Going With The 60min Flow!!!

[rakeshluthra430]

Seeing the risk in position most of traders have not added, thus it will confuse!

Sticking to calculation for basic position!

Thanks..your point taken...keep up the good work

Thanks again,
Rakesh

 

[Saint]

Thanks

PS: Sorry, the scaleup levels will be yesterday's HoD + 7, hope got it correct now?

We now have our pivots,thanx to this gap down.........although not totally formed as yet,still in the process.

We have a visual gap gap down on the 60 which is nowhere near our pivot lows.So we do nothing but sit on hands for now,and yes,yesterday's high + 7 is you new add point.

Saint

 

[Satyen]

Hi All good morning

regards
Satya

 

[Saint]

Hello Sir

Very new here just trying to understand all the rules, will walkthrough the charts of past few months before starting to use ...

Would the high of todays first 5 mins + 7 points (4481) also be a valid scaleup point?

Thanks

You could get right some times,but when wrong,will fall flat with a thud.NF has this habit of gapping down,taking out 5min highs and rallying a few bars,making a topping tail and falling from there.

Have a look at Sept 1st........the second bar makes a higher high and higher low,then falls from there.We now have our pivot,and if we were still long the trade(which we weren't),the high of that day becomes a new pivot high and taking that out,you have yourself a new ADD point.

Imagine if today the fall is arrested here,and makes a vertical move to new highs of today.........still no add till yesterday's high is taken out.Basically need a pivot somewhere to latch on to......and in most cases,it usually gives us one .If not,we stick to present Stop and ADD points.

Saint

 

[musicjunkie]

NF = doing nothing, stop at 4344
Aban = Add missed by 2 points, Stop at 2061 (2081-20)
LITL = Add far far away or now, Stop at 281 (284-3)

Of what iv seen LITL is alot like JPA , trade obvious pivots.....hope i'm correct on the above.
MJ-

 

[Saint]

NF = doing nothing, stop at 4344
Aban = Add missed by 2 points, Stop at 2061 (2081-20)
LITL = Add far far away or now, Stop at 281 (284-3)

Of what iv seen LITL is alot like JPA , trade obvious pivots.....hope i'm correct on the above.
MJ-

Yep on LITL.......trade the visually obvious.

Saint

 

[Saint]

ABAN ADD 1 triggerred 2150

Saint

 

[nagakiran]

Hi MJ,

This is my first post in this thread..from past few days i was just trying to understand this system.

I have a query regarding the stoploss for ABAN.
Today's low of ABAN (2090) is higher than our previous pivot low 2081..
So, can we consider today's of low of ABAN as a valid stoploss and raise stoploss to (2090-20 = 2070).

 

[Saint]

Hi MJ,

This is my first post in this thread..from past few days i was just trying to understand this system.

I have a query regarding the stoploss for ABAN.
Today's low of ABAN (2090) is higher than our previous pivot low 2081..
So, can we consider today's of low of ABAN as a valid stoploss and raise stoploss to (2090-20 = 2080).

Typo on the above.....2070 is what you mean.

And yes,but let this hourly bar form first,then only make changes.Reassess at 12 noon.

Saint

 

[musicjunkie]

Hi nagaKiran,
According to my view SL at red line. As of now.
mmm...2070 as Saint mentioned, I think i have some data issues on the 5min bar. Sorry