Pivot Trading- a new way of Trading

[Subhadip]

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 !!

Do u know what is the significance of line you have drawn...


If you know that, then you must know the answer also...

Enjoy..

 

[jaykrat]

Do u know what is the significance of line you have drawn...


If you know that, then you must know the answer also...

Enjoy..

Honestly, I read that trendline is really important buy I also read that one should wait until it breaks the higher pivot low.. So I dont really know the answer for my question and that is the reason I needed the guidance..

So the answer is to cover when it breaks out of trend line and not wait until it goes above previous pivot's high?

Thanks !!

 

[Subhadip]

Honestly, I read that trendline is really important buy I also read that one should wait until it breaks the higher pivot low.. So I dont really know the answer for my question and that is the reason I needed the guidance..

So the answer is to cover when it breaks out of trend line and not wait until it goes above previous pivot's high?

Thanks !!

Enjoy,....:thumb:

 

[jaykrat]

Enjoy,....:thumb:

Now that it broke and fell again to 8158 leve, should I modify the trendline with the newly formed higher pivot low? Around 8182 is the new higher pivot low because of the last fall.. Is that right?

Thanks again for answering !!

 

[jaykrat]

Enjoy,....:thumb:

Let me put my question this way...

I have attached the screenshot that I took with a trendline that I drew at 11:15 AM today (10/29).. The market fell a couple of times and formed 2 new lower pivots.. At this point, should we change the trendline angle? have attached another screenshot with new trendline that I drew at 4 PM.. Will this help us to exit from our short position sooner with better profit? Or is this a bad idea?

https://www.dropbox.com/sh/tdx3vwziuvvqi7j/AACd-Yj8Z2s1nReFq-8vbMPHa?dl=0

Can you please check and reply?

Thanks !!

Edited to add 30-Oct-15 - It looks like the trend changed and I covered my 8280 short position at 8170.. I hope I did it right..

 

[Subhadip]

Let me put my question this way...

I have attached the screenshot that I took with a trendline that I drew at 11:15 AM today (10/29).. The market fell a couple of times and formed 2 new lower pivots.. At this point, should we change the trendline angle? have attached another screenshot with new trendline that I drew at 4 PM.. Will this help us to exit from our short position sooner with better profit? Or is this a bad idea?

https://www.dropbox.com/sh/tdx3vwziuvvqi7j/AACd-Yj8Z2s1nReFq-8vbMPHa?dl=0

Can you please check and reply?

Thanks !!

Edited to add 30-Oct-15 - It looks like the trend changed and I covered my 8280 short position at 8170.. I hope I did it right..

You are doing good....but please go through the thread from the start again....

CAn not see your images.. please learn how to post images in the thread....

 

[vishnu_1990v]

Subhadip Da,
Thank you,

vishnu_1990v

 

[PUCHU_2500]

Let me put my question this way...

I have attached the screenshot that I took with a trendline that I drew at 11:15 AM today (10/29).. The market fell a couple of times and formed 2 new lower pivots.. At this point, should we change the trendline angle? have attached another screenshot with new trendline that I drew at 4 PM.. Will this help us to exit from our short position sooner with better profit? Or is this a bad idea?

https://www.dropbox.com/sh/tdx3vwziuvvqi7j/AACd-Yj8Z2s1nReFq-8vbMPHa?dl=0

Can you please check and reply?

Thanks !!

Edited to add 30-Oct-15 - It looks like the trend changed and I covered my 8280 short position at 8170.. I hope I did it right..

I am also not finding your chart.....for image upload download free software pickpick and click my signature 'how to.....'

 

[anilnegi]

Subhadip Da,
Thank you,

vishnu_1990v

i did not understand this entry, may be need to learn more about ERL

 

[vishnu_1990v]

anilnegi,

4)When price comes back above the support line.
5)Enter long above the recent pivot high .
6)Pvt should be above the support line.
7)To know more about erl pls go through this thread which is explained by subhadip da.
vishnu_1990v