Patterns and Technicals

[pkamalesh]

Hi...thought we can share the 5 min pivot methods...all who use this method esp kiran..if u can give ur inputs too...posting yesterdays NF chart for 5 min pivots..

 

[pkamalesh]

The same NF chart if we wanted to use trendlines instead of 5 min pivots...

 

[HEM]

Hi...thought we can share the 5 min pivot methods...all who use this method esp kiran..if u can give ur inputs too...posting yesterdays NF chart for 5 min pivots..

very good kamalesh. please go on with ur nice work.:clapping:

 

[pkamalesh]

Thanks HEM..Posting Updates..(both the pivot method on 5 min charts as well as the trendline method)

 

[pkamalesh]

 

[pkamalesh]

Wow...This thread shifted to trading diaries..dint observe till now..Thank u MODS...

 

[myvineet]

Hi...thought we can share the 5 min pivot methods...all who use this method esp kiran..if u can give ur inputs too...posting yesterdays NF chart for 5 min pivots..

well done kammy....:clapping:

just one query..what is 3 bar rule on which you reverse ?

once you reverse on last bar of 3 red bars around 12.45 then why don't you reverse at 4 green bar just after the 3 red bars ...

answer whenever you are free..

thyanx

vineet

 

[pkamalesh]

well done kammy....:clapping:

just one query..what is 3 bar rule on which you reverse ?

once you reverse on last bar of 3 red bars around 12.45 then why don't you reverse at 4 green bar just after the 3 red bars ...

answer whenever you are free..

thyanx

vineet

Hi Vineet..thanks for ur reply...its not a hard and fast rule(3 bar one)...but its just a thin that ive observed over the past charts using this method in downward moves...Its that when u have 3 sucessive red bars with almost equal length and when the 4th green candle manages to close(near to) the open of the 3rd red bar's open(as u can see)..ive observed that in these cases there is a possibility of a reversal..there fore whenever the 4th bar is green we can apply this logic to lock in more points rather than waiting for the pivots break...As for the uptrend logic i havent used it but would soon find more ways to smoothen and use the logic more effectively....hope to get more of ur inputs...thanks again...

 

[pkamalesh]

Thought of posting the NF daily chart...Though very difficult to draw TL's ina side ways market..hehehe... We can identify 2 key levels whcih have acted as support..These are 2500 and 2640..Now the resistance levels seemd to be pegged at 2835 for this recent up move...if we manage to close above that say even after a minor downmove..we could be in a definite Bull zone if we can ener the 3000 mark this time ..yes with a bit of volumes...haha..A Sincere advice for newbies from a newbie ofcourse...If ur tradin options better to tak a 2600 call (supp at 2640) and a 2800 put (res at 2825)...Plzz dont jump on shorts as soon as 2800 is achieved...Might be a bad move this time around...Just my view...Trade safe..

 

[pkamalesh]

Now found the RIL chart..the next best thin to look after nifty...A new up trend..may be a resistance at 1323..but i feel the upmove is goin good for RIL..One thin that might catch the eye of Sunil bhai..The inside bar..just saw it in the daily..another bullish signal..was broken 2 days back...check the chart for reference...