Pivot Trading- a new way of Trading

[anilnegi]

I am posting a daily/weeekly chart

yes bank
daily chart

weekly chart

it was a perfect trade but the problem is bigger Sl, in this time the sl is around 80 point from so the target should be double atleast, fortunately we have achieved that also arouund 600, but it may not possible always.
thanks

 

[Subhadip]

I am posting a daily/weeekly chart

yes bank
daily chart

weekly chart

it was a perfect trade but the problem is bigger Sl, in this time the sl is around 80 point from so the target should be double atleast, fortunately we have achieved that also arouund 600, but it may not possible always.
thanks

Back test some more, you will love it....

 

[Subhadip]

I am posting a daily/weeekly chart

yes bank
daily chart

weekly chart

it was a perfect trade but the problem is bigger Sl, in this time the sl is around 80 point from so the target should be double atleast, fortunately we have achieved that also arouund 600, but it may not possible always.
thanks

Now it is ready for a long entry...is not it ? 780 to probably 880..will be juicy

 

[TracerBullet]

When there is no momentum after pivot low break, will you cover too?
So In above example, cover above the first green bar after entry as its high is above PL? If yes, after exit price fails to move up too. Is re-entry below PL ok ?

This also means that the initial SL above pivot high is only for protection against immediate rejection and we plan to get out earlier if price stays above PL.

when there is no mommentum better not to trade pivot breaks rather than trade the extremes for failures. when previous days low or highs are not broken better not to trade that stock as that might be consolidating after a nice move and particular day will turn out to be an inside day.

Just to add, this is also explained here

Today was a sideways day in the markets. We had closed at the high point of the day yesterday and today we opened with a gap down in yesterday afternoon's price range. This was an indication right in the morning that we have a sideways day at hand. Such days are sideways, choppy and it is better to wait till clear trends emerge on such days before taking any trading positions.

 

[SevenD]

Subhadip, my heartfelt thanks:clapping: for everything you've taught so far.:thumb:

Could you post specific entry and exit rules for this moving averages strategy, as well as precautions to consider, also your views if will it be same for lower time frame entries compared to entries taken on say 15m Tf looking at hourly, or hourly TF looking at daily. I've understood entry, but exits which is more important is a bit hazy.

Thanks..

 

[Subhadip]

Subhadip, my heartfelt thanks:clapping: for everything you've taught so far.:thumb:

Could you post specific entry and exit rules for this moving averages strategy, as well as precautions to consider, also your views if will it be same for lower time frame entries compared to entries taken on say 15m Tf looking at hourly, or hourly TF looking at daily. I've understood entry, but exits which is more important is a bit hazy.

Thanks..

Entry Rule:

• When Higher time frame chart price above both MA line
• at Lower TF, if price above both MA line & breaks a pivot high
• at Lower TF, when price breaks above an aggressive pivot high
• Entry always at lower TF chart

Exit rule:

• At lower TF chart if pivot low broken
• at Lower TF, if decline confirmed
• in lowerTF chart price in key price point- e.g. NF at 8000, 8500 etc

All entry and exit should be same in what ever chart you trade, but trade should be seeing higher TF chart and entry done at lower TF chart..

For bear entry just the reverse.

Hope it clears some doubt.

 

[vishnu_1990v]

Subhadip Da,
Please clear a doubt whether decline to be considered on circle marked on chart as three candles are within that big white candle.
Is this entry and exit correct.
Should we exit at Point A or Point B.
Stoploss is it correctly marked.

3min chart

stoploss and entry chart on 3min time frame

15min chart

vishnu_1990v

 

[Subhadip]

Subhadip Da,
Please clear a doubt whether decline to be considered on circle marked on chart as three candles are within that big white candle.
Is this entry and exit correct.
Should we exit at Point A or Point B.
Stoploss is it correctly marked.




3min chart

SL Big Bar low. as all are within that big bar- inside bar.

stoploss and entry chart on 3min time frame

:clap::thumb:

15min chart

vishnu_1990v

OK.

 

[SevenD]

Entry Rule:

• When Higher time frame chart price above both MA line
• at Lower TF, if price above both MA line & breaks a pivot high
• at Lower TF, when price breaks above an aggressive pivot high
• Entry always at lower TF chart

Exit rule:

• At lower TF chart if pivot low broken
• at Lower TF, if decline confirmed
• in lowerTF chart price in key price point- e.g. NF at 8000, 8500 etc

All entry and exit should be same in what ever chart you trade, but trade should be seeing higher TF chart and entry done at lower TF chart..

For bear entry just the reverse.

Hope it clears some doubt.

Subhadip,

Thanks for your prompt response!:clapping:

Exit rule no 3, do you mean BRN?
So for exits we will consider pivot points, Declines/inclines, and BRN, no consideration to be given to MA's.
Sorry to be racking your brains

Thanks

 

[Subhadip]

Subhadip,

Thanks for your prompt response!:clapping:

Exit rule no 3, do you mean BRN?
So for exits we will consider pivot points, Declines/inclines, and BRN, no consideration to be given to MA's.
Sorry to be racking your brains

Thanks

Sorry No !dea of BRN...

Exit mainly pivot break or Rally/ decline, or some important numbers if related..