There are only 2 ways to trade Such Days-
1)Trade VWAP/AMA/ADN
ie.,
Play Boundaries
or
2)
Remain SOH
If someone trading Pivot today and getting stopped out and thus blamming like Pivot not working,then they dunno what they are doing.
We have to identify whether the market is in a trend mode or range mode.And if we could figure out that then any Tukka Entry also will make us money.(because Tukka Entry wont be anymore Tukka Entry)
Some friends here who are struggling with pivots method should try getting their hands over VWAP or Market Profile concept.
Why?
1)Because market remain in range 80% and only 20% trend plays.Many people lose the big chunk in range market and when a strong trend setup begins they dont dare to pull a trigger and blame like Pivot Not Working
2)
VWAP/MP like concepts gives us the opening idea that where the market is likely going..
Everyday is not a Pivot Day,it could be a range day.ST dada also said ki consider every day as a range day and see how its reacting to those levels and then take a trade accordingly.
and yes,Pivots do work,but only in trending market.
And VWAP like concepts serves better for range market.
Happy Weekend on a Happy Note.