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Trading With Pivot Points |
ravionlinek White Belt
Joined: 11 Jun 2010 Posts: 97
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Post: #31 Posted: Wed Oct 06, 2010 12:51 pm Post subject: |
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ChulbulPandey wrote: | Good work on Polaris Ravi ... u seem to have exited at R1... but if you look at the contraction it has gone through ... we may see higher levels...so dont forget to long again above R1
Chandru, ill update on weekly in the coming days. |
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ya volume also good................
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ravionlinek White Belt
Joined: 11 Jun 2010 Posts: 97
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Post: #32 Posted: Thu Oct 07, 2010 7:20 pm Post subject: |
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ChulbulPandey
...............................................
chek out BARTRONICS looking gooood
what u say......
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ConMan White Belt
Joined: 06 Aug 2008 Posts: 344
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Post: #33 Posted: Thu Oct 07, 2010 10:45 pm Post subject: |
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Its just closed above PP ... difficult to take position now ...wait for clearer close
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chrome Yellow Belt
Joined: 28 Dec 2009 Posts: 645
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ConMan White Belt
Joined: 06 Aug 2008 Posts: 344
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Post: #35 Posted: Mon Oct 11, 2010 9:11 pm Post subject: |
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Nifty not providing us with a good opportunity to trade ... SL too high for my comfort level ...
So waiting and watching ....
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ConMan White Belt
Joined: 06 Aug 2008 Posts: 344
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Post: #36 Posted: Wed Oct 13, 2010 2:40 pm Post subject: |
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Nifty trading near R1.
One can look at selling near R1 with SL of 20-30pts for a tgt of 100 points....Sl for the same can be R1 EoD
Regards
CP
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ConMan White Belt
Joined: 06 Aug 2008 Posts: 344
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Post: #37 Posted: Wed Oct 13, 2010 2:54 pm Post subject: |
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Got an excellent rate to short .. with 15 pts SL ... guys dont forget to reverse the trade if we close above R1 today/tomorrow ...
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Ravi_S Yellow Belt
Joined: 15 Jun 2009 Posts: 569
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Post: #38 Posted: Thu Oct 14, 2010 9:45 am Post subject: |
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CP, you had mentioned that you reversed your trade at 6290? and removed the post what happened?
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ConMan White Belt
Joined: 06 Aug 2008 Posts: 344
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Post: #39 Posted: Thu Oct 14, 2010 9:47 am Post subject: |
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I had infact tried editing it ... it was reversed at 6295 ....
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Ravi_S Yellow Belt
Joined: 15 Jun 2009 Posts: 569
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Post: #40 Posted: Thu Oct 14, 2010 9:49 am Post subject: |
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Thanks CP... What is the SL? Have a great day...
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ConMan White Belt
Joined: 06 Aug 2008 Posts: 344
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Post: #41 Posted: Thu Oct 14, 2010 9:58 am Post subject: |
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SL is close below R1 ...
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Ravi_S Yellow Belt
Joined: 15 Jun 2009 Posts: 569
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Post: #42 Posted: Thu Oct 14, 2010 10:05 am Post subject: |
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CP
This is the values I got from ICharts, when I put the HLC of last month for NIFTY SPOT. Can you check if this is correct? I hope you are referring to the monthly pivots
R3 6938.40
R2 6505.95
R1 6267.95
PIVOT 5835.50
S1 5597.50
S2 5165.05
S3 4927.05
Regards
Ravi
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kanna White Belt
Joined: 03 Jan 2010 Posts: 91
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Post: #43 Posted: Thu Oct 14, 2010 10:23 am Post subject: |
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ravi, we are referring to the pivot points coming in icharts itself. ie before bolingar bands box. if you cilck that u can get these plotted in screen. Are you asking this.? Or i am missing some thing
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Ravi_S Yellow Belt
Joined: 15 Jun 2009 Posts: 569
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Post: #44 Posted: Thu Oct 14, 2010 10:38 am Post subject: |
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Kanna
I don't have access to real time charts... i'm using EOD charts which gives the pivot point lines but does not give the value. I used the calculator in iCharts (on the left menu) and computed the values using previous month high, low, close... Just wanted to verify if this is the same levels that are showing up in jCharts realtime
Regards
Ravi
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ConMan White Belt
Joined: 06 Aug 2008 Posts: 344
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Post: #45 Posted: Thu Oct 14, 2010 10:52 am Post subject: |
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Ravi
The values are right ...
Kanna
You are right we are talking about the same monthly pivots available in jcharts
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