Pivot Trading- a new way of Trading

Subhadip

Well-Known Member
Today morning I have covered 7700 PE.

Later added 7900 CE short & double quantity buy of 8000 CE- all of june series.

At EOD shorted 7950 CE to hedge my future long. Although tomorrow expecting a GAP up opening, still taken the hedge. Expecting volatility & price not going over 8000 or BO of 8000 & then come back below 8000 level due to expiry.
My calculation not right. Price not bounced back to 8000 range. At 8024 entered another quantity of Future to balance the 7950 CE short.
Yesterday EOD covered 7900 CE short and same quantity 7700 CE buy.
Now holding
7700 CE buy
7950 CE sell
8000 CE buy double

Also future long.
 

rip07

Well-Known Member
My calculation not right. Price not bounced back to 8000 range. At 8024 entered another quantity of Future to balance the 7950 CE short.
Yesterday EOD covered 7900 CE short and same quantity 7700 CE buy.
Now holding
7700 CE buy
7950 CE sell
8000 CE buy double

Also future long.
Bhai!! you started work in options too? i thought you are hardcore banknifty fan or Crude only.

Thanks
rip07
 

Subhadip

Well-Known Member
Bhai!! you started work in options too? i thought you are hardcore banknifty fan or Crude only.

Thanks
rip07
Learning option bro by doing.

Till I do something I do not learn. So doing it actively.

I just love to earn be it in crude BNF or in NF.

Also when more quantity go for NF that is also one of the reason for shifting.
 

TracerBullet

Well-Known Member
Subhadiji, how would you trail using 2 bar in below chart after vertical move

A) is the 2 bar by definition
B) A only barely broke high, if we ignore it then 2 bar trail will be at B
C) This is just some consolidation low and is close enough to B)



Also, i am trying to get used to 2MA trades so that in future maybe can try to teach it ( to family).

As i understood you look for some strong thrust and close towards one side in HTF and then look for entry in TTF. In below chart, i have marked ( selected bar) possible Trigger point in HTF chart. So once 1 closes we can go long. But where do you go long. Do you use break of Bar 1 High in Heikin-Ashi chart ? Or just enter with market order and stop 2 bar back ( so entry around 198.8 and stop around 198 here )

And exit here will be again 2 bar back which i have tried to mark.
thanks

 
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