Pivot Based Trading - 1:2 risk reward ratio (Risk less Profit more)

[radha55]

No trade triggered for 6th november.

 

[java.sunny.kumar]

Hi,

I have to find out the possibility of data extraction. Will enquire and let you know.

Regards
Sunny

 

[radha55]

Nifty Futures Profit for 9th november 2009.

At 10:25 - 10:30 am, the price of Nifty Futures was around 4800 - 4810.

This is between Pivot(4793.35) and R1(4831)

So we sell below pivot and buy above R1.

Sell triggered at Pivot(4793).

0.5% Target = 4769.035 (not achieved)
0.5% stoploss = 4816.965 (hit)

So loss = 0.5%.

Now buy triggered at R1(4831).

0.5% Target = 4855 (achieved)
1% Target = 4879.31 (achieved)
1.5% Target = 4909.555 (achieved) (high for today is 4909.7)

Lets assume we square of at 1%.

So profit = 1%.

Total profit = -0.5% + 1% = 0.5%.

Profit of 1000+ with one lot of Nifty.

To know how to use this theory, refer first post of this thread.

 

[radha55]

Nifty Futures profit for 11th november 2009.

At 10:25 - 10:30 am, the price of Nifty Futures was around 4880 - 4890.

This is very close to Pivot(4890).

So we buy above R1(4931) and sell below S1(4833).

Buy above R1(4931) triggered at 11:30 am

0.5% Target = 4955.655 (achieved)
1% Target = 4980.31 (achieved)
1.5% Target = 5004.965 (achieved).

Profit for today = 1.5% = 75 points.

Profit of 3500+ with one lot of Nifty

refer first post to know more on this system.

 

[radha55]

Nifty Futures profit for 17th november 2009.

At 10:25 - 10:30 am, the price of Nifty Futures was around 5045 - 5055.

This is between Pivot(5060) and S1(5039).

So we buy above Pivot and sell below S1.

Sell below S1 triggered.
0.5% Target = 5013.805 (achieved)

Profit for today = 0.5% = 25 points.

Profit of 1000+ with one lot of Nifty.

 

[radha55]

Pivot Based Trading

Nifty Futures profit for 20th november 2009.

At 10:25-10:30 am, the price of Nifty Futures was around 4970 - 4980.

This is between Pivot(4999.23) and S1(4949.46).

So we buy above Pivot and sell below S1.

Sell below S1(4949) Triggered.
0.5% stoploss = 4973.745 (hit).

Buy triggered at 4999.
0.5% Target = 5023.995 (achieved)
1% Target = 5048.99 (achieved)
1.5% Target = 5073.985 (achieved)

Total profit = -0.5% + 1.5% = 1% = 50 points.

Profit of 2500+ with one lot of Nifty

 

[radha55]

Nifty Futures Profit for 7th december 2009.

At 10:25-10:30 am, the price of Nifty Futures was around 5100-5110.

This is between Pivot(5121) and S1(5072).

So we buy above Pivot and sell below S1.

Sell Triggered at 2:11 pm at S1(5072).

0.5% Target = 5046.64 (not achieved)

Close price = 5060.

Lets say we square off at 5060.

So profit for today = 5072-5060 = 12 points.

Profit of 500+ with one lot of Nifty

 

[ninad_b]

hi
nowadays nifty is trading at a premium of 30-40 points.
so should we refer spot prices or future prices to trade using pivot support resistance ??

thanx n regards
[email protected]

 

[stumper]

Hi Radha

What edge does Pivots provide over any random average i do with previous days price's?.... I really dont understand that why should price follow pivot level's?

Regards.