Long or Short Opinion

[simple_trader]

NF over all it is looking ok. However 5120-30 NF band is a resistance today, in case we manage to breakout this range, then 5180 NF would come today.

Bear logic is since it is Friday, we may have some profit booking. Technically it seems that we can possible go up .

 

[simple_trader]

Have a look at following chart. I do not have a good charting software

It seems to be a positive divergence! Let's see how it behaves in coming days.

Also being a trader, we have to give equal importance to pattern failure.

This seems to be working well. DLF seems to be making weekly green candle.



Happy trading.

 

[simple_trader]

NF over all it is looking ok. However 5120-30 NF band is a resistance today, in case we manage to breakout this range, then 5180 NF would come today.

Bear logic is since it is Friday, we may have some profit booking. Technically it seems that we can possible go up .

We have been going perfect

 

[rajputz]

Yup...my famir pattern is also getting respected for last two days....100 points up already...even if nifty is weak on longer term perspectives, we are getting the points.

 

[siddhi.desai]

hmm , i have bon following this analyst fot nifty and hes just begun his new posts , check it out sagarmajithia.blogspot.com

 

[siddhi.desai]

hey can i get that amibroker formula that you use for buy and sell signals espicially the pivot point buy/sell signals please

 

[rajputz]

hey can i get that amibroker formula that you use for buy and sell signals espicially the pivot point buy/sell signals please

_SECTION_BEGIN("Simple Pivot based Trading System");

// User defined parameters.

GraphXSpace = 10; //defines how much extra space should be added above and below graph line (in percent).

dist = 0.25*ATR(10); 
Capital=Param("Total capital",100000,10000,1000000,1000);
drawdown=Param("Max. loss per trade as % of Capital", 1.0,0.5,25.0,0.1);
room=Param("Room for S/L as % of Pivot value",0.001,0.001,0.02,0.001);

SetChartBkColor(ParamColor("Panel color ",colorBlack)); 
// Now calculate pivots. Method courtesy : Kenneth (www.traderji.com)

PH= ValueWhen(
(Ref(H,-2) > Ref(H, -4)) AND
(Ref(H,-2) > Ref(H, -3)) AND
(Ref(H,-2) > Ref(H, -1)) AND
(Ref(H,-2) > H), Ref(H,-2));

PL= ValueWhen(
(Ref(L,-2) <= Ref(L, -4)) AND
(Ref(L,-2) <= Ref(L, -3)) AND
(Ref(L,-2) <= Ref(L, -1)) AND
(Ref(L,-2) <= L), Ref(L,-2));

// filter lines

phfilter=PH+(room*PH);
plfilter=PL-(room*PL);

//Uncomment following code if you wish to see the pivot lines.
//Plot(Ref(PH,2), "UpPivot", ParamColor("UpPivot Color",colorRed), styleDashed);
//Plot(Ref(PL,2), "DownPivot",ParamColor("DownPivot Color",colorGreen), styleDashed);

Plot(Ref(Phfilter,2), "Upfilter", ParamColor("upfilter Color",colorRed), styleLine);
Plot(Ref(Plfilter,2), "Downfilter",ParamColor("dnfilter Color",colorGreen), styleLine);


//Plot(Ref(UpFractal,2), "Up Fractal", ParamColor("Up Fractal Color",colorRed),8);
//Plot(Ref(DownFractal,2), "Down Fractal",ParamColor("Down Fractal Color",colorGreen),8);



/* 
for (a=4;a<BarCount;a++)
{
if ((H[a-2] >= H[a-4]) AND
(H[a-2] >= H[a-3]) AND
(H[a-2] >= H[a-1]) AND
(H[a-2] >= H[a]))
PlotText("PH \n"+H[a-2], a-2, H[a-2], colorGreen);

if ((L[a-2] <= L[a-4]) AND
(L[a-2] <= L[a-3]) AND
(L[a-2] <= L[a-1]) AND
(L[a-2] <= L[a]))
PlotText("PL \n"+L[a-2], a-2, L[a-2]-dist[a-2], colorRed);
}
*/
//Condition for buy : Enter when Close crosses latest pivot high.
Buy = C> (PH+(room*PH));

initialStopBuy=Ref(PL,2)-(Ref(PL,2)*room/100);
trailStopBuy=IIf(C>PH,Ref(initialStopBuy,-1),initialStopBuy);

newStopBuy=trailStopBuy;

BuyLimitCapital=int(Capital/C);
SLbuy=round(C-initialStopBuy);
BuyLimitSL=int((Capital*drawdown)/(100*SLbuy));

//Condition for sell : Exit when previous pivot low is cracked.
Sell = C< (PL-(room*PL));

Buy = ExRem(Buy,Sell);
Sell= ExRem(Sell,Buy);

//Short = Sell;
//Cover = Buy;

//Short=ExRem(Short,Cover);
//Cover=ExRem(Cover,Short);

shape = Buy * shapeUpArrow + Sell * shapeDownArrow;
PlotShapes( shape, IIf( Buy, colorGreen, colorRed ),0, IIf( Buy, Low, High ) );


_SECTION_END();
/*
Q=Param("% Change",0.2,0.1,10,0.1);
Z= Zig(C ,q ) ;
HH=((Z<Ref(Z,-1) AND Ref(Z,-1) > Ref(Z,-2)) AND (Peak(z,q,1 ) >Peak(Z,q,2)));
LH=((Z<Ref(Z,-1) AND Ref(Z,-1) > Ref(Z,-2)) AND (Peak(Z,q,1 ) <Peak(Z,q,2)));
HL=((Z>Ref(Z,-1) AND Ref(Z,-1) < Ref(Z,-2)) AND (Trough(Z,q,1 ) >Trough(Z,q,2)));
LL=((Z>Ref(Z,-1) AND Ref(Z,-1) < Ref(Z,-2)) AND (Trough(Z,q,1 ) <Trough(Z,q,2)));
GraphXSpace = 5;
dist = 0.5*ATR(20); 

for( i = 0; i < BarCount; i++ ) 
{ 
if( HH[i] ) PlotText( "HH  \n"+Ref(H[i],-1), i, H[ i ]+dist[i], colorBlack,colorGreen );
if( LH[i] ) PlotText( "SAR \n"+Ref(H[i],-1), i, H[ i ]+dist[i], colorBlack, colorRed ); 
if( HL[i] ) PlotText( "SAR \n"+Ref(L[i],-1), i, L[ i ]-dist[i], colorBlack, colorGreen );
if( LL[i] ) PlotText( "LL  \n"+Ref(L[i],-1), i, L[ i ]-dist[i], colorBlack,colorRed );

}
*/

SL = ( HHV( H, 26 ) + LLV( L, 26) )/2;
TL = ( HHV( H, 9 ) + LLV( L, 9 ) )/2;
Plot (TL, "Stop line", colorYellow,styleThick); 
Plot (SL, "K line", colorWhite,styleThick); 

breakeven = Param ("brokerage",2,0,500,0.05);


risk_long = PH -SL-breakeven;
risk_short = SL - PL-breakeven;
range = PH-PL;
key = range / 2;
Short_tgt1 = PL- range*1.68;
Short_tgt2 = PL- range*2.68;
Long_tgt1 = PH + range*1.68;
Long_tgt2 = PH + range*2.68;

Color_buy = IIf (Close > sl AND Close > TL, colorBlue, IIf (Close < sl AND Close < TL,colorRed,colorYellow));
PlotOHLC( Open, High, Low, Close, "", Color_buy, styleBar ); 


 Title = EncodeColor(colorWhite)+ "RAJPUTZ'S PIVOT SYSTEM" + " - " +  Name() + " - " + EncodeColor(colorRed)+ Interval(2) + EncodeColor(colorWhite) +
 "  - " + Date() +" - "+"Op-"+O+"  "+"Hi-"+H+"  "+"Lo-"+L+"  "+ "Cl-"+C+"  "+ "Vol= "+ WriteVal(V) + WriteIf ( V > MA(V,26),EncodeColor(colorGreen)+"  UP "+ ((V/MA(V,26))*100-100) + " %", EncodeColor(colorRed)+"  DOWN "+ ((100- V/MA(V,26)*100)) + " %")
+ EncodeColor(colorRed)+   "\n Pivot High : "+ EncodeColor(colorWhite)+PH+EncodeColor(colorRed)+ "  Place LONG    Trigger at :"+EncodeColor(colorWhite)+ phfilter + EncodeColor(colorRed)+ "   SL of :"+ EncodeColor(colorWhite)+SL+ EncodeColor(colorRed)+ "    Risk of " + EncodeColor(colorWhite)+risk_long
+ EncodeColor(colorYellow)+ "\n Long Target of : "+Long_tgt1 +"  and second target of :" + Long_tgt2   
+ "\n"
+ EncodeColor(colorGreen)+ "\n Pivot  Low : "+EncodeColor(colorWhite)+PL+EncodeColor(colorGreen)+"  Place SHORT Trigger at :"+ EncodeColor(colorWhite)+plfilter + EncodeColor(colorGreen)+"   SL of :"+ EncodeColor(colorWhite)+SL+ EncodeColor(colorGreen)+"    Risk of " + EncodeColor(colorWhite)+risk_short
+ EncodeColor(colorYellow)+ "\n Short Target of : "+short_tgt1 +"  and second target of :" + short_tgt2   
;

this is the pivot formula for amibroker.

 

[rajputz]

Although i should have waited for Sunday to post any thing.

But look at the daily and weekly charts of SBIN. Share looks extremely strong. Pivot high on daily is also broken, suggesting further upward move in the price.

MACD is also good.

 

[simple_trader]

Although i should have waited for Sunday to post any thing.

But look at the daily and weekly charts of SBIN. Share looks extremely strong. Pivot high on daily is also broken, suggesting further upward move in the price.

MACD is also good.

Dear rajputz,

Please do not get me wrong. I think SBI has closed at resistance. I find SBI at shorting level. Not much left in the up side, I feel so. (For new traders, please do not consider this thread for shorting SBI, as it is high risk high reward short, one needs skill to short it).

 

[nimish_rulz]

Disappointing Job numbers way below the expectation Dow future jumps from -40 to -150 in 3 seconds. Unemployment climbs to 16.6% and NFP is at 411,000 instead of expectation of 500,000 a drop of massive 20% from expectation.


Rumours in Europe that Societe General one of the biggest french bank has made a huge derivative loss. Besides Hungary's ex government manipulated the fiscal number and new government says there is a loop hole. Markets tanked as soon as the statement came out.