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

[radha55]

No calls triggered.

Entire day price was between Pivot and R1.

 

[radha55]

Nifty Futures Profit for Today 17th July 2009.

Nifty Futures was around 4270-4285. at 10:25-10:30 am.

This is between R1 and R2.

So as per rule , we buy above R2(4334) and sell below Pivot(4236).

Buy triggered at R2 at 11:30 am.

1% Target = 4377 (target achieved) at 1:45 pm.

Total profit for day = 43 points.

Profit of 2000+ with one lot of Nifty.

I am a paper trader. Trade based on your risk.

 

[radha55]

Nifty Futures Profit for 20th July 2009

At 10:25 - 10:30 am the price of Nifty Futures was around 4407-4420.

This is between Pivot(4345.73) and R1(4435).

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

Buy at R1 trigerred at 11:40 am.

0.5% stoploss = 4412 (not hit)

1% Target = 4479 (achieved at 1:00pm)
1.5% Taregt = 4501 (achieved at 1:40 pm)

Total Profit for today = 1.5% = 66 points

Profit of 3000+ with one lot of Nifty.

I am a paper trader. Trade based on your risk.

If you want to know how this system works refer to the first post of this thread.

 

[radha55]

Nifty Futures Profit for today 21st July 2009.

Price of Nifty Futures at 10:25 - 10:30 am was 4460-4474.

This is between Pivot(4478) and S1 (4438).

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

Buy above Pivot(4478) triggered at 10:53 am.

0.5% Target = 4500.39 (achieved) at 11:06 am.
0.75% Target = 4511.585 ( not achieved) high was 4508. and it reversed from there.

So total profit for today = 0.5% = 22 points.

Profit of 1000+ with one lot of Nifty.

I am a paper trader. Trade based on your risk

 

[radha55]

Nifty Futures Profit for Today 22nd July 2009.

At 10:25-10:30 am, Nifty Futures was 4519-4530.

This is between R1(4508.2) and R2(4543.05).

So, as per rule, we buy above R2(4508) and sell below Pivot(4473.15).

Buy at R1(4543) at 11:05 am.

0.5% Target = 4565.715 (achieved at 11:15am)
0.75% Target = 4577.07(not achieved)

Now sell triggered at Pivot ( 4473.15) at 12:39 pm.
0.5% Target = 4450.635(achieved at 12:52 pm)
0.75% Target = 4439.4525 (achieved at 12:59 pm)
1% Target = 4428.27(achieved at 1:02 pm)
1.5% Target = 4405.905(achieved at 1:40 pm)

Total Profit for today = 0.5 + 1.5 = 2%. 88points.

Profit of 4000+ with one lot of Nifty.

 

[radha55]

Nifty Futures Profit for today 23rd July 2009

The price of Nifty Futures at 10:25 - 10:30 am was around 4500 - 4510.

This is between Pivot(4453) and R1 (4520).

So we buy above R1 and Sell below pivot.

During entire day, market was moving in the range of R1 and Pivot.

Nifty Futures made a low of 4455 (see this carefully. it is very important). It didnt go below our Pivot, so we are saved from going short.

Till 2:15 pm, the price of Nifty Futures was between Pivot and R1.

At 2:20 pm, the buy triggered at R1(4520).

0.5% Target = 4542.6 (achieved at 2:54pm).

Finally Nifty Futures closed at 4539. This is still our buy level.

Total profit for today = 0.5% = 22 points.

Profit of 1000+ with one lot of Nifty.

I am a paper trader.
Trade based on your risk.

All those who wants to know how this system works, please read the first post of this thread.

 

[radha55]

Nifty Futures profit for Today 24th July 2009

Nifty Futures at 10:25 - 10:30 was 4530-4540.

This is between Pivot(4512) and R1(4547).

So we buy above R1 and sell below pivot.

Sell below pivot triggered at 11:35 am.

0.5% stoploss = 4534.56 (stoploss hit at 12:20 pm).

Now , after some time market went up and crossed R1(4547).

So buy triggered at R1(4547) at 1:20 pm.

0.5% Target = 4569.735 (achieved) at 1:40pm

0.75% Target = 4581.1025(achieved at 1:50pm)

Total Profit for today = -0.5 + 0.75 = 0.25% = 11 points.

Profit of 500+ with one lot of Nifty.

 

[gkpc]

Simply a tremendous amount of hard work here and also in another modified thread started by you.
Somehwere while going through the threads I found a clarification by you that we enter a position only when the price is above or below our entry levels for 1 to 2 minutes!!!!
Radha, with this waiting period we may at times either enter at much higher rates than desired levels , and at times the price may fall back below our entry levels and may not agin move in our direction of trade. This I am writing not to criticise your sytem or method but feel this to be a genuine matter of concern for actual traders using this system.
Thanks to R.K.Karnani (Traderji i.d: rkkarnani) and Shravan (i.d. : ccmb420) I am successfully trading the Kolkata Indicator provided benevolently by Ashish da (i.d. uashish) , while learning day trading from them I came across similar scenario.
The only way out I think is to use some chart, where in you can enter a trade if a 1 minute or 3 minute or 5 minute bar closes above or below the Pivot levles so determined by your system. It is very easy to calculate profits EOD , and belive me the scenario is not the same when trading in real time.
In an explation for RNRL you have mentined in the example you gave that the first target was achived in 1 or two minutes, but Radha we are still waiting to enter the trade during the first 1 to 2 minutes so do we miss the first target or we suitable change the exit values based on our entry levels?
IMHO we shall not reach the proper figure of return that we may get from your method by simply calculating the Pivots and seeing the traded values on a given day. I strongly feel thae we do need a reference chart and trading rules for the time frame of the chart to arrive at near correct profit figures.
My sincere apologies to all if this post is found to be offensive. I am more than willing to delete it if Radha or any senior members so desire. I reeiterate that the post is not aimed at disrupting the thread or to question the method. What I have put forward is a genuine doubt I have!!!
All the best.
-Gautam

 

[radha55]

Simply a tremendous amount of hard work here and also in another modified thread started by you.
Somehwere while going through the threads I found a clarification by you that we enter a position only when the price is above or below our entry levels for 1 to 2 minutes!!!!
Radha, with this waiting period we may at times either enter at much higher rates than desired levels , and at times the price may fall back below our entry levels and may not agin move in our direction of trade. This I am writing not to criticise your sytem or method but feel this to be a genuine matter of concern for actual traders using this system.
Thanks to R.K.Karnani (Traderji i.d: rkkarnani) and Shravan (i.d. : ccmb420) I am successfully trading the Kolkata Indicator provided benevolently by Ashish da (i.d. uashish) , while learning day trading from them I came across similar scenario.
The only way out I think is to use some chart, where in you can enter a trade if a 1 minute or 3 minute or 5 minute bar closes above or below the Pivot levles so determined by your system. It is very easy to calculate profits EOD , and belive me the scenario is not the same when trading in real time.
In an explation for RNRL you have mentined in the example you gave that the first target was achived in 1 or two minutes, but Radha we are still waiting to enter the trade during the first 1 to 2 minutes so do we miss the first target or we suitable change the exit values based on our entry levels?
IMHO we shall not reach the proper figure of return that we may get from your method by simply calculating the Pivots and seeing the traded values on a given day. I strongly feel thae we do need a reference chart and trading rules for the time frame of the chart to arrive at near correct profit figures.
My sincere apologies to all if this post is found to be offensive. I am more than willing to delete it if Radha or any senior members so desire. I reeiterate that the post is not aimed at disrupting the thread or to question the method. What I have put forward is a genuine doubt I have!!!
All the best.
-Gautam

Please ignor that post where i have told to enter only after waiting 1-2 minutes.
I will delete that post.

I agree if we wait our target may get achieved.

So correct way is place a stoploss buy order or stoploss sell order. So that the trade is generated as soon as the price is crossed.

Regarding you suggestion about charts, yes you can come up with such a system and suggest here. All of them can then follow it. I however had not considered charts with this system.

Again. I am a paper trader. Trade based on your risk.

 

[bandlab2]

most of times price jumps at pivot areas. so we should have placed our stoploss limit/market orders already

can someone a simple AFL and back test this over 2-3 years? then we will get confidence