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

[bandlab2]

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

Hi Gautam,

Can you give some details about this kolkatta indicater?

 

[radha55]

Hi All,

I have created a profit/loss report on daily basis for the 3 below mentioned theories

1. Simple Pivot Trading.
2. Modified Pivot Trading.
3. Camarilla Pivot Trading.

I will be updating this profit/loss report every day or every alternate day here on traderji and also in the attached file.

You can now see the results of these three theories on daily basis.

Also,
I have already added the profit/loss report for all these thoeries for last couple of days. You can go through them if you are intersted in these theories.

 

[gkpc]

Hi Gautam,

Can you give some details about this kolkatta indicater?

Its here on the forum. Dont remember the exact Thread. You may do an Advanced search for it. You will find the Metastock formula as well as AFL for the same.
Thanks.
-Gautam

 

[radha55]

Nifty Futures Profit for today 27th July 2009.

At 10:25 - 10:30 am, the price of nifty futures was around 4590-4595.

This is between Pivot(4556.65) and R1(4607).

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

The buy above R1(4608) triggered at 11:10 am.

But the high for today was 4610.

0.5% stoploss = 4584.96 (hit).

Now sell triggered at Pivot(4556) at 12:48 pm.
0.5% Target = 4533.22 (achieved) at 1:01 pm.
0.75% Target = 4521.83 (not achieved).

So profit = 0.5%.

Total profit for today = -0.5 + 0.5 = 0% = 0 points.

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

 

[radha55]

Nifty Futures Profit for Today 28th July 2009.

At 10:25-10:30 am, the price of Nifty Futures was around 4545 -4552.

This is between Pivot(4570.6) and S1(4531.2).

So as per rule, we sell below S1 and buy above Pivot(4570)

Buy above Pivot(4570) triggered at 12:45 pm.

0.5% Target = 4592.85 (achieved)
0.75% Target = 4604.275(achieved).

Total Profit for today = 0.75% = 33 points.

Profit of 1500+ with one lot of Nifty

 

[radha55]

Nifty Futures Profit for Today 29th July 2009.

At 10:25 - 10:30 am, the price of Nifty Futures was around 4560-4570.

This is very near to Pivot.

So as per rule, we buy above R1(4604) and sell below S1.(4531)

Sell triggered at 11:44 am at S1(4531).

0.5% Target = 4508.345(achievd)
0.75% Target = 4497.0175(achieved)
1% Target = 4485.69(achieved)
1.5% Target = 4463.035(achieved)
2% Target = 4440.38(achieved)

Low for today was 4415.

Total Profit for today = 2% = 88 points.

Profit of 4000+ with one lot of Nifty.

 

[radha55]

Nifty Futures (August Series) profit for today 30th July 2009.

At 10:25 - 10:30 am, the price of Nifty Futures was around 4485 - 4495.

This is between Pivot(4509) and S1(4436).

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

Buy above Pivot(4509) triggered at 10:52.

0.5% Target = 4531.545 (achieved)
0.75% Target = 4542.8175 (achieved)
1% Target = 4554.09 (achieved)
1.5% Target = 4576.635 (achieved).

See the high for today its 4579.

Market reversed from 4579.

Our trailing stoploss at 1% Target gets hit (4574).

So profit for today = 1% = 44 points.

Profit of 2000+ with one lot of Nifty.

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

 

[radha55]

Nifty Futures Profit for 31st July 2009.

At 10:25 - 10:30 am, the price of Nifty Futures was around 4660 - 4665.

This is between R2(4642.15) and R3(4704.8).

So as per rule, we buy above R3 and sell below Pivot.

No calls triggered during entire day.

 

[radha55]

Nifty Futures Profit for today 3rd August 2009.

At 10:25 - 10:30 am, the price of Nifty Futures was around 4649 - 4659.

This is between Pivot(4633.38) and R1(4681.66).

So as per rule, we sell below Pivot(4633) and buy above R1(4681).

Sell triggered at 10:39 am.

0.5% stoploss = 4656.165 (hit).

Sell triggered again at 12:32 am,

0.5% stoploss = 4656 (hit)

Now, buy triggered at R1(4681) at 1:47 pm.

0.75% Target = 4716.1075 (achieved)
1% Target = 4727.81 (achieved).

Total profit for today = -0.5 -0.5 + 1 = 0% = 0 points.

No profit No loss

 

[radha55]

Nifty Futures Profit for Today 12th August 2009.

At 10:25 - 10:30, the price of Nifty Futures was around 4423 - 4433.

This is between Pivot(4459.18) and S1(4403.36).

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

Sell below S1(4403) triggered at 11:05 am.

0.5% Target = 4380.985(achieved)
0.75% Target = 4369.9775 (achieved)
1% Target = 4358.97 (achieved).

After this price went till 4351. and reversed.

Total Profit for today = 1% = 44 points.

Profit of 2000+ with one lot of Nifty.