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Fibo 15 Support Resistance Intraday |
RAJDESAI1967
Yellow Belt
Joined: 19 Mar 2013
Posts: 518
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Post: #301  Posted: Tue May 21, 2013 9:43 am Post subject: nifty |
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todays lvls
high/low--6171.6 6155.35
upper lvls-- 6181.5125 6197.7625
mid point-- 6163.475
lower lvls--6145.4375 6129.1875
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twist
Joined: 12 Feb 2010
Posts: 333
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| Post: #302 Posted: Tue May 21, 2013 10:47 am Post subject: |
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lower 161 
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Dutt
White Belt
Joined: 01 Nov 2010
Posts: 118
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| Post: #303 Posted: Tue May 21, 2013 1:02 pm Post subject: |
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| touched lower 261 and closed at 6134.15, the next candle still hovering near it
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RAJDESAI1967
Yellow Belt
Joined: 19 Mar 2013
Posts: 518
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| Post: #304 Posted: Tue May 21, 2013 1:03 pm Post subject: nifty |
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twist--
Lower 261 also doneee
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Dutt
White Belt
Joined: 01 Nov 2010
Posts: 118
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| Post: #305 Posted: Tue May 21, 2013 1:08 pm Post subject: |
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| pavan29 wrote: | | twist wrote: | MIDPOINT
Midpoint of Upper n Lower 161 works as pivot, can be used for deciding intraday trend
GENERATING LEVELS FOR ONEWAY/TREND MKT
When mkt is going one way we need more levels to move sl/tsl or for booking profits for that we can take 161/261 as high low to generate further levels its 161/261 of 161/261. Basically it is s3 s4 / r3 r4
all those who are using these levels can backtest this on their chart
Levels For Swing Trading
For Swing Trading take weekly high low to generate 161 levels & get a Midpoint of Upper N Lower 161 levels, Upper level acts as Resistance, Midpoint acts as Pivot, Lower level acts as Support.
Weekly levels can be used with your swing trading system for profit booking or to know Direction/Trend. Similarly Daily Levels are also useful for Intraday/BTST trades
Regards.
Twist
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never buy sell blindly at S/R levels always use your trading system TA/FA/PA whatever to make a trade decision  |
Hi
Can you provide an openable attachment for this.....its showing as a zip file with xml contents |
Dear Twist ,
As per the above explaination i have taken the low 161 and 261 for generating further levels.
This is what i got Mid point 6137.30
Upper
261-6171.50
161-6155.30
Lower
261-6103.10
161-6119.30
Hope my understanding is correct as per the explaination.. correct me if wrong.
Thanks
Aloakdutt
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twist
Joined: 12 Feb 2010
Posts: 333
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| Post: #306 Posted: Tue May 21, 2013 1:29 pm Post subject: |
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| Dutt wrote: |
Dear Twist ,
As per the above explaination i have taken the low 161 and 261 for generating further levels.
This is what i got Mid point 6137.30
Upper
261-6171.50
161-6155.30
Lower
261-6103.10
161-6119.30
Hope my understanding is correct as per the explaination.. correct me if wrong.
Thanks
Aloakdutt |
Dear Dutt when generating s3/s4 we use lower range of lower 161/261 which is 261-6103.10 161-6119.30 we dont need upper levels n midpoint in it
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twist
Joined: 12 Feb 2010
Posts: 333
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| Post: #307 Posted: Tue May 21, 2013 1:41 pm Post subject: |
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Dutt example for you using todays values
todays lower 161-6144 261-6128 now draw fibo on this levels you will get s3-6117 s4-6100
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twist
Joined: 12 Feb 2010
Posts: 333
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| Post: #308 Posted: Tue May 21, 2013 2:59 pm Post subject: |
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lower to upper > upper to lower  crazy mkt
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sureenderkalra
White Belt
Joined: 11 Dec 2012
Posts: 174
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| Post: #309 Posted: Tue May 21, 2013 3:08 pm Post subject: Calculate all levels |
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Hi everybody,
Twist, I have been tallying nifty move with your this technique for few days. And found that It is really wonderful. Nifty reverse from one point to another according to the pattern described by you.
I am attaching a xls file so that everyone might calculate all levels at ease whether it is R3/R4 or S3/S4
Thanks Twist for sharing such technique with us.
Sureender
| Description: |
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Download |
| Filename: |
FIBPOINTS.xlsx |
| Filesize: |
38.37 KB |
| Downloaded: |
353 Time(s) |
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twist
Joined: 12 Feb 2010
Posts: 333
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| Post: #310 Posted: Tue May 21, 2013 3:21 pm Post subject: Re: Calculate all levels |
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| sureenderkalra wrote: | Hi everybody,
Twist, I have been tallying nifty move with your this technique for few days. And found that It is really wonderful. Nifty reverse from one point to another according to the pattern described by you.
I am attaching a xls file so that everyone might calculate all levels at ease whether it is R3/R4 or S3/S4
Thanks Twist for sharing such technique with us.
Sureender |
Wow Thanks Sureender  this one is perfect i will upload it on first post  gr8 work sureender ji
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sureenderkalra
White Belt
Joined: 11 Dec 2012
Posts: 174
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| Post: #311 Posted: Tue May 21, 2013 3:33 pm Post subject: |
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| Thanks for the compliments. I am ready to do anything for such a marvellous person like you who do not hesitate to share their brain work with others so that everyone can get benefit out of it.
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Dutt
White Belt
Joined: 01 Nov 2010
Posts: 118
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| Post: #312 Posted: Tue May 21, 2013 3:39 pm Post subject: |
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| twist wrote: | | Dutt wrote: |
Dear Twist ,
As per the above explaination i have taken the low 161 and 261 for generating further levels.
This is what i got Mid point 6137.30
Upper
261-6171.50
161-6155.30
Lower
261-6103.10
161-6119.30
Hope my understanding is correct as per the explaination.. correct me if wrong.
Thanks
Aloakdutt |
Dear Dutt when generating s3/s4 we use lower range of lower 161/261 which is 261-6103.10 161-6119.30 we dont need upper levels n midpoint in it |
Dear Twist, Thanks for the clarification
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twist
Joined: 12 Feb 2010
Posts: 333
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| Post: #313 Posted: Tue May 21, 2013 3:40 pm Post subject: |
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| sureenderkalra wrote: | | Thanks for the compliments. I am ready to do anything for such a marvellous person like you who do not hesitate to share their brain work with others so that everyone can get benefit out of it. |
are sir kitna kuch bol diya Thanks
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #314 Posted: Tue May 21, 2013 3:40 pm Post subject: |
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| will levels based on weekly ever be usable?
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twist
Joined: 12 Feb 2010
Posts: 333
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| Post: #315 Posted: Tue May 21, 2013 3:42 pm Post subject: |
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| Dutt wrote: |
Dear Twist, Thanks for the clarification |
Dear Dutt download calculator uploaded by sureender just put 15min high low n u will get all the levels
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