iCharts Discussions

[Speculator]

Ashis,

RSI(5) has got nothing to do with determining pivots. Pivots are determined based on only two things. 1) Rejection from 34 ema 2) Rejection leading to new recovery highs/lows.

RSI(5) gives clues about trending and range bound nature of markets, which i have discussed in the document.


Nifty:

15-min: Uptrending, Upswing Pivot 5837
30-min: Uptrending, Upswing Pivot 5782


Copper:


30-min: Downtrending, Downswing Pivot 425.95


-Speculator

[ashis]

Dear sir,
Please guide me on which page or on which date this RSI literature is available in this forum.
Hoping for positive feed back.

Regards
Ashis

[Jai2000]

Ashis,

You can find it at first page itself(43) .Sekhar sir did great Job!@page no 42 Spec sir modified & posted again.

Regards,
Jai

[Speculator]

Nifty:

15-min: Uptrending, Upswing Pivot 5837
30-min: Uptrending, Upswing Pivot 5782


Copper:


30-min: Downtrending, Downswing Pivot 424.25


-Speculator

[enroute]

according to me niftyf-1m pivot on 15min is 5871

[tripathi_manu]

[smartcancerian]

tripathi ji,
Its enough if he(speculator) is giving levels only...let the new persons cuming after 6 months read the complete post from start & crosscheck his homework with the levels given here on day to day basis..there are already plenty of charts given by spec in his thread as examples...let the newcomers go through all those charts & examples..afterall "Hardwork Pays".

By the way..as is visible & as discussed with spec sir in SB ystday..new U.S.Pivot in 15tf has changed to 5871.


regards,
smartcancerian

[Speculator]

spec if u kindly post along with charts it will be more effective. as people how will read it after 6 months or so will find it difficult to understand.
post should be such that even the frist time reader can understand.
regards.
manu tripathi

TM,

I have been asked this question many times. My response has always been the same. "Can someone volunteer ?". Sadly, out of 50000 registered icharts members nobody wants to volunteer. I post the pivots everyday here. It's just a matter of marking that on the chart and pasting a screenshot of that here. In fact, anyone new to this method should make it a habit to mark the pivots everyday on their charts, save it and analyze it, which would make that concepts more clear.


As far as i am concerned i am done with this project. All that needs to be said about the methodology has been said and there's nothing new to add. There is a word document and hundreds of charts examples in this thread for newbies to read and understand.




Nifty:

15-min: Uptrending, Upswing Pivot 5871
30-min: Uptrending, Upswing Pivot 5871


Copper:

I was hinting about Copper going into a range bound behavior a few days back. We are alternating between upswing and downswing, every other day - range bound bahaviour. For trend traders, it's a tough whipsaw environment.

30-min: Uptrending, Upswing Pivot 415.60

-Speculator

[sathya999]

Heres the chart, will try and keep up if possible

[Speculator]

Satya,

Thanks for the initiative. Keep it coming !



No change in both NF and Copper pivots for today.

Nifty:

15-min: Uptrending, Upswing Pivot 5871
30-min: Uptrending, Upswing Pivot 5871


Copper:


30-min: Uptrending, Upswing Pivot 415.60

- Speculator

[sathya999]

Till yesterday.

[sathya999]

change

[prabit]

Hi friends first time trying to post charts. Minifty F1,30mnt

[vvsp]

Dear Spec,
I have traded NF bearish rejections on friday, 08-Apr, in 15 min tf.
It was profitable trade but got stopped out at TSL before end of session.
I read in SB that you carried the trade for next session.
I have followed the trade management and exit guidelines. I understand these are guidelines and not rules. I think you carried the trade as per your assessment.
If possible, please have a look at my trade and point out any errors. Appropriately marked chart is attached.

1. Shorted NF on bearish rejection in 10:00 candle, anticipating pivot break.
2. After breaking pivot there was pull back and bearish rejection at 12:15, added more shorts here.
3. In 14:15 candle, partial profit booking done for add position at R/R=1:2. Also R/R=1:1 achieved for the initial position. Now TSL is same for all positions at candle high + 0.5*ATR.
4. Moved the TSL until 14:45 candle which got hit in 15:30 candle.

Thanks for being generous in sharing your strategy.
Prabhakar.

[nkiran]