Going With The 60min Flow!!!
- Thread starter Saint
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Re: Live discussion Saint's - 60 minute flow
sorry to bug you beethoven. but we didn't made a new pivot high today.
quote:
THE METHOD:
"PIVOTS:-Let us talk shorts,as the case is always to talk in terms of longs..Lower Pivot Highs and Lows,visible ones,visually obvious ones,every breakdown to new lows is an opportunity to bring stops down to the latest pivot high.Keep doing this till a previous pivot high is broken.A break of that pivot high and we exit all Short positions-initial as well as Adds and enter initial positions Long. It's as simple as it can be, just focus on 2 things:a.visual b.new lows,then move stops.REVERSAL is Rs 15 below the previous pivot low in case of Nifty. This Rs 15 is what we call a "Filter" and it varies with each security depending on its price and volatility."
unquote.
sorry to bug you beethoven. but we didn't made a new pivot high today.
quote:
THE METHOD:
"PIVOTS:-Let us talk shorts,as the case is always to talk in terms of longs..Lower Pivot Highs and Lows,visible ones,visually obvious ones,every breakdown to new lows is an opportunity to bring stops down to the latest pivot high.Keep doing this till a previous pivot high is broken.A break of that pivot high and we exit all Short positions-initial as well as Adds and enter initial positions Long. It's as simple as it can be, just focus on 2 things:a.visual b.new lows,then move stops.REVERSAL is Rs 15 below the previous pivot low in case of Nifty. This Rs 15 is what we call a "Filter" and it varies with each security depending on its price and volatility."
unquote.
Re: Live discussion Saint's - 60 minute flow
11 am bar hi of today is a new pivot high today which is lower than 2 pm bar hi which was the pivot high yesterday.
What exactly is your confusion?
Are you long or short now?
If long then your SAR should be at last bar low - f of yesterday. We are in borderline case now. Last bar low is cracked and waiting for the price to take out the filter to go short.
Hope i could clear your doubt.
Bee
sorry to bug you beethoven. but we didn't made a new pivot high today.
quote:
THE METHOD:
"PIVOTS:-Let us talk shorts,as the case is always to talk in terms of longs..Lower Pivot Highs and Lows,visible ones,visually obvious ones,every breakdown to new lows is an opportunity to bring stops down to the latest pivot high.Keep doing this till a previous pivot high is broken.A break of that pivot high and we exit all Short positions-initial as well as Adds and enter initial positions Long. It's as simple as it can be, just focus on 2 things:a.visual b.new lows,then move stops.REVERSAL is Rs 15 below the previous pivot low in case of Nifty. This Rs 15 is what we call a "Filter" and it varies with each security depending on its price and volatility."
unquote.
quote:
THE METHOD:
"PIVOTS:-Let us talk shorts,as the case is always to talk in terms of longs..Lower Pivot Highs and Lows,visible ones,visually obvious ones,every breakdown to new lows is an opportunity to bring stops down to the latest pivot high.Keep doing this till a previous pivot high is broken.A break of that pivot high and we exit all Short positions-initial as well as Adds and enter initial positions Long. It's as simple as it can be, just focus on 2 things:a.visual b.new lows,then move stops.REVERSAL is Rs 15 below the previous pivot low in case of Nifty. This Rs 15 is what we call a "Filter" and it varies with each security depending on its price and volatility."
unquote.
What exactly is your confusion?
Are you long or short now?
If long then your SAR should be at last bar low - f of yesterday. We are in borderline case now. Last bar low is cracked and waiting for the price to take out the filter to go short.
Hope i could clear your doubt.
Bee
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