General Trading Chat

wisp

Well-Known Member
Possibility of further down move was negated by breakdown failure on larger timeframe pivot low. This indicated that the down move is over atleast for the day.

ST
ST Da,
3 min pin bar high was at 7896.9
15 was at 7912

would you look for larger timeframe pivot breakdown failure on 3 min bar(2.51 pin bar) or in 15 min bar (3pm )?
 
ST Da,
3 min pin bar high was at 7896.9
15 was at 7912

would you look for larger timeframe pivot breakdown failure on 3 min bar(2.51 pin bar) or in 15 min bar (3pm )?
After breaking such long term pivot low,,the market should have not comeback above the PL. So above 7900 it was indicating a PL breakdown failure.Today it did not workout,we will try again tomorrow.

ST
 
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vivektrader

In persuit of financial independence.
However day trade entered at24
I think more experienced would have entered below xx35, coz there was rejection over this range, also it was second entry.
Honestly speaking I missed the move due to some other engagement, but would have entered where you pointed out.

Regards
Vivek
 
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