Pivot Trading- a new way of Trading

niftytaurus

Well-Known Member
Rules of Intraday Flow method: (IDF)

I have learned it from Saint sir, Kapil Sir, Pratap Sir & ST Sir,

IDF trades the minor trend in the direction of visual trend in 5 min chart.

5 min chart used for all index & scripts.

To understand the visual Pivot at 5 min TF, I look at PHs and PLs in 15 min chart. Every pivot in 15 min chart is a visual pivot in 5 min TF. From experience you can do it in 5 min chart itself.


Go long/short at Visual Pivots. Exit at minor pivot break. If 60 min clsoing at known support/ resistance also exit.

Adds on Minor pivots.

Opening trade:
If open in yesterday's range:- in Direction of Flow 30 enter on break of Yesterday's pivot. Against Direction of Flow 30 wait for a 5 min pivot above it or go long/ short above/ below the bar that gives a 15 min close above or below it.

Sideways: Nothing to do. Close outside bodies of sideways and then go long/ short above high/ below low of that bar.

Flags: nothing to do. Trade the Break out & Break down.

Profit booking: Support & Resistance.


Now yesterday Visual UP Condition:
1. Gap up above VPH; go long over mPH over 1st Bar.
2.Open/ Gaps down into range but above Visual ERL: Go long over mPH (When minor trend alligned MPH).
3. Opens/ Gaps down into range but below visual ERL: Go long above VPH; go short below VPL
4: Gaps down below VPL: short on a pivot below 1st Bar.


Now yesterday Visual Down:
1.Gaps down below VPL: Short below minor pivot below 1st Bar.
2.Opens/ gap up into range but below visual ERL: short after minor trend alligned to it.
3.Opens / Gaps up into range but above visual ERL:Go long above VPH: Go short below VPL
4. Gaps up above VPH: Long on a pivot; Short below pivot if 1st Bar moves into range

Visual Sideways Days:
1. open in range- go long avove VPH; go short below VPL
2. Gaps above VPH: long over minor pivot;
3. Gaps below VPL: Short below minor pivot.




i m mentioning those rules as old rules
 

NANDAMAD

Well-Known Member
May be this is bit off topic, Till I learnt about fractal
I was very confused about counting Elliot waves
but when rule of fractals are simple so now I am better
in counting the waves since most of waves turns with
fractal



There are simple to complex fractal and highest or lowest
levels make MPH or MPL... as far as I am concern
From wnere can I get to read / learn about fractals? please guide
 

NANDAMAD

Well-Known Member
Hope to learn and a bit if not much. Thanks for your effort
Hope this post does not create any controversies.

My view of trading,

Just one setup is more than sufficient to earn a hell lot of money with a great mind set up along with an excellent Money management skill.

But you have to be consistent.

Another point is: chart reading is easy, identification of trend is easy. The problem starts when market is in sideways. So do not know when to go long and when to go short.

Learn when NOT to trade.

That is enough for your life.
 

Subhadip

Well-Known Member
hi Shubhadeep bro
I have small confusion
in your starting posts you have mentioned rules for opening trade , if yday visualup/down..4 rules for 4 condition &
sometimes back you have post 2 chart if yday visual up/down ,in there visual up, 7 conditon & visual down 8 condition..
I have some confusion regardign those
1) In previous rules,
if yday visual up trend, & if market gap up above VPH, we go long over mph over 1 bar
but in new rules, it mentions if we gap above VPH , we long above mph
2)in previous rule, it mentions, if yday visual up & we opens/gap down into range but above erl, go long over mph
in new rules, it mentiones, short below mpl below erl
3)if yday visual up & we opens/gaps down into range but below erl, we go long above VPH & Go short below VPL
in new rules, it mentions,short below mpl..
4) if yday up, & we gap down below vpl, we short on a mpl below 1 bar
but in new rules, short below mpl..
& the same confuson for IF yday visual down trend rules..
I think both rules are right ..But what I am missing or both condition are different? I am really not getting it..please tell what i am missing in difference of those condition


I am mentioning both of earlier posts in coming post as I dotn know how to quote multi posts..
thanks
Post chart it will be easy to understand for yourself..
 

Subhadip

Well-Known Member
Another important Trick which I have not shared till now:

If you trade one script, you have to know 100 (just a number) tricks / setup/ methods to trade it successfully.

But if you trade / look into 100 (just a number- more is better) scripts, if you know one trick/ setup/ method it is sufficient.

Now it is your choice.

:thumb::clap::clapping:
 

amandeep86

Well-Known Member
Another important Trick which I have not shared till now:

If you trade one script, you have to know 100 (just a number) tricks / setup/ methods to trade it successfully.

But if you trade / look into 100 (just a number- more is better) scripts, if you know one trick/ setup/ method it is sufficient.

Now it is your choice.

:thumb::clap::clapping:
Da,

If we trade one trick/setup only on only NIFTY then ?:confused::confused:
 

niftytaurus

Well-Known Member
Another important Trick which I have not shared till now:

If you trade one script, you have to know 100 (just a number) tricks / setup/ methods to trade it successfully.

But if you trade / look into 100 (just a number- more is better) scripts, if you know one trick/ setup/ method it is sufficient.

Now it is your choice.

:thumb::clap::clapping:
shubhadeep Bro
What is that ONE TRICK which we can use on 100 scrips?
thanks
 

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