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

[radha55]

Nifty Futures Profit for 20th August 2009.

At 10:25 - 10:30 am, the price of Nifty Futures was around 4470 - 4480.

This is between R1(4458) and R2(4530). http://pivottrading.110mb.com

So we buy above R2 and sell below Pivot.

No trade triggered today.

 

[arjit]

RAdha, Do u put value of nifty spot or nifty fiture in pivot calculator

 

[radha55]

RAdha, Do u put value of nifty spot or nifty fiture in pivot calculator

Nifty Future Value

 

[radha55]

Nifty Futures Profit for 21st August 2009.

At 10:25 - 10:30 am, the price of Nifty Futures was around 4410 - 4420.

This is between S1(4429) and Pivot (4466.68).

So we buy above Pivot and sell below S1.

buy above Pivot trigerred at 12:44pm.

0.5% Target = 4488.33 (achieved)
1% Target = 4510.66 (achieved)
1.5% Target = 4532.99 (achieved).

High was 4546.

We generally keep difference of 0.5% between target and stoploss.

when 1.5% target was achieved we keep next target as 2% and trailing stoploss at 1.5%.

So when market reversed after reaching 4546 our stoploss got hit.

So profit = 1.5% = 66 points.

Profit of 3000+ with one lot of Nifty.

 

[spiritunit]

Hi Radha, just curious to know, since your paper trading is making almost everyday in profits, why don't you try with real money?

 

[radha55]

Paryushan is biggest events for every Followers of Jain. Every religion is made on the good thought and values of mankind. But Jain is worlds only religions who give equal chance of living for the all living species on the earth. Michhami Dukkadam is the words which are used for their expression about Forgiveness . Jains celebrate the birth of the 24th tirthankara Mahavir, during Paryushan, an eight-day festival in the month of August. But this festival is not about eating variety of sweets, cuisine and dishes. This is celebrated with fastening, various Vrat and Taap. There is a equal science behind such devotional belief. Our appetite and digestive power are weakest during the monsoon. It is necessary to take light foods to improve digestion and performance of the body.

chota sa sansar, galtiya aapar, aapke paas hain shama ka adhikar, kar lijiya nivedan sweekar,khamau barambar, MICHAMI DUKADAM

 

[darkstar]

Paryushan is biggest events for every Followers of Jain. Every religion is made on the good thought and values of mankind. But Jain is world’s only religions who give equal chance of living for the all living species on the earth. Michhami Dukkadam is the words which are used for their expression about Forgiveness . Jains celebrate the birth of the 24th tirthankara Mahavir, during Paryushan, an eight-day festival in the month of August. But this festival is not about eating variety of sweets, cuisine and dishes. This is celebrated with fastening, various “Vrat” and “Taap”. There is a equal science behind such devotional belief. Our appetite and digestive power are weakest during the monsoon. It is necessary to take light foods to improve digestion and performance of the body.

chota sa sansar, galtiya aapar, aapke paas hain shama ka adhikar, kar lijiya nivedan sweekar,khamau barambar, MICHAMI DUKADAM

us waqt halaath aise they ki jab yeh pdhaa toh lgaa mere liye hi likhaa gyaa ho pdhkur bahuth achaa lgaa.
shukriyaaa

 

[rajindder]

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.

please help me out I am new to intraday trading what does this means buy above and sell below , is sell below means short selling and taking a target of 0.5% and also is it possible to make buy and short sell order at one time for a single scrip.

Thanks in advance

 

[aspire]

Radha,

Great thread! kudos..
I read your first post in thread. one confusion on pivot.

----6. The price is between S2 and S3.
--------Same rule applies as rule 5. Buy above pivot, short sell below S3.
----7. The price is between R2 and R3.
--------Same rule applies as rule 4. Buy above R3, short sell below Pivot.

As per my understanding Pivot is between S1 and R1. What is pivot between S2 and S3, R2 and R3? Is the Midpoint?
I also observed that you start your trading day by noting down levels of shares/index at 10.30am. So, in your pivot calculation do you use close of last day or close of today's 30 min candle. I asked as in one of your post you discussed various methods to calculate close that we enter in pivot calculator.

Thanks for your efforts in keeping alive this thread.

 

[radha55]

please help me out I am new to intraday trading what does this means buy above and sell below , is sell below means short selling and taking a target of 0.5% and also is it possible to make buy and short sell order at one time for a single scrip.

Thanks in advance

Buy above means, buy only if price moves above some price.

Sell below means, short sell if the moves below some price.