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

[krgramesh]

posting stopped,bye

K R Ramesh

ramesh, this excel doesnt make any sense. how can you give buy, sell values now itself. u r confusing ppl. pl stop posting this file now. if you want just post hi, lo, close, pivot values. u can give full file at 10:30 AM

 

[doctorrahul]

Here are few pivots for 29/04/09

RELIANCE :

R3 = 1836.77

R2 = 1814.38

R1 = 1775.77

*************
p = 1753.38
*************

S1 = 1714.77

S2 = 1692.38

S3 = 1653.77

SBI :

R3 = 1347.83

R2 = 1323.17

R1 = 1279.38

*************
p = 1254.72
*************

S1 = 1210.93

S2 = 1186.27

S3 = 1142.48

TCS :

R3 = 643

R2 = 625

R1 = 612

*************
p = 594
*************

S1 = 580

S2 = 562

S3 = 549

HAPPY TRADING !!

 

[rakesh5295]

Todya i tracked infosys and it did not work......

 

[bandlab2]

Todya i tracked infosys and it did not work......

read my posts, it works after a stoploss day

 

[TOPNECK]

Hi ,

any one still testing this system.

I tested on 4th June

Nifty Spot

3rd June
HIgh 4574.90
Low 4478.60
Close 4530.70


Pivot : 4528.07
R1 : 4564.66
R2 : 4587.78
R3 : 4622.44

S1 : 4491.48
S2 : 4468.36
S3 : 4433.7

Nifty Spot at 10.29 : 4477.75
Between S1 & S2

----5. The price is between S1 and S2.
--------In this scenario, you should buy the stock/underlying above Pivot (if the price reaches above Pivot) and short sell below S2(if the price reaches below S2). The important here is not to buy above S1, buy only above pivot.


Short at 4467.65 as it is below S2.
Target 4434.14
S/L 4489.98

S/l Hit


2nd Trade
Buy above 4528.07 as it above pivot
Target 4562.03
S/L 4505.42965

Target Hit.

Net Point Gain/Lost : -22.33 + 33.96 = 11.63


am i doing it correctly

Regards
topneck

 

[bandlab2]

Hi ,

any one still testing this system.

I tested on 4th June

Nifty Spot

3rd June
HIgh 4574.90
Low 4478.60
Close 4530.70


Pivot : 4528.07
R1 : 4564.66
R2 : 4587.78
R3 : 4622.44

S1 : 4491.48
S2 : 4468.36
S3 : 4433.7

Nifty Spot at 10.29 : 4477.75
Between S1 & S2

----5. The price is between S1 and S2.
--------In this scenario, you should buy the stock/underlying above Pivot (if the price reaches above Pivot) and short sell below S2(if the price reaches below S2). The important here is not to buy above S1, buy only above pivot.


Short at 4467.65 as it is below S2.
Target 4434.14
S/L 4489.98

S/l Hit


2nd Trade
Buy above 4528.07 as it above pivot
Target 4562.03
S/L 4505.42965

Target Hit.

Net Point Gain/Lost : -22.33 + 33.96 = 11.63


am i doing it correctly

Regards
topneck

u cant take spot, take futures because we cant trade spot

 

[TOPNECK]

I agree with you that we cant trade spot.

Theoritically this logic should hold good for spot prices as well right ?..

also please let me know whether i am following the system properly or not ?


Regards
Rupal

 

[radha55]

yes you are following the system correctly.

I can see around 20-30 people daily either testing this system or trading using this system.

There are 30-50 visitors daily on http: //pivottrading.110mb.com

I also want to tell that yesterday Nifty Futures Stoploss hit yesterday.

All those who are new, please do paper trade first on this theory and then start putting money.

Many have already tested this system and are using it.

Its your hard earned money. Dont directly start following any trading theory blindly.

If you find this theory suits you, make profit from it.

 

[pritam1232007]

Hi All,

I want to introduce a very simple way of trading.

Everyone is aware of Pivots in charts.

It is very difficult to track real time pivot on intraday charts during trading hours.

After surfing lot of site and struggling, i found the way to calculate pivot based on previous day values.

After the pivot is calculated the resistance and support levels are found.

Resistance and support are of two types (using normal method and using fibonacci method.)

You can use any one of them. Both gives good result. Stick to any one method.

The system is as follows, please give your feedback and suggestions.

1. Firstly log to http:// pivottrading.110mb. com (remove spaces)
or
http:// pivottrading.webs. com (remove spaces)
2. Enter previous day high, low and close for any scrip.
3. Pivot is an important value here.
4. Look at the price of stock/underlying at 10:25-10:30 am. (half hour after market opens)
5. For Resistance and support values, you can choose normal values or fibonacci values. Both give good results. It depends upon you which suits you.
6. There are various scenarios which can occur.
-----1. The price is below the Pivot but above S1.
--------In this scenario, you should buy the stock/underlying above Pivot (If price reaches above Pivot) and short sell below S1(if the prcies goes below S1).
----2. The price is above Pivot but below R1.
--------In this scenario, you should buy the stock/underlying above R1 (if the price reaches above R1) and short sell below Pivot(if the price goes below Pivot).
----3. The price is very near to pivot (+/- 0.1%)
--------In this scenario, you should buy the stock/underlying above R1 (if the price reaches above R1) and short sell below S1(if the price reaches below S1).
----4. The price is between R1 and R2.
--------In this scenario, you should buy the stock/underlying above R2 (if the price reaches above R2) and short sell below Pivot(if the price reaches below Pivot). the important here is not to sell below R1. You must sell below Pivot.
----5. The price is between S1 and S2.
--------In this scenario, you should buy the stock/underlying above Pivot (if the price reaches above Pivot) and short sell below S2(if the price reaches below S2). The important here is not to buy above S1, buy only above 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.

Keep the profit, stoploss as below

Profit : 0.75% - 1%
Stoploss : 0.5%

Please please do reply with your suggestions.
I hope many of you already knows this.
No theory can become 99% successful without people's suggestions.
Do reply with your valuable comments.

this is what i am searching for:clap::clap::clap::clap:

 

[bandlab2]

this method works well after a stoploss day. since friday was SL day, on monday it will hit target. very rarely it has 2 conseqitive SL days