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Swing Trading : The Speculator way |
diwakar
White Belt
Joined: 10 Feb 2010
Posts: 54
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Post: #331  Posted: Thu Mar 03, 2011 4:50 pm Post subject: Re: Swing pivots - March 3 |
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| Speculator wrote: | In uptrending markets, trade bullish rejections. In downtrending markets, trade bearish rejections.
Nifty:
15-min: Uptrending, Upswing Pivot 5310
30-min: Uptrending, Upswing Pivot 5310
Copper:
30-min: Downtrending, Downswing Pivot 451.8
- Speculator |
Hi Spec Ji
Thank you for updating copper pivots....
It helps me a lot to establish swing pivots.....
Your pivot levels exaclty confirmed my pivot....
Keep updating.... Encouraging..... Guiding....
Regards,
Diwakar R
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Speculator
Expert
Joined: 15 Apr 2008
Posts: 149
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| Post: #332 Posted: Fri Mar 04, 2011 8:33 am Post subject: |
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In uptrending markets, trade bullish rejections. In downtrending markets, trade bearish rejections.
Nifty:
Nifty has become very choppy on 15-min the last few days breaking pivots and alternating between uptrending and downtrending almost everyday. News is exacerbating the moves and causing a lot of false pivot breaks. But the 30-min trend has been steady.
15-min: Downtrending, Downswing Pivot 5597.1
30-min: Uptrending, Upswing Pivot 5310
Copper:
30-min: Uptrending, Upswing Pivot 446.35
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rajanadar
White Belt
Joined: 31 Mar 2009
Posts: 20
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| Post: #333 Posted: Fri Mar 04, 2011 9:02 am Post subject: |
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| Speculator wrote: | In uptrending markets, trade bullish rejections. In downtrending markets, trade bearish rejections.
Nifty:
Nifty has become very choppy on 15-min the last few days breaking pivots and alternating between uptrending and downtrending almost everyday. News is exacerbating the moves and causing a lot of false pivot breaks. But the 30-min trend has been steady.
15-min: Downtrending, Downswing Pivot 5597.1
30-min: Uptrending, Upswing Pivot 5310
Copper:
30-min: Uptrending, Upswing Pivot 446.35
- Speculator |
Spec Sir,
In the above case, what do you think would be the appropriate approach. trade in the direction of the higher TF? ie wait for bullish rej in 15 tf?
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #334 Posted: Fri Mar 04, 2011 11:20 am Post subject: |
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| Speculator wrote: | In uptrending markets, trade bullish rejections. In downtrending markets, trade bearish rejections.
Nifty:
Nifty has become very choppy on 15-min the last few days breaking pivots and alternating between uptrending and downtrending almost everyday. News is exacerbating the moves and causing a lot of false pivot breaks. But the 30-min trend has been steady.
15-min: Downtrending, Downswing Pivot 5597.1
30-min: Uptrending, Upswing Pivot 5310
- Speculator |
On 30min, is NF upswing pivot changed to 5477 ?
regards
vin
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jjm
White Belt
Joined: 17 Mar 2010
Posts: 411
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| Post: #335 Posted: Fri Mar 04, 2011 11:37 am Post subject: |
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Dear Vin,
After rejection @ 5480 we got today new high..hence upswing pivot in 30 tf is changed to 5480
Regards,
JJM
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ashis
White Belt
Joined: 28 Mar 2010
Posts: 75
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| Post: #336 Posted: Sat Mar 05, 2011 9:33 pm Post subject: Re: NIFTY 15TF |
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Dear Jai2000
On 4th march Nifty make low @5532 (2:00pm) then shows positive indication in 15-min (Close above 8 and 34-EMA with previous candle high) then after immediately market came down and make new close.
So can we consider it as stop loss triggered? or cand we hold position till 5480 didn't break.
I want to know that after these kind of positive formation if low (5532) breaks then can we hold our position till 15 or 30-min Swing pivot dosen't break.
Also can we expect that due to this positive formation market will definately come up and make new high?
Awaiting for feed back
Regards
Ashis
| Jai2000 wrote: | Ashis hi,
@5460.10 NF was clearly Over sold.Hope you use RSI 5!
Regards,
Jai. |
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Jai2000
White Belt
Joined: 09 Aug 2010
Posts: 346
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| Post: #337 Posted: Mon Mar 07, 2011 8:30 am Post subject: Nifty 15TF Rejection |
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Ashis,
Yes friend our SL got hit in 15 Tf & 30TF.You can hold if 5480 SL is ok to yr risk.But spec sir never advise us to hold position.Better wait for one more rejection.
Regards,
Jai
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ashis
White Belt
Joined: 28 Mar 2010
Posts: 75
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| Post: #338 Posted: Mon Mar 07, 2011 9:03 am Post subject: Re: Nifty 15TF Rejection |
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Dear Jai2000,
Thanks for reply.
It's my pleasure if you will clear my bellow confusion.
As we know that in 15-min market went bellow 34-EMA in so as per 15-Min. S.P. is 5480 but now as far as 30-min T/F is concern is it also 5480 because it didn't touch 34- EMA in 30- min. but yes it is near to to 34 EMA. So just guide as per 30-EMA which is perfect s.p. 5480 or 5310?
Regards
Ashis
| Jai2000 wrote: | Ashis,
Yes friend our SL got hit in 15 Tf & 30TF.You can hold if 5480 SL is ok to yr risk.But spec sir never advise us to hold position.Better wait for one more rejection.
Regards,
Jai |
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #339 Posted: Mon Mar 07, 2011 9:09 am Post subject: Re: Nifty 15TF Rejection |
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| ashis wrote: | Dear Jai2000,
Thanks for reply.
It's my pleasure if you will clear my bellow confusion.
As we know that in 15-min market went bellow 34-EMA in so as per 15-Min. S.P. is 5480 but now as far as 30-min T/F is concern is it also 5480 because it didn't touch 34- EMA in 30- min. but yes it is near to to 34 EMA. So just guide as per 30-EMA which is perfect s.p. 5480 or 5310?
Regards
Ashis
| Jai2000 wrote: | Ashis,
Yes friend our SL got hit in 15 Tf & 30TF.You can hold if 5480 SL is ok to yr risk.But spec sir never advise us to hold position.Better wait for one more rejection.
Regards,
Jai |
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As per 30min TF, 5480 touched the 34ema and then made a higher high. So 5480 is now SL.
I am not looking at 15min TF.
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Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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| Post: #340 Posted: Mon Mar 07, 2011 5:52 pm Post subject: |
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Spec
I went through your method and have posted the 15 mins chart of the last few days marking entries and exits (Type I). Please let me know if I have understood your method correctly. Point out mistakes if any.
Regards
Ravi
| Description: |
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15.98 KB |
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547 Time(s) |
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #341 Posted: Mon Mar 07, 2011 6:13 pm Post subject: |
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| Ravi_S wrote: | Spec
I went through your method and have posted the 15 mins chart of the last few days marking entries and exits (Type I). Please let me know if I have understood your method correctly. Point out mistakes if any.
Regards
Ravi |
I have a question regarding SP6 market by Ravi. After SP6, NF didn't make a higher high. Therefore, I could not understand, how SP6 was taken as upswing pivot?
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Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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| Post: #342 Posted: Mon Mar 07, 2011 8:02 pm Post subject: |
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Hi Vinst
True After SP6, market did not make a higher high... So it cannot be considered as a SP... Maybe Spec/Shekar can clarify... So if we don't exit at SP6, we would have been stopped out of SP5 today which is at 5477.20... and shorts initiated with stop at RH - 5576.50 ain't it?
Regards
Ravi
| vinst wrote: |
I have a question regarding SP6 market by Ravi. After SP6, NF didn't make a higher high. Therefore, I could not understand, how SP6 was taken as upswing pivot? |
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #343 Posted: Mon Mar 07, 2011 8:12 pm Post subject: |
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| Ravi_S wrote: | Hi Vinst
True After SP6, market did not make a higher high... So it cannot be considered as a SP... Maybe Spec/Shekar can clarify... So if we don't exit at SP6, we would have been stopped out of SP5 today which is at 5477.20... and shorts initiated with stop at RH - 5576.50 ain't it?
Regards
Ravi
| vinst wrote: |
I have a question regarding SP6 market by Ravi. After SP6, NF didn't make a higher high. Therefore, I could not understand, how SP6 was taken as upswing pivot? |
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I think 5576.5 should not be stop for short. stop should be 5612.
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Speculator
Expert
Joined: 15 Apr 2008
Posts: 149
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| Post: #344 Posted: Tue Mar 08, 2011 8:38 am Post subject: Swing pivots - March 8, 2011 |
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In uptrending markets, trade bullish rejections. In downtrending markets, trade bearish rejections.
Nifty:
15-min: Downtrending, Downswing Pivot 5611
30-min: Downtrending, Downswing Pivot 5611
Copper:
30-min: Downtrending, Downswing Pivot 448.65
- Speculator
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Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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| Post: #345 Posted: Tue Mar 08, 2011 8:47 am Post subject: |
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Spec
Why can't the downswing pivot be 5576.50 as it's made a new recovery low after testing 34 EMA... Also if the price comes down today can the DSP7 (marked in my chart) be the new downswing pivot? I wanted your inputs on the chart I posted.
Regards
Ravi 
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