Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
Raj
How about using the Support, resistance and Pivot levels to fine tune the trading?
We could use the signal in conjunction with pivots...
if the signal is buy, then buying near the support might be more fruitful instead of buying at the open
The formulas are
where 1,2, 3 are Support1, Support2 and Support3 and resp for Resistance
the rest is
PP - Pivot point, L- Low, H- High, C-Close of previous days.
first calculate the pivot and then get the other points
R3 = H + 2 * ( PP L )
R2 = PP + ( H L ) or PP + ( R1 S1 )
R1 = ( PP * 2 ) L
Pivot Point (PP) = ( H + L + C ) / 3
S1 = ( PP * 2 ) - H
S2 = PP ( H L ) or PP ( R1 S1 )
S3 = L { 2 * ( H PP )
Raj
How about using the Support, resistance and Pivot levels to fine tune the trading?
We could use the signal in conjunction with pivots...
if the signal is buy, then buying near the support might be more fruitful instead of buying at the open
The formulas are
where 1,2, 3 are Support1, Support2 and Support3 and resp for Resistance
the rest is
PP - Pivot point, L- Low, H- High, C-Close of previous days.
first calculate the pivot and then get the other points
R3 = H + 2 * ( PP L )
R2 = PP + ( H L ) or PP + ( R1 S1 )
R1 = ( PP * 2 ) L
Pivot Point (PP) = ( H + L + C ) / 3
S1 = ( PP * 2 ) - H
S2 = PP ( H L ) or PP ( R1 S1 )
S3 = L { 2 * ( H PP )
