Re: 60min Flow Trades for the Week: Saint's Method
Hi Neeraj...
I am going through this thread...
got one question about this reliance chart above sorry for asking such an old chart,
17th march 11 am bar isn't Pivot low? and thus SAR should have moved there and effectively short would have triggered (dont know the filter)
2. the 12 noon bar is pivot high atleast and thus adds should have triggered...(ignore if its tht ur MM doesnt allow that)
I am feeling i would have got whipsawed in this....
also on 18th the move is vertical so cant we move our SAR with 2 bar method or this method doesnt qualify here since pivot is so near as marked by you.
Please resolve......my understanding whatever i developed reading this whole thread is getting shaken as i might have missed a crucial and important point.....
Thanks,
Tushar
:thumb: for ur good observation......
i was somehow expecting this question.....but no1 asked
well go thru the image......this is nt a pivot...it is a sideways movement...with a bearish 5 min bar in between....
gear 1 trading is what we do in 60 min flow....u dun wanna mess with a good position reversing on pivots that are not major...and not clear to the eye.....so we should always put a SAR at a clear point of reversal......
this above picture is just to see whats hapenning in the pivot.....u will know 4 urself what was actually happening.....
*we are nt doing 30 min flow....i just took it for referance.....just to hav insider look of the 60 min pivot.......
go thru lots and lots of charts......go thru pivots.....
1 more thing....even if u reversed using this pivot...and it was in ur plan.....u wud have reversed the next dat and holded the right position.....
abt the adds...with lott size so large now...we were already with full adds......
follow d plan......and great gng tushar....keep posting ur doubts if any...all of us here will b there to answer.....
regards
neeraj