Going With The 60min Flow!!!

[beethoven]

Re: Live discussion Saint's - 60 minute flow

yes I applied the gap rule .. it was a huge Gap up bee .

Large gap agreed. But it is not beyond the range of last 2/3 days. Nor is it coming after a prolonged upswing signifying an exhaustion gap -- in fact it is coming from near bottom of the range of NF where we can only expect an upswing, max we can expect is that the prices will travel into the gap and make a pivot -- this is the only high probability thing which can happen.

Reversal after gap low less filter (whatever you may like to keep here) is not expected as high probability -- but a higher PL is expected.

My views -- supported by the 60 min rules (and some external factors such as NF trading virtually at the low of the range and world markets perking up which may be discounted as a valid argument).

Bee

 

[Satyen]

Re: Live discussion Saint's - 60 minute flow

Large gap agreed. But it is not beyond the range of last 2/3 days. Nor is it coming after a prolonged upswing signifying an exhaustion gap -- in fact it is coming from near bottom of the range of NF where we can only expect an upswing, max we can expect is that the prices will travel into the gap and make a pivot -- this is the only high probability thing which can happen.

Reversal after gap low less filter (whatever you may like to keep here) is not expected as high probability -- but a higher PL is expected.

My views -- supported by the 60 min rules (and some external factors such as NF trading virtually at the low of the range and world markets perking up which may be discounted as a valid argument).

Bee

Thanks valid points Bee

regards
Satya

 

[Satyen]

Re: Live discussion Saint's - 60 minute flow

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

Thanks

Regards
Satya

 

[Smart_trade]

Re: Live discussion Saint's - 60 minute flow

Large gap agreed. But it is not beyond the range of last 2/3 days. Nor is it coming after a prolonged upswing signifying an exhaustion gap -- in fact it is coming from near bottom of the range of NF where we can only expect an upswing, max we can expect is that the prices will travel into the gap and make a pivot -- this is the only high probability thing which can happen.

Reversal after gap low less filter (whatever you may like to keep here) is not expected as high probability -- but a higher PL is expected.

My views -- supported by the 60 min rules (and some external factors such as NF trading virtually at the low of the range and world markets perking up which may be discounted as a valid argument).

Bee

Agreed, Bee though it was a large gap it was unlikely to be an exhaustion gap and market will certainly give a pivot low to reverse in case it reverses. Some of us use this tweak that if the gap is large and above 2 days range...then reverse below first 5 min bar low -f if it is a red candle.

But as the gap was in our favour,you are absolutely right in waiting for pivot low to form for reversal..... Cannot find anything wrong there....

Best wishes,

Smart_trade

 

[KomaL2099]

Re: Live discussion Saint's - 60 minute flow

Satya
I cannot view your chart . can you tell me whats your view on ADD (Above which Bar)

thanks
KomaL

 

[Satyen]

Re: Live discussion Saint's - 60 minute flow

Satya
I cannot view your chart . can you tell me whats your view on ADD (Above which Bar)

thanks
KomaL

Hi Komal Attached the chart may help you its todays first 5 min high + filter

Regards
Satya

 

[Satyen]

Re: Live discussion Saint's - 60 minute flow

Looks like instead of 3 min if we have 30 min to trade then will hit our SAR

Regards
Satya

 

[rishig38]

Re: Live discussion Saint's - 60 minute flow

Looks like instead of 3 min if we have 30 min to trade then will hit our SAR

Regards
Satya

hahaa...true

 

[rishig38]

Re: Live discussion Saint's - 60 minute flow

hahaa...true

would this upmove and downmove constitue a failed uptrend and warrant a reversal without the stops getting hit?

 

[vinst]

Re: Live discussion Saint's - 60 minute flow

today, did End of Day reversal came into picture on NF add?

vin