Pivot Trading- a new way of Trading

niftytaurus

Well-Known Member
Visnu bro

please tell date and scrip for reference purpose as i think long could have been done above high of 2nd bar itself , but for that more info is also needed.:thumb:
Nifty bro
now I have got it! my mistake!..I was taking this chart in reference of todays bank nifty..kya karu! bank nifty dimag sey nikalta nahi!
if that chart is today nifty, then my question is same. previous day closing nifty was also in visual down & gap down..so Why long & no erl reversal is there also..
If its some other scrip, then also we need yday price action to see Pa of previous day to decide about opening trend..
waiting for shubhadip reply
thanks
 

Subhadip

Well-Known Member
Subahdip bro

what is the minimum criteria for adding positions?

i mean what do you see and on what basis you add positions , maybe market is not in trending mode , so we wouldnt add right ? please throw some light :)
No criteria,

Use it as a base,

If market not trending, do not add...thats is all, but when in trending, go on adds..

Well but base should be ready for adds.
 

niftytaurus

Well-Known Member
Everything in a range....are you sure you can take these trades in live market?
good evening bro
I have just tried..Ya! you are right!
But how please tell some conditions or rules when we get alert not to trade on that area..as when it sees in chart ..damage had been done..
as today after 11 am , It becomes difficult to trade banknifty..i tried to trade & lost a lot..it again shatteterd my confidence on me.
So If we know some rules or condition when not to trade..as today its taking sl on both sides
sorry for my ignorance...but sometimes this kind of market make me depressed
thanks
 

wisp

Well-Known Member
dotted minor ERL trades will be tricky..

Ok, ST sir alreday answered..
Dear Subhadip
lin todays chart after which candle should I have stopped using minor erls. Was the first long trade wrong? Thanks a lot..
 

Subhadip

Well-Known Member
good evening bro
I have just tried..Ya! you are right!
But how please tell some conditions or rules when we get alert not to trade on that area..as when it sees in chart ..damage had been done..
as today after 11 am , It becomes difficult to trade banknifty..i tried to trade & lost a lot..it again shatteterd my confidence on me.
So If we know some rules or condition when not to trade..as today its taking sl on both sides
sorry for my ignorance...but sometimes this kind of market make me depressed
thanks
Dear Subhadip
lin todays chart after which candle should I have stopped using minor erls. Was the first long trade wrong? Thanks a lot..
so guys, it is the sideways, which is getting worse..
Is not it?

Yes, first trade is not there ...why to go long in that area?

my dear friends, all need to work on the identification of visual pivots... for identification of sideways...

Will come on a detail discussion regarding Sideways..

One easy solution is there:

Do not trade in the range of previous day afternoon range
 

Subhadip

Well-Known Member
Your view/answer is pending for your question.
what I will do I can tell you...

Short below any pivot (minor pivot)- Gap up and price coming down.

Long over Minor pivot after price not coming down (when i am sure that price is not coming down any more).
 

Subhadip

Well-Known Member
In Intraday Trading:

  1. Please do not trade when you are not sure.
  2. Please learn some setup- which you will jump onto it if you found it.
  3. Do not look in NF & trade in BNF (very dangerous)
  4. Trade the script which suits your temperament
  5. Not trading is also a part of the bigger plan of Trading.
  6. Always look into Daily & hourly charts for getting the bigger picture.
 

niftytaurus

Well-Known Member
In Intraday Trading:

  1. Please do not trade when you are not sure.
    [*]Please learn some setup- which you will jump onto it if you found it.
  2. Do not look in NF & trade in BNF (very dangerous)
  3. Trade the script which suits your temperament
  4. Not trading is also a part of the bigger plan of Trading.
  5. Always look into Daily & hourly charts for getting the bigger picture.
please tell some of those setups
thanks
 

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