Pivot Trading- a new way of Trading

[anilnegi]

Todays trade-
Relcap
sell @ 413.20 buy back @ 406.50,

Subha da i have seen many people take one bar formula to identify pivot(even saint sir do same), wherein you have taken 2 bar to identify pivot, it might cost us entry point sometime but it save us many whipsaw at a times, whats your view ??

thanks

anil negi

 

[nifty trade]

Anil bhai can you elaborate 1 bar formula m

 

[Subhadip]

Todays trade-
Relcap
sell @ 413.20 buy back @ 406.50,

Subha da i have seen many people take one bar formula to identify pivot(even saint sir do same), wherein you have taken 2 bar to identify pivot, it might cost us entry point sometime but it save us many whipsaw at a times, whats your view ??

thanks

anil negi

My view already shared in this thread.

Do some backtesting, you will understand which one is right for you.

 

[nifty trade]

Subhadip bro Thanks for this thread you did a wonderful job and I am really greatful

ST DA

Thanks to you for adding great inputs

Both of your inputs greatly helping me out in trading

 

[anilnegi]

Anil bhai can you elaborate 1 bar formula m

There is nothing like one bar formula its style of trading for identify pivot, pls read from start and you know

 

[nifty trade]

There is nothing like one bar formula its style of trading for identify pivot, pls read from start and you know

I have read thread, I don't know what exactly 1 bar formula you referring to

Please explain in short or post link

 

[anilnegi]

I have read thread, I don't know what exactly 1 bar formula you referring to

Please explain in short or post link

http://www.traderji.com/derivatives/99863-pivot-trading-new-way-trading-5.html

see post 50, many people take bar 6 as mph as soon as bar 8 takes the low of bar 6(this is one bar i was talking about) but we are taking 6 as mph only after bar 9 takes low of bar 8 as well, people uses different trading style as per their comfort.

i hope everthing is clear now,

thanks

anil negi

 

[sanjoy_roy]

Dear Subhadip, ST,

Please refer to the image BNF today 17/11 https://www.dropbox.com/s/4bq6eio3irgrha5/BNF 171115.png?dl=0

No trades taken only markings.

Kindly advise.

 

[anilnegi]

Todays trade-
Lic housing- Sell @ 469.20 bought back @ 463

Subha da- one advise how to choose stock for intra play, as sometime there are too much noise in the chart i normally trade only 2-3 stocks.

thanks

 

[anilnegi]

Todays trade

Yes bank buy 728.55 sold @ 732.95