Dear SavantGarde,
I am a newbie to this forum.
In Post 1, you have stated
In Post 12, you refer to Post 1 again to understand "How to follow the Intraday Pivots"
My basic understanding of Nifty Intraday Pivot Points is to be LONG in NF at UP1 for a target of UP2 and be SHORT in NF at DOWN1 for a target of DOWN2. Use SL appropriately.
One thing I have failed to understand is how to deal with whipsaws. Can you please explain this part.
A BIG THANKS FOR BEING THE CREATOR IS THIS LOVELY THREAD.
I am a newbie to this forum.
In Post 1, you have stated
Code:
Now that you have the above Data, here is an explanation how to take Position, If the Nifty Spot trades at UP-1 for 10 Minutes and does not break down then you may take a Corresponding Nifty Futures Position for UP-2 where it would find the next resistance and same goes for Down-1 & Down-2 to go Short and keep a Trailing Stop Loss Given.
Hi Chandra,
if you are new to trading in Nifty Futures, I would suggest you hold your horses for the time being & wait for my Buy Trigger in NF which you can hold for sometime & when you do get into a Buy HOLD position with good profit locked in...then you may start the Intraday Position...and other explanation regarding "How to follow the Intraday Pivots" please go through my earlier posts it has been explained there.
And just incase you don't find it....let me know.
Regards & Safe Trading
SavantGarde
if you are new to trading in Nifty Futures, I would suggest you hold your horses for the time being & wait for my Buy Trigger in NF which you can hold for sometime & when you do get into a Buy HOLD position with good profit locked in...then you may start the Intraday Position...and other explanation regarding "How to follow the Intraday Pivots" please go through my earlier posts it has been explained there.
And just incase you don't find it....let me know.
Regards & Safe Trading
SavantGarde
One thing I have failed to understand is how to deal with whipsaws. Can you please explain this part.
A BIG THANKS FOR BEING THE CREATOR IS THIS LOVELY THREAD.