Going With The 60min Flow!!!

[nareshch]

Summarizing Current Position Of Thread

Long Since : 4404
StopLoss: 4331 - 15 = 4316
Profit/Loss in Current Trade = 4404-4316 = -73 Points

We change our Position to SHORT if NIFTY Trades below :4316

Anybody who wants to join the thread(Team trading the flow), now is the time to Join!, when we reverse the position!

A small change in your report .

Long Since : 4404
Average Price : 4404 ( Will change with Adds)
StopLoss: 4331 - 15 = 4316
Risk in Current Trade = 4404(average price) - 4316(SL) = 73 Points
Profit/Loss in Current Trade = 4404(Average Price)-4390.05( NF Close)= -13.5 Points

Regards

Naresh

 

[nickispain]

It would complicate the matters, believe me

I am not suggesting that is the way to do .....coz its saints method n he knows abt pyramiding...n still given his experience he has chosen to use adding same qty...so must have a good reason for it....

However having said that...if someone does consider pyramiding...Mini nifty can help u in pyramiding...if u choose...to do that...

for example..if someone is using...1 nifty to trade this method...he can start with 3 mini lots n have a add on of 2 and 1 as and when time comes......hope this makes sense...

 

[Ank!t007]

August Series so far

Total booked P/L = +163pts.

ABAN Short from 2586-20=2566 SAR at 2393+20=2413.

Ankit

 

[adilsaleem]

I guess HDIL has given the best this month, can anyone post a chart ?

 

[Ank!t007]

Stop for ABAN was 2374+20 = 2394 survive by just 1 points.
Now todays 11am bar is new Pivot high so our stop for short is 2394+20 = 2414 ?

Please correct me If I'm wrong.

Ankit

Ankit,at that time when we used to track ABAN somewhere in the beginning of this thread,we were getting vertical moves,therefore we were employing the 2 bar method for reversal right,left and centre.

Over the last couple of months,ABAN has been grinding downwards,low gradient stuff........so get back to pivot stops.

Stops in ABAN at 2459+20=2479

Saint

Ankit,

ABAN lower pivot high,bring stops down to 2413 and revert on trigger.

Saint

Sir Does that mean the 11am bar at 12.30pm was not a valid pivot ?

Ankit

 

[ARMHM]

I think to be more simple

Start with Nifty and later add with MINI - NIFTY!

I think PR is right. Although the benchmark of NF and MiniNF is same yet sometmies the price difference is wide. Besides while squaring off you will have to place two separate orders.

 

[Saint]

Sir Does that mean the 11am bar at 12.30pm was not a valid pivot ?

Ankit

I didn't get you,Ankit.......the 11 am bar at 12:30pm??

Latest pivot is today's 11am bar....2393+20=2413.

Saint

 

[Ank!t007]

I didn't get you,Ankit.......the 11 am bar at 12:30pm??

Latest pivot is today's 11am bar....2393+20=2413.

Saint

Sir at 12.20pm I posted the stop for ABAN 2393+20=2413. Link to the post

then immediately sir, you corrected me and said that the stop in ABAN at 2459+20=2479 Link to the post

and again at 3.05pm you posted
ABAN lower pivot high,bring stops down to 2413 and revert on trigger.
Link to the post

So sir where was I wrong when I posted the lower pivot high at 12.30pm ?

Ankit

 

[Saint]

I guess HDIL has given the best this month, can anyone post a chart ?

Yep,nice fall in HDIL and before that a nice move to the up as well.

Saint

 

[Saint]

Sir at 12.20pm I posted the stop for ABAN 2393+20=2413. Link to the post

then immediately sir, you corrected me and said that the stop in ABAN at 2459+20=2479 Link to the post

and again at 3.05pm you posted
ABAN lower pivot high,bring stops down to 2413 and revert on trigger.
Link to the post

So sir where was I wrong when I posted the lower pivot high at 12.30pm ?

Ankit

That next bar completion at 1 pm was vital to bring that stop down to 2413 from 2479.

A different reality at 12:20 and after 1pm......need the pivot to be clear cut before reverting to longs.So let the pivot get clear to the eye before we move it down.

Basically,nothing wrong with the way you saw things.....great going,Ankit.

Saint