Pivot Trading- a new way of Trading

[Subhadip]

If time permits, I will give all a detail explanation regarding aggressive trading, aggressive entry, aggressive SL movement and Money management rule I follow.

It is expected in this weekend.

Best of luck to all my friends.

 

[Subhadip]

Todays trade

Yes bank -30

Yes Bank-5

Shorted 764.50 buy back- 761
but not comfortable with Sl which was too high, hence not able trade longer.

thanks

anil negi

Two thing:
Trade 5 min seeing 15 min only. Not 30 min.

Of SL is far apart, give it two bar back SL. An aggressive trade though.

 

[SevenD]

Dear Subhadip,

Please comment on this trade.
1- Entry 1 is taken as per pivot method.
2- Entry 2 is taken (MA method)looking at 15m TF
3- SL, exits taken as per 3m TF

Pls check if markings are correct.
In pivot method could aggressive entry be where SL is, as trendline shows falling trend.
I have observed that at times pivot method gives early entries and at few times the MA method gives early signals. As of now just trying out, will stick to one later.

Thanks

 

[vivektrader]

A beginner's Journey-My journey
I started my trading in feb 2015 with a capital of 2Lac and some "friendly advice" from a supposedly experienced trader friend and my very own untrained stupid mind. Blew my 2Lac in about 2 months, added another 1.5Lac (to recover my 2Lac ofcourse), asked the very same friend to directly handle my account (with my interference ofcourse), lost almost the entire amount uptill end of August. I was left with Rs.11,818 + regrets and feeling to quit.
Then came the study part(usual story)
I read Saint's Teach A Man To Fish
Smart_Trade's Thoughts on swing trading I and II
came across Subhadip's Thread (this one)
Read Albrook's price action Bar by Bar (half of it)
Trading Price Action only.
from Sep1 to Dec1,2015, I traded almost everyday atleast one trade per day,
54 trading days (19loss days---35 profit days) 64% profitable days
118 trades
opening capital Sep1----11818
closing capital Dec1-----12078
I am also attaching my ledger and trade book.
Got mixed feelings:thumb:
https://www.dropbox.com/s/9y748imb97rjiuq/LEDGER Equity 01-09-2015 TO 01-12-2015.xlsx?dl=0
https://www.dropbox.com/s/poregdctf6cz5ew/TRADEBOOK ALL-FO 01-09-2015 TO 01-12-2015.xlsx?dl=0
Please be generous in advising me.
Regards
Vivek

 

[sangram1705]

 

[sangram1705]

should we take entry when in range?

how to avoid these whipsaws?

should we accept it as a part & parcel of the method?

can we distinguish between good, better or best setups?

(may be with HTF trend entries will be better, but we will miss reversals)

 

[Subhadip]

Dear Subhadip,

Please comment on this trade.
1- Entry 1 is taken as per pivot method.
2- Entry 2 is taken (MA method)looking at 15m TF
3- SL, exits taken as per 3m TF

Pls check if markings are correct.
In pivot method could aggressive entry be where SL is, as trendline shows falling trend.
I have observed that at times pivot method gives early entries and at few times the MA method gives early signals. As of now just trying out, will stick to one later.

Thanks

Well my dear friend, stick to one method, after proper learning & back testing, you can change / adapt "your" twist into it.

My suggestion to you specially, stick to MA method till you understand the full method of VPH,VPL ERL etc.

As per Pivot method, your trade was perfect, except the exit, I have exited 50 % at 2800 & rest at EOD.

I will tell you the aggressive entry & aggressive adding & SL movement this weekend.

Best of luck.

 

[Subhadip]

A beginner's Journey-My journey
I started my trading in feb 2015 with a capital of 2Lac and some "friendly advice" from a supposedly experienced trader friend and my very own untrained stupid mind. Blew my 2Lac in about 2 months, added another 1.5Lac (to recover my 2Lac ofcourse), asked the very same friend to directly handle my account (with my interference ofcourse), lost almost the entire amount uptill end of August. I was left with Rs.11,818 + regrets and feeling to quit.
Then came the study part(usual story)
I read Saint's Teach A Man To Fish
Smart_Trade's Thoughts on swing trading I and II
came across Subhadip's Thread (this one)
Read Albrook's price action Bar by Bar (half of it)
Trading Price Action only.
from Sep1 to Dec1,2015, I traded almost everyday atleast one trade per day,
54 trading days (19loss days---35 profit days) 64% profitable days
118 trades
opening capital Sep1----11818
closing capital Dec1-----12078
I am also attaching my ledger and trade book.
Got mixed feelings:thumb:
https://www.dropbox.com/s/9y748imb97rjiuq/LEDGER Equity 01-09-2015 TO 01-12-2015.xlsx?dl=0
https://www.dropbox.com/s/poregdctf6cz5ew/TRADEBOOK ALL-FO 01-09-2015 TO 01-12-2015.xlsx?dl=0
Please be generous in advising me.
Regards
Vivek

I have not seen your ledger and any attachment, but still I am congratulating you.

Best of luck for the future journey.

Please use the MA method if possible.

Also do plenty of back testing with the same method till you understand that you can handle any script in any type of situation with only one method.

 

[Subhadip]

should we take entry when in range?

how to avoid these whipsaws?

should we accept it as a part & parcel of the method?

can we distinguish between good, better or best setups?

(may be with HTF trend entries will be better, but we will miss reversals)

I have said that before trading this MA method, please do not forget what I have said in the first pages..

Please avoid the range if you do not know how to handle it.

But seeing the chart, it is looking juicy...

 

[vivektrader]

I haven't lost in last three months but haven't gained either, I am moving sideways I suppose