Going With The 60min Flow!!!

[Prabhjeet]

A long NF position was reversed below a minor pivot of 4532 which was formed on 6th Aug and triggered on 7th. This short position was reversed on 11 Aug near end of day at 4641 due to opening high which pushed up the reversal SL. This long position from 4641 was reversed to short on 12th. These whipsaws wiped out nearly 300 NF points.

had we not reversed long to short below 4532 minor pivot, our long trade would have survived till 12th aug and reversed to short on 12th only.

But then, Saint says to go with flow, not just PH and PL. And so we will do.

regards,
vin

I agree with you Vin, going with flow is more important than anything else

 

[vinst]

NF: confirmed PH of 4589.

 

[alokdaga]

Guys I am using Viratech for my 60 min. charts but they are giving data at intervals 10.30,11.30, etc. so though this thing helps by avoiding 1st 5 min. bar & last 30 min. bar but problem is that I dont see bars as you people do.

Has anyone got a solution to this

Can't do anything about it as their data is in this resolution only - I have the same data also.

 

[Prabhjeet]

Pivots and stoploss for 13 AUG 08

 

[trader111]

Hi trader111 if you are around can we think same as you have pointed in this messege that pivot 4591 is gaining more importance now


Regards
Satya

yeah Satya, the pivot's importance has grown even more since our last discussion

reposting Prabhjeet's chart with our key area marked. I think every regular NF trader must have his eyes set abt how NF behaves about the pivot (if it tries ever to break it).

Newcomers please note that how Saint's simple method is powerful enough to include patterns, support resistance areas etc. We need nothing else than following the system.

A request to the regular traders here: please post more charts with the pivots marked.

By trader111

 

[Czar]

Plain & simple for Kiss

 

[Prabhjeet]

Another gap down opening, but does not look like we will fill the gap like we did yesterday

 

[Czar]

there is no gap Prabhjeet, Intraday gap is of no consideration.

 

[Prabhjeet]

Ok Czar , I think you pointed out the right thing.

Anyways add to positions at 4485 - 7 = 4478

 

[musicjunkie]

Ok Czar , I think you pointed out the right thing.

Anyways add to positions at 4485 - 7 = 4478

not waiting for a pivot break before adding?