Going With The 60min Flow!!!

[rkpahwa]

I think we dont have Pivot today ..... Waiting MB,Rk and others veiw


Regards
Satya

can we say "it is bearish flag" also ?

 

[Satyen]

Well we had the Pivots but not broken

Regard
ken

Hi
Ken Are you talking about this If price can spend some more time below this line then we can say its a good supply point/pivot high or if it breaks easily then it may not be a major pivot high

waiting your veiws also

Regards
Satya

 

[Satyen]

can we say "it is bearish flag" also ?

Yes we can say it .....

Regards
Satya

 

[kenneth]

Hi Ken, Which bar, what level today could be considered a Pivot??? Can you point it out please!!!
If u r referring to todats low...yes it indeed is a pivot!!

Would you consider 4414.45 and 4527.25 as Pivots?

Regards
Ken

 

[kenneth]

Ken, It seems u are using Nifty spot chart, whereas Satya has posted a Nifty Futures Chart!!!

Yes The Nifty futures data downloaded today has some problem.

Regards
ken

 

[Saint]

No Rk in my veiw we should not consider 10 AM high as Pivot ...... but Saint can confirm

Regards
Satya

yep,RK,Satya.......10 am high not a pivot.

Saint

 

[Saint]

can we say "it is bearish flag" also ?

So far,looking like that........if following the 60min flow,you would still be holding Nifty Shorts.

Saint

 

[Saint]

Would you consider 4414.45 and 4527.25 as Pivots?

Regards
Ken

Ken,

Yes,4415 on the Spot is your latest pivot low in this hourly dntrend........as you would already be holding your shorts, below that level - a bit......that would be the area to be adding to your positions.

Now 4527,some sort of a minor pivot,that's all...........nope,don't consider that as a pivot above which you revert to longs......hold all the shorts unless it forms a bigger sideways pattern from here and then moves above that area.Then that same area assumes significance above which you could revert to long.

As it stands now,you are short even if price crosses that area to the up.

Saint

 

[Saint]

Hi RK,

Chart above....

Saint

 

[milkyblack]

Thanks Saint for the chart... really helpful...

Sorry friends could not post the NF here yesterday...
here it is for the 10th june... still our SL is the same!!!

So for the June Series so far...

Number	Trade	Level	SL	Initial Risk	P/L(Close)

3	Short	4640-	4710+	-70		+174(Running)

2	Long	4636+	4640-	Closed		+4(Booked Profit)

1	Short	4826-	4727+	Closed		190(Booked Profit)

Total booked P/L = +190pts

Regards