Going With The 60min Flow!!!

[Prabhjeet]

This is an attempt to get the doubts cleared. It seems my doubts emanate from the definition of a pivot that i have formed in my mind!!!

Satya had very kindly tried his best to clear my doubts, even went to the length of drawing artificial bars to make things clearer for me, but seems there is some mental block hindering me!!!

I have tried to follow Saints advise : "Go with the eye"!!!

I am posting 18th August charts at various times :

This is the one at 1 PM, after 1 PM bar was complete :

Chart from 11 AM onwards : (after completion of 11 AM bar...)

Though I myself are not very good at finding my Pivots myself RK but I think yesterday's valid & invalid pivots were clear, have a look at the charts

Though things are very clear to eyes but its the brain that intervenes and messes the simple things, may be someday we will start seeing pivots rather than trying to find them

 

[musicjunkie]

We are all assuming that The worst month Saint has encountered was March '08. He has posted the chart. +700 points though.

 

[Prabhjeet]

Yes MJ, the worst month that Saint has posted is with 700 pts. gain, but may not be same for us as Saint does not hesitate over what is valid whats not a valid pivot and above all the adds that he puts to his position makes all the difference

 

[rakeshluthra430]

Hmm.....was a good month actually.Will put it up later in the night,Rakesh.

Saint

Saint,
I got scared reading this.....think i have still not got the hang of this system even after so much of efforts.
Kindly do post your chart...or mark corrections on the one i posted to save on time. Looking forward for the 'answer sheet'...

Thanks,
Rakesh

 

[musicjunkie]

Yes prabhjeet, while we are short and debate or "valid" pivot, Saint is stopped out early and probably already added twice before we make up our minds. Alot of wisdom in his words "Take the I out of trading"

 

[sikandar]

Latest SL

 

[man4urheart]

Summarizing Current Position Of Thread

Short Since : 4572
StopLoss: 4439+15 =4454
Profit/Loss in Current Trade = 4572-4454 = +118 Points

We change our Position to Long if NIFTY Trades above :4454

Team members have also added (multiple Lots) along the journey, there risk and Profit levels are different from above, but stop loss is same

 

[Saint]

Rakesh,putting this up for now.....Not bad a month........Let me go through yours later and see where the problem could be.I know that it's definitely not the seeing of things.........Probably your adds,etc.

Saint

 

[rakeshluthra430]

Rakesh,putting this up for now.....Not bad a month........Let me go through yours later and see where the problem could be.I know that it's definitely not the seeing of things.........Probably your adds,etc.

Saint

Thank GOD...Saint..mine was for May 2007...and not 2008...
Thanks a lot for the chart though....and yes..will look forward for the corrections you mark in the chart i posted...that was for last year May.

Thanks again,
Rakesh.

 

[Saint]

Thank GOD...Saint..mine was for May 2007...and not 2008...
Thanks a lot for the chart though....and yes..will look forward for the corrections you mark in the chart i posted...that was for last year May.

Thanks again,
Rakesh.

Phew....all fine then.

And yep....May 07 looking like a bit of a nuisance month on one look.Will post it later after market.

Saint