Going With The 60min Flow!!!

[vinst]

Short From 4572.

PL = 2 PM bar Low, 4535
PH = 3 PM bar High 4592

Adds @ 4535 - 7 = 4528
Reversal @ 4592 + 15 = 4607

Hopefully my understanding is correct.

Cheers

Reversal is still at 4654+15=4669 as posted earlier. Today's 3pm bar has not become PH yet.

With which significance of 3pm bar, have you thought it to be a reversal point?
vin

 

[musicjunkie]

Any problem Mj?

Thank you for asking Prabhjeet, ur always there.
no problem. Just his being around was nice

Also I wish I had more than a month's worth of data so I could backtest. Saint's charts for 4 months are overwhelming.
I have made 1 profitable trade and 2 losses. I guess my patience (our patience) will be paid off in the coming week. Since the system prohibits us thinking bout whats lost will stop this topic here
And thanks for listening Prabhjeet hehe

 

[musicjunkie]

Cheers To that CCmb420!! very well put.

 

[Prabhjeet]

Thank you for asking Prabhjeet, ur always there.
no problem. Just his being around was nice

Also I wish I had more than a month's worth of data so I could backtest. Saint's charts for 4 months are overwhelming.
I have made 1 profitable trade and 2 losses. I guess my patience (our patience) will be paid off in the coming week. Since the system prohibits us thinking bout whats lost will stop this topic here
And thanks for listening Prabhjeet hehe

Oh yes MJ, really missing Saint a lot but as Shravan pointed out we can only grow better if we become independent rather than always clinging to Saint's fingers

 

[Prabhjeet]

Short From 4572.

PL = 2 PM bar Low, 4535
PH = 3 PM bar High 4592

Adds @ 4535 - 7 = 4528
Reversal @ 4592 + 15 = 4607

Hopefully my understanding is correct.

Cheers

Guys plz. dont confuse stoplosses, train your eyes to see what is obvious, rt. now the Pivot hi remains at 4654, so keep stoplosses at 4669

 

[pakatil]

Reversal is still at 4654+15=4669 as posted earlier. Today's 3pm bar has not become PH yet.

With which significance of 3pm bar, have you thought it to be a reversal point?
vin

3.30 / 4 PM Bar has formed with High lower than 3 PM Bar. Hence the assumption 3 PM Bar is PH.

I think same criteria was used in determining PL on 7th.

 

[pakatil]

Guys plz. dont confuse stoplosses, train your eyes to see what is obvious, rt. now the Pivot hi remains at 4654, so keep stoplosses at 4669

OK friend. Will only read the thread and will never post

Cheers

 

[Reji]

OK friend. Will only read the thread and will never post

Cheers

Hi Pakatil,

Take it easy man and don't be so sensitive. However if you increase the chart period from 5 days to say 8-10 days, charts would be much more clearer and you would be able to identify the pivot at a glance. Have a look at the charts posted by Satya, Prabhajeet and Man4urheart!
Best wishes

Reji

 

[pakatil]

Raise stop losses on NF to 4532-15=4517.

This is the sweetest part......you know that now,barring an ugly gap down,that 4301 to 4517 is in your pocket with a few adds in between......Train the mind to focus on the 4517 from entry as gains,and not till the present value.

Saint

@ccmb420,

Let me cross my line for one time.

Never could imagine Saint's words would sound anomoly so as to be pointed out by some body else.

BTW I trade real MiNifty, never believed in Paper Trading

Cheers

 

[Prabhjeet]

OK friend. Will only read the thread and will never post

Cheers

Please dont say that Pakatil, I am just a fellow trader like you are & may be your views are more correct than mine, I just call the pivot which my eyes can see, I didnt think that the 4586 looked like a pivot so I put forth my views. Dont even think of not posting, we all need each other's guidance

Regards