Going With The 60min Flow!!!

[pakatil]

Though there is nothing new to add, RK Satya & Man4urheart have handled everything very well still am posting the charts for today's pivots

So if some one was not following this post, what would be a good entry point to short? And, would the shorts still remain same?

If I want to enter now, would do as follows on monday 18th;

1. If there is visual gap down, low of 5 Min Bar - 15.

2. If opens normal & goes down, will wait for break of Low of 1 PM Bar of 04/08/2008. ie., 4362 - 15

3. If opens gap up, 14th low 4427 - 15.

Cheers

 

[sikandar]

Latest PH?
http://img210.imageshack.us/img210/6295/89033781kf6.png

 

[rkkarnani]

Missing yr posts last couple of days Sir ji,As you are trading the system,we need yr guidence.Yr SBI short trade is rocking and so does Nifty short trade!!!
Trade Well,Regards,

Smart_trade

Hi Smart, I am very much here!!! Did post a few times, u might have missed!! SBI i found to be doing fine!!! Nifty is Saints baby!!! Nurtured by Satya, Prabhjeet and Milky!!! They are doing simply a fantastic job !!! Frankly I am not trading the system, hence would not like to confuse issues here!!!
Thanks!!!! U trade well too!!! All the best!!!
Regards
R K Karnani

 

[rkkarnani]

We are short in Nifty!!! Seeing a EOD chart couldnt help noticing that Nifty Futures has closed below a PL!!! So I presume a sell is also genetrated in a EOD chart. Not sure about the rules of trading EOD time frame. Seems this trade should give decent profits!!!
We already are in profits as per Saints method of 60 minutes!!!

 

[Saint]

Latest PH?
http://img210.imageshack.us/img210/6295/89033781kf6.png

Yep Sikandar......latest pivot high,and therefore your latest reversal point.

Saint

 

[Saint]

Frankly...have never bothered to differentiate between major and minor pivot....still going by what looks obvious to me ....with the aim of (a) moving up the stops whenever the market makes it obvious (b) not moving them too close so as to risk the overall trend...

Maybe I am wrong....but then have backtested the system with this 'wrong' perspective (though still not trading Nifty hourly full throttle).

Rakesh

Rakesh,your "wrong" perspective is the right perspective.........as said before,go with the eye.All correct with all that's written in the above paragraph.

Great going as always,Rakesh........

Saint

 

[Saint]

From the 12th till now,hope everyone is short .......think there were 1 or 2 adds as well.

Saint

 

[Saint]

400 posts in the last 6 days!!!

Some require responding,most I hope are auto-taken care off by the guys who have found the hang of this method.

Shall look into them a bit later .......


Saint

 

[sikandar]

Yep Sikandar......latest pivot high,and therefore your latest reversal point.

Saint

Thank you saint,happy to sea yor post after along break here and clarifiying latest PH.
regards
sikandar

 

[Prabhjeet]

400 posts in the last 6 days!!!

Some require responding,most I hope are auto-taken care off by the guys who have found the hang of this method.

Shall look into them a bit later .......


Saint

Welcome back Saint!! Cant tell you how happy I am to know you are back. I can understand how much of a pain it is to read 400 posts & if possible may be you can have a look at some of the charts and clear some doubts