Going With The 60min Flow!!!

[vinst]

since NF opened gap down, can we add to shorts below first 5min low of 4253-7? 4253 was first 5min low as per my data.

vin

 

[musicjunkie]

No gap Vin

 

[Saint]

Stops now at 4356,pivot on 30,and on 60 using the 2 bar method.

And if risk management as dictated by your Trading Plan allows,yes,below the low of the day is an add.......although I would rather have a pivot before adding.

Saint

 

[Saint]

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

Ouch...sorry about that VP....

Flow method can be used for all timeframes till 15mins.......below that is a bit difficult.For 5mins and below,the attitude should not be that of Going with the Flow,but more of a Sniper Attack.You get your setup,you pounce,you make your gains,and then out,out,out.Get in again.Do it all over again.The Asish style.

And yes,it is applicable on anything so long as you can trade it.Cash,Futures,Commodities..........where it cannot be used is in low liquidity,scratchy charts.Have explained that somewhere in the last 10 posts.

For daytrades,2/5/10 min charts...........


All the best!
Saint

 

[Saint]

No gap Vin

ah....there is.Think your data comes in with the 5min added to the first 30min.And using bar charts will show no gap as the gap got covered.

But there is an opening gap....

Saint

 

[Prabhjeet]

Good to see you back Saint with all the energy, everybody should now be feeling satisfied as there is not a single post that has been left unanswered by Saint

 

[Saint]

Good to see you back Saint with all the energy, everybody should now be feeling satisfied as there is not a single post that has been left unanswered by Saint

still running a fever,my doctor friend......so not exactly in full throttle yet.

Saint

 

[Prabhjeet]

Guys plz. dont be in a hurry to add, we only add when there is safety of lower pivot high ( in downtrend) so that atleast our initial position is safe. The 30 min. pivot we are using is already an iffy sort of a pivot so it would be better to wait for a healthy pivot on 60 min. & then we will have ample time to add

 

[Prabhjeet]

still running a fever,my doctor friend......so not exactly in full throttle yet.

Saint

Saint somebody remarked you are a Doc too, hope that you have not put the APPLES away

 

[Saint]

Guys plz. dont be in a hurry to add, we only add when there is safety of lower pivot high ( in downtrend) so that atleast our initial position is safe. The 30 min. pivot we are using is already an iffy sort of a pivot so it would be better to wait for a healthy pivot on 60 min. & then we will have ample time to add

Another great one....Thanks!

Saint