How to trade on pivot point?

mohan.sic

mohan.sic

Well-Known Member
#2
#2
vedupadhyay said:
How to trade on pivot point for intraday trading in Indian stock market and is it possible to make profit monthly from day trading?
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In simple, its told that pivot points acts as support and resistance. You can trade accordingly. This is not limited to Indian stock market.
 
PUCHU_2500

PUCHU_2500

Well-Known Member
#4
#4
vedupadhyay said:
How to trade on pivot point for intraday trading in Indian stock market and is it possible to make profit monthly from day trading?
Click to expand...
yes you can........draw some lines as per pivot formula and see which stocks how it behaves at every pivot level everyday......scroll 100 charts you will get your own ideas how to trade with this level......I am using my own formula (not traditional pivot formula) as per their action at every level (pls, see my chart)......I can't explain how you will trade......but you should set your own trade idea,thought process, own setup, discipline, risk reward ratio etc.....learned up after 6 months you start to trade with your real money I am sure at least you will not loose your capital.....( I am not successful trader though I am telling this....)
 
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