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Swing Trading : The Speculator way |
vvsp
White Belt
Joined: 10 Nov 2010
Posts: 62
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Post: #601  Posted: Tue May 10, 2011 9:11 pm Post subject: |
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Jai2000,
Regarding the chart of Nifty-5Tf for today, 10-May that you have posted, I presume your trade was on short side and you have entered at where the arrow mark is placed.
As per Spec's system, at that point NF was in uptrend in both 5TF and 15 TF.
Can you please clarify whether it was a contra trade, or you traded according to some other system.
Thanks,
Prabhakar.
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Jai2000
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Joined: 09 Aug 2010
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enroute
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Joined: 01 May 2010
Posts: 64
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| Post: #603 Posted: Tue May 10, 2011 11:39 pm Post subject: |
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| i think NiftyF-1m in 15min. is in downtrend with pivot-5604.75...
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vvsp
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Joined: 10 Nov 2010
Posts: 62
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| Post: #604 Posted: Wed May 11, 2011 7:04 am Post subject: |
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Jai,
Thanks for the reply. I follow Spec's system and track pivots in 5 & 15 TF for NF, BNF, Axis, Reliance, SBI and TaMo. Just was curious to know how you took the trade when there was no signal in line with the trend.
Regards,
Prabhakar.
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Speculator
Expert
Joined: 15 Apr 2008
Posts: 149
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| Post: #605 Posted: Wed May 11, 2011 8:40 am Post subject: Swing pivots - May 11, 2011 |
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Nifty:
We had been in a downtrend since April 8 according to our swing technique. Today we finally broke that downtrend by taking out the downswing pivot at 5592.
15-min: Uptrending, Upswing Pivot 5444
30-min: Uptrending, Upswing Pivot 5444
Copper:
15-min: Uptrending, Upswing Pivot 400.25
- Speculator
| Quote: |
From Gaj:
down trend again on 30 min nifty.
Are we getting whipsawed?
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Gaj,
Not sure what you are talking about. We have been in a downtrend consistently since April 8. What whipsaw ? Read the document first and understand the method properly. Check the pivots posted here in the forum everyday by me. Mark them on your charts and save them. You will learn how to identify them.
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rajanadar
White Belt
Joined: 31 Mar 2009
Posts: 20
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| Post: #606 Posted: Wed May 11, 2011 8:50 am Post subject: TATASTEEL Pivots for 11th May 11 |
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Thanks Jai!
TATASTEEL - 15 TF - 11th May 11
Downtrend (No change)
Down Swing Pivot for Cash - 634.7
Down Swing Pivot for Futures - 602.25
TATASTEEL - 5 TF - 11th May 11
Downtrend
Down Swing Pivot for Cash - 596.65 (TATASTEEL broke the pivot at 9.25 AM candle. Then it rose up to 34 EMA with RSI getting OB and then got rejected to make a new low)
Down Swing Pivot for Futures - 601.55
Thanks!
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GAJ
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Joined: 09 Dec 2010
Posts: 24
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| Post: #607 Posted: Wed May 11, 2011 12:29 pm Post subject: Re: Swing pivots - May 11, 2011 |
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| Quote: |
Gaj,
Not sure what you are talking about. We have been in a downtrend consistently since April 8. What whipsaw ? Read the document first and understand the method properly. Check the pivots posted here in the forum everyday by me. Mark them on your charts and save them. You will learn how to identify them. |
Ok Spec,
I think I got confused with terminology.
Need answer to a singlw quenstion. When do we move this pivot?
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vinst
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Joined: 09 Jan 2007
Posts: 3303
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| Post: #608 Posted: Wed May 11, 2011 12:37 pm Post subject: Re: Swing pivots - May 11, 2011 |
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| GAJ wrote: | | Quote: |
Gaj,
Not sure what you are talking about. We have been in a downtrend consistently since April 8. What whipsaw ? Read the document first and understand the method properly. Check the pivots posted here in the forum everyday by me. Mark them on your charts and save them. You will learn how to identify them. |
Ok Spec,
I think I got confused with terminology.
Need answer to a singlw quenstion. When do we move this pivot? |
Gaj,
see the first few pages of this thread. you may also download documents prepared for this purpose.
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GAJ
White Belt
Joined: 09 Dec 2010
Posts: 24
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| Post: #609 Posted: Wed May 11, 2011 1:16 pm Post subject: Re: Swing pivots - May 11, 2011 |
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| vinst wrote: | | GAJ wrote: | | Quote: |
Gaj,
Not sure what you are talking about. We have been in a downtrend consistently since April 8. What whipsaw ? Read the document first and understand the method properly. Check the pivots posted here in the forum everyday by me. Mark them on your charts and save them. You will learn how to identify them. |
Ok Spec,
I think I got confused with terminology.
Need answer to a singlw quenstion. When do we move this pivot? |
Gaj,
see the first few pages of this thread. you may also download documents prepared for this purpose. |
I went through the docs.
Could somebody please show me on chart the entry and exit points on 30 min nifty chart?
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Bittoo
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Joined: 19 Apr 2011
Posts: 6
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Jai2000
White Belt
Joined: 09 Aug 2010
Posts: 346
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| Post: #611 Posted: Wed May 11, 2011 2:26 pm Post subject: NIFTY-30TF |
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GAJ,
The current swing based on 30TF is 5871.75(08/04/'11) to 5444.70(05/05'11) . Total 427 points. Watch 04/05/'11 -14.30 candle in 30TF. That candle didnt touch 34 ema but RSI5 already OB & made new low. So 5592 become new dwn pivot. Yesterday it broken so we are in uptrend in 30TF too.For partial booking & money management pls read that the documents written by Spec sir. I already given you the links .
Speculator -Check the pivots posted here in the forum everyday by me. Mark them on your charts and save them. You will learn how to identify them.
Regards,
Jai
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GAJ
White Belt
Joined: 09 Dec 2010
Posts: 24
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| Post: #612 Posted: Wed May 11, 2011 3:24 pm Post subject: |
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Thanks Jai for the detailed explanation.
I want to know, where are the entry points and exit points on this chart?
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Jai2000
White Belt
Joined: 09 Aug 2010
Posts: 346
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| Post: #613 Posted: Wed May 11, 2011 4:01 pm Post subject: NIFTY-30TF |
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GAJ
Short Entry based on 30 Tf was 5871.75 with sl @ 5971. Exit based on pivot break was yestrday @ 5592.
Regards,
Jai
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GAJ
White Belt
Joined: 09 Dec 2010
Posts: 24
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| Post: #614 Posted: Wed May 11, 2011 4:25 pm Post subject: Re: NIFTY-30TF |
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| Jai2000 wrote: | GAJ
Short Entry based on 30 Tf was 5871.75 with sl @ 5971. Exit based on pivot break was yestrday @ 5592.
Regards,
Jai |
Is there any long entry based on 30 min nifty.
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maooliservice
White Belt
Joined: 04 Aug 2010
Posts: 93
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| Post: #615 Posted: Wed May 11, 2011 4:34 pm Post subject: |
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Jai
I am observing ur swing trading Pivots on nifty for last many days.It is
very intresting but can u explain me how to book profits and re enter in nifty
trading
Thanks & Regards
Mohan
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i wish to stop posting this kind of charts, which is against 15TF's trend.This kind of charts may confuse new comers.... As i said,i use this 5TF only for intra trades!Todays trade based on 60TF. I took a trade after 60Tf OB.Hope u get it!
