Going With The 60min Flow!!!

[Saint]

Bringing down stoplosses to 4389 + 15 = 4404

Thanx Prabhjeet.......yep on the above.

Saint

 

[Saint]

why stoploss is moved?

A lower pivot high,m4uh...

Saint

 

[Prabhjeet]

Better add below the low of the day!!!

Rk and everyone plz. read the post no. 2023 by Saint about how to add when we gap down below previous pivot lows like we did today

 

[man4urheart]

Summarizing Current Position Of Thread

Short Since : 4572
StopLoss: 4389 + 15 = 4404
Profit/Loss in Current Trade = 4572-4404 = +168 Points

We change our Position to Long if NIFTY Trades above :4404

 

[rkkarnani]

Hi Rk chart posted below bye which pivot we should go ... i have leraned from you if some important level is near by like LOD or HOD then one should go by that level same here i think in my veiw i should go by the Pivot 4458

again if we look at 3 pm Bar it dont look like a Pivot

Regards
Satya

Sorry!! Had not replied earlier!!!
Thanks Satya!!! Thanks a lot!!! I am still trading with my rules perdecided, am trying to understand the difference there is between mine and that is so diligently being drilled into us by Saint!!!
Yes, I still respect the nearby LOD or HOD!!!
There is no doubt about 4458 as PH, but my hesitation was to term it PHat 1 PM instead of 2 PM!!!
Now after reading your posts and those of Saint , I think I am getting the hang of it, things getting a bit more clear!!!!
Thanks again
Regards
R K Karnani

 

[rkkarnani]

Rk and everyone plz. read the post no. 2023 by Saint about how to add when we gap down below previous pivot lows like we did today

Thats exactly we will do when we add below the days low, which is also the low of the gap down opening bar!!!!

 

[man4urheart]

Added at 4348

 

[rishig38]

Added at 4348

you mean you added more shorts at 4348 to your existing position?

 

[Saint]

Added at 4348

m4uh,the add should have been at 4370-7=4363(if you are following the gap down and rally and fall) or 4360-7=4353(below the low of the first bar of the day).

Whichever it is that you are more comfortable with......

But great going nevertheless,my friend.

Saint

ps:From your posts,I concluded that you were not into adding as of now.....

 

[man4urheart]

Yes just collected my guts to start adding!

But looks like I confused with the Low of the first bar at 4354

Anyways!

Summarizing Current Position Of Thread

Short Since : 4572
StopLoss: 4389 + 15 = 4404
Profit/Loss in Current Trade = 4572-4404 = +168 Points

We change our Position to Long if NIFTY Trades above :4404

Latest Add to NF short was 4370-7=4363

P.S: I don't have access LIVE to NIFTY Futures charts of 60 min, so I am solely dependent upon charts posted by TEAM! I only verify at EOD 60 min charts at home!