Going With The 60min Flow!!!

[Satyen]

Yes if you follow hrly pivots,without looking at 30 min

Dear smart trade even we have not hit stop in 30 min .. we are using GAP rule today morning


Regards
Satya

 

[Czar]

Aban add would be 2205 +20 = 2225 ?

 

[musicjunkie]

Aban add would be 2205 +20 = 2225 ?

Hi Czar,
I dont think so. Better to wait for new PH in THIS move. Dont look at th past move down.
If we get PH in This upmove then we have an add.
Although im not trading aban.
MJ-

 

[man4urheart]

Summarizing Current Position Of NIFTY

Long Since : 4318
StopLoss: 4302 - 15 = 4287
Profit/Loss in Current Trade = 4318-4287 = -31 Points

We change our Position to SHORT if NIFTY Trades below :4287

 

[Saint]

For those who had asked about the ESSAR OIL flow,it's changed direction to the up,taking out prev pivot highs.

Saint

 

[milind]

Potential news trigger related to Aban/EssarOil to watch out for - Current uptick in Crude has been caused by fear of damage by Gustav. If it turns out to be milder than expected, the rigs in Caribbean may come online sooner and oil may resume downtrend. Some indications should be available on Wed.

-- Milind

 

[nagendra_gb]

Potential news trigger related to Aban/EssarOil to watch out for - Current uptick in Crude has been caused by fear of damage by Gustav. If it turns out to be milder than expected, the rigs in Caribbean may come online sooner and oil may resume downtrend. Some indications should be available on Wed.

-- Milind

Is this a good news or bad news to Aban.. but i dont think aban will go down further than this. Today volumes are looking pretty healthy .. any how time will answer our questions.. for now aban long with strict stop loss of 4054..

 

[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!!!

RK,

Mine shows up as 5848 and 5835!!?

But yes,that's what you would have done.......entered short there.

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!!



Regards
R K Karnani

As always,nothing like seeing the difference......

Saint

ps:mini typo.......the word "by" in the first box.

 

[musicjunkie]

Now short,

 

[Saint]

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.

Hmm.....yet to start a thread like that,although some discussion on the matter was in Amit Jain's thread(jamit) on Pivots under TA Section.

Had to reduce interest as I detected confusion and conflict in the minds of some,if not many,between the Flow Method and that one.

Saint