Pivot Point Trading | Momentum Trading with Pivot Points| How to use pivot point trading

In today's episode, Apurva Sheth is in conversation with Yogesh Nanda. He will teach us about Pivot Point Trading which is a momentum strategy. It can be used to trade index and even stocks or options.
Yogesh begins with explaining the importance of risk or money management during the trade. He warns that lack of this could lead to disaster; especially in futures and options. He also emphasizes on riding with the trend to increase trade success rate. Finding a bottom may not always be a good idea. Yogesh also insists to track price closely as a primary source for providing early signals in markets.
He further mentions that Pivot points are also derived from the prices just like RSI or MACD. The advantage of pivot points is that they can be used for any timeframe from daily to quarterly and yearly. Pivot points not only help in identifying the market trend but also in sighting the phase of stock in which it is trading; bullish or bearish.
Yogesh has shown us on charts how we can identify resistances and supports for a particular stock and identify trading opportunities objectively.
We're certain that this episode will direct you towards the disciplinary system driven approach for grabbing entry and exit opportunities more effectively with pivot points.
________________________________________________________________________
Link: pastebin.com/71Cr4zBa
password: yogesh
note: copy this code and paste in Tradinview pine editor
_________________________________________________________________________
Recommended watch:-
Options Trading with Moving Averages:- • Options Trading with M...
Identify Long-term Opportunities with Moving Averages:- • Identify Long-term Opp...
Stress Free Options Selling:- • Option Selling Strateg...
How to Select Options for Trading:- • How to Select Options ...
Simple Options Trading Strategy:- • Options Trading Strate...
-------------------------------------------------------------------------------------------------------------------------
Open a Free Demat Account
www.samco.in/home/samco_regis...
-------------------------------------------------------------------------------------------------------------------------
Timeline:-
0:00 Introduction
2:16 Yogesh's journey in markets
7:26 Book recommendation to improve your trading from Apurva and Yogesh
7:53 Trading Momentum
8:36 Reasons of failure in markets
9:50 What is momentum
12:57 About the trading process
13:59 Chart examples
15:26 Finding a trading system
17:00 Back to basics
18:00 Pivot Points system
26:22 Ideal system should...
27:27 Layers of understanding
37:37 Multi-time frame analysis
39:52 Support and resistance
43:21 Summary
45:21 Trading patterns
57:13 Guidelines
59:11 Risks
1:00:32 Highlights and glimpse of next episode
About Yogesh Nanda ( ‪@OptionsSmart‬ ) :-
Yogesh is an active trader for more than a decade with a mastery in options trading. Yogesh is a qualified chartered account. He started his career with a CA firm as an auditor. Further, he worked in risk management and investment team of Birla Sun Life Insurance.
Currently, he is providing guidance to the market traders and continuing own proprietary trades. Apart from markets, Yogesh loves to watch movies, reading motivational books and spending time with his kids.
About The Right Choices with Oracles of Dalal Street :
The Right Choices with Oracles of Dalal Street is hosted by Apurva Sheth. He is the Chief Markets Editor at Samco. He has more than 11 years of experience in financial markets.
Our show focuses on curating actionable and insightful strategies from real-world stock market heroes. Our guests have been successful in markets and are willing to share their insights with you.
Tune in to The Right Choices with Oracles of Dalal Street every Saturday at 11 am on our KZbin channel.
For more updates on the stock market and mutual funds do consider subscribing to our
KZbin channel by clicking here - / @samcosecuritiesindia
You can also follow us on:
Facebook - / samcoindia
Instagram - / samco_india
LinkedIn - / samco-securities-limited
Twitter - / samco_india
Private Telegram Group - t.me/tradeflixbysamco
#TheRightChoiceswithOraclesofDalalStreet #SamcoSecurities #ApurvaSheth #stocknote #options #trade #trader #futures #selling #optionsselling #entry #exits #charts #pivot #pivtopoints #strategy #howtotrade #optionsbuying #risk #management #price #indicator #bearish #bullish #markets

[@SAMCOSecuritiesIndia]

Dear Viewers, Thanks for watching this video. Please subscribe to our KZbin channel to watch such interesting videos. Here's the channel link: www.youtube.com/@SAMCOSecuritiesIndia

[@thelitthings2179]

After reading pivot boss book, pivot is my favourite indicator. I am using this indicator since a year. It's very useful. This video added some more value in my knowledge. Thank you both. 🥳

[@yogi1669]

What a superb, simple method of trading. Thank you very much Yogesh Nanda Sir and Apurva Sir 🙏🙏🙏

[@jackdammon4320]

Amazing process oriented logical trading. I commend the trader for his simplicity and thoughtfulness in sharing his hard learned secrets. Looking forward to next episode. Thanks again! :)

[@shashikantsalvi5025]

Apurvaji, as usual very nice and very much informative episode you arranged to day. Thanks to Yogesh Nandaji for best and easy explanation regarding use of pivot points. Thanks a lot and God bless you.🙏🙏🙏

[@maheshkumarverma6599]

After very long time came across an objective video really a great job Mr. Nanda I enjoyed it as if I was sitting in a class room it reminds me of the study lecture in the Institute Of Chartered Accountants of India, I am talking about the auditorium in the year as it was in the year 1977 at that time the syllabus was too tough and Mr. T. S Grewal used to teach us Accounts during those days He was Director of Studies I mean to say you explained the system like a very good teacher when some body wants to help he do that by keeping the things simple really a great experience

[@kamleshadlak9313]

Yogesh sir ke maine bahut vedio dekhe hai very simply Explain... Thanks Yogesh sir ...

[@abhijitsomalwar946]

Amazing and Simple!! Rather I would put it this way - Simple n Mind blowing!!!! I use pivots with multiple timeframe but was not clear to have a proper method of selecting stocks for 'Shikar'. BHAGWAN AAP DONO KO SADAA KHUSH RAKHE!!

[@aravindtiwari9702]

We love these strategy videos. Pls make more of such content. 💯✨ Thanks ☺️👍

[@dipantarpuhan7399]

Great learning, i was doing as my own idea, but today I was cleared my concept

[@anujrathi8706]

Apurva ji, really nice explanation in extremely easy language, Hat's of to Mr. Yogesh Nanda ji, for good presentation. Anuj Rathi

[@sameer0308]

Well defined rules, simple and easy. Good episode.

[@vireshpatil9791]

Very informative and simple for beginners also. Thank you sir for sharing and educate us.

[@SAMCOSecuritiesIndia]

Thank you for your feedback. Please subscribe to our KZbin channel for more such insightful videos.

[@pakkuhp]

Thanks a lot for this video. And eagerly waiting for next episode.

[@dattatrayasurale9249]

Veri good strategy.thanks Apurva

[@mukundphadke1286]

Excellent, simple explanation !! Thanks !!

[@tariqueanwar1606]

Sir aapki videos bahot useful hoti hai Thanks

[@deepakmore8842]

Very crystal clear system shown and explained in a manner even novice can understand. Thanks.

[@SAMCOSecuritiesIndia]

Thank you for your feedback. Please subscribe to our KZbin channel for more such insightful videos.

[@SAMCOSecuritiesIndia]

Dear Viewers, Thanks for watching this video. Please do subscribe to our KZbin channel. You can watch such interesting videos from other guests on our show. Here's the playlist - kzbin.info/aero/PL2z0LjpAHSw2n3FYqWPKbCMEkPXqVmQV

[@dineshkumar-gq8fq]

Plz make second video on option based on pivot point. Thank you

[@jaspreetsinghsandhu6568]

Sir please share pivot setting of indicator

[@gouravkarora3124]

very impressive , highly extensive and knowledgeable video will definitely help and change the mind set from trader to pro and consistant trader

[@SAMCOSecuritiesIndia]

Thank you for your feedback

[@pankajwandhare1431]

Very effective n Simple to understand

[@pranabeshmandal2102]

Fantastic, we aquire knowledge from this channel.

[@dineshtiwari1953]

Greatly explained . appreciated 🙏👍

[@shreyamsabetur4995]

My favorite trader. He is a very disciplined trader.

[@prasenjeet2487]

thanks.. very useful information.. waiting for the next episode..

[@abhishek835]

Mr nanda ji is very humble in giving excellent knowledge skills

[@ampmskm]

Fantastic explanation Sir .. Lots of Thanks .

[@vineethvarma9010]

Very well presented strategy... recommended book by pivot boss for detailed basis of strategy..

[@shambhuprasadmainali2498]

I am proud with you, sir.

[@sunita_15]

Really insight full video, thank u. I m using pivot pts in my trading, but mnthly R1/S1 gives edges, together with this I m using daily pivot for intraday trading.

[@SAMCOSecuritiesIndia]

Thank you for your feedback. Please subscribe to our KZbin channel for more such insightful videos.

[@vivekgovila4148]

I just love all your videos. They are so simple, full of knowledge and implementable. Would suggest you to make a video on " Money Flow Analysis". If you could show how to make an excel on it. It would be great. Thanking you in advance.

[@SAMCOSecuritiesIndia]

Your feedback is been noted. Please subscribe to our KZbin channel for more such insightful videos.

[@PyDataScience]

Excellent research... Thanks

[@subhash86chem]

Awesome👍👍👏, simply the best👍.

[@ASHOKSHARMA-we1xx]

Thanks...bro both of u......

[@kprahlad0722]

Amazing content. Thank You for explaining it with such patience!

[@SAMCOSecuritiesIndia]

Hi, thank you for the kind words and we are glad to know that you found the video amazing.

[@GJ-bf1yn]

Rules are simple and clear . Thank you

[@SAMCOSecuritiesIndia]

Thank you for your feedback. Please subscribe to our KZbin channel for more such insightful videos.

[@prabodh86]

Very nicely explained by Mr. Yogesh Nanda... easy to understand. Thanks Yogesh ji.

[@SAMCOSecuritiesIndia]

Hi Prabodh, thank you for your comment, we are glad that you liked the video. Keep Watching:)

[@vikrantjadhav6634]

Nice presentation, would like to know when to use daily pivots, looks like you are using monthly and weekly pivots only

[@SandeepKumar-sk9bd]

Great knowledge in simplified way. 👌👌

[@SAMCOSecuritiesIndia]

Thank you for your feedback. Please subscribe to our KZbin channel for more such insightful videos.

[@RajivDanait]

Very Informative and good clarity

[@rushikeshpatil2713]

Thank you so much sir 🙏

[@vibinmt]

Very helpful... Thank You.

[@hemantrk283]

Eagerly waiting for next pivot based option trading setup. Thanks in advance 🎉

[@SAMCOSecuritiesIndia]

Thank you for your feedback. Please subscribe to our KZbin channel for more such insightful videos.

[@anshumatanhelia6571]

Hi, Please also suggest some good screener where we can follow and search the learning we get from your channel. currently i am using keystock as a screener. But pivot and rsi screener i didnt get in this.

[@thesonajbs]

Thanks for sharing such amazing content.

[@SAMCOSecuritiesIndia]

Glad you enjoy it!

[@PalwankarRavi]

Excellent vdo. Request to share screener for this beautiful trading system. Thx alot again.

[@kishoresharma8697]

Do we need to make any changes to the script to look same like in chart which showing in the video?

[@techreviews1450]

Very good analytical information

[@ashishmarwah3153]

Hi, Great learning . Please make chart ink scanner based on the video.

[@abhijitkautkar3163]

Great Study👍

[@durairajmargabandu7465]

Which pivot indicator for monthly and weekly is recommended sir

[@Sawantg358]

Thanks for giving valuable information sir

[@SAMCOSecuritiesIndia]

Thank you for your feedback. Please subscribe to our KZbin channel for more such insightful videos.

[@pradipdal3793]

Excellent very very salute to both u

[@SAMCOSecuritiesIndia]

Hi Pradip, Thank you for appreciating.

[@indianvineshouse8227]

Can we use it in currency pairs.

[@hemantrk283]

Yet another very useful discussion. Special thanks to Apoorva and Yogesh ji. Apporva can we have scanners for pivot method?

[@SAMCOSecuritiesIndia]

Your feedback is been noted. Please subscribe to our KZbin channel for more such insightful videos.

[@prabaj84]

Awesome.Big fan of Yogesh Nanda

[@rameshkumarsuthar]

grate explanation - thanks.

[@SAMCOSecuritiesIndia]

Hi Ramesh, we're glad to know that you found the video informative.

[@ramesshchamkeri9841]

Very nice simple trading strategy

[@sreenivasaraokosuru566]

Very useful information for beginners, I cont find that indicator in trading view , any one tel full name and provider name

[@shalinkapadia3272]

Yogesh sir looking smart as always 👍

[@PG-zv3yy]

Getting below error while applying "line 56: The `transp` argument will be deprecated soon. We recommend using color.new() or color.rgb() functions to specify the transparency of the plots instead". Also this indicator looks different than one shown in the video may be settings are bit different.

[@priyank4276]

Thank You Yogesh Sir

[@SAMCOSecuritiesIndia]

Thank you for your feedback. Please subscribe to our KZbin channel for more such insightful videos.

[@vikasmankala]

thank you

[@hargopalverma9183]

V good, meaningful presentation

[@SAMCOSecuritiesIndia]

Thank you for your feedback. Please subscribe to our KZbin channel for more such insightful videos.

[@aravind9098]

Awesome video sir 👏

[@SAMCOSecuritiesIndia]

Hi, we're glad to know that you found the video awesome.

[@dipankardutta602]

Sir can you please provide a chartink scanner based on this setup 🙏

[@sudhanvapatki2142]

Very Simple and Easy

[@SAMCOSecuritiesIndia]

Thank you for your feedback. Please subscribe to our KZbin channel for more such insightful videos.

[@MdMeraj-il7pc]

Sir how to plotting weekly and monthly pivot in one chart

[@tejenderlalverma6499]

Script copy/paste in trading view will shown only monthly & weekly pivot line not R1/S1, R2/S2 kindly give us the solution.

[@narendersharma8283]

Very use full information. Sir when we copy link in pine there is no R1 and S1 lines available . Only tow dotted line one with bigger dots and another with smaller dots . Pl make video as how to copy and paste the link in Trading view pine . It will be really useful . Thanks in advance

[@SAMCOSecuritiesIndia]

Your feedback is been noted. Please subscribe to our KZbin channel for more such insightful videos.

[@rajivshah3780]

Very helpful thank u so much

[@SAMCOSecuritiesIndia]

Thank you for your comment. Please subscribe to our KZbin channel for more such insightful videos.

[@InderSingh-nl3oe]

I coped code in trading view but still nit getting Monthly, weekly pivots..pls help

[@z.m.r.creations...9401]

excellent concept my favorite always Pivot, but here raising one question how to find pivot breakout stocks, manually from 5k stocks it's highly impossible, please suggest

[@SAMCOSecuritiesIndia]

Hi, you can create a smaller watchlist and begin tracking that and then add more.

[@pratapraoghadage9679]

I like video sir very usefull thanks kya ye Mai forex pe use kar sakta hoo sir

[@SAMCOSecuritiesIndia]

Yes can be used on any indicator. Please subscribe to our KZbin channel for more such insightful videos.

[@prakashradhakrishnan4842]

Very Nice Video. Good thing is mostly he spoke in English -- Understand the concept this time. Please consider doing more English videos - Or at least like this some portion in English. Thanks.

[@SAMCOSecuritiesIndia]

Thank you for your comment. Please subscribe to our KZbin channel for more such insightful videos.

[@rahulgoriya9771]

Sir pivot ki seting kya hogi monthly weakly piovt

[@RajSingh-cv9km]

Very similiar to support & resistence lineS we draw horizontally

[@soumenmondal9822]

You are awesome.

[@sudhinbathija9946]

When do you pick up blue chip shares if you go with the trend? Warren Buffet says be fearful when others are greedy and greedy when others are fearful. Throw some light on this thanks. I normally sell at R1 and buy at S1 provided if profitable as I do the same counters, this works wonders in a range bound market and 80% of the time we are ranged, if one considers the period prior to March'20. Stock selection is important here and this method is not advisable for Mid/small caps, also one has to have a lot of patience as a one direction movement will not help, hence this works best in a range bound market and I do this only for the nifty stocks.

[@AmarjeetSingh-tn3gl]

Thanks

[@shambhuprasadmainali2498]

Amazing strategy.

[@SAMCOSecuritiesIndia]

Thank you for your feedback

[@nikhileshmishra3247]

Any book recommended for pivot trading..??

[@kumarprofessional4724]

apricated...

[@rajanamit21]

hello sir indicator is not working like that shown in video please do edit in pine editor for us thanks in advance

[@SAMCOSecuritiesIndia]

"Use code from given link for indicator Link: pastebin.com/71Cr4zBa password: yogesh watch this video for how to plot the trading view code shared kzbin.info/www/bejne/h4qko5ltn99oobc"

[@investguide5048]

owsem 👏🤗🤗

[@yashvaibhavraj]

Hi Apurva. I could not understand how you plot monthly and weekly Pivot on a 15minutes chart. We have to put it manually. Please clarify. Thanks to you and as well as Mr. Yogesh also.

[@rishipatel8245]

Hello Rajesh, In the description, click on pastebin, this will open in other page, where it asks for password enter the password 'yogesh'. This will open the script, copy the script for this indicator. Go to tradingview, open a chart, below the chart click on pine editor, first delete everything in the pine editor and then paste the script in pine editor, save it and then apply it to the chart. This will plot monthly and weekly pivot on your chart. The pivot would remain the same even when you change the timeframe. I hope this is helpful.

[@SAMCOSecuritiesIndia]

"Use code from given link for indicator Link: pastebin.com/71Cr4zBa password: yogesh watch this video for how to plot the trading view code shared kzbin.info/www/bejne/h4qko5ltn99oobc"

[@sagarlokare5269]

You mean pivots for monthly and weekly will always remain the same??

[@sagarlokare5269]

​@@rishipatel8245 you mean monthly and weekly pivot will be same

[@cooltrader9904]

Sir how to plot pivot of monthly and weekly in 15.min chart fram can y give idea

[@SAMCOSecuritiesIndia]

Use the following code:- Link: pastebin.com/71Cr4zBa password: yogesh note: copy this code and paste in Tradinview pine editor Please subscribe to our KZbin channel for more such insightful videos.

[@nikhilbagalkotkar716]

Trading in the Zone is the best book... Watch 7 hrs videos repeatedly from mark Douglas multiple times so that your Psychological frame work is set

[@pk8949]

link is not opening for pine editor please recheck it and paste it again, thanks in advance. Very nice video yogesh sir

[@SAMCOSecuritiesIndia]

"Use code from given link for indicator Link: pastebin.com/71Cr4zBa password: yogesh watch this video for how to plot the trading view code shared kzbin.info/www/bejne/h4qko5ltn99oobc"

[@MrSeethavenkata]

Excellent Strategy

[@SAMCOSecuritiesIndia]

Thank you for your feedback. Please subscribe to our KZbin channel for more such insightful videos.

[@kailasgaikwad1365]

sir thanks

[@sathishkumara8399]

I Sir this is good video !

[@SAMCOSecuritiesIndia]

Thank you for your feedback. Please subscribe to our KZbin channel for more such insightful videos.

[@yogi1669]

Must watch 4 all 🙏

[@investorkida]

Hi Apurva, I have a one question as a momentum trader (9:15 AM to 10:00 AM), Would pivot work on 5 minutes or 15 minutes?

[@SAMCOSecuritiesIndia]

Pivot level will be same on any timeframe. Higher the timeframe lower will be whip sows. Please subscribe to our KZbin channel for more such insightful videos.

[@nilcjr7449]

Any screener for above stradgy

[@VNMRGSN]

good take note

[@SHASHI032]

simple and superb

[@SAMCOSecuritiesIndia]

Thank you for your feedback. Please subscribe to our KZbin channel for more such insightful videos.

[@SHASHI032]

@@SAMCOSecuritiesIndia you are doing a great job bringing vetrans of the market with such great knowledgefull videos 👍

[@secretoflife9872]

I like ur channel. So i subscribe it 👍

[@SAMCOSecuritiesIndia]

Thank you for your feedback! Please share this video with your family and friends.

[@amiralipanjwani4666]

Nice information

[@SAMCOSecuritiesIndia]

Thank you for your feedback. Please subscribe to our KZbin channel for more such insightful videos.

[@oindrillakundu1535]

Wonderful concept, thanks....the R1 S1 support and resistance is not showing in tradingview after copy pasting the code. Kindly advise.

[@SAMCOSecuritiesIndia]

You can select R1 S1 from setting of indicator. Please subscribe to our KZbin channel for more such insightful videos.

[@tejenderlalverma6499]

same problem i am facing