iCharts Discussions

[ashis]

Dear sir,

On 21st February, we were trading bellow this 5460 level up to 2:30 p.m. and at the time of closing it is above 5460 and now on 23rd close bellow 5460 so now please update why should not we consider this 5542 as swing pivot for down trend?

Awaiting for your comment
regards
Ashis

[pringle]

thanks speculator for this great method
also like to thank shekharinvest for his input,i am following this thread for sometime quietly.
plz check

banknifty

2o min tf........downswing pivot@ 10865


nifty

15 min tf.........downswing pivot@ 5589

after 21 feb,there is no new low ,so pivot is still there,if price go below 21 low tomorrow, then only 5501 will become new downswing.

[enroute]

thanx for the clarification .....


regards

[girishhu1]

[Speculator]

In uptrending markets trade bullish rejections. In downtrending markets trade bearish rejections.

Nifty

15-min: Downtrending, Downswing Pivot 5589
30-min: Downtrending, Downswing Pivot 5589


Nickel:

15-min: Downtrending, Upswing Pivot 1310.7
30-min: Downtrending, Upswing Pivot 1310.7

Copper

15-min: Downtrending, Downswing Pivot 432.30
30-min: Downtrending, Downswing Pivot 445.30


- Speculator

[ashis]

Dear sir,
Now market breaks important 5400 leval so can we now in downtrend? If yes then for down trend our swing pivot is 5589 (High) ? or 5490 where market start to come down?

Awaitng for comment.
Regards
Ashis.

[Jai2000]

Hi Ashis,

Spec sir Explaind all very clearly.We are in down trend since 18/2 (15Hrs) after the Upswing pivot (5460.10)broken. Inbetween we had 2 nice downside rejections too.I marked something in chart.I try to explain in simple way.

01. 5460.10 -Upswing pivot

02. The Pivot broken, so trend is now down as per Spec sir System

03. 5589 is the Down pivot( Once Trend Change previous swing's High
or Low should be the Pivot.)

04. 5411 is the low after Pivot broken

05 & 06. Rejection Entry for short

07.Previous low 5411 is broken today(24/2/"11)

08. 5538.80 is the NEW dwn pivot now.

Hope it will help you!
Regards,
Jai.

[Jai2000]

Friends,

Here again the magic of 5Tf pivot trading(intra) based on Spec sir method.5411 was Up pivot in 5Tf. Today it broken @ 9.30 & We had a opportunity for short entry with SL of Just 10 points.

Spec sir Thank you as always!!!

Regards,
Jai

[nonchalant zooid]

[mariner]

Good day spec sir
Iam big follower of this thread and all your posts on SB. Thanks for helping all the newbies like me.....atleast now i can say i ve a system and i try to follow it as much as possible....after committing all kind of mistakes wat a person can think of while trading futures in past one year.
i need ur guidance on postioning sizing
If a bnifty or nifty lot value is between 2.6 to 3 lakhs.....how much capital is correct as per u to trade per lot so that the leverage is ok?

rgrds
Mariner

[ashis]

Dear Jai2000

Thanks for this brief detail.
I'm little confused about 5460 level for up move's swing pivot. because I'm not sure about RSI value @5460. Please update me in your chart is it surely over sold? If yes then only we can consider this as swing pivot other wise over swing pivot for up move is 5408 is it right?
Please guide.

Regards
Ashis

[Speculator]

In uptrending markets trade bullish rejections. In downtrending markets trade bearish rejections.

Nifty:

15-min: Downtrending, Downswing Pivot 5538.8
30-min: Downtrending, Downswing Pivot 5538.8


Nickel:

15-min: Downtrending, Downswing Pivot 1297.5
30-min: Downtrending, Downswing Pivot 1297.5

Copper

15-min: Uptrending, Upswing Pivot 423.6
30-min: Uptrending, Upswing Pivot 423.6


- Speculator

[Jai2000]

Ashis hi,

@5460.10 NF was clearly Over sold.Hope you use RSI 5!

Regards,
Jai.

[ashis]

Dear JAi2000
Thanks for post.
Yes you areright.
Actualy I'm using RSI-5
I refer Speculater sir's literature but honestly speaking I can uderstand to decide about Swing Pivot. but there is always confusion how to use RSI so it's my pleasure if you have knowledge about how to use RSI then post for me.
I have some idea that after up move when red candle forms next to green candle bellow 34-ema then only we can short with SL of high. which exatly forms in your posted chart. Is there any technique other then this for RSI. If yes then it's my pleasure if you will post with example.

Thanks for support.
Regards
Ashis

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