Pivot Trading- a new way of Trading

[Brill]

On daily chart BNF has closed below 16450 (which is a visual pivot?) Can it go down further ? target?

 

[Subhadip]

I feel it will be better if I post charts of 5 min & hourly on NF daily for betterment.

I will post almost daily if free.

Hope none will mind it.

 

[PreSap]

I feel it will be better if I post charts of 5 min & hourly on NF daily for betterment.

I will post almost daily if free.

Hope none will mind it.

If free please post as many as possible. Even commodity charts. Anything is welcome.

Sent from my A0001 using Tapatalk

 

[Subhadip]

The day started Gap up from last day. At point 1, price opened & got down. At bar 2, continuation of the down move like yesterday.as price was below the ERL & within the range of yesterday but continuing the trend of yesterday, so short at bar 3 low, with high of bar 3 as SL.
At 4, SL still at bar 3 high.
As 6 can not go below 4, so SL NOT moved to point 5.
After 8, which gone below 4, SL moved to 7 high.
When price gone below the low of 8, SL moved to 11 high.

At 12, price tried to move low, but failed thrice, so get out around that price.
At 13, price gone above the Minor ERL, so buy at point 13, SL just next bar low.
At 15, add, AL moved to 14.
At 16,price at 7800, volatility expected. Out from long there.

Short again at 17 low break, SL at 18 high,
At 19, add. Exit at 20.

Two ERL used, from yesterday afternoon range.

 

[niftytaurus]

The day started Gap up from last day. At point 1, price opened & got down. At bar 2, continuation of the down move like yesterday.as price was below the ERL & within the range of yesterday but continuing the trend of yesterday, so short at bar 3 low, with high of bar 3 as SL.
At 4, SL still at bar 3 high.
As 6 can not go below 4, so SL NOT moved to point 5.
After 8, which gone below 4, SL moved to 7 high.
When price gone below the low of 8, SL moved to 11 high.

At 12, price tried to move low, but failed thrice, so get out around that price.
At 13, price gone above the Minor ERL, so buy at point 13, SL just next bar low.
At 15, add, AL moved to 14.
At 16,price at 7800, volatility expected. Out from long there.

Short again at 17 low break, SL at 18 high,
At 19, add. Exit at 20.

Two ERL used, from yesterday afternoon range.

thanks a lot Shubhadip Bro for chart & detail explaination
its really so nice of you
thanks

 

[Subhadip]

Another way of approaching market today is that, market is very balanced and is coming out of sideways.

Now more bias towards short side but both can happen. It may move up or down around 1000 points.

So today will buy 7700 CE and PE in morning hour in June series.

Will cover these in June expiry.

Positional trades in option without any bias.

 

[anilnegi]

The day started Gap up from last day. At point 1, price opened & got down. At bar 2, continuation of the down move like yesterday.as price was below the ERL & within the range of yesterday but continuing the trend of yesterday, so short at bar 3 low, with high of bar 3 as SL.
At 4, SL still at bar 3 high.
As 6 can not go below 4, so SL NOT moved to point 5.
After 8, which gone below 4, SL moved to 7 high.
When price gone below the low of 8, SL moved to 11 high.

At 12, price tried to move low, but failed thrice, so get out around that price.
At 13, price gone above the Minor ERL, so buy at point 13, SL just next bar low.
At 15, add, AL moved to 14.
At 16,price at 7800, volatility expected. Out from long there.

Short again at 17 low break, SL at 18 high,
At 19, add. Exit at 20.

Two ERL used, from yesterday afternoon range.

Subha da few question

at point 6 not go below 4 level than what is the significance of point 5
At 12- price try to move low - what that exactly mean r we looking lower low on every bar

thanks

 

[anilnegi]

Another way of approaching market today is that, market is very balanced and is coming out of sideways.

Now more bias towards short side but both can happen. It may move up or down around 1000 points.

So today will buy 7700 CE and PE in morning hour in June series.

Will cover these in June expiry.

Positional trades in option without any bias.

subha da i also agree with u, my bias on upper side but 1000 point are too much, what u think??

thanks

 

[Subhadip]

subha da i also agree with u, my bias on upper side but 1000 point are too much, what u think??

thanks

Lets see....

 

[Subhadip]

24/5/16

View: market may go up or down but will move out of sidewise. If move out of sidewise, it will move atleast 1000 points.

Day opened at Gap down, but in the first bar only touched the low of the previous day. Bar 2 crossed the low of first bar, but not closed below the first bar, so no short taken.
Number 3 Bullish bar, 4 pivot high made & closed above days first bar high. Would have taken long above that bar (4) high if it closes above last days ERL & then price going above it- but not happened.
5 & 6 inside that range.
7 tried to go low, but close in range.
Same thing in 8 & 9- no close below second bar low. Now price tried to go low thrice at 7,8,& 9 but failed.
Long over and above the day’s range above 10 & 11 bar high.SL at 11 bar low, after 12 & 14 SL moved to 13 as 14 goes above 12.
15 low above 13 low, but 16 not gone high- expecting price to go higher. But price came down. Out below 13 low.
No other trade.
Expecting tomorrow to open Gap up.