Pivot Trading- a new way of Trading

Subhadip

Well-Known Member
To all,

Please remember, in every chart, there is rally & decline always going on.

You have to identify those, for proficiencies in minor pivot.

After you got minor pivot, then only you can go for visual pivot.
 

wisp

Well-Known Member
To all,

Please remember, in every chart, there is rally & decline always going on.

You have to identify those, for proficiencies in minor pivot.

After you got minor pivot, then only you can go for visual pivot.
Subhadip, when do sideways bars become a pivot?
 

Subhadip

Well-Known Member
Visual Pivot:


Higher minor pivot highs and minor pivot lows make a minor uptrend
Lower minor pivot highs and minor pivot lows make a minor downtrend
The starting point of a minor Uptrend or a minor Downtrend makes a Visual Pivot.
 

Subhadip

Well-Known Member
Sideways:

In an UT when we get a lower PH or in a DT when we get a higher PL we have sideways
for e.g. Visual Sideways
We are in visual UT with higher VPL and higher VPH
then we get lower VPH after minor trend confirms to down (minor DT)
now we are in visual sideways until the VPH or VPL is taken out.
 

Subhadip

Well-Known Member
When the last minor pivot low of the minor UP trend is broken, the highest point becomes VPH,

When the last minor pivot high of the minor DT trend is broken, the lowest point becomes VPL
 

Subhadip

Well-Known Member
ERL

What I have learnt from Saint sir, Kapil Sir , Pratap Sir & ST Sir:

Characteristic of ERL:
ERL to be taken from Clear Trends and not in Sideways.

It’s a Horizontal Line drawn from Body Pivot High (In Uptrend) and Body Pivot Low (In Down Trend).Line is Drawn from Bearish bar open ( In uptrend) and Bullish bar Open ( In Downtrend).

Need close above ERL for activation of ERL.

 

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