Trading as a part time profession.

[rajendrani]

 

[rajendrani]

My minifty intraday trades for today

 

[myvineet]

good trade raj..

.but trading 5 min pivot is very aggressive i think ..no doubt we get early entry but whipsaws are more in it ..just today your stop at 12.05 barely misses by few points...& sometime you are put into false BO/BD trades very early...

but i am sure you must have done backtest this & found risk -reward in your favour ...

would love to see some add too in a big one sided move..whenever we got those one sided moves we should make it bigger because only on those days we will recover our previous days losses

sorry for this advisory type post..hope you will find it useful

best wishes

vineet

 

[rajendrani]

good trade raj..

.but trading 5 min pivot is very aggressive i think ..no doubt we get early entry but whipsaws are more in it ..just today your stop at 12.05 barely misses by few points...& sometime you are put into false BO/BD trades very early...

but i am sure you must have done backtest this & found risk -reward in your favour ...

would love to see some add too in a big one sided move..whenever we got those one sided moves we should make it bigger because only on those days we will recover our previous days losses

sorry for this advisory type post..hope you will find it useful

best wishes

vineet

I am really happy for your advice bro,
Yes what you said about the 5 min pivot trading is agressive, point very well taken on that, but had backtested this and had really given good result. The problem with this method comes when we get a choppy session otherwise on trending days, we get the best entry and best exit.

About the adds, my money management doesnt allow me to do that, as I am trading in intraday miniflow, 60 min, daily charts and this 5 min method.

Intraday miniflow is still my favourite and will never miss a chance to trade that whenever I get time.

Thanks and regards,
Rajendrani

 

[rajendrani]

 

[rajendrani]

 

[kiranb]

 

[kiranb]

 

[kiranb]

Yes rajendran even i got the same doubt, coz here the neckline is very slanting and the Height above the neckline of the right shoulder is quite smaller then the actual height .

with volumes on daily charts

http://img18.imageshack.us/img18/6909/nf06mar09dv.png

 

[rajendrani]