Going With The 60min Flow!!!

[Prabhjeet]

joined the aban party at 2087.90, please be kind & gentle oh mighty saint, as this is my virgin 60 mins flow trade...

Just hope the loosing of your Virginity is not a painful experience as usual............

 

[milkyblack]

joined the aban party at 2087.90, please be kind & gentle oh mighty saint, as this is my virgin 60 mins flow trade...

Welcome Czar to the 60 min team (as some active member over calls a team really impressed)

One suggestion from this novice if you have not bought at 2112 (that is if you have taken a long position) then we always follow the policy of buying strength and sell weakness...

A pull back on the 15/5 min and buying above the high of the 1st bull candle opp for the shorting can be implemented if missed the price and the price is trading below the trigger price in case of long and above the trigger price in case of short!

Just my view point!

Disclaimer Most of the time I am wrong until I am right!

Regards

 

[Prabhjeet]

Saint can we use today's high of 165.4 + 1 as an add pt. for JPA

 

[milkyblack]

Let me add to the above post ... if price trading above in case of buying call ... either wait (price may not come back) or else enter depending on your risk!

Regards

 

[Czar]

Just hope the loosing of your Virginity is not a painful experience as usual............

not fair dont scare me

 

[pakatil]

Can there be an Add @ 4375 + 7 ( 1 PM Bar High)

Cheers

 

[pakatil]

Since NF movement is so steep since morning, can we consider 30 Mins PL (1.30 PM Bar Low 4337) for Reversal

Cheers

 

[milkyblack]

Can there be an Add @ 4375 + 7 ( 1 PM Bar High)

Cheers

Yes it can be an add! But....

The SL is still the same right? It has not moved up! So if it fits to your risk ... go ahead an add! If does not then just NO. As do not look into the price which is moving up ... when you are long..... remember if you are a follower of 60 min... our trade is still negative... as the SL is still the initial SL... Hope I am clear!

Regards

 

[milkyblack]

Welcome Czar to the 60 min team (as some active member over calls a team really impressed)

One suggestion from this novice if you have not bought at 2112 (that is if you have taken a long position) then we always follow the policy of buying strength and sell weakness...

A pull back on the 15/5 min and buying above the high of the 1st bull candle opp for the shorting can be implemented if missed the price and the price is trading below the trigger price in case of long and above the trigger price in case of short!

Just my view point!

Disclaimer Most of the time I am wrong until I am right!

Regards

Let me add here... this has got nothing to with the 60 min flow method! Just id someone has missed price initially I suggested this... it does not mean that from now on wait for a pullback and then add... the risk of waiting for a pullback is more than getting at the triggered price! Though sometimes one might feel "oh See the price became lower/higher"... follow this method and surely the 60 mins gains will get lower and lower... as then We add the "I" before we reverse a position...

And as I mentioned I get wrong most of the time..... as I lack 6th sense ... somehow the 5 senses are working for me

Regards

 

[rkkarnani]

Yes Sir, we should take into a/c of 2098 if the high was formed for the corresponding bar level... I did not check the high of today... just placed my order based on chart high!
Though now it looks like 2098+20 should have been the case.... But once logged off for the day and then log in next day... on the charts (IEOD) 2092 would be shown not 2098... so a practical difficulty!

Regards

The high as per my charts and PIB is 2098!!!
Hope its 2092 so that u are not into a false trade!!!
Thanks