2 MA Method- easier part of "Pivot Method"

[niftytaurus]

bnf-15min

bnf-5min

thanks

 

[Subhadip]

bnf-15min

bnf-5min

thanks

With trade marking as per 2 MA. Then it will be good for discussion.

 

[PreSap]

Hi Subhadip Da,

Since price was mostly closing below 2 MA, I am not sure where to enter.
Here are my markings.

15M

5M

Thank you.

 

[niftytaurus]

nifty-5 min
in 15 min, whole day all candels are closing below 2 MAs..so in 5 min, we look only for short

 

[niftytaurus]

bnf-5min

 

[vkreddy]

nifty-5 min
in 15 min, whole day all candels are closing below 2 MAs..so in 5 min, we look only for short

Hi,

As per Subhadip, we take entry on break of mPL and exit the trade on confirmation of rally.

As per above, you should have exited the trade on rally confirmation with a loss. and your add1 place is the new entry.

Is my understanding wrong?

 

[travi]

nifty-5 min
in 15 min, whole day all candels are closing below 2 MAs..so in 5 min, we look only for short

Some people may disagree but what really works for me in following scenario:
1. On strong trend day like today
2. On sideways, choppy markets which are most of the time

Use the lower TF to setup entries, like 1-2 min, try putting that 9/21 EMA on a 1 min TF and compare it 5/10 min TF.

The point actually I am trying to make as Subhadip Sir is explaining, there is not a single solid template method, even if you are playing the cover drive, you still need to factor the wind, humidity, surface, pace and swing etc

Also, it depends on what is your scrip, if it is NF/BNF, then you have to expect far more shorts, also, your risk appetite (how long you hold your position and how wide your SL is).

Just keep staring at the charts and you will see patterns/setups being formed like magic.

 

[Subhadip]

26/9/16:

NF 15 Min chart:

NF 5 min chart:

Now how to trade this?

Priced opened Gap down.

Using 2MA method: 15 min chart, price gap down from opening & below the 2 EMA lines.

Now go to 5 min chart:
First bar Red bar. In second bar u can go short, at low of first bar.

But if ur using 5 point filter, the trade would have not taken.

So short below first bar low- 5 point is pending order.

at C, a mPH formed.

shorted at bar D, SL at point C.

At F, first ADD, SL moved to point G.

at low of F, in the bar I, second ADD, SL moved to H after add taking.

at low of J, third ADD, taken at point L, SL moved to K.

Exit at EOD.

 

[Subhadip]

bnf-15min

bnf-5min

thanks

For BNF same as NF, but first trade taken at first bar low.

Although i have waited today for formation of a nice pivot low in my personal trade.

 

[Subhadip]

9 EMA AND 21 EMA Banknifty

15 minute

5 minute

Sep 23

Sep 22

Sep 21

Sep 20

Sep 19

Dear Rajesh ,
Thanks for posting. Nicely done. Thanks again. Apparently it is ok. I take more adds though.
Please think of adding more adds in trade as well as markings also