Going With The 60min Flow!!!

[milkyblack]

Ah,that we already have,my friend.

The purpose of this thread is to not only learn from what I share,but also my goof-ups......This would qualify as a goof-up.

But we leave that behind......as it does not exist in the now anymore.We march on.....

Saint

Delighted to hear that you have made it up
And yes Saint, yes these goof ups! also help us to learn!
Even I have done it many a times(and still do )... like had an initial plan... and changed it in the midway! And underwent losses in both the direction... up as well as down... and I found that sticking to the plan would not only have saved the loses but would have also given me some profits!
Yes again a learning!

Thanks Saint!

Regards

 

[lvgandhi]

Hi RK,

Chart above....

Saint

Really Nice for us to learn. Thank you very much.

 

[rakeshluthra430]

Hi Saint,
Aban....long above 2 bar high 0f 3420........or pivot high of 3475 + a bit?

 

[Saint]

Hi Saint,
Aban....long above 2 bar high 0f 3420........or pivot high of 3475 + a bit?

When there is a clear cut pivot nearby,I would go for the latter.......3475 + a bit.

By vertical,want many down bars,probably a few WRBs with no pivots...........here at 3475 +,it's a clear cut reversal to long when that last pivot high gets taken out.

Saint

 

[Saint]

Latest stop for the SESA long at 3760.

Saint

 

[rakeshluthra430]

When there is a clear cut pivot nearby,I would go for the latter.......3475 + a bit.

By vertical,want many down bars,probably a few WRBs with no pivots...........here at 3475 +,it's a clear cut reversal to long when that last pivot high gets taken out.

Saint

Thanks a lot for explaining...get to learn from you on every interaction.

Thanks,
Rakesh

 

[rakeshluthra430]

Latest stop for the SESA long at 3760.

Saint

You mean 3660??

 

[Saint]

You mean 3660??

Yikes.......3660,apologies!

Saint

 

[milkyblack]

Hello all,

NF for 11th June... Today we made a pivot low of 4334, and a pivot high of 4474, but in my view one should take the pivot high of 4499+ for the reversal from short to long with a SL as 4334-

Please give your view on this... as of now I am considering the pivot of 4499+ for reversal for the calculation purpose... would change it if required...

So for the June Series so far...

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

3	Short	4640-	4499+	+141		+188

2	Long	4636+	4640-	Closed		+4

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

Total booked P/L = +194pts

Regards

 

[Saint]

UPDATES

SESA GOA:Stopped and long 2 lots at 3632 ... SESA Short=+271 pts,as 3 times more than initial position,equivalent to 271 * 3=813 pts

ABAN :Still holding all 10 shorts.

JP ASSOC::Still holding both longs.

Till date:

SESA Short=+115,ABAN short=+10,JP long=-10.8,SESA Long=+60,ABAN Long=-135,JP short=+25pts,SESA GOA short=+813pts......all the above as per initial positions of 2 contracts each.

Saint

UPDATES

ABAN :Still holding all 10 shorts,avg short at 3848.Recent stop at which we reverse and go long is 3475.

SESA:Still long 4 avg at 3630.

JP ASSOC:Still holding 2 shorts from 189.

Completed Trades:SESA Short=+115,ABAN short=+10,JP long=-10.8,SESA Long=+60,ABAN Long=-135,JP short=+25pts,SESA GOA short=+813pts,JP long=-14pts,SESA long=-96pts,SESA short -86pts.

Saint