Pivot Trading- a new way of Trading

onequorauser

onequorauser

Well-Known Member
#2,911
#2,911
travi said:
Bhai, my 2 cents. This is a very great thread and a great technique.

I can understand if one is marking this on any Index Fut bcos many traders are compelled to only trade the indices and mark small moves.

The entire range from May 29-1 jun is within the VPH/VPL marked on may 29 itself.
Look at the chart period from May23-May29.

Do you see a difference?

if your just learning, its ok, but nevertheless this does injustice to this system. You can have a pool of stocks and scan them.

HH-HL (or LL-LH) applies to higher TF also, then it is respected in lower TF otherwise you will be whipsawed.

All traders make money in trending mkt, its the intelligent who preserve in sideways... the rest just give it back.
Click to expand...
Can you please elaborate this point? Are you saying that May 29th is the only vph and others should not have been marked as that?
The first one marked as vph on the left does have its subsequent mpls' taken out and similarly for others too
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