Going With The 60min Flow!!!

[Saint]

There is a thread already for ABAN in equities segment.

Yep,many threads on many stocks in our equity segment.

Saint

 

[novice1]

Now short,

Now what is the SL for the short ?

Thanks in advance...do not have access to the charts and that is the reason for the query

 

[musicjunkie]

Saint, I would love to have a look at the rules of the 5min with 30min daytrade setup.
Maybe over the weekend you could lay them out, any confusion we can close the thread. Sorry if asking for too much.

MJ-

 

[Satyen]

I M Short in nifty

 

[musicjunkie]

Hi Novice
My stops are at 4379 + room,
new PH in formation will modify soon.
Better get RT charts to aid in your research
MJ

 

[Smart_trade]

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


Regards
Satya

Satya,Saint or others following this thread please help me to clear a confusion in my mind.

5 min bar rule is to be used in case of a visual gap against our position.We were long in Nifty F and it gapped against us . When we say visual gap I thought the gap against us which is a gap away from the yesterday"s range. We had a gap from yesterdays closing but not a visual gap when you consider yesterdays(Friday) full range. So in this case do we use 5 min rule or normal PH/PL rule ?

If we are using 5 min rule the first 5 min bars low is broken.Are we short with todays high + space as stoploss ?

I am short on 30 min pivot with yesterdays high + space as stoploss on normal PH/PL with 30 min look up.

Trade well !!!

Smart_trade

 

[man4urheart]

Summarizing Current Position Of NIFTY

SHORT Since : 4287
Stop Loss: 4379+ 15 = 4394
Profit/Loss in Current Trade = 4394-4287 = -107 Points

We change our Position to LONG if NIFTY Trades above :4394

 

[Satyen]

Hi Novice
My stops are at 4379 + room,
new PH in formation will modify soon.
Better get RT charts to aid in your research
MJ

Hope we can have a New pivot at todays High


Regards
Satya

 

[Satyen]

Satya,Saint or others following this thread please help me to clear a confusion in my mind.

5 min bar rule is to be used in case of a visual gap against our position.We were long in Nifty F and it gapped against us . When we say visual gap I thought the gap against us which is a gap away from the yesterday"s range. We had a gap from yesterdays closing but not a visual gap when you consider yesterdays(Friday) full range. So in this case do we use 5 min rule or normal PH/PL rule ?

If we are using 5 min rule the first 5 min bars low is broken.Are we short with todays high + space as stoploss ?

I am short on 30 min pivot with yesterdays high + space as stoploss on normal PH/PL with 30 min look up.

Trade well !!!

Smart_trade

Hi Dear Samart trade no we do not consider Days range we ony use Pivots ... if you consider 4335 is a Pivot any Gap below that we use 5 min rule like we short at 5 min bar low - filter and previous pivot as stop


Regards
Satya

 

[smarttrader42]

Dear All,

Nifty fut has support arnd 4278 - 4279, can reverse from there till 4335. possible today.

Trade well.