Nifty Intraday Pivot Points

[prasadam]

Savant ji,

today's charts

 

[Ajax]

Dear ajax....its great...very simple..very accurate...i do use Tl's but not along with th BB bands as u did...hope to try this out from tomorrow if time permits...great work bro...Would be helpful for all if u can specify the indicators and the parameters tooo..Thanks a lot..Continue ur good work bro..

Hi pkam
I dont use any indicators. BBands just tell me whether stock is trending
or consolidating. I have RSI @ bottom but often fail to take notice.
Yes I do for wolfe waves , bearish or bullish,

Today I took only first part of trade. Gained ~ 20 points. Had to leave in between. Analysed todays NF trade post market hours & saw what I missed out on

Regards

Ajax

 

[pkamalesh]

Ajax, wonder if we can rely only on the trendlines(they work fine)...ofcourse along with the RSI indications...will post the charts in a few minutes...

 

[pkamalesh]

http://www.traderji.com/equities/24946-patterns-technicals-28.html#post281014


Dear ajax, and friends...dint want to disturb the flow of savant sir's sma method here...so posted my views on using the TL's in intraday 3 min charts ...

We could continue our discussion on Intraday pivots/tl's and rsi's in that thread and post only sma stuff here...would be helpful for people following this thread os savant sir...

 

[uasish]

Savanth,

Plz excuse me for not being able to post my findings in time,as promised,has done a rudimentary study,but it needs detail Logic / Reasoning etc. moreover of late lost some impetus to post any study.

Asish

 

[kiranb]

I dont use any indicators. BBands just tell me whether stock is trending
or consolidating. I have RSI @ bottom but often fail to take notice.
Yes I do for wolfe waves , bearish or bullish,

Today I took only first part of trade. Gained ~ 20 points. Had to leave in between. Analysed todays NF trade post market hours & saw what I missed out on

Regards

Ajax

Hi ajax

Your analysis with bollinger bands is very good.
Even i do follow Tls, pivots, wolf waves, and some other chart patterns this is one way of intraday trading here i don't use any indicators except volumes. Which is giving me good profits till now.
When it comes to today's trades mine goes same like this

At 1 long trade triggers with sl at 2
Then follow the trend and 3, 4, 6 becomes SLs as the trend follows.
My exit from long is below 8.

Now here I can able to see the bearish wolf wave but not yet confirmed.

When at 9 market didnt cross 7 and comes below the TL then which gives me confidence to enter short below TL with SL as 9.

When the trend follows 11, 13 becomes my SL.
Profit booking at 14.

I generally prefer to close my position before 3.20 pm. Or at 3.20Pm.

But below 10 is good bet to go short if some one dont want to take more risk.


I will try to put Bollinger bands.

 

[pkamalesh]

Kiran...kepp up ur good analysis..

use this for discussions on pivots and TL's....http://www.traderji.com/equities/249...tml#post281014

 

[prasadam]

Savant ji,

today's charts

 

[pkamalesh]

Savant ji,

today's charts

Prasad sir, Dont you think we get a clear picture of the sma's from the 30 min charts onwards?(in terms of clear visibility and clarity in direction)....If we can get some inputs ..no harm in applying these for real trades, but i feel the problem lies when the range is too tight ..it totally goofs up things with too many cross overs...is there any alternate means which could be used esp for tight ranged days(which i feel are going to be more in teh days to come)...Ajax bhai ...your thoughts on this would be great...

 

[prasadam]

Prasad sir, Dont you think we get a clear picture of the sma's from the 30 min charts onwards?(in terms of clear visibility and clarity in direction)....If we can get some inputs ..no harm in applying these for real trades, but i feel the problem lies when the range is too tight ..it totally goofs up things with too many cross overs...is there any alternate means which could be used esp for tight ranged days(which i feel are going to be more in teh days to come)...Ajax bhai ...your thoughts on this would be great...

hi kamal,

no sir. just prasad will do.

my opinion is this 4&5 crossover trades are more profitable on 15 minute time frame. and at present I am using this for targeted trades. i.e., a profit of 15/20 points. the beauty of this method is, it gives me an early trade. so, that I can switch over to flow trade/2652/other method trade( where the entry is a bit delayed) with some points in my kitty.

waiting for Savant ji's return so that we can discuss various other aspects
like, MM, SL, exits etc.,

regards.

prasad.