Pivot Trading- a new way of Trading

[vishnu_1990v]

Subhadip da,
Please check this chart entry add and exit are ok.

vishnu_1990v

 

[SaravananKS]

How to Identify Sideways?

 

[manojborle]

This is how I identify sideways.

 

[mohan.sic]

This is how I identify sideways.

why that point confirms sideways.

 

[manojborle]

why that point confirms sideways.

Because the 4th pivot gets confirmed there.

 

[nifty trade]

Because the 4th pivot gets confirmed there.

Could you please be more specific and detailed in your approach in defining sideways

 

[manojborle]

Could you please be more specific and detailed in your approach in defining sideways

In chart, you can see 2 circles those are the pivots formed in downtrend on 3 min. Now inside these 2 pivots when 4 pivots are formed that confirms Sideways for me. That's it nothing complicated, keeping it Simple n stupid way.

 

[wisp]

Could you please be more specific and detailed in your approach in defining sideways

Here's my simple way of looking at it..

Please look at this chart

Visual Trend is already UP with many VPHs and VPLs already there (not visible in image)
Now a new VPH and VPL form, let's call this VPH1 and VPL1
At Point A, the expectation is that When mph at A breaks, the UP trend will continue and VPH1 will be taken out.
However, that does not happen and a new VPH2 is made below VPH1
...

At this point (when VPH2 is confirmed), we are in sideways trend.

To make it simpler, higher VPH and higher VPL make uptrend
Lower VPH and Lower VPL form downtrend
Any other combination (e.g. higher VPH lower VPL, lower VPH and higher VPL etc.) are sideways trend.

 

[manojborle]

Here's my simple way of looking at it..

Please look at this chart

Visual Trend is already UP with many VPHs and VPLs already there (not visible in image)
Now a new VPH and VPL form, let's call this VPH1 and VPL1
At Point A, the expectation is that When mph at A breaks, the UP trend will continue and VPH1 will be taken out.
However, that does not happen and a new VPH2 is made below VPH1
...

At this point (when VPH2 is confirmed), we are in sideways trend.

To make it simpler, higher VPH and higher VPL make uptrend
Lower VPH and Lower VPL form downtrend
Any other combination (e.g. higher VPH lower VPL, lower VPH and higher VPL etc.) are sideways trend.

When will u confirm VPL1 is formed ?

 

[wisp]

When will u confirm VPL1 is formed ?

When price crosses back over minor erl,