Going With The 60min Flow!!!

[Prabhjeet]

In my view today's low of 4395 - 7 = 4388 should be our next add

 

[man4urheart]

Good morning All

Summarizing Current Position Of Thread

Short Since : 4572
StopLoss: 4501+15 =4516
Profit/Loss in Current Trade = 4572-4516 = +56 Points

We change our Position to Long if NIFTY Trades above :4516

 

[rishig38]

Good morning All

Summarizing Current Position Of Thread

Short Since : 4572
StopLoss: 4501+15 =4516
Profit/Loss in Current Trade = 4572-4516 = +56 Points

We change our Position to Long if NIFTY Trades above :4516

so if some one wants to short now what is the entry point?

 

[Prabhjeet]

Rishig it is best to enter when there is change in trend, now we already have been holding shorts and are currently only looking for adds, if you want to enter than 4517 is our stop & revert to long level currently

 

[Saint]

Ok Saint, so you mean that we have to risk a few points on earlier add ons and once we get a strong trend we start accumulating large profits, right? I remember last month how you had 10 add ons in Aban & made stupendous profits

Saint one more little doubt, during our this trade we had many pivot lows like 4528, 4505 that could have been possible add ons but markets opened gap down below these levels and we missed our opportunities 2 times so isnt it prudent that after gap down if markets come back to these levels we can add in with previous pivot as stop.

Hope I have explained my question appropriately

Yes,Prabhjeet,RK.......Best place for an add on 13th since NF owes us an add at around 4528,would have been at 4551,the break below that 2pm hourly bar.

But did not want to introduce the tweaks and cause confusions.......do not now short every break of a previous low and not wait for pivots to crack coz that's what Saint said.......that's not what is said.Simply that,there is an add at 4528.Price gapped down and went back to the 4528 levels,and kept going up.Not comfortable to add there.The first breakdown would have been the place to add to shorts.viz 4558-7=4551.

If none of the above is understood,.......simply ignore and not add.

Saint

 

[trader111]

so if some one wants to short now what is the entry point?

See, in this method we make money by managing risk/reward thru pivots.

If you enter at current price, your stoploss will be same as that for others who have been short much earlier. This will screw ur risk/reward, lesser odds of making money. So be patient and take position once we have a recent PH/PL taken out.

Hope this helps.

 

[Prabhjeet]

Yes,Prabhjeet,RK.......Best place for an add on 13th since NF owes us an add at around 4528,would have been at 4551,the break below that 2pm hourly bar.

But did not want to introduce the tweaks and cause confusions.......do not now short every break of a previous low and not wait for pivots to crack coz that's what Saint said.......that's not what is said.Simply that,there is an add at 4528.Price gapped down and went back to the 4528 levels,and kept going up.Not comfortable to add there.The first breakdown would have been the place to add to shorts.viz 4558-7=4551.

If none of the above is understood,.......simply ignore and not add.

Saint

Very well put forward Saint and yes its clear as of now, I hope we remember this next time we are in similar situation

 

[vinst]

so if some one wants to short now what is the entry point?

with adds, the situation as of now is :
shorted at 4574, 4505-7, 4452-7, average is 4505

 

[Saint]

So we got ourselves a new lower pivot high of 4458.....

Saint

 

[musicjunkie]

SL modified to 4473