Pivot Trading- a new way of Trading

[vivektrader]

Ok I will call you NT bro, just because you say so.
thanks
vivek

 

[asskg32]

Thanks Subhadip,
For starting this thread to clear basic concepts in trading analysis.
I am very grateful to you for you have taken the time to educate people which is very much needed when a trader starts this journey. I am still on post #35 and I feel like this is what i was missing in my analysis. The clear understanding of the basic concepts. :clapping:

 

[jaykrat]

I just started learning on how to read charts and here is a question..

If I want to trade FUT-NIFTY-26-NOV now, what should I do...

- 30 days chart shows UPTREND
- 90 days chart started with DOWNTREND, formed a lower pivot on 8-Sep, recovered and started going on a UPTREND
- 3 day chart shows DOWNTREND

As per 3-days chart is Oct 23's high of 8379 considered PIVOT? So Oct 26 showed signs of downtrend and Oct 27 confirms it? Should I short now for a target of 8150 (Low of Oct 14th) with a stop loss of 8379 (Oct 23's high)?

Or should I consider that NIFTY is on UPTREND as per last 30 days and buy now with a stop loss of 8150 (Low of Oct 14th) and target 8365 (Aug 21st Lower Pivot Low)?

Can you please clarify if both analysis are wrong?

 

[Subhadip]

Thanks Subhadip,
For starting this thread to clear basic concepts in trading analysis.
I am very grateful to you for you have taken the time to educate people which is very much needed when a trader starts this journey. I am still on post #35 and I feel like this is what i was missing in my analysis. The clear understanding of the basic concepts. :clapping:

Thanks to you all my friends...

 

[Subhadip]

I just started learning on how to read charts and here is a question..

If I want to trade FUT-NIFTY-26-NOV now, what should I do...

- 30 days chart shows UPTREND
- 90 days chart started with DOWNTREND, formed a lower pivot on 8-Sep, recovered and started going on a UPTREND
- 3 day chart shows DOWNTREND

As per 3-days chart is Oct 23's high of 8379 considered PIVOT? So Oct 26 showed signs of downtrend and Oct 27 confirms it? Should I short now for a target of 8150 (Low of Oct 14th) with a stop loss of 8379 (Oct 23's high)?

Or should I consider that NIFTY is on UPTREND as per last 30 days and buy now with a stop loss of 8150 (Low of Oct 14th) and target 8365 (Aug 21st Lower Pivot Low)?

Can you please clarify if both analysis are wrong?

Do u want to trade Daily chart?

 

[jaykrat]

Do u want to trade Daily chart?

Well, whatever to make a profitable trade..

I am wondering if my analysis was even worth a penny?

 

[kainiteh]

@J,
May this is not directly answer your question,
but Multi time frame trading is mostly defined,
like Setup emerge in large time frame,
and lower time frame used to execute...

Lower time frame enhance your early entry mostly!!
Also alarm of exit is triggered in lower time frame,,
which alert trader to bet his eye on the screen.....

simply, Check EMA cross over of three or more
time frame mostly show both bull and bear unless
market in the mood to move unexpectly....

Its took long time to realize me that too much ingredient
spoil the taste of basic / base food and trading.....

Happy trading..... :thumb:

 

[jaykrat]

@J,
May this is not directly answer your question,
but Multi time frame trading is mostly defined,
like Setup emerge in large time frame,
and lower time frame used to execute...

Lower time frame enhance your early entry mostly!!
Also alarm of exit is triggered in lower time frame,,
which alert trader to bet his eye on the screen.....

simply, Check EMA cross over of three or more
time frame mostly show both bull and bear unless
market in the mood to move unexpectly....

Its took long time to realize me that too much ingredient
spoil the taste of basic / base food and trading.....

Happy trading..... :thumb:

Not to hurt you.. But I didnt understand even a small bit of your message.. But what I can clearly understand is that I shouldnt even think about trading with real money and I have a long way to go.. :'(

 

[anilnegi]

Do u want to trade Daily chart?

subha da

hope all is well long time no see, the thread need your guidance and your presence pls post some example of trade to be done on daily.

thanks

 

[kainiteh]

Not to hurt you.. But I didnt understand even a small bit of your message.. But what I can clearly understand is that I shouldnt even think about trading with real money and I have a long way to go.. :'(

Use Dual time frame... It will remove many ambiguity about the trend
rather than seeing trend on 3 different time frame...

For example, I required my setup formation in 15 minutes TF and execute the
trade in 3 minutes...