Saint's Pivot Method put to practice.

[jamit_05]

Missing your posts for some time,Amit.......Good to have you back.

Wishing you all the best!Shall chip in with something here and there,or if any clarifications required.

Great going,Amit.
All the best,
Saint

Thank You Saint!!

Yes, pls find the time. We will require your opinions time and again.

 

[moneygurukul]

That really was my hang-up, the method is simple still elusive!!
There are several nuances that need to be ironed out, with practice it will be so.

Those nuiances (as I understand from people's question) are mostly subjective and I am afraid if one solution will suit all the people.

 

[jamit_05]

Those nuiances (as I understand from people's question) are mostly subjective and I am afraid if one solution will suit all the people.

It will all happen, have faith.

 

[jamit_05]

5 min chart Trailing Stop Moved to 4446

5 min chart Trailing Stop Moved to 4446

<Tks gpkc> and later the Trailing Stop Moved to 4415, due to the WRBs.

 

[gkpc]

Re: 5 min chart Trailing Stop Moved to 4446

5 min chart Trailing Stop Moved to 4446

However, due to WRBs in 5 min, moving the Trailing stop to 4390 seems okay. Pointers ne1?

By 2 bar method should it be above the high of the previous bar : 4415
We move to 4390 when low of 12.25 bar is broken...
Am i correct.....!!???

 

[moneygurukul]

Re: 5 min chart Trailing Stop Moved to 4446

5 min chart Trailing Stop Moved to 4446

However, due to WRBs in 5 min, moving the Trailing stop to 4390 seems okay. Pointers ne1?

Not due to WRB's but due to Parabolic Move. Mose of the times parabolic run will have WRB(s) but that is not the sole reason behind 2-bar stop method.

 

[rkkarnani]

Re: 5 min chart Trailing Stop Moved to 4446

5 min chart Trailing Stop Moved to 4446

<Tks gpkc> and later the Trailing Stop Moved to 4415, due to the WRBs.

Amit, One suggestion...this is from my expirience...you have posted a chart at 12.28...the 5min. bar of 12.30 has not completed!!! My opinion, always allow the bar to form fully and then decide about your action, do not try to preempt.... Consider the present bar complete when new bar starts to form!!! May at times save us from wrong move!!! My 2 cents,

 

[jamit_05]

Re: 5 min chart Trailing Stop Moved to 4446

By 2 bar method should it be above the high of the previous bar : 4415
We move to 4390 when low of 12.25 bar is broken...
Am i correct.....!!???

Good decision gkpc, your Trailing Stop at 4415 is still holding.

 

[jamit_05]

Re: 5 min chart Trailing Stop Moved to 4446

Amit, One suggestion...this is from my expirience...you have posted a chart at 12.28...the 5min. bar of 12.30 has not completed!!! My opinion, always allow the bar to form fully and then decide about your action, do not try to preempt.... Consider the present bar complete when new bar starts to form!!! May at times save us from wrong move!!! My 2 cents,

Of course Karnaniji, your 2 Cents are precious.... I have put them in my Tijori.

Yes, will heed that in future.

 

[moneygurukul]

Re: 5 min chart Trailing Stop Moved to 4446

By 2 bar method should it be above the high of the previous bar : 4415
We move to 4390 when low of 12.25 bar is broken...
Am i correct.....!!???

If we follow the two-bar method, the requirement of cutting lows is not needed. Once the 12:25 bar is complete, we should move stop-loss above the high of 12:20 bar which as per my data was @ 4397.25