Thoughts on Day/Swing Trading

[looser]

Dear ST,
Am trying to learn from your thread. I am attaching the same chart which you have posted, in which I have made a seperate PH (previous day). Does it signify a downtrend? Pl correct me if I am wrong. Also did the mkts not go down much from my Ph because it was almost end of trade for the day. Kindly clarify my doubt.
Regards

bro as far as i understand this system, we r in a range as far as the period marked by u is concerned. Plz note that the trades are taken in the direction of the higher TF and we must avoid trading in prev afternoon range.

The area u have chosen the trend is not up or down as higher PH/PL or Lower PH/PL are missing.

In uptrend its important to have higher PL and in downtrend its important to have lower PH

 

[looser]

Dear Unidentified,
The PH you marked is actually not PH , PH should have higher low to the previous bar where as your indicated PH has lower low as compared to previous bar, it should not be considered as PH.


Waiting for ST kind comment.

Bro thats a pivot high for sure but the trend is not up as this PH is lower than the previous PH. You are always going to have pivots weather higher or lower than the previous one

 

[undefined]

I thought A Pivot High is where the middle bar is higher than the two bars to either side of it. Is that not the case?
Regards

 

[undefined]

bro as far as i understand this system, we r in a range as far as the period marked by u is concerned. Plz note that the trades are taken in the direction of the higher TF and we must avoid trading in prev afternoon range.

The area u have chosen the trend is not up or down as higher PH/PL or Lower PH/PL are missing.

In uptrend its important to have higher PL and in downtrend its important to have lower PH

Hi,
If you see ST's last post here he is talking about a pivot high and -4 bars and +4 bars. Though I understand that the technique is about trend reversal to downside but could it not be from an immediate consolidation or range movement which could have been preceeded by an uptrend. Just trying to understand. Kindly clarify.
Regards

 

[Smart_trade]

Dear ST,
Am trying to learn from your thread. I am attaching the same chart which you have posted, in which I have made a seperate PH (previous day). Does it signify a downtrend? Pl correct me if I am wrong. Also did the mkts not go down much from my Ph because it was almost end of trade for the day. Kindly clarify my doubt.
Regards

This technique identifies a trend reversal , so there has to be a trend in the first place. In case of reversal from uptrend to downtrend,we have to apply this technique to the highest pivot high in the uptrending move and not to any pivot high. It is my experience that either highest PH or the immediate secondary lower PH qualifies for application of this technique. But it should not be applied to further lower PHs.

This is a technique which is not to be used as a stand alone system. It is a confirmatory technique for reversal indicated by other methods.

Smart_trade

 

[Smart_trade]

I thought A Pivot High is where the middle bar is higher than the two bars to either side of it. Is that not the case?
Regards

Correct....in the PH marked on my chart , the middle bar has higher high than bar preceeding and succeeding it.

ST

 

[Raghavacc]

Application of new technique learnt from the master....

 

[Smart_trade]

Application of new technique learnt from the master....

Raghav,

Kindly observe that when we get a gap between the Pivot low which is broken and the rally Pivot high, we also get a oscillator OS reading and oscillator staying in OB zone for more than 5 bars and oscillator also speaks of a
accelerated down move likely to follow.....

Smart_trade

 

[Raghavacc]

Raghav,

Kindly observe that when we get a gap between the Pivot low wich is broken and the rally Pivot high, we also get a oscillator OB reading and oscillator staying in OB zone for more than 5 bars and oscillator also speaks of a
accelerated down move likely to follow.....

Smart_trade

ST Bro...What a gem of a thread this one is.

Coming back to the above post ,I Beg your pardon...I think what you meant was OS instead of OB?

I feel for a down move it should be OS>5 Bars .For upmove it should be OB>5 Bars.Or do I miss something?

 

[Smart_trade]

ST Bro...What a gem of a thread this one is.

Coming back to the above post ,I Beg your pardon...I think what you meant was OS instead of OB?

I feel for a down move it should be OS>5 Bars .For upmove it should be OB>5 Bars.Or do I miss something?

Yes you are right...it is a typo...should read as OS ...corrected in original post so that the new readers will not get confused.

ST