Nifty Pivot-based Mechanical Trading System coupled with 2 and 3 Day Swing Calls

lazytrader

Well-Known Member
Hi Sunil,

As per theory, the requirements for rising wedge confirmation are

a) a fall in volumes as the wedge forms

b) Wedge formation to be below 50% Fibonacci

In this case the volumes are increasing within the wedge and the current levels are just above 50% Fibonac (have to check the Fibonac bit).

May just be a false signal. What do you feel?

Also, what if this ends up generating an ascending triangle formation, in which case it would be a continuation pattern? (hopefully)
What 50% fibonacci are you talking about. can you please explain?
 

lazytrader

Well-Known Member
Hi Sunil, I had once checked your excel sheet but didnt use it for trading but now I was going through Mark Fishers' ACD system which seems to use this 2 day and 3 day rolling pivot. Did you implement the same in your excel sheet?

I have another doubt where he compare's yesterdays close to todays pivot (obtained from yesterdays HLC) and says tht the sentiment is bearish/bullish for "today" depending on yesterdays close is below/above todays pivot (obtained from yesterdays HLC).

How do you read it?
 

ag_fx

Well-Known Member
Can you tell me where I can download the Nifty future EOD data from?
Try investbulls

or here

remove spaces:

http://www . 4 sh a r e d . com/dir/1945306/b41e3d61 /Intraday_Future_Data. html


Happy Trading..
 

lazytrader

Well-Known Member
Try investbulls

or here

remove spaces:

http://www . 4 sh a r e d . com/dir/1945306/b41e3d61 /Intraday_Future_Data. html


Happy Trading..
Thank for the link

Investbulls only provide intraday data for download. I wanted the OHLCV for each day. Is that also available with investbulls?
 
Last edited:

ag_fx

Well-Known Member
Thank for the link

Investbulls only provide intraday data for download. I wanted the OHLCV for each day. Is that also available with investbulls?

Yes,investbulls have OHLCV data for cash and NF. The rapidshare link that I have given will give u futures data for all entities starting from 2007.
 

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