Saint's Pivot Method put to practice.

[jamit_05]

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You plan to exit on a 5min pivot crack.

Saint

That crack, as mentioned in your post, has come-by. Trade exited at 4509.

Illustration in attachment.

Tks for the explaination Saint.

 

[jamit_05]

Updated 30 min Pivots.

The earlier downtrend of 30 min has ended as the PH of 4505 was broken.

Updated 30 min Pivots:

PH : 4525
PL : 4334

Now, we will keep an eye out for the price when it nears the PL for any threats of trend change.

 

[rakeshluthra430]

Now, when do we take Short position? There is a Decline (not downtrend) on 30 min charts....so break of last PHigh shd be used for entering long position.

But now we short when....on break of PLow on 30 min..which was yesterdays low? Or....if the next upmove on 30 min fails to take out PHigh on 30...and instead breaks the higher PLow it just made (this shd be it I suppose)?

As you said JAmit...lot of cobwebs will emerge and get cleaned as we move ahead..... Truly appreciate your efforts in starting this thread....let me know if I can be of any help.

Thanks,
Rakesh

 

[Saint]

Re: Updated 30 min Pivots.

The earlier downtrend of 30 min has ended as the PH of 4505 was broken.

Updated 30 min Pivots:

PH : 4525
PL : 4334

Now, we will keep an eye out for the price when it nears the PL for any threats of trend change.

Yep....

Saint

 

[Saint]

That crack, as mentioned in your post, has come-by. Trade exited at 4509.

Illustration in attachment.

Tks for the explaination Saint.

Right-on,Amit

Saint

 

[Saint]

Hope you caught that move above 4500...

Saint

 

[Smart_trade]

5 m PH taken out at 4494.9 BUY and SL 4480 (PL)

 

[Saint]

5 m PH taken out at 4494.9 BUY and SL 4480 (PL)

Yep,Smart Trade


Saint

 

[jamit_05]

Meanwhile,trend analysis wise,30min is still in an iffy zone........5min is clearly in an uptrend.Above 4500,30min is in an uptrend.
The trend trade will soon come..........The downtrend/decline on the 5 will be your entry.

Saint

This is a non-Gap related question. In the above you said that that above 4500 30min is in an uptrend.

You have taught since the very beginning that an uptrend is a higher pivot high and a higher pivot low, BOTH... so shouldnt one wait for a Higher PL in this 30 min chart too (we already have a higher PH after the break of 4507) before making any Buys?

 

[deb99891]

hii saint
havea look at crompton greave with ur 60 min/eod/ pivot high
weekly not sure
a good long candidate here?
waitin for ur reply