Going With The 60min Flow!!!

[Satyen]

Embarrasing me Sir........am learning from you.


Thanks a lot,

Rakesh

Hi Rakesh plz explain a bit about ADD 1 in nifty

Regards
Satya

 

[rakeshluthra430]

Hi Rakesh plz explain a bit about ADD 1 in nifty

Regards
Satya

Satya,

See...this is how i think about things.....

As far as the current trade and trend is concerned (where we entered y'day at 4354 with 4275-15 as sl)....we are in an 'uncharted' territory..meaning that we dont have any other pivot high to cross.

In such a scenario...we add at the high of the first 5 min bar (plus 7 pts). A point to be rememberred here is that out STOPS still remain where they were
yesterday...so the position size will NOT be the same that we took in the initial trade (at 4354) but half of it.

I hope this clarifies..

Rakesh

 

[vinst]

Why the add in NF long? It did not open above PH with gap. PH was 4379, NF open 4350 as per my data. Kindly can it be explained?
I have not added.
regards,
vin

 

[Satyen]

Have we gone long on NF after crossing above 4339+15?
I am left holding the short as i could not communicate anything to broker
yes it is clear from recent msgs that NF is in Long now.
vin

Hi Vin hope everything now working in your end yes we have gone long at 4354 yesterday .. even nifty also trading at 64 level now

Regards
Satya

 

[Satyen]

Satya,

See...this is how i think about things.....

As far as the current trade and trend is concerned (where we entered y'day at 4354 with 4275-15 as sl)....we are in an 'uncharted' territory..meaning that we dont have any other pivot high to cross.

In such a scenario...we add at the high of the first 5 min bar (plus 7 pts). A point to be rememberred here is that out STOPS still remain where they were
yesterday...so the position size will NOT be the same that we took in the initial trade (at 4354) but half of it.

I hope this clarifies..

Rakesh

Thank you rakesh very much ...... i was in the veiw that if we had a GAP today then ADD above 5 min bar high + 7 points

Thank for clarifiction

Regards
Satya

 

[rkpahwa]

ADD 1 in ABAN at 2175(still some distance away as of now)

Saint

And the Stop Loss ??

 

[Saint]

Dear saint,
316 points on Jp Associates,i have been trying to phrase a sentence from the past 10 mins and i am in loss of words....
all the best!

Don't focus on the amount made......that may differ from month to month,from scenario to scenario.Focus instead on the following:

a.Cutting your losses and adhering to your stops is vital
b.Letting your profits run as long as possible till pivots crack.
c.Adding to your winners when markets trend.
d.That adding to the winners is vital to balance off the few stopped out trades and push the month accounts into the positive.
e.Discipline,staying in the "Now",going with the Flow,keeping the "I" out of the trades.
f.That with sufficient capital and a good strategy,massive gains can be made without the use of fancy stuff.
g.The sky is the limit............nope,apologies,your Mind is your Limit.So have no set Goals(not an intraday advice,talking abt 60min Flow),have no Goals,follow the strategy and be Happy with whatever the market gives us.It could be 20 pts on JPA,or 350 pts on JPA.Focus instead on the trade,and whether you entered correct,added correct,and reversed correct......and you can make as much gains as the pivots/trends and your Mind allows you to.

Saint

 

[rkripal]

should we consider high of 25th augsust as add?

 

[pakatil]

NF : Is it add at 4393 + 7 = 4400

 

[Saint]

NF : Is it add at 4393 + 7 = 4400

I added along with Rakesh at 4381.Another add point is 4393 + 7=4400,ah yes,like you said in your post.

But the stop loss is miles off.....if you feel you cannot mange the risk,please stick to what m4uh posted a page back.viz.no adds.

Saint