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Trading STOCKS using Swing pivot system |
aneja100
White Belt
Joined: 13 Sep 2009
Posts: 34
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Post: #91  Posted: Sat Aug 13, 2011 9:31 pm Post subject: trading stocks using swing pivot system |
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Hi,
i am new to icharts and was trying to understand this strategy. though gone thru all pages, found it to be interesting and successful but could not trace the base strategy.
pl. help me in detaining the strategy or guide me to the original topic where i can go and understand it.
Ashwani Aneja
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Jai2000
White Belt
Joined: 09 Aug 2010
Posts: 346
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Jai2000
White Belt
Joined: 09 Aug 2010
Posts: 346
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spiritualtrader
White Belt
Joined: 26 Sep 2011
Posts: 31
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| Post: #94 Posted: Wed Oct 05, 2011 8:20 pm Post subject: SAIL FUTURE - 30 MIN TF 34 EMA |
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Jai Sir,
Kindly find an attached chart of SAIL 30 min tf with 34 ema. I have marked swing pivots kindly provide your inputs.
Regards,
Spiritual
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118.44 KB |
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435 Time(s) |
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Jai2000
White Belt
Joined: 09 Aug 2010
Posts: 346
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| Post: #95 Posted: Thu Oct 06, 2011 10:24 pm Post subject: |
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spiritualtrader,
hi, the pivots are fine! How many stocks you r tracking  
Jai
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spiritualtrader
White Belt
Joined: 26 Sep 2011
Posts: 31
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| Post: #96 Posted: Thu Oct 06, 2011 10:40 pm Post subject: |
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| Jai2000 wrote: | spiritualtrader,
hi, the pivots are fine! How many stocks you r tracking
Jai |
Jai Sir,
Thanks for your inputs. I normally track all the stocks futures and index futures.
Regards,
Spiritual
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ravinderaoulakh
White Belt
Joined: 27 Sep 2011
Posts: 13
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| Post: #97 Posted: Thu Oct 13, 2011 6:06 pm Post subject: TataMotors-1M 15tf Pivot |
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Kindly check if the USP in Tatamotors-1m marked correctly?
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143.43 KB |
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388 Time(s) |
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Jaii
White Belt
Joined: 11 Sep 2007
Posts: 210
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| Post: #98 Posted: Tue Feb 07, 2012 8:06 pm Post subject: |
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amolghodekar Anyway one more example I would like to elaborate.. Just to build confidence
If you check HDIL 1M 15 min chart...DSP of 84.35 is taken out on 6-Feb candle..so we are in uptrend... now I will wait for rejection from 34 EMA... so my entry would have been around 84.50 to 84.30... HDIL rises from this point to form a new high on 7-Feb ..so now new USP is 84.30... This USP is broken on 7-Feb 14:44 candle...so we are in downtrend ...so I would have exited longs around 83.50 taking a loss of 1 point and now I should wait for rejection from 34 EMA to enter into shorts... I believe my entry and exit are valid as per rules...
Amol,
It's just fine! Usually what i do is -i'l enter at rejection & book profit(75%) once it make new high/low(eventhough it's just 0.0001%profit), and will add those lots @next rejection else will ride with those 25%untill the trend change! - Jai
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veekas
White Belt
Joined: 24 Aug 2011
Posts: 117
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| Post: #99 Posted: Tue Feb 07, 2012 8:20 pm Post subject: |
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| Good Thd, keep it up
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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Jaii
White Belt
Joined: 11 Sep 2007
Posts: 210
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| Post: #101 Posted: Tue Feb 07, 2012 9:10 pm Post subject: Re |
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Sumesh,
hi nice pick...... future already broken by 0.50 point. I feel atleast we should wait for 5Tf rej........ coz pivot is too far.......
Jai
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Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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| Post: #102 Posted: Tue Feb 07, 2012 9:15 pm Post subject: |
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| Jaii wrote: |
It's just fine! Usually what i do is -i'l enter at rejection & book profit(75%) once it make new high/low(eventhough it's just 0.0001%profit), and will add those lots @next rejection else will ride with those 25%untill the trend change! - Jai
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #103 Posted: Tue Feb 07, 2012 9:17 pm Post subject: Re: Re |
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| Jaii wrote: | Sumesh,
hi nice pick...... future already broken by 0.50 point. I feel atleast we should wait for 5Tf rej........ coz pivot is too far.......
Jai |
Thanks Jai for proposing alternate way of trading it. However, I have more questions related to this
1.) I'm assuming "pivot break" can be considered if either one of SPOT or FUT. break pivot. ?
2.) Like u said we should wait for 5tf rej. in that case, we will have to use SL of 5tf with same rules ?
3.) Can't we go short with a candle close below USP, and have a SL of 2*ATR of that candle in 15tf?
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Jaii
White Belt
Joined: 11 Sep 2007
Posts: 210
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| Post: #104 Posted: Tue Feb 07, 2012 10:33 pm Post subject: Re |
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Sumesh,
No- Spot & Fut Pivots are highly diffrent!I've stoped intratrades completely, wish to keep "Pivot" as SL for my trades, i'l place qty according to "SL" size. Mostly if RSI values are very low below 30 then i dont enter below pivot breakout candle's low. I'l wait atleast for 5Tf Rejection! If you are comf with 2*ATR then no prob carry on......whatever is just fix one setup & trade it!
Jai
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #105 Posted: Tue Feb 07, 2012 10:39 pm Post subject: |
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"I've stoped intratrades completely"
Hi! Jaii
May I know the reason incase you don't mind. 
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