Day Trading Futures

[XRAY27]

NIFTY TRADING TODAY IS BORING

 

[kiran_thiru]

one basic question from learner to seniors. (not shame that i didn't know even google search)

what is means pivot candle?
and what are the qualities for good pivot?
how can we identify best pivot?

 

[cloudTrader]

I have never tried josh utility can you send me the link where I can try? How much does it cost? The cost is not for 5 scrips only 5 scrips simultaneously I can get data for all scrips that I need.

Please provide details to get trial on Josh utility. So that I can have a look at that.

Tracer Bullet utility is very smooth and does not take too many resources of the system. The refresh rate of quotes is quite fast as it does not take support of excel. I have used both Josh1 & Trace Bullet utilities , so can say that if you want a smoother experience go for TB utility. Configuration might take some time but then it will be all charm...

Main problem lies with Backfill , as for that you will have to get into practice of the process to be followed. If you can do that then quite handy utilities they are.

But as Manishchan pointed out that if you want click & start kind of process then Neo Trade Analytics will be good.

Happy Trading !! :thumb:

 

[manishchan]

one basic question from learner to seniors. (not shame that i didn't know even google search)

what is means pivot candle?
and what are the qualities for good pivot?
how can we identify best pivot?

Kiran brother.. no shame in asking something dt one doesn't know !! Always ask no matter how silly it might feel I do dt too.. and everyone should do

I'm not senior but here is what it means :

Pivot is basically a peak point.... like a mountain.. or imagine ur middle finger top in ur palm. with left of it having lower highs.. and right of it having higher lows. so the top of mid fingre is pivot.

same way... in the chart.. point where Higher Lows and Lower highs meet would be pivot. Now pivot in one TF not necesarily will be the same in other TF. In the basics thread there are many examples wid the chart given... you might want to go through them in ur free time.

 

[timepass]

Small profits today..

Yesterday, it helped to stop after small losses.. maybe today I should stop trading... (maybe not )

 

[LivetoTrade]

one basic question from learner to seniors. (not shame that i didn't know even google search)

what is means pivot candle?
and what are the qualities for good pivot?
how can we identify best pivot?

http://www.investopedia.com/terms/p/pivotpoint.asp

 

[timepass]

plz don't take it against u... but i see dt u just say dt stock XYZ will reach 123 level and later reply to ur own post saying it has reached 123 !! yeppe .. happy etc.. then I have no idea what exactly dtz suppose to mean.. ?

If it was posted wid chart or at least a reason for dt level, it would make sense to all trying to learn trading.. isn't it ?

so my request is either post the reason for levels at least if cn't post chart.. or don't post the levels at all !

(again not labeling u tips provider just thinking out loud for the sake of this thread. so plz dnt take otherwise)

You know, rajgreenpeace (OMSAI) never posted his charts, but most of his calls were spot on. The same with our member anup. A lot of traders would instinctively know the levels (based on tons of previous experience and study).

 

[umesh12]

plz don't take it against u... but i see dt u just say dt stock XYZ will reach 123 level and later reply to ur own post saying it has reached 123 !! yeppe .. happy etc.. then I have no idea what exactly dtz suppose to mean.. ?

If it was posted wid chart or at least a reason for dt level, it would make sense to all trying to learn trading.. isn't it ?

so my request is either post the reason for levels at least if cn't post chart.. or don't post the levels at all !

(again not labeling u tips provider just thinking out loud for the sake of this thread. so plz dnt take otherwise)

Right, you are
As already said in my previous post
I neither have time nor willingness to post charts
I will choose this way, not to post levels at all, here.

 

[kiran_thiru]

Kiran brother.. no shame in asking something dt one doesn't know !! Always ask no matter how silly it might feel I do dt too.. and everyone should do

I'm not senior but here is what it means :

Pivot is basically a peak point.... like a mountain.. or imagine ur middle finger top in ur palm. with left of it having lower highs.. and right of it having higher lows. so the top of mid fingre is pivot.

same way... in the chart.. point where Higher Lows and Lower highs meet would be pivot. Now pivot in one TF not necesarily will be the same in other TF. In the basics thread there are many examples wid the chart given... you might want to go through them in ur free time.

thanks brother. it is very easy to understand with visual than words. sure i will go to basics thread and try to get some knowledge about that after market hours. thanks for your help. i will get in touch with you if i got an doubt.
:thumb::thumb::thumb:

 

[XRAY27]

one basic question from learner to seniors. (not shame that i didn't know even google search)

what is means pivot candle?
and what are the qualities for good pivot?
how can we identify best pivot?

Kiran bhai !!!

Hope this image is useful to you !!! this is start for price action and they are many things to learn