Pivot Based Trading - 1:2 risk reward ratio (Risk less Profit more)

[radha55]

Thanks for the pivot trading file can u make one for nifty future so that we can get the data for nifty future in the above 10scripts can u add one nifty future

hope to hear from u

regards

Will try....

 

[uthuman]

Thanks Radha for the system and your file...will follow..Will you please give the formula for obtaining fibnocci values, since this value is also important to enter trade...so that we can keep it in excel file?

uthuman

 

[milind2754]

wat is formula to calculate fibonacci pivots high,low, close ? I want to prepare AFL for amibroker

 

[radha55]

Today Target achieved Nifty Futures April.

As per calculation Pivot = 3441.9.

Today at 10:25 - 10:30 am the price was 3480-3465.

So as per rule we should buy above R1 and sell below Pivot.

Lets say we sell at 3435. 1:00 pm.
0.75% Target=3409.2375 target achieved.
1 % Target = 3400.65 target achieved.

Those who want to know how this system works please refer to the first post of this thread.

The site http:// pivottrading.110mb. com is sometimes down.
So you can use the backup site http:// pivottrading.webs. com

 

[bandlab2]

i did some back testing on RIL, SBI These are my obsevations

1. Do NOT trade same stock every day, because too many stop losses or no trades

2. After a Stop Loss day, mostly (90%) next day will see PROFIT

3. This works well in trending market. but hits SL in volatile, narow market. Last 5 days are trending days, market keeps on going up and up... or down like today

4. I tested with 0.75% profit, 0.5% SL and ltp at 10:30

5. Dont trade on both directions on same day. either buy or sell whichever comes first

So my recommendation, wait for a SL day (you wont have to wait for long) and trade next day. Have a basket of 5 stocks (RIL, SBI, ICICI, TATA STEEL, LT) and watch the levels each day, note down the results after market and be ready with list of 1 or 2 or 3 stocks that would have hit SL yesterday and trade only them. If you do this you will be trading 2 stocks every day and most likely they will hit target !!!

just a thought, radha needs to throw some light

i have not tested nifty, looks like its doing well. but always back test, paper trade for a month and then fom your own rules and STRICTLY, BLINDLY follow them

 

[radha55]

Hi,

Nifty Futures April Target achieved today.

As per calculation, Pivot : 3417.23

R1:3472.36 & R1 : 3474.95

At 10:30, the price was 3415-3425. This value is very near to pivot.

So as per rule, we should buy above R1 and sell below S1.

So first we buy above R1 (3473)

0.75% Target = 3499.0475 (target achieved) See the high for today its 3500.

now as per rule we should sell below only below S1.

But those who have sold below pivot would have made again 1% profit.

However as per rule S1 didnt got trigerred, so we get profit on one side.

Those who want to know how this system works, please read the first post of this thread.

 

[radha55]

Hi,

Do you mean price is under +-0.2% instead of +-.02% because .02% of 3357 is about .67 only?

Thanks
A

Its 0.1%. I revised in my first post. Thnx for pointing it out.

 

[doctorrahul]

Few Pivots for tommorrow 23/04/2009


RELIANCE :

R3 = 1779

R2 = 1756

R1 = 1737

*************
p = 1714
*************

S1 = 1695

S2 = 1672

S3 = 1653

SBI :

R3 = 1320.23

R2 = 1299.12

R1 = 1265.23

*************
p = 1244.12
*************

S1 = 1210.23

S2 = 1189.12

S3 = 1155.23

ICICIBANK :

R3 = 434.233

R2 = 423.617

R1 = 411.833

*************
p = 401.217
*************

S1 = 389.433

S2 = 378.817

S3 = 367.033

 

[radha55]

Hi All,

Sorry could not track nifty for last 2 days.

Nifty Futures April Target achieved.

At 10:25-10:30, price of NIFTY future was 3380-3390.

This is between Pivot and R1.

So we buy above R1 and sell below Pivot.

Today we sold at 3365 (pivot 3369)

0.75% Target = 3339.7625 (achieved)
1% Target = 3331.35 (achieved)
2% Target = 3297.7 (achieved)
3% Target = 3264.05 (not achieved)

For all those who want to know how this system works please refer to the first post of this thread

 

[observer]

How do you trade through the day? Are there time schedules other than 10:25?