Going With The 60min Flow!!!

[Satyen]

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

335 point
Nice Gain Milky so far

Regards
Satya

 

[milkyblack]

335 point
Nice Gain Milky so far

Regards
Satya

Yes Satya... ofcourse nice gains so far! Lets see... how it goes...
So far so good

Regards

 

[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

UPDATES:

ABAN:Exitted all 10 shorts at 3458.......Profit:390 pts,as position size 5x that of initial position,equivalent to +1950 pts.....Now long ABAN 2 lots at 3458

SESA & JP:Same as above.

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,ABAN=+1950pts

 

[Saint]

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

Yep,MB.....4334 the initial stop loss,adds tomorrow over today's high + a bit,with new raised stops below today's low.

Saint

 

[milkyblack]

Yep,MB.....4334 the initial stop loss,adds tomorrow over today's high + a bit,with new raised stops below today's low.

Saint

Thanks Saint... looks like I am able to learn

Regards

 

[lvgandhi]

Yep,MB.....4334 the initial stop loss,adds tomorrow over today's high + a bit,with new raised stops below today's low.

Saint

If today 4525 is crossed, then will the SL be shifted to yesterday's low of 4454

 

[Satyen]

Yep,MB.....4334 the initial stop loss,adds tomorrow over today's high + a bit,with new raised stops below today's low.

Saint

Thank you very much i was thinking yesterdays low as initial SL as it is moving sideways so thought low of that sideways movement would be new pivot low

Thanks for correcting


Regards
Satya

 

[Smart_trade]

UPDATES:

ABAN:Exitted all 10 shorts at 3458.......Profit:390 pts,as position size 5x that of initial position,equivalent to +1950 pts.....Now long ABAN 2 lots at 3458

SESA & JP:Same as above.

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,ABAN=+1950pts

Hello Saint,

Congratulations for having pyramided and managed position in ABAN so well .Very professional job done. In ABAN why did you not consider 3445 pivot formed early yesterday to reverse and go long when it was taken out in the last bar yesterday ? Yr answer will help clearing my doubts as it was a major pivot till we got todays fall and the today's the pivot for reversing the position was 3475 as rightly mentioned by you.

Best wishes

 

[Satyen]

Hi MB we can now update our stop to todays low we are still long


Regards
Satya

 

[Satyen]

Dear Saint we take 1 as Pivot Low but not 2 please explain bit when ever you get time

Regards
Satya