Pivot Trading- a new way of Trading

[Subhadip]

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

I follow this small small rally & decline.(4,5,6)

Yes at 7750, expecting a bounce from resistance- originally what i did was gone to 3 min chart & trailed SL at every 3 min bar high- my way to get out without loosing money.

 

[LoneWolf]

@Subhadip,

On yesterday's chart why did not you attempt any SHORT

1. Below 4, as it failed to close above visual ERL and gave a rejection. So cant we see that as weakness to bulls and a SHORT continuation ?

2. below 13 & 15. At 14 price failed to move up past 12, and took out 13. 16 is a lower PH too, and 15 is taken on downside. And price was falling back in morning's range. ( I guess that was below visual ERL too).

Plz guide.

 

[Subhadip]

@Subhadip,

On yesterday's chart why did not you attempt any SHORT

1. Below 4, as it failed to close above visual ERL and gave a rejection. So cant we see that as weakness to bulls and a SHORT continuation ?

2. below 13 & 15. At 14 price failed to move up past 12, and took out 13. 16 is a lower PH too, and 15 is taken on downside. And price was falling back in morning's range. ( I guess that was below visual ERL too).

Plz guide.

For your both question answer is hidden in daily chart. A major resistance at 7720 range. I was expecting a bounce from the resistance level daily level. So bias was short but waiting to take out the low and then any minor or aggressive pivot low I will short that low.

 

[Subhadip]

As per SGX and global indices we are expecting gap up opening as per my view.

My positional holding 7700 CE and PE is in buy position. But they will loose theta.

Time to add some theta in my favour also.

Will short 8000 CE and 7400 PE of July series to get some theta back.

After daily level confirmation of up move will adjust again.

 

[LoneWolf]

For your both question answer is hidden in daily chart. A major resistance at 7720 range. I was expecting a bounce from the resistance level daily level. So bias was short but waiting to take out the low and then any minor or aggressive pivot low I will short that low.

Major Resistance or Support ??

 

[Subhadip]

Major Resistance or Support ??

Resistance of going down.

Absolutely right you are. It is support.

 

[XRAY27]

@Subhadip bhai !!!

Very small suggestion adopt daily and Hourly study that to with linear patterns for getting better option strategies !!!

 

[Subhadip]

@Subhadip bhai !!!

Very small suggestion adopt daily and Hourly study that to with linear patterns for getting better option strategies !!!

Any guidance bro. Basically have not understood your suggestion.

 

[XRAY27]

Any guidance bro. Basically have not understood your suggestion.

Just watch daily charts !!! it got PWP which often ends in flip and hourly falling wedge..both suggest bullish reversal @ the best...upon this just think your option strategy

i cannot write more as it may amount to trading call Hope you got my point

http://www.traderji.com/general-tra...68-general-trading-chat-4052.html#post1158434

 

[Subhadip]

Just watch daily charts !!! it got PWP which often ends in flip and hourly falling wedge..both suggest bullish reversal @ the best...upon this just think your option strategy

i cannot write more as it may amount to trading call Hope you got my point

http://www.traderji.com/general-tra...68-general-trading-chat-4052.html#post1158434

Thanks bro.