Hi Prabit,
a) If You Have Charting Facility For Intraday Then Overlay The Close, Pivot, R & S On It Along With BB (9,2) & MA 4&5 Or For Better Visibility Of The Crossover 3&5. Keeping The Crossover As The Main Focus You Can Take Entries & Exits With Pivot, R & S.
b) If You Do Not Have Charting Facility Then It Is Advisable To Write Down On A Piece Of Paper NF Close, Pivot, R & S. Keeping +/- 2-3 Points On Either You Can Make Entry, Exit & Know Where Your S/Ls Can Be Placed. It Is Better To Observe For Atleast A Couple Of Weeks Paper Trading & Once You Have Enough Confidence, Then You May Go Live With Actual Trading.
Happy & Safer Trading
SavantGarde
a) If You Have Charting Facility For Intraday Then Overlay The Close, Pivot, R & S On It Along With BB (9,2) & MA 4&5 Or For Better Visibility Of The Crossover 3&5. Keeping The Crossover As The Main Focus You Can Take Entries & Exits With Pivot, R & S.
b) If You Do Not Have Charting Facility Then It Is Advisable To Write Down On A Piece Of Paper NF Close, Pivot, R & S. Keeping +/- 2-3 Points On Either You Can Make Entry, Exit & Know Where Your S/Ls Can Be Placed. It Is Better To Observe For Atleast A Couple Of Weeks Paper Trading & Once You Have Enough Confidence, Then You May Go Live With Actual Trading.
Happy & Safer Trading
SavantGarde
Savantji, I need a little guidence. How to trade interday with closing, pivot, S and R.As per my present understanding , above pivot go long with SL- S,TG-R and below pivot go short with SL-R and TG- S.Please advise.
Thanks.
Thanks.