Going With The 60min Flow!!!

[Saint]

All the best!
Saint

 

[Saint]

All the best!
Saint

 

[Saint]

All the best!
Saint

 

[Saint]

All the best!
Saint

 

[Saint]

Shall post the others that we are tracking the next few days.....

Saint

 

[vpsarathy]

Saint sir,

The charts are very helpful. Can the Y-axis be shown with graduations for price please? Unable to understand which bar you are referring to when you say e.g. Add at 1234 or short at 2345.
vps

 

[uasish]

Saint sir,

The charts are very helpful. Can the Y-axis be shown with graduations for price please? Unable to understand which bar you are referring to when you say e.g. Add at 1234 or short at 2345.
vps

Second this ,Saint plz incorporate the same in your future charts so that we can pin point & mark the exact bars in our chart more Easily.

 

[Smart_trade]

Saint sir,

The charts are very helpful. Can the Y-axis be shown with graduations for price please? Unable to understand which bar you are referring to when you say e.g. Add at 1234 or short at 2345.
vps

Good suggestion VPS, I had the same difficulty.Saint's each chart is a case study by itself and we should read each trade from his chart and go back to our chart to understand why he took this trade then the thought process becomes clear. We should study these trades with our charts in minimised window and crosschecking to get the maximum learning out of his charts.These posts are invaluable !!!!

Best Wishes,Trade well !!!

Smart_trade

 

[rkkarnani]

Your first question is Scenario 2........an uptrend followed by a gap down not below previous pivot lows.Meaning it's a Hold till either the high or the Low is taken out.

Your second question is Scenario 3......shorting at 5897 after a gap down below previous pivot lows and a rally means we observe bar by bar on the 60min charts and the moment a previous bar's low is taken out,we stop and reverse to shorts.
Saint

Saint, Please have a relook (yet again) at November 2007 chart!!! Maybe the reason for my question maybe due to data issues , i dont know but whenever free, please clarify :

On 15th November we have PL at 1 PM bar!!! On 16th mkt opens with a Gap down, but the first 5 min. bar low is not broken, we stay Long.


On 16th we have a Pivot low at 3 PM bar. the low of the bar is 5882...

(Initially when i saw your level of shorting below 5897, i thought that it was just a calculation error and you instead of substracting 15 from 5882, added 5882+15=5897 )

On 20th November we have a Gap down opening, breaking the previous PL at 4882, the opening low of 20th is 5850 and the next bar makes a low of 5832!!! Would we not reverse our position at 5850-15=5835!!!


Saint, in your reply to Seagul you have mentioned :
"Your second question is Scenario 3......shorting at 5897 after a gap down below previous pivot lows and a rally means we observe bar by bar on the 60min charts and the moment a previous bar's low is taken out,we stop and reverse to shorts."
Dont we have a similar situation on 16th, when there is a gap down below previous Pivot low,and a rally, and the previous bars 2PM bar low is taken out by the next bar, the 3 PM bar!!!!
Do point out the difference in both the days situation which i probably am not able to perceive!!

Posting a chart with Pivots Marked by Red lines and the previous bars low break marked with Brown line!!!

Regards
R K Karnani

 

[jitu123]

Excellent post guys...Hats off to you Saint sir