Nifty Intraday Pivot Points

[SavantGarde]

Vicky,

Why Every Point On The Chart, For That Matter Every Trade Where Both The BUYER & SELLER Both Think They Are Smart.

Pivot In Relation To Where The Current Price Is Or Where It Was, Shall Always Be Important......Perhaps Could Be A Decisive Trend In The Direction Of The Move.

I Have Always Maintained, It Is Only Price, Price & Price Action.

Pivot Is Nothing But Resistance Or Support In Relation To A Previous Closing.

Happy & Safer Trading

SavantGarde

Doc

Some where I read, each point on a chart represents a fight between bulls and bears. If your candle, closes red, the bears win and if it is green the bulls win.

Here, opening of price at pivot doesn't necessarily mean anything, that is my view.

But, just to add to proper perspective to the charts and for better use, you might consider looking at the price action near the Supports and Resistances.

PS: Hope you can see, what I see.

 

[scorpio77]

Thanks Doc for the chart.

In this case the entire day's game was played out between the Resistance points and there was no significance to the pivot point (4221.4) mentioned.

Am I correct? If so, under what circumstances does one use the pivot point data?

Thanks!

Here I'm Reposting Chart With Possible Trade On 28'th May:

Thanks.

 

[SavantGarde]

Scorpio,

Focus Is Not The Pivot Point, It Is The Actual NF Price....& Which Points (R & S) Closest To It Assumes Importance....& Where Your SMA Crossovers & BBs Are With Respect To NF.

Happy & Safer Trading

SavantGarde

Thanks Doc for the chart.

In this case the entire day's game was played out between the Resistance points and there was no significance to the pivot point (4221.4) mentioned.

Am I correct? If so, under what circumstances does one use the pivot point data?

Thanks!

 

[scorpio77]

Got the point on the importance Savant, Thanks!

To summarise,
SMA crossover is first priority and trigger,

This is followed by the validation of the trigger through Bollinger bands piercing. ( may happen the other way around but SMA has more weightage)

Use the R & S values for the day as references to track trade flows for targets / stoploss.

Hope I am right on the above.

The doubt still remains on why do you publish the pivot point info. I mean -what do I do with the info of " pivot point for 1st June is 4395".

Sorry for being persistent but I feel better a doubt clarified than not understand a system properly.

Scorpio,

Focus Is Not The Pivot Point, It Is The Actual NF Price....& Which Points (R & S) Closest To It Assumes Importance....& Where Your SMA Crossovers & BBs Are With Respect To NF.

Happy & Safer Trading

SavantGarde

 

[vicky_ag]

Savant Sir

Aptly put.

But, my view was in the relation to the question Doc put up which I have highlighted.

If we consider S&R , each crack of S or R can give us a directional move, I think there is no special treatment of any kind to PP. Or am I wrong ?

Vicky,

Why Every Point On The Chart, For That Matter Every Trade Where Both The BUYER & SELLER Both Think They Are Smart.

Pivot In Relation To Where The Current Price Is Or Where It Was, Shall Always Be Important......Perhaps Could Be A Decisive Trend In The Direction Of The Move.

I Have Always Maintained, It Is Only Price, Price & Price Action.

Pivot Is Nothing But Resistance Or Support In Relation To A Previous Closing.

Happy & Safer Trading

SavantGarde

Just Looking Back:

http://www.traderji.com/day-trading/9110-nifty-intraday-pivot-points-125.html#post313883

Nifty Fut Opened Near Pivot Point And Solid DownMove Thereafter Cracking S1, S2.

http://www.traderji.com/day-trading/9110-nifty-intraday-pivot-points-125.html#post314391

Nifty Fut Opened Near Pivot Point And Good UpMove Thereafter Cracking Pivot Level.

Can We Consider Opening Of Nifty Nearby Pivot Point Will Give Us Possible One Way Movement In Either Direction?

Thanks.

 

[SavantGarde]

Scorpio,

It Is Quite Ok To Ask Because It Shows You Want To Learn.

It Is Posted Everyday, For Professional NF Traders & Acts A Crutch.

Have Been Posting For Long Time Now, It Will Not Be Important Once I Put The Calculations For It In The Public Domain.

Once I Have Done That, I Will Take Complete Holiday... From Posting.

BBs Are Not For Confirmation It Is More Like Pavements Or Limits On Either Side, So Any Time It Has Pierced Or Has Touched Or Very Close To It, There Are Rules Illustrated In Earlier Posts As To What Our Next Possible Actions Could Be.

Happy & Safer Trading

SavantGarde

Got the point on the importance Savant, Thanks!

To summarise,
SMA crossover is first priority and trigger,

This is followed by the validation of the trigger through Bollinger bands piercing. ( may happen the other way around but SMA has more weightage)

Use the R & S values for the day as references to track trade flows for targets / stoploss.

Hope I am right on the above.

The doubt still remains on why do you publish the pivot point info. I mean -what do I do with the info of " pivot point for 1st June is 4395".

Sorry for being persistent but I feel better a doubt clarified than not understand a system properly.

 

[SavantGarde]

Vicky,

View Or Opinion Can Always Be Up For Debate.....However, I Have Done So Much Keyboard Punching Today, That Fingers Have Reduced By Half Inch...


Don't Feel Like Typing Anymore Today Except....Punching Trades In Forex....

Happy & Safer Trading

SavantGarde

Savant Sir

Aptly put.

But, my view was in the relation to the question Doc put up which I have highlighted.

If we consider S&R , each crack of S or R can give us a directional move, I think there is no special treatment of any kind to PP. Or am I wrong ?

 

[vicky_ag]

Savant Sir

Too much thread replying ?

How about sharing some trades on this side too, to this poor guy.. ?

Vicky,

View Or Opinion Can Always Be Up For Debate.....However, I Have Done So Much Keyboard Punching Today, That Fingers Have Reduced By Half Inch...


Don't Feel Like Typing Anymore Today Except....Punching Trades In Forex....

Happy & Safer Trading

SavantGarde

 

[scorpio77]

Am clear now, Thanks.

Will try and read the entire posts again tonight to find out what action to take when close and what to do when it touches, I always thought the piercing was important!!! (Pls rest assured I am talking only about Bollinger bands here )

Will continue to bug you!!

The proffesional NF traders may not need you but the new ones always will!!!!

Thanks!

Scorpio,

It Is Quite Ok To Ask Because It Shows You Want To Learn.

It Is Posted Everyday, For Professional NF Traders & Acts A Crutch.

Have Been Posting For Long Time Now, It Will Not Be Important Once I Put The Calculations For It In The Public Domain.

Once I Have Done That, I Will Take Complete Holiday... From Posting.

BBs Are Not For Confirmation It Is More Like Pavements Or Limits On Either Side, So Any Time It Has Pierced Or Has Touched Or Very Close To It, There Are Rules Illustrated In Earlier Posts As To What Our Next Possible Actions Could Be.

Happy & Safer Trading

SavantGarde

 

[SavantGarde]

Vicky,

Go Short On USD/JPY Above 96.54 - 96.78

Go Long & On EUR/USD Between 141.55-141.68 & If Possible HOLD For Few Days.

Happy & Safer Trading

SavantGarde

Savant Sir

Too much thread replying ?

How about sharing some trades on this side too, to this poor guy.. ?