Going With The 60min Flow!!!

[vpsarathy]

Hi Asish,Smart Trade,VPS,

The x,y axes on the Nifty charts below have been added......

Saint



http://www.traderji.com/equities/21903-going-60min-flow-268.html#post210928

http://www.traderji.com/equities/21903-going-60min-flow-268.html#post210938

http://www.traderji.com/equities/21903-going-60min-flow-269.html#post210939

http://www.traderji.com/equities/21903-going-60min-flow-269.html#post210940

http://www.traderji.com/equities/21903-going-60min-flow-269.html#post210941

Saint,
Only you have the patience to accede to all our rquests. Thanks a million.
vps

 

[Smart_trade]

Saint, I know we've been following the 60min trend to take a position in ABAN or Nifty..But I thought I'll just post my analysis related to ABAN and see if everyone agrees or disagrees..and maybe you could also verify my findings...

After, looking at the ABAN Spot chart, I came to a conclusion that a Bullish Harami candle was formed reflecting trend reversal from bearish to bullish...monday's higher closing should confirm this trend reversal...I have also attached the ABAN chart....

please provide suggestions/comments...

Hello Rishi,

Beg to differ ,the Harami merely signifies indecision.It doesnot necessarily indicate change in trend.I would wait for atleast a top of last black candle to be taken out to call trend reversal.

But you may be right,it could well do it on Monday/Tuesday or else it could resume the downtrend.

Mkt will soon clarify the position for us.

Best Wishes,Trade well !!!

Smart_trade

 

[Smart_trade]

Originally Posted by Saint
Hi Asish,Smart Trade,VPS,

The x,y axes on the Nifty charts below have been added......

Saint

Thanks Saint,

It makes learning easy and more interesting !!! Highly appreciate yr spending so much of time and efforts to work towards making us better traders !!!

Regards,

Smart_trade

 

[vvvv]

i am searching for a thread by saint called " trading on 5 min chart with 30 mins as perspective"..its sumthing like tht but unable to locate it..can any1 help...
sent a p.m. to saint...i think his mailbox is full.

 

[Czar]

Smart / Rishi: not the thread for this discussion , but when price hit the bollinger band & next bar is an inside day, very good chances of reversal... classical entry should be on break of friday high...

 

[Niks]

hi everyone

I was also going through Saint's first few posts. From day one his posts were about real trading rather than analysis/TA discussion. I am following each post in this thread and hope to participate more actively in following days. Thanks.

Nikhil.

 

[man4urheart]

Summarizing Current Position Of NIFTY

Long Since : 4318
StopLoss: 4208 - 15 = 4193
Profit/Loss in Current Trade = 4318-4193 = -125 Points

We change our Position to SHORT if NIFTY Trades below :4193

---------------------------------------------------------------------------------------------------------------

Strategy for Monday

Group with 30 min chart Assistance

- No Stop loss for First 5 Minutes of opening trade of Nifty!
- If Nifty Trades below 4335-15 = 4320 without Gap, change current Long to SHORT!
- If Nifty Opens with Gap opposite side to our position(Nifty is Expected to open with a Gap on opposite side, seeing the US market close), STOPLOSS = GAP Low (5 min Bar down)-15
- Stoploss for Short = 4379+15 = 4394
- If Nifty opens with a GAP on direction of Long, keep Stop loss at Gap opening -15(This is highly unlikely tomorrow!)

Group looking at 60 min chart Only

- No Stop loss for First 5 Minutes of opening trade of Nifty!
- If Nifty Stays above 4208-15= 4193, stay Long with Stop loss= 4193.
- IF Nifty Breaks and trades below 4193, change to Short with Stop loss=4394

 

[pakatil]

Summarizing Current Position Of NIFTY

Long Since : 4318
StopLoss: 4208 - 15 = 4193
Profit/Loss in Current Trade = 4318-4193 = -125 Points

We change our Position to SHORT if NIFTY Trades below :4193

---------------------------------------------------------------------------------------------------------------

Strategy for Monday

Group with 30 min chart Assistance

- No Stop loss for First 5 Minutes of opening trade of Nifty!
- If Nifty Trades below 4335-15 = 4320 with or without Gap(Nifty is Expected to open with a Gap on opposite side, seeing the US market close), change current Long to SHORT!
- Stoploss for Short = 4379+15 = 4394
- If Nifty opens with a GAP on direction of Long, keep Stop loss at Gap opening -15(This is highly unlikely tomorrow!)

Group looking at 60 min chart Only

- No Stop loss for First 5 Minutes of opening trade of Nifty!
- If Nifty Stays above 4208-15= 4193, stay Long with Stop loss= 4193.
- IF Nifty Breaks and trades below 4193, change to Short with Stop loss=4394

My Strategy would be:

1.SL @ 4335 - 15 = 4320.

2.If there is gap down and first 5 Min Bar low is lesser than 4320, then Reverse @ 5 Min Bar Low -15 with SL @ 4379 + 15 = 4394.

3.Otherwise follow the trend. Move the SL upwards as and when new PL is made.

Cheers

 

[nagendra_gb]

Hi Friends ,

As many of us have taken position in Aban.. please give the details of Aban also. Stop loss for our longs will be friday low -20 right ?

 

[pakatil]

Dear Nagendra,

I am not tracking Aban. Your query made me curious and looked at Aban chart.
I perceive 2 PM Bar low is new PL and hence SL would be 2074 - 20 = 2054. Hope that it is right perception

Cheers