Pivot Trading- a new way of Trading

[niftytaurus]

Dear Shubhadeep Bro
I have read your double your money in 40 trades..its really great ! which grows confidence & motivation to trade sucessfully..& it gives a faith, that its possible.
I have some queries about exit & MM plan
1) What's the minimum Risk per trade?
2) whats the minimum reward for exit?or if we TSL,should we book partial? or is it all-in & all out?
3)what should be our success rate?, or whats the minimum reward trade only should we take ? I am asking as my setup gives 70-75% success rate..but I dont know which trade gives 1:1, or 1:2 or more..so how we manage our Exit?
As if i take 1:1 reward, My Succeess rate is good..But if I ask 1:2 reward..may be some trade goes till 1:1.5 or less & hits stop? so even I am Right, I can be in a loss..
Or if I exit at 1:1 ,then I missed the trades which give very high r:r, but very few trades in a month
4) for doubling your money , do you add? or Do you compound your money? or risk is same ..as always 2% of capital..so that 2% is on original capital or you take more risk when capital increase?
I am still bother about my exits..please If you can suggest something?
Thanks

 

[SevenD]

Dear Subhadip,

Todays crude trade, 3m TF.

Thanks

 

[vijkris]

Dear Shubhadeep Bro

As if i take 1:1 reward, My Succeess rate is good..But if I ask 1:2 reward..may be some trade goes till 1:1.5 or less & hits stop? so even I am Right, I can be in a loss..
Or if I exit at 1:1 ,then I missed the trades which give very high r:r, but very few trades in a month

Thanks

hi, sorry for answering b4 subhadip sir,
I think since ur success rate is good, as soon as u cross 1:1, u can move sl to breakeven, and wait for higher reward.
thanks

 

[Subhadip]

Dear Subhadip,

Todays crude trade, 3m TF.

Thanks

:clap::thumb::clapping::clapping:

 

[Subhadip]

Dear Shubhadeep Bro
I have read your double your money in 40 trades..its really great ! which grows confidence & motivation to trade sucessfully..& it gives a faith, that its possible.
I have some queries about exit & MM plan
1) What's the minimum Risk per trade?
2) whats the minimum reward for exit?or if we TSL,should we book partial? or is it all-in & all out?
3)what should be our success rate?, or whats the minimum reward trade only should we take ? I am asking as my setup gives 70-75% success rate..but I dont know which trade gives 1:1, or 1:2 or more..so how we manage our Exit?
As if i take 1:1 reward, My Succeess rate is good..But if I ask 1:2 reward..may be some trade goes till 1:1.5 or less & hits stop? so even I am Right, I can be in a loss..
Or if I exit at 1:1 ,then I missed the trades which give very high r:r, but very few trades in a month
4) for doubling your money , do you add? or Do you compound your money? or risk is same ..as always 2% of capital..so that 2% is on original capital or you take more risk when capital increase?
I am still bother about my exits..please If you can suggest something?
Thanks

Give me some time, will answer tonight.

 

[niftytaurus]

Hi Shubhadeep Bro
I have visit this thread thread after a long time..Now I have seen a new methode taught by you..it was intresting , so I read it every post of it & try to understand it..
I start experimenting it..
I am posting a 15min /3 min chart of BNF-8dec
http://imgur.com/a/B1gZa

Can we enter only On Visual Pivot break..Or Can we enter on minor pivot break, what i try to do in my chart..as here if I enter on visual pivot low, a big part of move would have been gone..
thanks

 

[vishnu_1990v]

Subhadip Da,
Please reply on long entry confused.
Long entries looking at 15min and 3min chart.


15min chart

3min chart

vishnu_1990v

Subhadip Da,
On the above situation if it is not on yesterday's afternoon range and if it was on normal day.
How to trade ?
Please reply.
vishnu_1990v

 

[Subhadip]

Subhadip Da,
On the above situation if it is not on yesterday's afternoon range and if it was on normal day.
How to trade ?
Please reply.
vishnu_1990v

I will wait for 15 min price to be above both MA first, may be later entry, no problem,
stick with the method.

 

[Subhadip]

Hi Shubhadeep Bro
I have visit this thread thread after a long time..Now I have seen a new method taught by you..it was interesting , so I read it every post of it & try to understand it..
I start experimenting it..
I am posting a 15min /3 min chart of BNF-8dec
http://imgur.com/a/B1gZa

Can we enter only On Visual Pivot break..Or Can we enter on minor pivot break, what i try to do in my chart..as here if I enter on visual pivot low, a big part of move would have been gone..
thanks

It will be more helpful if you give me the chart in a clear picture, not readable.

 

[Subhadip]

Dear Shubhadeep Bro
I have read your double your money in 40 trades..its really great ! which grows confidence & motivation to trade sucessfully..& it gives a faith, that its possible.
I have some queries about exit & MM plan
1) What's the minimum Risk per trade?
2) whats the minimum reward for exit?or if we TSL,should we book partial? or is it all-in & all out?
3)what should be our success rate?, or whats the minimum reward trade only should we take ? I am asking as my setup gives 70-75% success rate..but I dont know which trade gives 1:1, or 1:2 or more..so how we manage our Exit?
As if i take 1:1 reward, My Succeess rate is good..But if I ask 1:2 reward..may be some trade goes till 1:1.5 or less & hits stop? so even I am Right, I can be in a loss..
Or if I exit at 1:1 ,then I missed the trades which give very high r:r, but very few trades in a month
4) for doubling your money , do you add? or Do you compound your money? or risk is same ..as always 2% of capital..so that 2% is on original capital or you take more risk when capital increase?
I am still bother about my exits..please If you can suggest something?
Thanks

Thanks for the nice words my dear friend.

Now answer of your questions:
1. Minimum & maximum risk is around 2 % per trade, if not told otherwise.
Some time , I do use double my lot size, in case of BO failure (most of the time) & BD Failure(rarely).

2. use it as SL method, and always do add for gaining maximum out of it. (Do not believe in Reward method)- always have a exit plan though.

3. Success rate is 50% is more than sufficient.

4. 40 trade is a scientific method, use excel, you will love it after knowing it,

Add is to be always for getting more out of the trade ( successful trade).


For exit, use Pivot low break in case of Long & reverse.

You can exit in Big round number / more significant number of the script you use.

Or if you are using this MA method, use two bar back SL method of the Rally/ decline respectively.