Pivot Trading- a new way of Trading

Subhadip

Well-Known Member
VPL was already formed.
A new HPH is formed after VPL.
The previous VPH status remains as VPH?
Okay ! :confused:
Thanks for your time .
Right, previous VPH remain VPH, no change
 

wisp

Well-Known Member
Just tested for this month.. not good vis a via nifty performance... any amibroker expert have to test for long time cycle for conclusion !!!
XRAY bro,
Aditya is a very successful trader (I think his whole family trades) so there must be something in this ema cross. Perhaps we need a couple of more rules, may be on the 3 min chart, we need a pivot for entry and may be we need a fresh pivot if price has gone below the emas (in this case, AP also ok) after making a pivot above and vice versa. ..not sure but there may be some rule that we can have, also if price has moved quite a bit already before crossing over we can skip that entry.
 

niftytaurus

Well-Known Member
Dear Shubhadeep bro
Thanks a lot for this new thread & all the time & knowledge you have sharing with us.its so great of you!
Last week, I was busy so couldnt follow your thread & it moved fast..& I missed some important discussions on pivot method..I will cover up for missed classes tonight & this weekend..
but ya I read your 8& 21 method..thats intresting!!I want to discuss that as I have been researching & back testing these kind of methods extensively to make my trading mechanical ( means the method who decide trend according to MA lines)..I have been facing some kin of problems in it.so I left it..but hope you can solve those problems or can guide me on this..

whatever I have understood from this kind of methods...basic concept is :-
1) we trade 3 min chart in direction of 15 min (15 min ma helps in deciding htf trend)
2)when 15 min sideways, we sit out
3) entries & exit on minor pivot breaks
I am trying to make a system out of it..but facing some problems..may be you can solve them
I have faced following issues
a) I have observed first 3 min changes direction & then 15 min change direction..so we waited till change of direction of 15 min..& then entries get late
2) overall on major time of periods, its profitable..when we minus loss points from profit points for a month .. most of the monthes its positive with good points( except january 2014 & feb 2015).
but the profit points we earn get lost in transaction & trading cost..as when we enter & exit on minor pivot..it gives 3-4 trade daily..so average 70-80 trades..so ex in bank nifty, 6 points transaction cost+10 points slippage of both sides , so its 16 points..which is total 1280..this 1280 points eat our all profit..& even in bad monthes, we can come in loss
3) if 3 min becomes sideways, it breaks pivot on both sides of ma lines & comes back.so when 3 min in sideways, it gives lot of trades as well as loss...( same happens when i used to follow swift..it whipsaws on both sides of lines & so many trades..I dont know how to overcome it..

i have put lot of hard work on it..back testing manually is herculean task itself but I have tried on some monthes..but this problems discouraged me..now you came up with it..so i hope you can solve this..& will show me a path..may be I am missing some important points..
thanks
 

amandeep86

Well-Known Member
XRAY bro,
Aditya is a very successful trader (I think his whole family trades) so there must be something in this ema cross. Perhaps we need a couple of more rules, may be on the 3 min chart, we need a pivot for entry and may be we need a fresh pivot if price has gone below the emas (in this case, AP also ok) after making a pivot above and vice versa. ..not sure but there may be some rule that we can have, also if price has moved quite a bit already before crossing over we can skip that entry.
i used to trade a similar system as this :-

Crossovers are just indicators that bias is changing and be Alert ,Entry is only Triggered on Pivot Break (Mph/mpl) in direction of C/O.

Need to identify the sideways /range period as per price action only and avoid as at that time Pivot will break at the range only to trap traders trading crossovers...:D

Also the the success in crossovers is Add when in winning position and trading tight on first entry
 
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Subhadip

Well-Known Member
I have faced following issues
a) I have observed first 3 min changes direction & then 15 min change direction..so we waited till change of direction of 15 min..& then entries get late
2) overall on major time of periods, its profitable..when we minus loss points from profit points for a month .. most of the monthes its positive with good points( except january 2014 & feb 2015).
but the profit points we earn get lost in transaction & trading cost..as when we enter & exit on minor pivot..it gives 3-4 trade daily..so average 70-80 trades..so ex in bank nifty, 6 points transaction cost+10 points slippage of both sides , so its 16 points..which is total 1280..this 1280 points eat our all profit..& even in bad monthes, we can come in loss
3) if 3 min becomes sideways, it breaks pivot on both sides of ma lines & comes back.so when 3 min in sideways, it gives lot of trades as well as loss...( same happens when i used to follow swift..it whipsaws on both sides of lines & so many trades..I dont know how to overcome it..
In BNF I never have slippage with 10 lots, (in entry or in SL order)- so I never calculated slippage.
I always trade in Multiple lots: like 8 lots in entry, 1st Add 4 lot, second add 2 lot, subsequently 1 lot each time.

By using MA crossover, i never told to forget what I have said in those first 23 pages of this thread, I am using all of them together.

Also when 3 Min TF is in sideways, 15 also in sideways, so do not trade at that time.
 

Subhadip

Well-Known Member
Also the the success in crossovers is Add when in winning position and trading tight on first entry
In my view , if any one wants to be winner, please have money first for all those adds,

If one can not add up the initial entry, he will not be successful- I am seriously telling it.

In winning trade one has to get much much more from it.
 

XRAY27

Well-Known Member
XRAY bro,
Aditya is a very successful trader (I think his whole family trades) so there must be something in this ema cross. Perhaps we need a couple of more rules, may be on the 3 min chart, we need a pivot for entry and may be we need a fresh pivot if price has gone below the emas (in this case, AP also ok) after making a pivot above and vice versa. ..not sure but there may be some rule that we can have, also if price has moved quite a bit already before crossing over we can skip that entry.
i used to trade a similar system as this :-

Crossovers are just indicators that bias is changing and be Alert ,Entry is only Triggered on Pivot Break (Mph/mpl) in direction of C/O.

Need to identify the sideways /range period as per price action only and avoid as at that time Pivot will break at the range only to trap traders trading crossovers...:D

Also the the success in crossovers is Add when in winning position and trading tight on first entry

Wisp and amandeep !!!

There are 4 properties for Ema and ma's ... they are best lag indicators and success with that is a question mark vis-a vis market edge...i don't know aditya or his family... what matters is what ever is the ema it is not a stand alone system, even with price action also we get delayed entries that is 100 % sure..

Any ways i don't understand this tendency of jumping from PA to EMA so stopping this discussion at this point.

Best of luck for learners :)
 

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