Pivot Trading- a new way of Trading

[TracerBullet]

subhadipji, does crude always trend well ? There will be sideways ofcourse, but last couple of weeks, crude has been in the nicest trend i have seen. Just take any pullback in 15m and hold. Almost Every day is trend day !

 

[Subhadip]

Shubhadeep Sir
As you traded nse & Crude both..Crude trading goes on long hours..Can you please share how do you mention your schedule..
As crude traded in evening, how can we mentain our health..As in Evening, we go for some exercise etc..Could you please share as a trader how do you mention your health with siting long hours of crude ?I mean please share some health life style tips also to maintain health while trading crude?
thanks

On lighter note I want to tell you that do not sit. Just do ur work. In crude go for hourly or four hourly if you want to build wealth. Trading five min chart is ok. But very very hard for long hours as I had experience in all those.

See
Daily chart and trade hourly. You will love it.

 

[Subhadip]

subhadipji, does crude always trend well ? There will be sideways ofcourse, but last couple of weeks, crude has been in the nicest trend i have seen. Just take any pullback in 15m and hold. Almost Every day is trend day !

Generally it does.

 

[niftytaurus]

On lighter note I want to tell you that do not sit. Just do ur work. In crude go for hourly or four hourly if you want to build wealth. Trading five min chart is ok. But very very hard for long hours as I had experience in all those.

See
Daily chart and trade hourly. You will love it.

Shubhadeep sir
Thanks for reply
I want to trade ONLY Intraday..I dont trade positional..could you please suggest how to use those charts for taking ONLY intraday trades?
I meant could you please Elobrate on points in blue? Please suggest ways to trade on hourly/4 hourly/day charts for intraday trades?


2) query is we can put order & put sl on our trades..but if we go out for walk or some exercise , than how do we keep an eye on profit taking or on our trade
Thanks

 

[Subhadip]

Shubhadeep sir
Thanks for reply
I want to trade ONLY Intraday..I dont trade positional..could you please suggest how to use those charts for taking ONLY intraday trades?
I meant could you please Elobrate on points in blue? Please suggest ways to trade on hourly/4 hourly/day charts for intraday trades?


2) query is we can put order & put sl on our trades..but if we go out for walk or some exercise , than how do we keep an eye on profit taking or on our trade
Thanks

See daily chart in down trend. Now in hourly most take down trend trades. Or pull back up. And go short. Same principle like five min chart. But SL will be higher.

Have Zerodha account. Nice lite app in android and iOS. Keep it open during other work. U can see chart also and can trade also.

One more thing recently I am doing. That is not taking profit. Waiting patiently for my SL to hit or trailing SL to hit. It is giving more profit. As trend is more often continues in the same direction.

 

[Maistro]

For trading need to be smart and know the way of trading.

 

[Subhadip]

What I will suggest is some what rare.

To have all money in liquid bees.

Here u will get yearly 6% around.

Now pledge all liquid bee. Have that money to be used to sell CE and PE of far month contract which are thousand point away from current spot nifty price.

And cover those and shift at the time of end of every month.

By this u can get around 2 % per month. Now combining both return One can generate around 14 to 20 % return per year. Now carry on compounding every year.

Posted in another thread.

 

[vivektrader]

See daily chart in down trend. Now in hourly most take down trend trades. Or pull back up. And go short. Same principle like five min chart. But SL will be higher.

Have Zerodha account. Nice lite app in android and iOS. Keep it open during other work. U can see chart also and can trade also.

One more thing recently I am doing. That is not taking profit. Waiting patiently for my SL to hit or trailing SL to hit. It is giving more profit. As trend is more often continues in the same direction.

Sir, do we enter at hourly pivot break in the direction of daily chart, and SL also will be pivot based, no EMA here?

Sent from my ONE E1003 using Tapatalk

 

[Subhadip]

Sir, do we enter at hourly pivot break in the direction of daily chart, and SL also will be pivot based, no EMA here?

Sent from my ONE E1003 using Tapatalk

Absolutely right. No EMA here.

 

[ajish_asok]

Hi Dr Subhadip, Nice to see u here....