Going With The 60min Flow!!!

[Saint]

Thanks RK Sir,

Good to have a conversation with you after a long time... a bit busy nowdays so unable to be regular...
Thanks a lot for your reply! Yes I am aware of the NF stop loss that happened few days back!
Okay so have to follow it I think... that is the new SL ... no other way out!

About the consolidation part! there are 4 bars with the highs almost at 2363/4 levels... So it should be one consolidation....

I would be reversing to longs at 2384..... as have followed this method earlier also.... while being with the flow!
I might be wrong in doing so... and if goes wrong.... then went wrong!

Regards

Nothing wrong.....all correct.Today made a high of 2368.Adjust your stops now to 2388.

Saint

 

[ARMHM]

....multiple tails,scratchy..........when you have the option to take a pleasant boatride on calm waters,no need to be heroic and choose to take the same boat into turbulent waters.The market gives us no extra points for being brave or macho.

Never do anything the hard way when there is an easier way around......

There are very few people in my life who have impressed me and I learned from them. Dear Saint you are one of them.

 

[vpsarathy]

Saint,

Is 60min..... only for NF or can one use this technique for cash segment stocks too. For day trade which time frame do you suggest: 30 min /15 min /10 min / 5min or something else.
You have not replied to two of my questions in recent past. Pl reply to this atleast, I beg you .

vps

 

[vvvv]

Welcome back,vvvv........been some time since I saw your posts.Could be mistaken though.

Saint

ps:Read my previous post to Yash.

was out for sum work...gud for u , tht i didnt bother u with fractals.this time i will bombard u with the stuff u taught us i.e.pivots....
ive been following ur stuff w.r.t. trend detection & trend change.i have sum doubts regarding major & minor pivot points.wanted to post a chart but dont know how.
minor pivots - defined by ur hand analogy.
major pivots - defines those major turning points of the market.it may require sum extra bars to form on either side to define a major pivot point.
the most imp pivot being the previous pivot high or low which will tell me a change in the trend, if cracked.
now, a swing will have to 2 major pivots on either side of it(a major pivot high & a major pivot low).within that swing u can have lot of minor pivot points.
hence the doubt.???? bcos strategies will change.
pls correct me if i am wrong anywhere.

 

[vinst]

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--

Mj, where can i see the Nasdaq 60min chart, any links?

regards,
vin

 

[Saint]

Thank you all for your warm remarks.....

 

[rakeshluthra430]

Hi All,
We could not add to our shorts yesterday bec of lack of a lower ph being formed on the Hourly chart.
But I feel we can add below the low of the first 5 min candle today....stops though may remain at y'days level.

Any views...

Rakesh

 

[Saint]

was out for sum work...gud for u , tht i didnt bother u with fractals.this time i will bombard u with the stuff u taught us i.e.pivots....
ive been following ur stuff w.r.t. trend detection & trend change.i have sum doubts regarding major & minor pivot points.wanted to post a chart but dont know how.
minor pivots - defined by ur hand analogy.
major pivots - defines those major turning points of the market.it may require sum extra bars to form on either side to define a major pivot point.
the most imp pivot being the previous pivot high or low which will tell me a change in the trend, if cracked.
now, a swing will have to 2 major pivots on either side of it(a major pivot high & a major pivot low).within that swing u can have lot of minor pivot points.
hence the doubt.???? bcos strategies will change.
pls correct me if i am wrong anywhere.

Broadly correct.........

Saint

 

[musicjunkie]

Hi All,
We could not add to our shorts yesterday bec of lack of a lower ph being formed on the Hourly chart.
But I feel we can add below the low of the first 5 min candle today....stops though may remain at y'days level.

Any views...

Rakesh

Too much risk, but if it suits your MM then great. Better wait for PL, patience pays....

 

[alokdaga]

Is the stop still at 4469.5? Am I right?