Going With The 60min Flow!!!

[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!

Add to Position if Nifty Trades below 4252

 

[Saint]

Wow....strong recoil to the up.

No pivots again......

Stops as posted by m4uh stands.

Saint

 

[sikandar]

FTSE 60min cracking PH

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[Saint]

FTSE 60min cracking PH

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Yep Sikandar....it's a Buy over the Blue line.

Saint

 

[Smart_trade]

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

Great teaching Saint.This handholding is very useful when we are trading the system with real money till we get confident with it.Nice to know an experienced trading wizard like Saint standing by your side!!!

Best Wishes,Tradewell

Smart_trade

 

[vpsarathy]

Would like to add to what Saint has said!!!! With a few brokers it can be an issue to short naked in Cash segment without holding the qty. in DP!!! Do check this aspect before trading the cash!!! Even in intraday if they allow check the time at which they will square off your naked shorts!!
All the best!!

I use Sharekhan. I have had no problem in short selling without holding the qty in DP. They donot square off any thing, I have to do it by 3.30 pm. If not it will go for auction and penalties. Such is life.

vps

 

[Satyen]

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!

Add to Position if Nifty Trades below 4252

Hi All

Regards
Satya

 

[Satyen]

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

Hi naresh are you saying this

in my veiw no we can not take this pivot for trading in 60 min flow if we reverse our position at this 30 min pivot then it would be like 30 min flow method not 60 min flow

now you can argue why we consider 4341 level which is also a 30 min pivot for our stop but i think if we can switched to 60 min chart we can see a tiny pivot there and which seem more apropriate stop and reverse level for 60 min flow
Hope this clears

Regards
Satya

 

[Prabhjeet]

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

Saint I have been paper trading TISCO since some time with a filter of 6 pts. as stops & have also backtested it for last 2 months usually it does not whipsaw out of the moves much, but will test for 2 more months before finalising it

 

[Prabhjeet]

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!

Add to Position if Nifty Trades below 4252

Slight modification M4UH adds should be at 4252 - 7 = 4245