Re: Live discussion Saint's - 60 minute flow
EOD reversal may be due to just kissing the SAR points filter.
but me too short.hope for dow breaking down:console:
I am surprised with this EOD reversal too. I have been following this thread closely but never heard of this method.
I am long right now because I used a larger filter. I changed filter after getting whipsawed multiple times in Jan/Feb
Was this method discussed earlier. If yes, can anyone point me to it.
Thanks
Nitin
using flow....visually without ne retracement nifty have been making new high.......a retracement was due.....means a pivot formation....or a dip in price...which we witness in uptrend....
now we got a pl at 11 p.m. bar today......a minor pivot........low 2752.65
after dat it broke the pl at 2 p.m. bar and hit 2735 didn even hit our filter.....next bar 3 p.m. bar 2729 and den closes bullish and makes high 2767...... not so good reaction at the pivot break....not taking out big filters.......
at 3 :30 too a bullish bar.......
so if using a small filter ... if u had gone short..... it is simple.... u reverse back.........its called eod reversal .. coz u reversed at eod ...
basically looking at price moment .. i make out that this most probably is a valid retracement...or pl formation in uptrend.....rather den a reversal of trend...
if u followed ur plan and standing short
no problem...revert back at days high + f ....... not wrong in dat.......
regards
neeraj