Nifty Intraday Pivot Points

[prasadam]

Could you say it was minor "AT" the point when it happened.
If no it indicated short entry.

In retrospect looks minor.

More work needs to be done

even if short was triggered, we would be long almost at the same price on the next cross over. is it not?

 

[pkamalesh]

15 min chart again...only a minor cross over in between but apart from that the whole day has been only LONG...


Could you say it was minor "AT" the point when it happened.
If no it indicated short entry.

In retrospect looks minor.

More work needs to be done

Ajax..called it minor coz it was for a duration of 15 min i guess...any ways as prasda said..we would anywyas have crossed over to longs..

 

[Ajax]

even if short was triggered, we would be long almost at the same price on the next cross over. is it not?

yes , exactly.. a whip.. . And if there is a series of whipsaws
we will loose much more. thats what we need to take out from
this system. Broker will be happy:thumb:

 

[Ajax]

Ajax..called it minor coz it was for a duration of 15 min i guess...any ways as prasda said..we would anywyas have crossed over to longs..

Just look at 5min chart today NF .. If we have same situation in 15min
where do we stand????

 

[pkamalesh]

yes , exactly.. a whip.. . And if there is a series of whipsaws
we will loose much more. thats what we need to take out from
this system. Broker will be happy:thumb:

very true ajax....

 

[pkamalesh]

Just look at 5min chart today NF .. If we have same situation in 15min
where do we stand????

hehehe..Yeah..thats y i still insist on 15 min only...

 

[SavantGarde]

Ajax,

There Is No Discussion Of Using 5 Min.....

Happy & Safe Trading

SavantGarde

yes , exactly.. a whip.. . And if there is a series of whipsaws
we will loose much more. thats what we need to take out from
this system. Broker will be happy:thumb:

 

[SavantGarde]

Ajax,

We Are Using SMAs & Triggers Are All In It As Well, Which Progress Seamlessly, Not Waiting For Candle To Form For Any Trigger.

Happy & Safe Trading

SavantGarde

Just look at 5min chart today NF .. If we have same situation in 15min
where do we stand????

 

[prasadam]

kammy,

my test results are showing 4&5 sma on 15 min. has given a average of 40 points per trading day( 19 trades since 02/03/2009) with 5 losing trades, and on 60min.(positional) average of 22 points ( 9 trades) with 3 losing trades.

I have ignored those small whipsaws in my calculation, which did not last more that 1 candle. and also used only crossover and no supporting indicators like BB etc.,

can you kindly check the same on your own, so that, if necessary, I may correct myself.

 

[SavantGarde]

Re: BankNifty Intraday Pivot Points for 19th Mar 2009

'JAI BABA'​

BankNifty Intraday Pivot Points for 19th Mar. 2009

[SIZE="3"][B]BNF CLOSE	3721.45	

PIVOT		3710.00

R1	3725.00	S1	3675.00
R2	3740.00	S2	3640.00
R3	3775.00	S3	3625.00
R4	3810.00	S4	3610.00
R5	3825.00	S5	3575.00
R6	3839.00	S6	3540.00[/B][/SIZE]

 [COLOR="purple"][U][B]BANKNIFTY FUTURES BUY SELL TRIGGERS[/B][/U][/COLOR]

[COLOR="purple"][B]DATE		CLOSE	TRIGGER	S/L[/B][/COLOR]

18-MAR-2009	3721.45	[COLOR="Green"]B.HOLD[/COLOR]	3508.00
17-MAR-2009	3640.10	[COLOR="Green"]B.HOLD[/COLOR]	3452.00
16-MAR-2009	3738.50	[COLOR="Green"]B.HOLD[/COLOR]	3408.00
13-MAR-2009	3636.05	[COLOR="Green"]B.HOLD[/COLOR]	3362.00
12-MAR-2009	3424.50	[COLOR="Green"]BUY[/COLOR]	3318.00

Longer Term Triggered BUY On 16/03/2009
@ 3738.50 S/L Is 3580.00 For 19th Mar 2009


Happy & Safe Trading

SavantGarde