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

[radha55]

NIFTY FUTURES Target achieved on friday.

At 10:30 the price of nifty futures was around 4292 which is very near to Pivot.

So we sell below S1 and Buy above R1.

So we sold below S1 (4235.08) as per Fibonacci)
0.75% Target = 4203.2375 (achived) Low for day is 4202.2

All those who want to know how this system works refer to first post of this thread.

Disclaimer ( I am still paper trading this theory)

 

[vijaybhaskar]

Hello I am Vijay Bhaskar, I have been thinking for quite a long time that do people trading really use all these mathematical calculations, how many of you in this forum do really use all these, because I have been wondering is this really used, please let me know, your efforts would be appreciated.
Thanks

 

[try or cry]

thxs radhaji

 

[radha55]

Nifty Futures stop loss hit and then target achieved.

At 10:25-10:30 the price of Nifty Futures was 4305-4310.

This value is between R1 and Pivot.

So we buy above R1 and sell below Pivot.

Those who followed Fibonacci, would have buyed at 4340 and stop loss hit,

Those who followed normal, there R1 was 4374. So no buy call.

Now Sell below Pivot trigerred at 4288.

0.75% Target = 4255 (achieved)
1% Target = 4245 (achieved)
2% Target = 4202 (not achieved).

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

Disclaimer-I am paper trading this theory.

 

[pritam1232007]

We build too many walls. Not enough bridges. (Isaac Newton)

Emotional control is at the heart of good trading.

Forget news, remember the chart, it already knows news is coming.

Why so few female politicians? Too much trouble putting make-up on two faces. (M Murphy)

You can't be late until you show up.

War doesn't determine who's right, but who's left.

Find a job you like, you'll add five days to every week!

A winner listens; a loser just waits until it is their turn to talk.

Bulls live above the 200sma, bears below.

If you think, then it's already too late. (Gerd Muller)

Sometimes you win; sometimes you learn.

You laugh at me because I'm different; I laugh at you because you're all the same.

Those who say it can't be done should not interrupt those who are doing it. (Anon).

If you do what you've always done; you'll get what you've always got.

If I were married to you, I'd poison your coffee. Lady, if you were my wife, I'd drink it! (W Churchill)
:cheers:

 

[balraj167]

Hi Radha55,

I have lttle confusion for your first post
-----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).

at 10.30 am if the price is trading in between of pivot and S1 as you suggest to buy at the same time or we should wait price to reach pivot point then entry will be made?

please clearyfiy

sorry if this Question sounds like stupid.

balraj167

 

[radha55]

Yes you are right.

We should till the price reaches Pivot.

To do this,

place a stoploss buy order which will have trigger price as Pivot and Order price little above Pivot.

Once the order gets executed place a sell order at your price.

 

[radha55]

Nifty Futures Today Analysis.

At 10:25-10:30 the price of NIFTY Futures was 4190-4200.

This is between Pivot and S1.

So sell below S1 and buy above Pivot.

For normal, the S1 = 4188.

so we sell below 4188

0.5% Target = 4167.06 (achieved)
0.75% Target = 4156.59 (not achieved).

Then buy triggered at Pivot 4272.

But stop loss hit as high was 4275.

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

Disclaimer : I m paper trading this theory.

 

[darkstar]

hello, thanks for your pavoit but i want to know what is pavoit i am intrested in trading daily trade but not so much gain can u gave wher i got metastock. omnitrader for free or least price iam very helpful if you do this .
thanks
darkstars99

 

[balraj167]

Nifty Futures Today Analysis.

At 10:25-10:30 the price of NIFTY Futures was 4190-4200.

This is between Pivot and S1.

So sell below S1 and buy above Pivot.

For normal, the S1 = 4188.

so we sell below 4188

0.5% Target = 4167.06 (achieved)
0.75% Target = 4156.59 (not achieved).

Then buy triggered at Pivot 4272.

But stop loss hit as high was 4275.

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

Disclaimer : I m paper trading this theory.

Hi Radha,

Can you explain with help of chart.

Thanks