Pivot Trading- a new way of Trading

sl hit in crude

but pivot method give good opening trade in NIFTY,TM,RINFR& RCAPITAL
Will post chart in evening
nifty is moving slowly..

Hi NiftyTaurus,

Could you post the chart? This will help us in understanding the timeframe on which you took the trade and all of us can also learn.

BTW, I think Subhadip da mentioned that its better to trade after 4.30 or 5 in the evening as moves are more prominent.

Thanks!

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exiting all positions now
charts will post in evening
thanks

Today was the second day...like that day after I have posted.

Today's trade in NF 15 min, short third bar low, SL, third bar high.

With adds, around 130 points....

Adds are at 10:00 bar low,11:00 bar low,12:30 bar low,

Covered at 8570 to 8575 range....

:thumb::thumb::thumb:

Half exit at 8570, other half at 8575

Hi Shubhadeep Bro
I totally agree with you that we should trade like a crocodile & go for big dinner
http://www.learntotradethemarket.co...-crocodiles-can-teach-you-about-forex-trading

here is a good article to trade very few trades but catch a big move..

But still I have some queries regarding that..
a)How do we know in advance that today that BIG DAY is coming?what are the symptoms that index & scrip will be showing?
b) Please tell those high probability setups that will give chance of those big moves?
c) when we take trade we dont know how far that move will go or we can say we dont know how many points will this move give? so how do we know that in advance?
Please put some more lights on this topic..as those high R:R taking idea is really indeed a great idea as r:r is almost 1:10..just ONE GOOD TRADE IN ONE month & get 10 r which is 10% in a month which is great
Regards

Today's case was easy, like NF opened almost 80 point down, was holding NF short with hedge (positional).
Gap down, opened big gap down, shorted half position at 10 bar low(this was test short). full shorted at 11 bar low, then all add taken.

Do not predict market, it can move 20 point or it may move 120 point, we do not know.


Yes, i told , do not have to trade all day, in small move day. Like Monday, predicted sideways day, just hold the positional trade, no intraday trade, although seen and OBSERVED BNF moving down from a nice triangle setup and moved almost 40 to 50 points down, but not traded.

Now a days some how choosy....
we have to take our chances.

Now we have to look for the perspective also.

Last 2 days US market moved down pretty much. Also after gap down our market will also be down trend. so taken chance.

After third bar of today - it is high probability trade. Knowing that also, still taken test short....

If i had taken the first short full quantity, it would have been 160 points or may be more. But half taken, so 130 points.

5min..nifty future
setup-
a) nifty big gap down
b) previous day a good consolidation
c) trend was down
c) entry-a low below first five monute candel & 15 min candel low also..put order at 8639 sl-m..executed at 8637..
d) exit- near round number 8600..around 8606..as it was big round number..& I dont take partial exits..i exit always with full positions
I know exit was not good at all ..if i put my tsl on PH..than also it would not have gone..
but I have lack of patience..in 3 hours, nifty moves so slowly so i found decline so slow though there is no sign of bulls ..but here psychology baggge comes..I know shubhadeep bro will scold me for that bad exit..but I have to work a lot on it..
thanks

Why bro,

At last profit maters, may be small, but still in profit, is not it?

Now learn from it:
1. do not exit full. Need some indication that trend is not continuing.

2. Please try to add, if any one can not trade in NF with add, go for In the money call or put as per convenience.

3. When price moving slowly, think that STORM IS COMING