Going With The 60min Flow!!!

[Satyen]

According to my data new SL at
4410

In Icici its 4395

 

[musicjunkie]

Im sorry Satya should have specified,
4395 +15 =4410

Yep Vin we go long there!

 

[man4urheart]

Summarizing Current Position Of Thread

Short Since : 4381.5
StopLoss: 4395 + 15 = 4410
Profit/Loss in Current Trade = 4381.5-4410 = -29 Points

We change our Position to LONG if NIFTY Trades above :4410

 

[vinst]

Summarizing Current Position Of Thread


Add to Short Position if Nifty Trades below 4336 - 7 = 4329

m4u,

I cudn't understand how u chose 4336 as an add to short point? Could you kindly explain.

regards,
vin

 

[sikandar]

Re: Questions from juniors on"Going with 60minute flow"

Is my understanding of MAjor and Monor Pivots correct :

The usual way to identify a Pivot is the simple way suggested by Saint, the Hand analogy... 2 bar with lower highs on each side of a HIGH bar, according to me this is a MAJOR Pivot.

However when the bars on each side is less than two, I consider that as a Minor Pivot!!!

Remeber reading somewhere on the forum, if the Pivot bars are more than one (the high of each bar either being at same level or near about) , almost like having a multiple Pivot bars, it is stronger Major Pivot!!!

As Saint says : Go with the eye... this probably is the best method!!!
But for the sake of clarification as this question continously nags my mind!!!
Seniors and expirienced people please give your input!!!

Regards
R K Karnani

This part ""Remeber reading somewhere on the forum, if the Pivot bars are more than one (the high of each bar either being at same level or near about) , almost like having a multiple Pivot bars, it is stronger Major Pivot!!!""
neads some more clarification
regards
sikandar

 

[musicjunkie]

4257 + room is a good place to add, or let a new PL form.
That's if we dot get stopped out today.....

MJ-

 

[man4urheart]

correction done!

 

[Satyen]

Where is prabjejeet not posting since morning


Regards
Satya

 

[musicjunkie]

Ah, Satya I wanted to bring that up....
Prabhjeet is gone till wednesday! I am missing him.....enjoy ur holiday Prabh.
MJ-

 

[rkkarnani]

Re: Questions from juniors on"Going with 60minute flow"

This part ""Remeber reading somewhere on the forum, if the Pivot bars are more than one (the high of each bar either being at same level or near about) , almost like having a multiple Pivot bars, it is stronger Major Pivot!!!""
neads some more clarification
regards
sikandar

Sikandar, Where and by whom was it posted i do not remember, but have some vague memory, however would try to post a chart asap about what i am trying to say about multiple pivot bars!!! Please bear with me
But my query is : Whether my view about Major or Minor Pivots correct or it is flawed!!!