Going With The 60min Flow!!!

[uasish]

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

Mind boggling gains !!

 

[Satyen]

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

Yes milky i think so chart attached

regards
Satya

 

[Saint]

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

Correct,MB.....Pivot stands at 4499+

Saint

 

[lvgandhi]

Correct,MB.....Pivot stands at 4499+

Saint

on 10/6/8 at 11:00 60mn charts shows 4473.7 as high where as 10 and 12 are at 4442.95 and 4447. Will you please clarify why 11:00 is not considered pivot high

 

[Saint]

on 10/6/8 at 11:00 60mn charts shows 4473.7 as high where as 10 and 12 are at 4442.95 and 4447. Will you please clarify why 11:00 is not considered pivot high

LV,have a look at the 60min chart,which stands out as the pivot,the break of which we know we can go ahead and revert..........that is the pivot.In this case 4499+

Saint

 

[Saint]

Moving stop loss in ABAN to 3458

Still holding longs in Sesa and shorts in JP.

Saint

 

[milkyblack]

Correct,MB.....Pivot stands at 4499+

Saint

Thanks Saint for your opinion

Regards

 

[milkyblack]

Hello Everyone,

NF for 12th June...
Today we reverted to long above 4499 with an initial SL of 4334... During the Day we made a pivot low of 4454...
Plz correct me, if we take off the high of 4525 then this SL will get activated right? Or do we consider it right away as a point of reversal?
For the time being, in the calculation made below I have taken 4334 as the reversal point...

So for the June Series so far...

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

4	Long	4499+	4334-	-165		+16

3	Short	4640-	4499+	Closed		+141

2	Long	4636+	4640-	Closed		+4

1	Short	4826-	4636+	Closed		+190

Total booked P/L = +335pts

Looking forward for suggestions

Regards

 

[milkyblack]

In Trade 1 : short 4826 closed 4727 :Net 99 points gain!!! Seems 190 is a typo!!!

Thanks a lot for pointing it out Sir, actually +190 is right ... 4727 is wrong... it should be 4636.. will change it now

Regards

 

[Satyen]

Hi milky

RK Posting chart of pivots

Can todays low be considered as pivot Low i think Yes Going with Milky


regards
Satya