|
|
| Discuss Saint's Pivot Method put to practice. at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by Saint Hi LVG, Not able to actually define major and minor pivot ... |
|
|||||||
| Notices |
| Technical Analysis Discussion of all the principles involved in technical analysis. |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#111
13th June 2008, 03:27 PM
|
|||
|
|||
Re: Saint's Pivot Method put to practice.
Quote:
|
| Sponsored Links |
|
#112
16th June 2008, 10:10 AM
|
|||
|
|||
|
Re: Saint's Pivot Method put to practice.
As always,long above the 5min bar high.........
Saint
__________________
"You cannot change the direction of the wind,but you CAN adjust your sail..."
|
|
#113
16th June 2008, 10:12 AM
|
|||
|
|||
|
Re: Saint's Pivot Method put to practice.
Quote:
Saint
__________________
"You cannot change the direction of the wind,but you CAN adjust your sail..."
|
|
#114
16th June 2008, 10:19 AM
|
|||
|
|||
|
Re: Saint's Pivot Method put to practice.
Quote:
1) Just the Pivot break in 30 min gives us our trend. 2) Enter at the break of a pivot and in the direction of the above trend. 3) Add at the following 5 min pivot, once the previous position is out of the rough. Saint, please correct the rules and, better still, print your version so that all of us can refer to them.
|
|
#116
16th June 2008, 11:12 AM
|
|||
|
|||
|
Re: Saint's Pivot Method put to practice.
Saint, in this method of 30/5.... what portion of your entire allocation to Nifty trading do you put in the first trade... 5, 10 or 20%
I mean, there are several whipsaws in the 5 min PH break type entry... the strike rate is well below 50%. So, while you take the first 5 min pivot high break your position sizing must be a very cautious one? And as the trade gathers momentum and moves smartly in your direction you must be going hammer and tongs on it by putting in the entire load in 2 bits. Essentially, this method relies heavily on adds. I mean, if one is trading only the first 5 min Pivot break... then this method will definitely not earn him at all. Please comment and feel free to correct.
|
|
#117
16th June 2008, 11:33 AM
|
|||
|
|||
|
Re: Saint's Pivot Method put to practice.
SL raised to 4574, which is now threatened... on the break of which going short seems ok... this is against the 30 min trend, but tempting
|
|
#119
16th June 2008, 12:36 PM
|
|||
|
|||
|
Re: Saint's Pivot Method put to practice.
Quote:
Basically doing this you are not exactly intraday trading,are you?You are basically buying and selling as per the 30min charts,and using the 30 to keep you from the unnecessary trading.The only thing similar to hardcore intraday trading is that you are exitting all positions at the end of the day and reentering the next day. Therefore the reason I never started this thread.........Have made lots using this method,but made far far more using the 60min flow.....with less frustrations as well......and with less money to the broker. Pivots are nice in the 30,60 and above scenario..........but irritating on a 5.With all the adds,does it work?Yes.........but not before it makes you a manic-depressive. Saint
__________________
"You cannot change the direction of the wind,but you CAN adjust your sail..."
|
|
#120
16th June 2008, 02:26 PM
|
|||
|
|||
|
Re: Saint's Pivot Method put to practice.
saint
sir,, what ia hev noticed .. practically..that trading bon support / res..(nifty ) is much more quicker than trading on pivots,,,,on 5min no matter whtever span it is... because at times if nifty is making consolidation it can not be much longer ..though...tehn difficult to get judge of pivots,,, sometimes sudden fall / ups,,, disturbs teh pivot theory....tehn that sudden move has to take rest ,,,or u eneter from fresh pivots renu
|
| Sponsored Links |
|
|
|
| Bookmarks |
| Thread Tools | |
|
|
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
