Going With The 60min Flow!!!

[Reji]

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

Dear Saint,

One more query,

Was there any specific reason to add at 4381? Was that a pre-determined move? {No offence meant. I reiterate no offence at all.} Because we were approaching previous pivots. As instructed, basically in an uptrend move, we add above the pivot high, though in downtrend, addition is possible at every pivot low, below each hourly bar. I remember your saying of "Bull goes up the stairs; but bear jumps out of the window."

Thanks and regards

Reji

P.S - Today's move in NF indicates that bull uses escalator by and then.

 

[myvineet]

Dear Saint,

One more query,

Was there any specific reason to add at 4381? Was that a pre-determined move? {No offence meant. I reiterate no offence at all.} Because we were approaching previous pivots. As instructed, basically in an uptrend move, we add above the pivot high, though in downtrend, addition is possible at every pivot low, below each hourly bar. I remember your saying of "Bull goes up the stairs; but bear jumps out of the window."

Thanks and regards

Reji

Reji ...

1. add was done at 4381.....http://www.traderji.com/equities/21903-going-60min-flow-296.html

2.in 60 min flow we are only bother about" now" means only that pivots which are made during our present trade ..all the pivots made before our present trade will not be considered....either we will add to our position or we stopped out but all acc to our present trade pivots only .just go through charts posted by saint.. these charts are case history in themself

If i recall correct Saint elaborate all that in response to prabhjit

these are my views only ..saint plz correct me if am wrong...

regards

 

[Reji]

Reji ...

1. add was done at 4381.....http://www.traderji.com/equities/21903-going-60min-flow-296.html

2.in 60 min flow we are only bother about" now" means only that pivots which are made during our present trade ..all the pivots made before our present trade will not be considered....either we will add to our position or we stopped out but all acc to our present trade pivots only .just go through charts posted by saint.. these charts are case history in themself

If i recall correct Saint elaborate all that in response to prabhjit

these are my views only ..saint plz correct me if am wrong...

regards

Vineet,

My query was why we added above 4381 prior to wait to breach today's pivot high.(Previous Pivots were just drawn to show the resi. level. That's all.) I'm fully aware of Saint's concept and am very confident also.

Thanks for your quick response,

Regards

Reji

 

[Saint]

Dear Saint,

One more query,

Was there any specific reason to add at 4381? Was that a pre-determined move? {No offence meant. I reiterate no offence at all.} Because we were approaching previous pivots. As instructed, basically in an uptrend move, we add above the pivot high, though in downtrend, addition is possible at every pivot low, below each hourly bar. I remember your saying of "Bull goes up the stairs; but bear jumps out of the window."

Thanks and regards

Reji

P.S - Today's move in NF indicates that bull uses escalator by and then.

Hi Reji,

No offence meant by yourself and none taken.

In Indian mkts,the bull takes the lift and the bear jumps off a 25 storey building..............therefore,the added clause of not only adding at pivot highs.When you get 3-4 bars up and ends the day there,and the following day,the first bar is another bar up,I tend to buy the high of that bar.Many times,the markets don't sit around and wait for us to get in........

Another add point is at the high of that first WRB after that congestion.

And yes,in a downtrend,you could add at every bar's low provided the move is with WRB on increased volumes.Keep out of that in uptrends.

Look at the ABAN charts,look at today's first bar........nothing in that chart that tells me that I have to get gung ho and jump in on the high of that first bar.Now take a look at NIFTY,JPA ......have a look at GMR.Nothing spectacular about yesterday,and today's first bar was a weakish opening in comparison.So would not think of going above that 5min bar high.

In a nutshell,you want to latch on to a momentum move using the first bar high.

Saint

 

[Saint]

Dear Saint,

Can we raise our stop to 4506-15?

Regards

Reji

Nope stops stay at 4363-15=4348.....basically about breakeven.

Saint

 

[Saint]

And the sister thread of the 60min flow is born

http://www.traderji.com/day-trading-stocks/23865-trading-5min-60min-perspective.html#post212906

It's more of an assistance trade to the 60 min flow. Keeps us sane when we get stopped out repeatedly on 60 min
MJ-

Great going MJ....Wishing you all the very best.

When there is a huge momentum move and we are adding to positions on the 60min Flow,why not have an intraday position side by side and capitalise further..........but guard against over trading,and be prepared for false signals in a lower time frame that can drive you up the wall,and unlike what you said above,be prepared to get stopped out many more times.

Trading intraday side by side with the 60min Flow has helped my intraday trading,as compared to just doing the intraday.............Long story short,different monster and you have to find ways in addition to this method to tame it.

But great initiative,my friend...........all the best!

Saint

 

[Saint]

Thanks a lot...got it now. I missed the third Add...committed the age-old blunder of anticipating.....that a higher PL will form and then I will add.

Thanks again,
Rakesh

Moves,esp. in the Indian Mkts,do not always work in pivots,can be explosive at times......therefore the first bar high rule and the add over a mini congestion rule and add below each WRB in a dntrend rule,etc

But you added once at least.......great going.Keep stops at below the congestion area 4348.As far as our mind is concerned,we are now at breakeven point.

Trail stops using 2 bar method until we get a clear cut pivot.Then we are back to our pivot method adds as always.

Saint

 

[Saint]

Hello Saint Sir,

Long time back I had posted a question on IFCI sir...Do let me know your view on same..

Hi Lalith,

IFCI has taken out previous pivot highs on the 60 and your reversal to the long is at 46.If already reversed long,great going.

Saint

 

[Saint]

What an effort Sirji, thanks, though one day I will introduce you to a friend called sleep...

Ah,met this friend of yours for a looong time today......

Saint

 

[bachchu]

Hello to everybofy in this forum. i am new to this community. i have been trading in share market for last one year but i know nothing about it. i have lost lot of money in the past year. i would like to learn this trade could you help?
bachchu