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34 Ema PDF

This document summarizes a discussion on the NP Swing Pivot System, an intraday and short-term positional trading system. The system uses the 15-minute chart with two indicators: the 34-period EMA and RSI with periods of 5, 30, and 70. Trends are identified by upswing pivots (USP) and downswing pivots (DSP) based on the EMA and RSI. Entries are taken when price rejects the 34-EMA by closing a red candle below the previous candle and breaking its low, with stop losses placed at recent swing highs. Examples of recent trades using this system are also shown.

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ChandraMauli
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624 views7 pages

34 Ema PDF

This document summarizes a discussion on the NP Swing Pivot System, an intraday and short-term positional trading system. The system uses the 15-minute chart with two indicators: the 34-period EMA and RSI with periods of 5, 30, and 70. Trends are identified by upswing pivots (USP) and downswing pivots (DSP) based on the EMA and RSI. Entries are taken when price rejects the 34-EMA by closing a red candle below the previous candle and breaking its low, with stop losses placed at recent swing highs. Examples of recent trades using this system are also shown.

Uploaded by

ChandraMauli
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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11-Feb-2013

NP Technical Hour:
NP SPS
(NP Swing Pivot System)
BY AMITG
NIFTYPUNDIT.COM

Chatlog of the discussion on NP Swing Pivot System during NP


Technical Hour:
Amitg
Amitg
Amitg
Amitg
Amitg
Amitg
Amitg
Amitg
Amitg

lets start
this system i use for 1 year for intra and little positional trading successfully
this system i use on 15 min chart
2 indicater we use
ema 34
rsi 5,30,70
1 st we talk about trend identification
wait posting chart

Amitg
Amitg
Amitg
Amitg
Amitg
Amitg
Amitg
Amitg

look at this chart


we start example from here
see on chart usp low
once this break then trend change to up to down
when this usp break usp done as most highest point between these 2 lows
now
dsp = down swing pivot
usp= up swing pivot

1 | www.niftypundit.com

Amitg

Amitg now swing pivot we get from 2 types


Amitg after making new low price touch 34 ema and again make new low called new dsp
Amitg 2nd type
Amitg if price much far from 34 ema rsi 5 if overbought then make new low we get dsp
Amitg any doubt till here
Amitg now only trend change after breaking dsp
Amitg now still we follow the trend untill dsp break
Amitg now entry and sl
Amitg for entry we use rejection from 34 ema
Amitg price touch 34 ema then red candle close below 34 ema (candle must be close below
previous candle) then validate (break the low of previous candle) we enter with sl of recent swing
high
Amitg sl always we use recent swing high

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Amitg

Amitg

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Amitg these charts i posted here shown swing pivots till today
Amitg now i am posting charts last three entries as example

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Amitg

Amitg

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Amitg if any query plz post in this thread

NOTE: Views expressed in this document is for study purpose only. Neither
niftypundit.com nor any speaker in this discussion is responsible directly or
indirectly for your profit or loss.

6 | www.niftypundit.com

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