Nifty Intraday Floor Pivots

[uasish]

CV,
Gr8 Thks.Plz do help us time to time.

Asish

 

[CreditViolet]

CV,
Gr8 Thks.Plz do help us time to time.

Asish

Sure Ashish.Time ka thoda problem hain.

Closed just at the 4545 Support.One new level generated.

 

[uasish]

CV,
Got your point of different Time frame ,yes a new level is generated at 15mins chart.

Asish
NB: This is a 15 min Nifty Fut of to-day.

 

[CreditViolet]

CV,
Got your point of different Time frame ,yes a new level is generated at 15mins chart.

Asish
NB: This is a 15 min Nifty Fut of to-day.

Hi Ashish

Looks correct, mine got generated a little lower, but matches almost

Good work

 

[uasish]

CV,
Told you this old coon will try to pant uphill ,hope you will not be alone very long maybe by upto 2008.Thks your validation boosts us,however earned little also with these levels.
Asish

 

[kkseal]

Indeed.The key is - Diff Timeframes and Varying Pivot Strengths.Also once you get the levels, its very imp to collapse/merge them properly.

A good starting material on confluences can be found in Miners book Dynamic Trading.

Rgds

Thanks CV. Will go through Miner.

Regards,
Kalyan.

 

[kkseal]

Hi Ashish

Also, another problem is I dont believe that EOD will be of much help, levels on intraday based on different timeframes is the key to get accurate levels.

Why is that? Is it because it's easier to identify S/R lvls (based on price action) & their relative strengths on lower tf charts?

Regards,
Kalyan.

 

[kkseal]

CV,
Told you this old coon will try to pant uphill ,hope you will not be alone very long maybe by upto 2008.Thks your validation boosts us,however earned little also with these levels.
Asish

Nowhere near you people Can only keep trying.

Regards,
Kalyan.

 

[CreditViolet]

Why is that? Is it because it's easier to identify S/R lvls (based on price action) & their relative strengths on lower tf charts?

Regards,
Kalyan.

Hi Kalyan

The key as I said to get accurate levels is lots of diff timeframes plus lots of pivots.On daily chart you could only go to higher timeframes that are seprated by distant pivots and hence the levels are more spaced out and infrequent.On intraday, for eg if you choose to plot it on 5 mins, you have comfort of 5-6 levels on the higher side plus a lot of pivots to base the ratios on.

Hope tht clears it up

Rgds

 

[kkseal]

Got it CV. Thanks again.

Actually, in my manually done 'vanilla' method i don't consider all the pivots (even on the daily ) but only the most significant ones. To determine 'most significant' apart from volumes i somehow find the price pattern in lower tfs (10/15 mins) useful. But then this is just a crude method.

Regards,
Kalyan.