Pivot Trading- a new way of Trading

[Hugh Jackman]

my view..
1.B low broken dicline confirms
2.C low breaks dicline confirms
3.C low breaks dicline confirms
4.B low breaks dicline confirms
5.D low breaks dicline confirms
6.D low breaks dicline confirms
When decline confirms previous high must be mPH

I agree with VJAY in all the cases except
in case 3: IMO it is low of B that confirms the decline.
in case 4: low of A confirms the decline as it broke two lows simultaneously.
in case 6: low of A confirms the decline as it broke two lows simultaneously.

Correct me if I am wrong.

 

[vagar11]

Decline requires lower high (imp) and lower low.
1. B
2. C
3. C (some will say B but i think bar A did not made a lower high)
4. A (breaking the low of previous 2 green bars)
5. D
6. A (breaking the low of previous 2 green bars - if this condition is wrong then D is the answer. B and C are just inside bars)

 

[singsanjay09]

Dear Subhadip,

I am attaching a chart with 6 scenarios. Please explain in each ease where is the actual decline confirmed and when it is confirmed which bar becomes mph.

thnks

My view.........

1. Decline started When bar A low cracked.
2. -do- -do- bar B low cracked.
3. -do- -do- bar A low cracked.
4. -do- -do- bar A low cracked.
5.When bar C low cracked.
6. Decline not started yet.

 

[chavanms]

Dear Subhadip,



I am attaching a chart with 6 scenarios. Please explain in each ease where is the actual decline confirmed and when it is confirmed which bar becomes mph.



thnks

Dear sir,

Decline started - decline confirm

1. A-B
2. B-C
3. B-C
4.A-B
5.C-D
6.A-D

Subhadip please check and confirm

Regards

Mukesh



Sent from my iPhone using Tapatalk

 

[Subhadip]

Dear Subhadip,

I am attaching a chart with 6 scenarios. Please explain in each ease where is the actual decline confirmed and when it is confirmed which bar becomes mph.

thnks

my view..
1.B low broken dicline confirms
2.C low breaks dicline confirms
3.C low breaks dicline confirms
4.B low breaks dicline confirms
5.D low breaks dicline confirms
6.D low breaks dicline confirms
When decline confirms previous high must be mPH

Thanks Vijay for answering.

 

[wisp]

Dear Subhadip,

I am attaching a chart with 6 scenarios. Please explain in each ease where is the actual decline confirmed and when it is confirmed which bar becomes mph.

thnks

1) break of low of A-1 starts decline, break of low of A confirms decline
2) break of low of A starts decline, break of low of B confirms decline
3) break of low of A-1 starts decline, break of low of A confirms decline
4) break of low of A-1 starts decline, break of low A confirms decline
5) break of low of B starts decline, break of low of C confirms decline
6) break of low of A-1 starts decline, break of low of A confirms decline. C took out high of B but did not make higher low so the move BC not significant

 

[Subhadip]

I agree with VJAY in all the cases except
in case 3: IMO it is low of B that confirms the decline.
in case 4: low of A confirms the decline as it broke two lows simultaneously.
in case 6: low of A confirms the decline as it broke two lows simultaneously.

Correct me if I am wrong.

In 3:A is outside bar.

In 4:does not matter, still low of B to be broken

In 6: same as 3, B, C inside bar.

 

[Subhadip]

Ok. So still confusion in Rally and decline.

 

[vagar11]

Thanks Vijay for answering.

Few doubts
1. How come C confirms the decline?
As per me, A breaks the low of green and B breaks the low of A.
Two consecutive break of lows. So, decline confirmed at B.

2. C
3. C
4. B
5. D
6. D

I have another question on 4. Let's say Bar A is very big and breaks the low of previous 4 green bars. Do we still wait for the break of low of bar A for the confirmation of decline?

 

[suri112000]

Dear Subhadip,

Since you have acknowledged VJAY's reply as authenticated, I am attaching a chart showing where decline is confirmed by drawing a rose coloured line.

As per the replies, only 1 and 4 have confirmed declines and remaining all are yet to confirm their declines.

But, there is some violation of one important rule in case of 4, 5, 6 scenarios which I have pointed out on the chart itself.

Need your clarification about that.