts..I have already post my hourly chart live at 12:54 pm..its not only pivot trading which discusses in this thread, but also many other price action concepts which I uses,so Its not purely on pivots but ya Pure price action..
shubhadip bro, I am sorry, I couldnt add as its yesterday I lost a big amount of money..so I was bit of scared ..so today trade light..
thanks

 

[Smart_trade]

Da,
Whats your thought process after 2.03, look for partial exits or hold (on 3tf or 5tf)?

Still no signs of downtrend coming to an end....so hold.

If you have booked part profits, the balance you can hold till NF shows sone signs of trend ending....or at successively lower profits book small lots if trading multiple lots.

Smart_trade

 

[nifty trade]

Today's downmove after 1:00 is a clean trend.....we must trade such trends....does not matter if we miss the ideal entry...take the next best entry 10-20 or more points from ideal it is still very profitable. Risk is much less in such trades.Dont miss such moves.

Smart_trade

Smart Trade bro

today i was long initially but when stop loss hit , i didnt short just because higher time frame(15 min and 30 min) didnt had any VPL broken yet , yes lower VPH had formed but VPL were way below , its a continuous dilemma , whether to look at higher time frame for trades or not , please share your valuable thoughts.

 

[wisp]

Smart Trade bro

today i was long initially but when stop loss hit , i didnt short just because higher time frame(15 min and 30 min) didnt had any VPL broken yet , yes lower VPH had formed but VPL were way below , its a continuous dilemma , whether to look at higher time frame for trades or not , please share your valuable thoughts.

Bro,

Are you looking for 15 min VPH/VPL?

As far as I know, VPH VPL on 3/5 min, 15 min/30 min minor pivot is a VPH/VPL on 3/5 min. So, trade in the direction of minor trend of HTF and visual trend of 3/5min.

 

[Smart_trade]

Smart Trade bro

today i was long initially but when stop loss hit , i didnt short just because higher time frame(15 min and 30 min) didnt had any VPL broken yet , yes lower VPH had formed but VPL were way below , its a continuous dilemma , whether to look at higher time frame for trades or not , please share your valuable thoughts.

Dont mix methods. Pivot method says Visual pivots on 3/5 min and we had vis pivot lows at 7984 and 7976...and then every low breaking is selling opportunity.

Waiting for VPL on 30 min will be too late if we are trading 3/5 min timeframe.

on 15 and 30 min also below 7976 the trend was changing.So short even at 7950/7925/7900 and still it was very profitable....

If a trader is active daytrader he cannot keep looking at market getting sold off and just keep watching.....must enter atleast a small short position.

Smart_trade