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Swing Trading : The Speculator way |
ronypan White Belt
Joined: 07 Aug 2010 Posts: 197
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Post: #736 Posted: Wed Jun 08, 2011 8:42 am Post subject: |
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Thanks alot.. I wanted to use this method but I didn't find any proper stuff regarding d same.. Waiting for ur post in weekend..
Speculator wrote: | I have got too many questions and PMs which i have not answered. Before i forget, i will post here as a reminder to myself.
1) Is 8 ema above 34 ema required for a valid rejection ?
2) Can 5-min be used with swing system for intra?
3) Can 10-min be used for swing trading ?
4) We had a 15-min rejection, but 10-min failed to give a rejection. Should we take the 15-min rejection in that case or not ?
5) Can we use pivot breaks for entry ? If so what should be the stop loss ? What are the advantages and disadvantages of trading pivot breaks ?
6) Role of RSI(5) in determining pivots.
I will answer all these questions over the weekend. I will also be adding a small refinement to the price above 8 ema rule.
This thread has grown too big and it's very difficult for a newbie to find the relevant sections of the method. So i will be moving some of the stuff related to the technique into another thread.
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Jai2000 White Belt
Joined: 09 Aug 2010 Posts: 346
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rainbow White Belt
Joined: 25 Feb 2010 Posts: 202
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Post: #738 Posted: Thu Jun 09, 2011 7:58 am Post subject: Re: Crude |
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Jai:
you, spec, sumit and others make me thirsty to start commo
great trade on crude, buddy. booked profits or holding? and why is there no 'woooooooo' like the standard procedure of ichartians?
Have a nice day
Cheers
DJ
Jai2000 wrote: | The magic of Pivot Breakkkk- 100 points within few mnts
Spec sir
Jai |
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vinst Black Belt
Joined: 09 Jan 2007 Posts: 3303
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Post: #739 Posted: Thu Jun 09, 2011 10:29 am Post subject: |
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NF 30min still in downtrend with downswing pivot at 5608
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Jai2000 White Belt
Joined: 09 Aug 2010 Posts: 346
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Post: #740 Posted: Fri Jun 10, 2011 2:11 pm Post subject: Nifty Pivot |
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Nifty new Down Swing Pivot 15 & 30 TF- 5576.30
Jai
( i've marked 5476.30 it's typing error & the Pivot is 5576.35
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Last edited by Jai2000 on Fri Jun 10, 2011 4:16 pm; edited 1 time in total |
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avinash02 White Belt
Joined: 22 Feb 2009 Posts: 343
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Post: #741 Posted: Fri Jun 10, 2011 2:27 pm Post subject: Re: Nifty Pivot |
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Jai2000 wrote: | Nifty new Down Swing Pivot 15 & 30 TF- 5476.30
Jai |
jai
down swing pivot is now 5576.3
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Jai2000 White Belt
Joined: 09 Aug 2010 Posts: 346
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Post: #742 Posted: Fri Jun 10, 2011 4:13 pm Post subject: Nifty Pivot |
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Avinash,
sorry it's typing error.......
Jai
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vinst Black Belt
Joined: 09 Jan 2007 Posts: 3303
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Post: #743 Posted: Fri Jun 10, 2011 4:58 pm Post subject: |
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At end-of-day 10-June-2011
NF 30min Downswing pivot 5577
BNF 30min Upswing pivot 10330
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Speculator Expert
Joined: 15 Apr 2008 Posts: 149
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vinst Black Belt
Joined: 09 Jan 2007 Posts: 3303
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Post: #745 Posted: Wed Jun 15, 2011 3:42 pm Post subject: |
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I am posting BNF 60min chart (picture title wrongly mentions 30min).
Currently running in upswing with upswing pivot at 10330 and has made a high of 10984.
Point A is retracement below ema and also rsi<30>70 but not a new high in price for this swing. So as of now 'A' can not be an upswing pivot.
Subsequently, 'A' is broken.
Now can we take 'B' as the point to be overtaken (instead of 10984), upon which , we may designate a higher bottom compared to 10330 as upswing pivot?
please try to clear me on this.
regards
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jjm White Belt
Joined: 17 Mar 2010 Posts: 411
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vinst Black Belt
Joined: 09 Jan 2007 Posts: 3303
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Post: #747 Posted: Wed Jun 15, 2011 7:51 pm Post subject: |
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jjm wrote: | Dear Vinst,
Refer the chart
To consider pt A as pivot we need a new recovery high.. yes you are right
Once earlier pivot is taken out we wait for rejection and if we get the new recovery high or low the pivot shifts..
It is clear to you..after pt A we did not get new recovery high so pivot will not shift.. and unless we break 10330 the trend will not reverse it will be in uptrend only..there is no meaning in between tops and bottoms
Yeh ekdam aasan hai ..iski pehchan ke liye simples sa rule hai
Me do pahadoki chotiya dekhta hoo..bichki khai yane pivot .. ye khai 34 ko touch karni chahiye... if it doesnot then at lest rsi 5 shld be OS ..
Regards,
JJM |
JJM,
Thanks for explaining.
regards
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Jai2000 White Belt
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enroute White Belt
Joined: 01 May 2010 Posts: 64
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Post: #749 Posted: Thu Jun 16, 2011 8:47 am Post subject: |
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Hi Jai,thats a grt trade which u hd done with crude. i m also following spec sir's method..but even nw i m nt able to overcm fear of taking each n every move..plz suggest hw u hv maintained ur mind as rock solid(without emotions) to follow a strategy wholeheartedly inspite of hitting some stoplosses....
reply awaited
regards
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vinst Black Belt
Joined: 09 Jan 2007 Posts: 3303
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Post: #750 Posted: Thu Jun 16, 2011 9:16 am Post subject: |
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jjm wrote: | Dear Vinst,
Refer the chart
To consider pt A as pivot we need a new recovery high.. yes you are right
Once earlier pivot is taken out we wait for rejection and if we get the new recovery high or low the pivot shifts..
It is clear to you..after pt A we did not get new recovery high so pivot will not shift.. and unless we break 10330 the trend will not reverse it will be in uptrend only..there is no meaning in between tops and bottoms
Yeh ekdam aasan hai ..iski pehchan ke liye simples sa rule hai
Me do pahadoki chotiya dekhta hoo..bichki khai yane pivot .. ye khai 34 ko touch karni chahiye... if it doesnot then at lest rsi 5 shld be OS ..
Regards,
JJM |
JJM / Jai / Spec sir,
is there no way to 'shorten' this type of large SL which remains large for many days?
regards
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