Going With The 60min Flow!!!

[niftyrider]

Re: 60min Flow Trades for the Week: Saint's Method

Posting Bank Nifty 60 min flow trades marked on the chart. Included todays trades also.

The index is a bit volatile hence add,reversal etc done with safety and caution. A bit less agressive stance than NF.

Smart_trade

ST
thnx for the chart i m too trading bank nifty but without adds bcoz of MM.
I wanted to clear 1 thing u have shorted bank nifty on 9th by taking WRB (1 pm bar of 6th?

Bcoz i raises this question in live thread and everybody confused with WRB as sar point.

Please flash some light on that.

 

[Smart_trade]

Re: 60min Flow Trades for the Week: Saint's Method

ST
thnx for the chart i m too trading bank nifty but without adds bcoz of MM.
I wanted to clear 1 thing u have shorted bank nifty on 9th by taking WRB (1 pm bar of 6th?

Bcoz i raises this question in live thread and everybody confused with WRB as sar point.

Please flash some light on that.

WRB and also a sideways movement pivot. A 6 bars sideways movement,I was expecting it to breakout on the upside but WRB down bar was a bad sign. Market broke on downside and WRB and sideways pivot was a strong signal to reverse to short.

Best wishes,

Smart_trade

 

[jatayoo]

Re: Live discussion Saint's - 60 minute flow

Hello KomaL,

ABAN seems to be making a better quality pivot as per picture posted by you. HDIL no bar really shows a bottom rejection.

vin

I do not think it is a PH. The 3rd, 4th, 5th bars are not giving any decisive visual indication.Saint has written..." what is not visual is not worth it..". Something of that sort.
Maybe I should check up on the 30 min, timeframe for a visual indication.

 

[Smart_trade]

Re: Live discussion Saint's - 60 minute flow

HDIL 60 min chart

Dont think it is a reversal pivot Komal. I apply a test " whether it will reverse the direction of the flow ?" . The bar preeceeding sideways movement is a WRB down close bar slowing extreme weakness. Market has to show some strength to consider top of this range as PH. THe bars are not even reaching half of the WRB. Will require some more show of strength before considering it as PH worthy of reversing our position. Saint sir has mentioned that all pivots are not worthy of reversal. I think this is one such case.

Best Wishes,

Smart_trade

 

[KomaL2099]

Re: Live discussion Saint's - 60 minute flow

Here is it for all to analyse ... please review and tell me how the two situations are different from each other.

http://www.traderji.com/equities/21903-going-60min-flow-712.html#post239338

sorry to bother all !!!!
thanks
komal

 

[niftyrider]

Re: 60min Flow Trades for the Week: Saint's Method

WRB and also a sideways movement pivot. A 6 bars sideways movement,I was expecting it to breakout on the upside but WRB down bar was a bad sign. Market broke on downside and WRB and sideways pivot was a strong signal to reverse to short.

Best wishes,

Smart_trade

thx ST for quick reply.

 

[kapil123]

Re: Live discussion Saint's - 60 minute flow

Here is it for all to analyse ... please review and tell me how the two situations are different from each other.

http://www.traderji.com/equities/21903-going-60min-flow-712.html#post239338

sorry to bother all !!!!
thanks
komal

If comparing this with the situation that ST has talked about in his above post, then the difference is WRB.

 

[Smart_trade]

Re: Live discussion Saint's - 60 minute flow

Here is it for all to analyse ... please review and tell me how the two situations are different from each other.

http://www.traderji.com/equities/21903-going-60min-flow-712.html#post239338

sorry to bother all !!!!
thanks
komal

Good brain teaser..... But huge difference Komal ,two cases are poles apart.

I will term the two cases as Present case and Previous case

In present case,there is a huge WRB bearish candle showing extra bearish force which needs to be nullified by some positive bars. I present case we are short and looking to reverse to long.The sideways bars are too small,not even 1/2 of bearish WRB. Also after a bearish WRB,the market absorbing all selling and reversing in just 4 tiny bars.... unlikely.

In previous case,the market has made a bottom,and taken a sufficiently long time to complete its correction. There is no WRB,and the market looks exhausted and probably making a double top formation The sideways bars are of normal size and market is probably set to reverse.

Best Wishes,

Smart_trade

 

[HEM]

Re: Live discussion Saint's - 60 minute flow

To Saint sir and all our traderji friends wishing you very Happy Holi .

Regards,
Hemant

 

[HEM]

Re: 60min Flow Trades for the Week: Saint's Method

To Saint sir and all our traderji friends wishing you very Happy Holi .

Regards,
Hemant