Going With The 60min Flow!!!

[musicjunkie]

IF current 11am bar breaks low, would have formed pivot and added...lets see
^^I mention this so we get in frame of mind of think only in terms of "pivots and add,add,add, Stoploss modified...."

 

[Prabhjeet]

MJ you have become damn agressive yaar, I think today is just a day of consolidation so have fun, may be some cold/hard drinks with a bit of munching should help

Just Chill

 

[man4urheart]

Summarizing Current Position Of Thread

Short Since : 4381.5
StopLoss: 4341 + 15 = 4356
Profit/Loss in Current Trade = 4381.5-4356 = 25.5 Points

We change our Position to LONG if NIFTY Trades above :4356

No add has been done yet!

 

[Prabhjeet]

Looks like we now have a pivot low at 4252, will now wait for a fresh pivot high

 

[vinst]

Looks like we now have a pivot low at 4252, will now wait for a fresh pivot high

PL at 4252 is confirmed. we can add NF shorts below this .

vin

 

[Satyen]

PL at 4252 is confirmed. we can add NF shorts below this .

vin

Hope today we get a Pivot High Also

Regards
Satya

 

[nareshch]

Do we drill down to 30 min charts for profit booking also ( In case of vertical falls ) . We changed SL as per pivot in 30 min chart . Is the same case applies for profit booking also ?

a) vertical fall . 2 bar High + Filter = 4294+15 = 4309

B) A minor PH on 30 min chart lies at same level .

Can we consider it as a level for reverse ?

Naresh

 

[Prabhjeet]

Saint just have a look at TISCO 60 min. charts, excellent free flowing charts

 

[Saint]

Another lower pivot high setting up on the 60min charts NF......the bar's not totally formed as yet as of now.

Key word "setting up..."

Stops remain where it is for now.

Saint

 

[Saint]

TATA STEEL looking good for the Flow Trade,Prabhjeet.......but test it out first.If your rules allow you to catch huge moves and turn in time for the next move,then a good stock to implement the method.One look at it,looks good.

Saint