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Nifty Intraday Floor Pivots

Discuss Nifty Intraday Floor Pivots at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by kkseal You can do this on a weekly basis CV instead of ...


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  #11  
Old 19th July 2007, 09:09 PM
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Default Re: Nifty Intraday Floor Pivots

Quote:
Originally Posted by kkseal View Post
You can do this on a weekly basis CV instead of daily which will probably be more convenient for you. But please provide labels on your chart for easy understanding (or provide a colour coding scheme that you'll be using on your charts).

Regards,
Kalyan.
Sure Kalyan, Good idea.

Problem with weekly updates is that as market structure changes levels change dramatically so better to update when breakouts/breakdowns happen.

As for labels, its straightforward really, if price is above a confluence, levels turn blue otherwise red.Also being a mix of various pivots and fibs, not much numerical labelling as well.I like to keep it as straightforward and simple as possible for trading hours.

Rgds
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  #12  
Old 19th July 2007, 09:38 PM
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Default Re: Nifty Intraday Floor Pivots

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Originally Posted by CreditViolet View Post
That looks good Ashish,they do match few of those levels, if they are automated levels, very good work indeed.

CV ,
After many yrs ,got really elated,yes all are those self coded which falls automatically on charts.

Asish
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  #13  
Old 19th July 2007, 10:11 PM
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Default Re: Nifty Intraday Floor Pivots

Quote:
Originally Posted by CreditViolet View Post
Sure Kalyan, Good idea.

Problem with weekly updates is that as market structure changes levels change dramatically so better to update when breakouts/breakdowns happen.

As for labels, its straightforward really, if price is above a confluence, levels turn blue otherwise red.Also being a mix of various pivots and fibs, not much numerical labelling as well.I like to keep it as straightforward and simple as possible for trading hours.

Rgds
Good CV & thanks for your effort.

I also use Fibs, but the plain, vanilla type - nothing as sophisticated as you & Asish. So what you post will hopefully also help me improve.

Regards,
Kalyan.
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  #14  
Old 19th July 2007, 10:19 PM
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Default Re: Nifty Intraday Floor Pivots

Just one query to you guys

When you calculate those Fib confluence levels, do you calculate them for a single (trading) timeframe or do you use other timeframes as well? If the latter, then what other timeframes would be more appropriate - higher or lower (w.r.t. the trading tf)?

(My guess is the higher ones, like if i'm trading the daily i'd have to use the Weekly & Monthly)

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Kalyan.
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  #15  
Old 20th July 2007, 06:32 AM
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Default Re: Nifty Intraday Floor Pivots

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Originally Posted by kkseal View Post
Just one query to you guys

When you calculate those Fib confluence levels, do you calculate them for a single (trading) timeframe or do you use other timeframes as well? If the latter, then what other timeframes would be more appropriate - higher or lower (w.r.t. the trading tf)?

(My guess is the higher ones, like if i'm trading the daily i'd have to use the Weekly & Monthly)

Regards,
Kalyan.
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
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  #16  
Old 20th July 2007, 07:02 AM
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Default Re: Nifty Intraday Floor Pivots

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Originally Posted by uasish View Post
CV ,
After many yrs ,got really elated,yes all are those self coded which falls automatically on charts.

Asish
........................
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  #17  
Old 20th July 2007, 07:11 AM
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Default Re: Nifty Intraday Floor Pivots

Attached..
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File Type: png 20 jul fib.png (12.7 KB, 73 views)
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  #18  
Old 20th July 2007, 07:51 AM
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Default Re: Nifty Intraday Floor Pivots

CV,
As you may not trade in NSE Cash ,if you have the chart of Balarampur Chini's 7th March (EOD) ,plz say does these come near to your levels ,actually i was trading in Cash more than futures.Your observstion will work as 'Validation' for me.

Asish

http://www.traderji.com/81003-post48.html

Last edited by uasish; 10th August 2008 at 11:46 PM.
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  #19  
Old 20th July 2007, 10:18 AM
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Default Re: Nifty Intraday Floor Pivots

Quote:
Originally Posted by uasish View Post
CV,
As you may not trade in NSE Cash ,if you have the chart of Balarampur Chini's 7th March (EOD) ,plz say does these come near to your levels ,actually i was trading in Cash more than futures.Your observstion will work as 'Validation' for me.

Asish

http://www.traderji.com/81003-post48.html
Hi Ashish
I dont track that counter, I track most of the frontline SFs, if you have any doubts there, lemme kno.

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.

Laters
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  #20  
Old 20th July 2007, 02:11 PM
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Default Re: Nifty Intraday Floor Pivots

Update for you lads!

Compare the levels given in the morning to current market action.Uncanny eh

Hope it helped somebody!
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File Type: png NF Floor Update.png (6.9 KB, 75 views)
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