Going With The 60min Flow!!!

[pakatil]

Get well soon & BTW I am a Doc. myself so feel free to ask me for medicines

Dear Prabhjeet,

Saint also is a Doctor

Cheers

 

[Prabhjeet]

Really!!!! Never knew that

 

[rishig38]

So can some one summarize the standing position of this thread with stop losses and appropriate addition levels?

 

[rakeshluthra430]

Saint,
Wishing you a speedy recovery. Get well soon and Im sure you must be taking adequate precautions and medication.

God bless,
Rakesh

 

[musicjunkie]

Saint and Prabh both doctors? wow....
Im sorry diverting from the topic but can't help mentioning, NASDAQ just cracked a pivot Low on 60 min ....

As for Stops they are all the way of recent high, no change...sorry in hurry now, don't have exact numbers, go back few pages, man4heart does a wonderful job summarizing position.
MJ--

 

[nareshch]

Saint and Prabh both doctors? wow....
Im sorry diverting from the topic but can't help mentioning, NASDAQ just cracked a pivot Low on 60 min ....

As for Stops they are all the way of recent high, no change...sorry in hurry now, don't have exact numbers, go back few pages, man4heart does a wonderful job summarizing position.
MJ--

We can move Stops to (4341+15) =4356 .
It satisfies a ) 2 bar high in a stright fall b) a small pivot in 30 mins .

Naresh

 

[Satyen]

We can move Stops to (4341+15) =4356 .
It satisfies a ) 2 bar high in a stright fall b) a small pivot in 30 mins .

Naresh

Hi Naresh If you use only 60 min Pivot then we still have to form a pivot

If you use 60 min pivot with 30 min pivot also then we have a clear30 min pivot

Even 2 Bar stop also at same level of 30 min pivot

Just tried to put Saints advice in charts

Regards
Satya

 

[nareshch]

========================================
Short Since : 4382
Add1 : No adds considered
Average Price : 4382 ( Will change with Adds)
StopLoss: 4341+15 = 4356 ( Moved SL from 4453+15 = 4468)
Risk in Current Trade = 0
Profit/Loss in Current Trade = 4382 - 4287 = 95
================================================== ====

Previous Trade
=========================================
Long Since : 4404
Add1 : 4438
Average Price : 4421 ( Will change with Adds)
StopLoss: 4397 - 15 = 4382
Closed at 4382
Loss in Trade = 4421 - 4382= 39 X 2 = 78
================================================== ====
With out Adds
Long Since : 4404
StopLoss: 4397 - 15 = 4382
Loss in Trade = 4404 - 4382 = 23
=================================================

Regards

Naresh

 

[yashodhan]

Hi,

One add was below the 11am bar about 4347-room... near about 4335(depending upon the room you give)... if missed that opportunity in the morning... NF was trading there now! Other adds....according to your comforts!... Which should fit your risk.... SL has not yet changed considerably yet!

Regards

Hi MB,

There is a clear pivot at 4333 formed on 19th. Should we consider this as pivot or no? IF no, will you kindly explain? I am a recent follower of this system and doing paper trade only. So asking for the sake of knowledge only.

Yash

 

[nareshch]

Hi MB,

There is a clear pivot at 4333 formed on 19th. Should we consider this as pivot or no? IF no, will you kindly explain? I am a recent follower of this system and doing paper trade only. So asking for the sake of knowledge only.

Yash

Answer from prabhjeet

""As far as I understand when we start a new move there is a different story for all the resistance & supports as far as our pivots method is concerned though classical technical analysts believe in previous supports & resistance but for us following the flows we should erase the past and focus only on pivots that are formed in current move, think of how complicated things can become if we keep on looking past pivots.

As far as I am concerned I dont see where the previous pivot lows are and will see what is there to see NOW."""