Going With The 60min Flow!!!

[Prabhjeet]

but why do you say so ? according to hourly principle, the pivots broke forming higher pivots so the flow reversed.... now it does'nt matter if market has a pull back as long as the low pivot - margin survives...

Spot on, our flow means lower pivt highs in downtrend once a pivot high gets taken out our flow changes to uptrend, simple

 

[Prabhjeet]

Dear Friends,

Buy TATA STEEL arnd 610 for a target of 670 - 686. I have chkd charts and looks very nice on technical parameters.

Regds,
Vipin

Vipin, wrong place to post tips though tata steel futs. has given buy signal at 605 also according to 60 min. pivots

 

[SamFisher]

but why do you say so ? according to hourly principle, the pivots broke forming higher pivots so the flow reversed.... now it does'nt matter if market has a pull back as long as the low pivot - margin survives...

Czar I think I did not make my self clear Or my lack of understanding
I am talking in context of stop loss having hit before the reversal point decided by the pivots.
Assuming that my stop loss has been just 50 points away based on my risk tolerance and the reversal point based on pivots is 100 points away. Suppose my stop loss has been hit at 50 points now,
1. Should I reverse the trade at 50 points(My stop loss)?(In this case I am saying for some time I MIGHT BE against the trend till actual reversal pivot breaks)
2. Should I wait till system crosses the pivot for reversal to break at 100 point to reverse my trade?

 

[Czar]

See Sam from what I understood if you are talking about your stop means you are not following this system as your risk appetite may not permit, but then if you dont follow 1 rule, all others will not apply, sorry if i misunderstood again...

 

[Prabhjeet]

Czar I think I did not make my self clear Or my lack of understanding
I am talking in context of stop loss having hit before the reversal point decided by the pivots.
Assuming that my stop loss has been just 50 points away based on my risk tolerance and the reversal point based on pivots is 100 points away. Suppose my stop loss has been hit at 50 points now,
1. Should I reverse the trade at 50 points(My stop loss)?(In this case I am saying for some time I MIGHT BE against the trend till actual reversal pivot breaks)
2. Should I wait till system crosses the pivot for reversal to break at 100 point to reverse my trade?

Sam the stops are always placed where its logical rather than where we are comfortable.

Your stops should be at pivots only if the positions sizing does not allow you to place the stop that is 100 pts. awy according to pivots, than you should just skip the trade

 

[Smart_trade]

Czar I think I did not make my self clear Or my lack of understanding
I am talking in context of stop loss having hit before the reversal point decided by the pivots.
Assuming that my stop loss has been just 50 points away based on my risk tolerance and the reversal point based on pivots is 100 points away. Suppose my stop loss has been hit at 50 points now,
1. Should I reverse the trade at 50 points(My stop loss)?(In this case I am saying for some time I MIGHT BE against the trend till actual reversal pivot breaks)
2. Should I wait till system crosses the pivot for reversal to break at 100 point to reverse my trade?

The system does not have an arbitrary stoploss ( 50 points in yr example) but the stoploss and reverse point are simultanous and on break of the pivot in the reverse direction( 100 points in yr example).You can adjust yr qty traded depending on the amout you want to risk on each trade and the distance of yr stoploss (pivot in reverse direction) point from your entry point but the stoploss level is system decided.

Trade Well

Smart_trade

 

[SamFisher]

The system does not have an arbitrary stoploss ( 50 points in yr example) but the stoploss and reverse point are simultanous and on break of the pivot in the reverse direction( 100 points in yr example).You can adjust yr qty traded depending on the amout you want to risk on each trade and the distance of yr stoploss (pivot in reverse direction) point from your entry point but the stoploss level is system decided.

Trade Well

Smart_trade

Yes Smart_trade, prabhjeetrana, Czar
Sorry about my misinterpretation..
Yes I have been following the thread very closely and have very good idea on the concept. Just that when I saw a post by prabhjeetrana on calculation of stop loss I mistook that Some of you are using some custom stop losses. I went thru it again and understood that it is posted in the context of money management/risk apatite to add or calculate the positional size.

Thank you all keeping the great thread rocking.

 

[musicjunkie]

Waiting to add @ 4438

 

[vinst]

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

are these all ABAN futures values?

vin

 

[samthomas]

so do we get a new pivot low at 4397-15=4382 after completion of the 1 pm bar...? and an add at 4438..