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Swing Trading : The Speculator way |
rvg
White Belt
Joined: 31 Oct 2006
Posts: 279
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Post: #376  Posted: Fri Mar 18, 2011 6:54 pm Post subject: |
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Spec - Thanks for the document.. it's one thing to read books authored by unknown great authors and its another to read the experience of a trader whom we interact with..
Thanks again
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Speculator
Expert
Joined: 15 Apr 2008
Posts: 149
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| Post: #377 Posted: Mon Mar 21, 2011 8:38 am Post subject: Swing pivots - March 21, 2011 |
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In uptrending markets, trade bullish rejections. In downtrending markets, trade bearish rejections.
Nifty:
15-min: Downtrending, Downswing Pivot 5562
30-min: Downtrending, Downswing Pivot 5562
Copper:
30-min: Uptrending, Upswing Pivot 420.4
-Speculator
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Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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| Post: #378 Posted: Mon Mar 21, 2011 9:52 am Post subject: Re: Swing pivots - March 21, 2011 |
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Spec,
With the previous recovery low broken (@ 5375.60) the new swing pivot has moved to 5423. Correct me if I'm wrong.
Regards
Ravi
| Speculator wrote: | In uptrending markets, trade bullish rejections. In downtrending markets, trade bearish rejections.
Nifty:
15-min: Downtrending, Downswing Pivot 5562
30-min: Downtrending, Downswing Pivot 5562
Copper:
30-min: Uptrending, Upswing Pivot 420.4
-Speculator |
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #379 Posted: Mon Mar 21, 2011 10:01 am Post subject: Re: Swing pivots - March 21, 2011 |
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| Ravi_S wrote: | Spec,
With the previous recovery low broken (@ 5375.60) the new swing pivot has moved to 5423. Correct me if I'm wrong.
Regards
Ravi
| Speculator wrote: | In uptrending markets, trade bullish rejections. In downtrending markets, trade bearish rejections.
Nifty:
15-min: Downtrending, Downswing Pivot 5562
30-min: Downtrending, Downswing Pivot 5562
Copper:
30-min: Uptrending, Upswing Pivot 420.4
-Speculator |
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Ravi,
I am getting Dnswing pivot at 5502 now (from 17th-Mar). Shown in yellow dot
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enroute
White Belt
Joined: 01 May 2010
Posts: 64
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| Post: #380 Posted: Mon Mar 21, 2011 11:53 pm Post subject: |
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On 15mins chart,NF had made new swing pivot @ 5420.25 while making new low of 5360 on 21st march.but that pivot point had been taken in intraday and make new high of 5424..but the low of 5360 has not been taken..
it means nifty-1m is in uptrend in 15min tf.spec sir,plz put light on this..
regards
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Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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| Post: #381 Posted: Tue Mar 22, 2011 7:41 am Post subject: |
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Profitrd, I presume the pivot was not taken out, which means no candle close above the pivot, so we are still in downtrend.
Also in 60 mins if you consider 13 EMA, the pivot remains the same as what we have got, 60 mins, 34 EMA is giving the pivot what vinst has mentioned.
REgards
Ravi
| profitrd wrote: | On 15mins chart,NF had made new swing pivot @ 5420.25 while making new low of 5360 on 21st march.but that pivot point had been taken in intraday and make new high of 5424..but the low of 5360 has not been taken..
it means nifty-1m is in uptrend in 15min tf.spec sir,plz put light on this..
regards |
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Speculator
Expert
Joined: 15 Apr 2008
Posts: 149
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| Post: #382 Posted: Tue Mar 22, 2011 8:02 am Post subject: Swing pivots - March 22, 2011 |
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vinst, profitrd, ravis,
There still seems to be confusion over identifying pivots.  Today we broke the 15/3 lows of 5376. So a new downswing pivot was formed. How to identify this pivot ? Simple ! Find out where the rejection happened for the first time in the current swing. 17/3 10:00 AM candle was the first rejection for this swing. Find the highest high preceding that rejection. That's your pivot. Highest high preceding the rejection candle was 16/3 13:30 candle high which is 5552. So 5552 is the current downswing pivot.
In uptrending markets, trade bullish rejections. In downtrending markets, trade bearish rejections.
Nifty:
15-min: Downtrending, Downswing Pivot 5552
30-min: Downtrending, Downswing Pivot 5552
Copper:
30-min: Uptrending, Upswing Pivot 420.4
-Speculator
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rajanadar
White Belt
Joined: 31 Mar 2009
Posts: 20
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| Post: #383 Posted: Tue Mar 22, 2011 9:11 am Post subject: Re: Swing pivots - March 22, 2011 |
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| Speculator wrote: | vinst, profitrd, ravis,
There still seems to be confusion over identifying pivots. Today we broke the 15/3 lows of 5376. So a new downswing pivot was formed. How to identify this pivot ? Simple ! Find out where the rejection happened for the first time in the current swing. 17/3 10:00 AM candle was the first rejection for this swing. Find the highest high preceding that rejection. That's your pivot. Highest high preceding the rejection candle was 16/3 13:30 candle high which is 5552. So 5552 is the current downswing pivot.
In uptrending markets, trade bullish rejections. In downtrending markets, trade bearish rejections.
Nifty:
15-min: Downtrending, Downswing Pivot 5552
30-min: Downtrending, Downswing Pivot 5552
Copper:
30-min: Uptrending, Upswing Pivot 420.4
-Speculator |
Thanks Spec.
However, my understanding is that when price rejects from the 34 ema and forms a new low, the high of the rejection candle becomes the new pivot. With this understanding, 21st Mar 9.30 candle was a rejection and formed new low so 5420.25 should be the pivot or am I missing something here?
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enroute
White Belt
Joined: 01 May 2010
Posts: 64
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| Post: #384 Posted: Tue Mar 22, 2011 9:22 am Post subject: |
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thanx spec 
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kanna
White Belt
Joined: 03 Jan 2010
Posts: 91
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| Post: #385 Posted: Tue Mar 22, 2011 10:03 am Post subject: Re: Swing pivots - March 22, 2011 |
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[quote="rajanadar"] | Speculator wrote: | vinst, profitrd, ravis,
Thanks Spec.
However, my understanding is that when price rejects from the 34 ema and forms a new low, the high of the rejection candle becomes the new pivot. With this understanding, 21st Mar 9.30 candle was a rejection and formed new low so 5420.25 should be the pivot or am I missing something here? |
hi raja
your understanding is not correct. i believe.
we see rejection candle for a trade entry. thats all. Pivot is the highest high (as spec told) which was formed before the new low
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rajanadar
White Belt
Joined: 31 Mar 2009
Posts: 20
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| Post: #386 Posted: Tue Mar 22, 2011 11:01 am Post subject: Re: Swing pivots - March 22, 2011 |
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[quote="kanna"] | rajanadar wrote: | | Speculator wrote: | vinst, profitrd, ravis,
Thanks Spec.
However, my understanding is that when price rejects from the 34 ema and forms a new low, the high of the rejection candle becomes the new pivot. With this understanding, 21st Mar 9.30 candle was a rejection and formed new low so 5420.25 should be the pivot or am I missing something here? |
hi raja
your understanding is not correct. i believe.
we see rejection candle for a trade entry. thats all. Pivot is the highest high (as spec told) which was formed before the new low |
Thanks Kanna.
I am attaching the chart of NF from 3rd Feb till 11th Feb, when we were in a downtrend. I have marked the pivot points as per my understanding with arrow marks -
1) 5565.5 (4th Feb 10.45 candle)
2) 5443.65 (7th feb 3.00 candle)
3) 5285 (10th Feb 2.15 candle)
Is it correct?
However, Considering the Highest High, then only 5565.5 (4th Feb 10.45 candle) will be the pivot. Kindly help.
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GUDGUY
White Belt
Joined: 10 Nov 2010
Posts: 2
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| Post: #387 Posted: Tue Mar 22, 2011 7:57 pm Post subject: SWING PIVOTS |
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Hello Gentlemne,I hv just joined your elite group of Technical analysts.I m a newbee. I want 2 know hw SWING PIVOT is calculated  .and d importanceof 34 EMA for Intraday Charting.Gentlemen ,I usally do only BTST / STBT trading and some times Intraday.Can u please guide me hw 2 select reliable entry and exit points. Thanks a lot. Good luck and take care.Mr.Prem
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Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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| Post: #388 Posted: Tue Mar 22, 2011 8:04 pm Post subject: Re: SWING PIVOTS |
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Hello GUDGUY,
Please go through this thread from the start... It would be informative and useful... All documents have been put by SPEC and SHEKAR in this thread...
Regards
Ravi
| GUDGUY wrote: | | Hello Gentlemne,I hv just joined your elite group of Technical analysts.I m a newbee. I want 2 know hw SWING PIVOT is calculated .and d importanceof 34 EMA for Intraday Charting.Gentlemen ,I usally do only BTST / STBT trading and some times Intraday.Can u please guide me hw 2 select reliable entry and exit points. Thanks a lot. Good luck and take care.Mr.Prem |
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rajanadar
White Belt
Joined: 31 Mar 2009
Posts: 20
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| Post: #389 Posted: Tue Mar 22, 2011 8:21 pm Post subject: Re: Swing pivots - March 22, 2011 |
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[quote="rajanadar"] | kanna wrote: | | rajanadar wrote: | | Speculator wrote: | vinst, profitrd, ravis,
Thanks Spec.
However, my understanding is that when price rejects from the 34 ema and forms a new low, the high of the rejection candle becomes the new pivot. With this understanding, 21st Mar 9.30 candle was a rejection and formed new low so 5420.25 should be the pivot or am I missing something here? |
hi raja
your understanding is not correct. i believe.
we see rejection candle for a trade entry. thats all. Pivot is the highest high (as spec told) which was formed before the new low |
Thanks Kanna.
I am attaching the chart of NF from 3rd Feb till 11th Feb, when we were in a downtrend. I have marked the pivot points as per my understanding with arrow marks -
1) 5565.5 (4th Feb 10.45 candle)
2) 5443.65 (7th feb 3.00 candle)
3) 5285 (10th Feb 2.15 candle)
Is it correct?
However, Considering the Highest High, then only 5565.5 (4th Feb 10.45 candle) will be the pivot. Kindly help. |
Hi Spec / Ravi / Jai,
Kindly let me know if my understanding above is correct.
Thanks.
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Jai2000
White Belt
Joined: 09 Aug 2010
Posts: 346
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| Post: #390 Posted: Tue Mar 22, 2011 9:55 pm Post subject: Nifty pivot |
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Raja,
3 pivots u mentiond are correct. If you watch charts closely, that time price were trading below 34ema, so rejection candle's high was pivot.But now situation totally changed,price jumping above & below 34 ema! That's why you are little comfused. Just read spec sir's answer for -"vnst, profitrd, ravi" again your doubt will be clear. Raja just for you - if we got new low below 5376.15 & above 5360 on 18/3/"11, then 5420.25 would have been New pivot!
Hope it will help you to undersatnd something!
Regards,
Jai
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