My earlier same thread deleted some unknown reason.

I recieved many PM's by newbies about that thread which link still there in my

signature (which I not noticed) .Though same related thread is there of Subhdip here...still I sharing my way of trades as am trading
this simple way since long time now....
My only intention for start this thread that it may help some newbies to start trading in profitable and confidence way .....If this thread

helps any new trader am satisfied....

My trading based pivot method ...so need simple chart is must for trading....
Though many variables are there in this method but I am sharing the simple way...one can trade this method 1-2 years then you start
yourself to tweak what the best needed as per your personality and your experience trading this method....its comes automaticly with you
as you trading this method day by day ....

This method only helps newbies as advanced traders get bored from this method as they allready applyed many new tweaks in this

method

Price action trading basicly trend trading ...we use pivots for find trends ...many threads allready in traderji explaining it various ways ..so I

not go much specificly ...will explain only what we need for our trade.

New traders had always confussed in identifying pivots me too in my earlier days ....Most important thing to know in PA trading is find
correct pivots in our chart ....its most basic thing...Once you perfected pivot thing then am sure you never see any difficulties moving on....
There are different type of pivots which are identified differently ...we always miss and confuse one say thats pivot other one say thats not

a pivot Here everyone is right in his thinking...but newbies are confuse when in live chart ...In live many start to confussing about
pivot ...so they start wandering all arround .....
Rally/Decline

Rally & Decline are the start of learning in chart for PA trading...its nothing
Price started to move up -Rally
Price started to move Down-Decline

How we see it in chart...

Its one bar we cant say its Rally or decline....

Here two bars ...last bar is higher high & higher low than first bar .....we can say its Rally
Here again two bars ,,,,last bar is lower high & lower low than first bar .....we can say its Decline
Here too two bars ...but what's this ?Its only a pause non trending
(Though we can find trend in every bar too looking its open and close)...
But we not need it here

Identifying Pivot

We must need clear cut way to find a pivot....so here its my way to identify pivot...
Rally started...when 3rd bar crosses high of 2nd bar ....now 1st bar low is pivot
we can call it as Minor pivot low
Decline started...when 3rd bar crosses low of 2nd bar ....now 1st bar high is pivot
we can call it as Minor pivot High
Using this simple rule any one can identify pivots on any timeframe charts .If you not then please tell me why not?

Simply in charts every connecting point between rally and decline is minor pivot....
if one minor pivot breaks connecting point between those pivots also a pivot

Live Crude chart....

May be in marked area you had doubt....
So for identify pivots you must start marking pivots in charts....If you want to identify pivots in every chart without any doubt then you
need to go through hundreds of charts in off and live ....depends upon your screen time .....but if you want to succeed then you must do

this hard work

Please NOTE....we use these pivots mostly for our trade entries and stops even in next step to find visual pivots and visual trends ...so this
is backbone of this /any method ....

Some confussed pivots ...but rule is same ...no confussions

There is one more pivot called aggressive pivot.We not use it always but using in some scenerios for entry & stops.nothing special in

it.simple ....but you not apply this everywhere in charts which again start to spoil your method ...USE IT WHERE IT NEEDED ( Will
explain it later where I use it in trading)

In rally price making a pause and continue to move higher then low of a pause bar called aggressive pivot
In decline price making a pause and continue to move lower then high of a pause bar called aggressive pivot
Its better that pause bar will close opposite of rally/decline...though I only use this kind aggressive pivots
Hi VJAY,

Please check the query on the chart?

No augu bhai ...we need to bo here...though many advance traders take it as pvt...I not take it
I always tryed to keep simple in my definitions...

----------------
So if we have a possible pivot low bar then first we need one higher high and higher low bar it may be by after any number of bars

without going new lows ...then that HH-HL bar breaks up that possible pivot low is now real mPL
Vice versa for mPH...hope you got my point
Okey...now we go forward....How to find Visual pivots?We need visual pivots to find the trend ....

If after an mPL one higher mPH prints then that mPH breaks out lowest mPL becomes VPL
If after an mPH one lower mPL prints then that mPL breaks down highest mPH becomes VPH

confussed .... ...yes in words we always get confussed !!!!but in picture we get the point...
Confussed VP's...
Here we got HH-HL mp's / LH-LL mp's ...but not VP's

For VP we must take out higher mph/Lower mpl

Hope I not confussed to you all ......

After print of VPL now if any bar breaks down last made mPL then current high becomes VPH
After print of VPH now if any bar breaks down last made mPH then current high becomes VPL
Why need this VP's?
Okey We trade trend...so we need identification of trend...so we use these VP's for market trend..How?
As you now know whats this VP's ...now need to look where it happens ?
If we get Higher VPL & Higher VPH its UPTREND
If we get Lower VPL & Lower VPH its DOWNTREND
Its basic thing of UT & DT

Now we know minor pivots ,aggressive pivots,visual pivots and when can we call uptrend and downtrend......not ?then please again study
what I posted and try to mark these things in your charts...not in one chart go numbers of charts upto you confidence to find these pivots
and trends without any doubt ...like this one

Sorry avoid last blue arrow ..

Early Reversal Line -ERL
Whats this?
This is a line we draw at body high/low (VPH/VPL)when price go abv any VP and close some distance from that VP .(note there must be a

trend before)...This line will help us to early reversal area when trend is not ready to go.....:confuse:
Advanced traders draw ERL's every where from agg pvt to major pivots and take actions based those ERL's in trading .....also they use
many upgradation of Visual pivots for early entry ,sl,tsl etc...We here not look advanced parts and stick to basic VP's and ERL's on VP's
only.Going forward in future will introduce one more DVERL(Diagnol Visual Earlier Reversal Line) as this is one of good tool in some
cases....but not now... when I see it in live will explain it in live ...so don't confuse all ...you just need above visual ERL's for our trades as of
now ....
One more thing which we can use in trading that Failures and Rejections of price at visual pivots ...as you start trading this method you
will get hold on that ....mostly its gives us a good trading setups....

Now how you trade market using these simple minor pivots,visual pivots,trends.ERL's?
We learnt UT is when we see higher high visual pivot high and higher low visual pivot lows,DT is when we see lower low pivot high and
lower low pivots lows
..in between areas we see as sideways .....
So in UT we look for go longs using minor pivots
in DT we look for go shorts using minor pivots

So if we in DT price reverse where we look for longs .....

1.pivot above ERL (though its not end of DT trend,but we try for early reversal)
2.Pivot above VPH -yes we we get pivot above VPH and break of that pivot means UT started
Here we not go long above VPH directly...Why? when breakout of VPH means DT in question ...we need proper set up to @ least a trend
start...For confirmed trend you allready know that we need HH VPH and HL VPL...here only have a VPL & VPH nothing,,,

Hope I explained it correctly ...otherwise you will get in chart what I tryed to explain
How we start the day?......................................
Vis UT yesterday afternoon then

1.Gap into range but above ERL

2.Gap above VPH
3.gap in to range and comes above yday high
4.gap beyond VPL
5.gap into range below ERL
6.gap beyond VPL and back into def area(ERL area)
7.gap beyond VPL and goes stright back to above VPH

Just some changes for if DT yesterday afternoon...

1.If gap below VPL then short 1st bar if its bearish or wait for minor pivot for short
2.gap into def area(erl area) ----Visual PH required for long or it has to come
back below VPL and trade back into def area then that pvt in def area can used

ALSO IF GAP INTO RANGE THEN WE NEVER GO LONG/SHORT DIRECTLY @ VP'S

Some other rules can use in trading....

1.When in big gaps/vertical moves can trade bothways on minor pivots upto price stabilise
2.Be carefull in sideways and not try to draw erls and get caught in whips

3.After a big fall/vertical move price most of times go to sideways infront of that big fall...so be carefull ....yuou will play ping pong
4.one can book profit if failures see at previous VPH/VPL,failures @ major SUP/RES areas,Hammers @ key areas...
Not coming all into my mind at now ...will give if any comes into my mind later

Now this is the chart for tommorrow....

Now today before market open we need to finish all our study/plans (if any) ,draw major/key areas as SUP/RES and think where might our
entries coming etc....once market started we must go as mechanical ...nothing to rethink just do what we follow ...no research ,no if's....all
the study of todays trades and wrongs/rights all after market only.....
You can trade this method in any time frame...3/5/15/30/60/d etc.....I here going with 5tf
Need to go out after 10 .....
Now today opened above VPH so DT in question....

Now 1st bar closed above some distance from VPH..our ERL line active ...though ERL line and VPL not giving much opportunity
I giving this commentry for understand it what I given in this thread ...
Now printed mPH above VPH...means we go long there ...our order placed ...
Here yesterdays high looking as RES(just for learning purpose )
Once mPH b/o its start of UT......as we learnt it earlier

How mechanicly we doing these markings.........

we got another lower mPH ..One can modify our entry above it...or stay with earlier...as this one like aggressive entry as we cant say its UT
...UT start only after b/o of HOD

If we allready in UT then can take trade above this current mPH ...So its upto you take OR not
Whats here going on ?mp's inside mp's ...tight range
So we just following what learnt with peacefull mind ....nothing to look arround ...we take trades which market gives ...we have SL so we
manage our position size in entry...no need to panic etc in any type of market...stay calm ...

So our long triggered sl below recent mPL...aggressive traders entered a little bit earlier though
Now I move my TSL to big volume WRB bar low ...as its WRB and high volumes bar...

Hope in future some newbies get some learnings from my this thread when they visit this thread...

Have to go out ...My self in this trade and will watch it from my mobile
Now I think many confused about my TSL!!!!!!
WRB is always clear trend bar...we need to know if that WRB breaks opposit means trend is so weak...I trail my SL when WRB comes in
trend ...first move sl to below WRB and if any type pivot appears below 50% of WRB bar also move SL below it ....You can also backtest
this thing to use it as your rule too...as Intraday trades we need to exit if trend looks weaken....
Now trend looks like this...we got higher VPH and higher VPL...so Uptrend
Question: Should we take PDH, PDL into consideration at all while taking entries, i.e., if we get a mph above VPH break, but PDH is just a few points above?
How do you handle this?

Answer: Yes ..you can take it ..but you need to make rules too...that will come only when you trade your method and look/observe what
happens in that ranges....
I too use it now days but for exits /move tsl...yesterday TSL is with 2 reason we got pivot (though our rulewise its not)below 50% WRB and
it also below PDH as rejection...even you can take trades in sideways using failure at those levels
But better develop it your own by observing those levels which I reco to all ...

One more thing is that if you are multi lot trader then these ranges are good place for partial booking profit

_________________

ERL active...
BNF 30 swing
Success full trading always Boring...its no have thrill and excitement
Sir do you add filter to entry ? if yes how much for nifty

Regarding filter....here i take 2 point filter (from rounded low) Why?see that full bodied bullish bar before mpL its looks like some inside
pivot though its not ...still I try to put my sl below it so take 2 point SL here ....From here you go trading this method your self understand
and hold about your filters....
Inside mp's ...tight range,, TSL moved
wisp said:
VJAY bro,
Now on the left side we have March 24th High which I think is a strong resistance (please correct me), do you adjust TSL here?

we can use that level as its looks like major Res area...here no as we have allready HOD level near by that level bo is strong too so will wait
with patience for new TSL
Why ST da telling NF is not giving trading opportunities these days ...look its hrly chart ...after gap/dn market stayes in range ...

one lot trader will feeling bored and also not getting much profits ...but multi trader might make some with part profit booking
Moved tsl
Again inside mp's ...tight range..moved tsl
Tsl hit
VPH
What is DVERL(diagnol eraly reversal line)?
Look this current chart...I marked pink line connecting 2 VPH's ....here note these line shuold be below 45 degree then only can say
DVERL....here if price close abv DVERL then get pvt blw DVERL then we take short trade @ that mPL ....even one can trade failures on
these DVERL...but backtest it for your comforatble trades ....
https://www.traderji.com/community/threads/learn-how-to-fish.104340/page-13