Hello Satya,May be my observations may be impertinent,please excuse, but with my limited knowledge,i request u to clarify : (and be prepared that my views may be totally wrong and I might have failed to fully understand the Pivot concept)
01. Is it correct that the HHP (higher high pivot) on 29th May, the derivative closing day was 4958.80 the high of the opening bar(My reason to call it HHP : A lower high pivot was formed on 27th May with the high of 1 oclock and 2 o clock bars as the high of the pivot.)
02. When and On which bar we went long in the June futures ???
03. The lower pivot low formed on 27th by the closing bar with low at 4828, and the level of pivot low formed on 30th May, the first trading day of june futures, was 4825, very near the level of pivot formed on 27th may. Now my query :why did we exit and reverse our position at 4796 and not below 4825?
In case the queries are irrelevent due to lack of my understanding the subject, please be frank and reply accordingly. I'll try to understand the subject again.
Here I might be interuppting the flow of things!!!
Regards
-Gautam
01. Is it correct that the HHP (higher high pivot) on 29th May, the derivative closing day was 4958.80 the high of the opening bar(My reason to call it HHP : A lower high pivot was formed on 27th May with the high of 1 oclock and 2 o clock bars as the high of the pivot.)
02. When and On which bar we went long in the June futures ???
03. The lower pivot low formed on 27th by the closing bar with low at 4828, and the level of pivot low formed on 30th May, the first trading day of june futures, was 4825, very near the level of pivot formed on 27th may. Now my query :why did we exit and reverse our position at 4796 and not below 4825?
In case the queries are irrelevent due to lack of my understanding the subject, please be frank and reply accordingly. I'll try to understand the subject again.
Here I might be interuppting the flow of things!!!
Regards
-Gautam
The 60 mins flow method does not use (wait for) higher pivot high / lower pivot low.
It uses Last Pivot High / Low as a breakout level to go Long / Short, hope that helps.
You are right about 4825 being the pivot low and need to go short below that, i think satya wanted to make sure the price is below the round figure level of 4800.
Out of context of this thread.
I request you to compile a single post with the rules that you use and post it on kolkata indicator thread, I know its all there on the 7300 thread but its too dispersed. If you can do that, including everything like ur latest addition of the middle band, it will be easily available for all in one place.
Have made a similar request to RK so maybe you can collaborate and get it done.
Regards
Sanjay