Pivot Trading- a new way of Trading

[jaykrat]

Use Dual time frame... It will remove many ambiguity about the trend
rather than seeing trend on 3 different time frame...

For example, I required my setup formation in 15 minutes TF and execute the
trade in 3 minutes...

So if I understand it right, the right move now is to short FUT-NIFTY-26-NOV at 8250 with a stop loss of 8290? Target?

Thanks for replying !!!

 

[jaykrat]

Hits 8195... I guess I read the chart right (fluke)..? LOL

 

[anilnegi]

Use Dual time frame... It will remove many ambiguity about the trend
rather than seeing trend on 3 different time frame...

For example, I required my setup formation in 15 minutes TF and execute the
trade in 3 minutes...

pls post your trade if possible after market hours for education purposes only.

thanks

 

[kainiteh]

pls post your trade if possible after market hours for education purposes only.

thanks

I don't want to disturb this thread, it is clean and we are talking off topic...
Please check this, http://www.traderji.com/members-discussion-forums/99242-indecision-fib-ret-setup-intraday-4.html#post1114292

 

[shekharinvest]

Subhadip,

This is todays Bank Nifty 3 min chart Nov Series. Price opened Gap down, first 3 min candle is WRB and the subsequent so many bars are all inside bars in fact two minor pivots too formed within the range of first bar.

My question is where one should have shorted today (1) @ 17760 or (2) @ 17713 ? as shown in the attached chart. Is SL shown @ 17801 is correct or it should have been at the days high ?

How you traded BNF today ?

SHEKHAR

 

[jaykrat]

If I shorted FUT-NIFTY-NOV-26 at 8280, my stop loss to book profit must be at 8125 (previous Higher PIVOT Low) or should I book once it crosses the trend line?

Would really appreciate if someone could guide.. Thanks !!

 

[Subhadip]

subha da

hope all is well long time no see, the thread need your guidance and your presence pls post some example of trade to be done on daily.

thanks

Yes, all are good.

Some personal need indeed... also Puja vacation...

 

[Subhadip]

Use Dual time frame... It will remove many ambiguity about the trend
rather than seeing trend on 3 different time frame...

For example, I required my setup formation in 15 minutes TF and execute the
trade in 3 minutes...

:clap::thumb::thumb:

 

[Subhadip]

So if I understand it right, the right move now is to short FUT-NIFTY-26-NOV at 8250 with a stop loss of 8290? Target?

Thanks for replying !!!

which Time frame u are thinking of trading...post some charts .. I want to know ur understanding..

 

[Subhadip]

Subhadip,

This is todays Bank Nifty 3 min chart Nov Series. Price opened Gap down, first 3 min candle is WRB and the subsequent so many bars are all inside bars in fact two minor pivots too formed within the range of first bar.

My question is where one should have shorted today (1) @ 17760 or (2) @ 17713 ? as shown in the attached chart. Is SL shown @ 17801 is correct or it should have been at the days high ?

How you traded BNF today ?

SHEKHAR

Shorted at your point 1....SL at the the SL marked area...

These last three days a good way to trade pivot trading...hope all are enjoying..