Pivot Trading- a new way of Trading

[vijkris]

Bad day today SL trigger

ignored yday range?

 

[anilnegi]

ignored yday range?

You mean for whole yesterday range or just afternoon range after 1 pm

 

[vijkris]

You mean for whole yesterday range or just afternoon range after 1 pm

sorry i meant after 1pm. anyway who am i to point the mistake,( my sl was also triggered at similar level:lol::lol::lol::lol
then i broke all rules and entered reverse trade and exited in panic also.

 

[vivektrader]

sorry i meant after 1pm. anyway who am i to point the mistake,( my sl was also triggered at similar level)
then i broke all rules and entered reverse trade and exited in panic also.

In 5 min chart, to me it looks like a breakout failure, just when a candle closed within the range (it broke) and its low was taken you will have to reverse your position and don't wait for stop loss to hit( this is what ST taught once)
Thanks
Regards

 

[vijkris]

You mean for whole yesterday range or just afternoon range after 1 pm

i was scared that subhadip sir wil scold, so did not post my trade.
thanks.

 

[Subhadip]

You mean for whole yesterday range or just afternoon range after 1 pm

i was scared that subhadip sir wil scold, so did not post my trade.
thanks.

Great job

Also to all, please look in the trend also.

In uptrend test everything. But in downtrend it is only short, short every pullback also.

Do not test anything in down trend.

 

[SevenD]

Great job

Also to all, please look in the trend also.

In uptrend test everything. But in downtrend it is only short, short every pullback also.

Do not test anything in down trend.

Dear Subhadip,
Could you please elaborate on your sentence marked in blue.

In uptrend test everything. But in downtrend it is only short, short every pullback also.

Do not test anything in down trend

Thanks

 

[Subhadip]

Dear Subhadip,
Could you please elaborate on your sentence marked in blue.

In uptrend test everything. But in downtrend it is only short, short every pullback also.

Do not test anything in down trend

Thanks

If you are testing any system or anything. Never test anything in downtrend.

Bear is bear only.

So no testing in down trend.

But in uptrend there will be sometime up, some time down to test and some time sideways.

Now u all know what 14 trading sessions took to go up in only 4 sessions all washed out.

That was my comment.

 

[SevenD]

If you are testing any system or anything. Never test anything in downtrend.

Bear is bear only.

So no testing in down trend.

But in uptrend there will be sometime up, some time down to test and some time sideways.

Now u all know what 14 trading sessions took to go up in only 4 sessions all washed out.

That was my comment.

Got That!!

Thank You

 

[Krishan86]

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.

Thanks Subhadip Sir,
This monster called "Sideways", i could never understand. Everyone says not to trade in sideways market for beginners, but i was always confused as how to identify sideways movement in live market(its easy to say it was a sideways market seeing EOD charts, even a kid can tell that, but when in live market its difficult to identify)This simple chart explains all. Thanks again