Going With The 60min Flow!!!

[Satyen]

we have a higher PL of 4290 on NF. If it comes to that, now we can add shorts below 4283.

vin

Yes we got a Pivot Low

Reagds
Satya

 

[rakeshluthra430]

we have a higher PL of 4290 on NF. If it comes to that, now we can add shorts below 4283.

vin

Right now the Stop for Shorts is 4337..going to be hit any moment now...

The low of todays first 5 min candle was 4297..so adds below 4290...but the 12 pm bar made a low of 4293....so the ADDs as of now are to be below 4286....which will also be the Stop for the long trade if that triggers..I guess we are looking at the same thing..but our data differs....

 

[Czar]

Right now the Stop for Shorts is 4337..going to be hit any moment now...

The low of todays first 5 min candle was 4297..so adds below 4290...but the 12 pm bar made a low of 4293....so the ADDs as of now are to be below 4286....which will also be the Stop for the long trade if that triggers..

Emergency breaks, where you got this stop, check other posts b4 your trigger...

 

[Satyen]

Right now the Stop for Shorts is 4337..going to be hit any moment now...

The low of todays first 5 min candle was 4297..so adds below 4290...but the 12 pm bar made a low of 4293....so the ADDs as of now are to be below 4286....which will also be the Stop for the long trade if that triggers..I guess we are looking at the same thing..but our data differs....

Rakesh i think we have to form a pivot high for our new STOP

Reagrds
Satya

 

[musicjunkie]

My stops still at 4410

 

[man4urheart]

Summarizing Current Position NIFTY

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

We add to SHORT position at 4290-7 = 4283

 

[musicjunkie]

rakeshluthra: Your stops would have been fine PROVIDED the 12 pm or 1pm bar would have BROKEN the lows.
Our adds are (usually) placed in such a way that a new (pivot) low is forming and at the same time previous high turning to your now new stop loss for shorts

while we are adding a new PH is being formed simultaneously ,what if the add did not take place? Well, most probably you don't have a new PH , barring gaps etc.. ofcourse
Hope i didnt confuse Saint's method and that im on the right track

MJ-

 

[vinst]

Right now the Stop for Shorts is 4337..going to be hit any moment now...

The low of todays first 5 min candle was 4297..so adds below 4290...but the 12 pm bar made a low of 4293....so the ADDs as of now are to be below 4286....which will also be the Stop for the long trade if that triggers..I guess we are looking at the same thing..but our data differs....

Saint mentioned that 11am bar high will become a PH-like level if we see a breakdown below 4290. since that hasn't happened, 4322+15 should not be short-to-be-reversed-to-long level.

vin

 

[Satyen]

Summarizing Current Position NIFTY

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

We add to SHORT position at 4290-7 = 4283

Hi Rakesh this is my veiw

Regards
Satya

 

[rakeshluthra430]

Opening 5 min bar low in my chart shows 4290!!! And 12 noon bar low at 4293.30

I guess there might be a problem with my data..as all of you are getting the same values, only mine differs. Sorry to have caused confusion.
And Satya..you are right abt the stops for current Short...it seems I am too eager to enter fresh trades.

Thanks to all,
Rakesh