Going With The 60min Flow!!!

[musicjunkie]

Hi MJ, old time traders will see much significance in such a move where a jittery open gap doesn't cut the previous low by a hair's breadth. Seems to suggest strong hands guarding certain positions.

Amit.

Very simple observation.....added a whole new dimension in my mind.
Thank you, really appreciate it. And As Satya said, more posts from you here for us to learn!

MJ-

 

[Smart_trade]

Hi MJ, old time traders will see much significance in such a move where a jittery open gap doesn't cut the previous low by a hair's breadth. Seems to suggest strong hands guarding certain positions.
So, this maneuver may be seen to have bullish overtones.
On the other hand, a later break of this bottom, meaning a bull faiure of sorts, would normally signal a bear success....bit of a trap. ( )

This is early in the day yet, so would be interesting to observe.

Amit.

Great observation.Old time expert traders give lot of weitage to how market reacts in a particular situation and you seem to be one of those.Thanks for giving us the benefit of your market reading experience !!! It is the language of the market that you experts understand and speak I guess !!!

Best Wishes,

Smart_trade

 

[Czar]

Hi MJ, old time traders will see much significance in such a move where a jittery open gap doesn't cut the previous low by a hair's breadth. Seems to suggest strong hands guarding certain positions.
So, this maneuver may be seen to have bullish overtones.
On the other hand, a later break of this bottom, meaning a bull faiure of sorts, would normally signal a bear success....bit of a trap. ( )

This is early in the day yet, so would be interesting to observe.

Amit.

Lets hope this is not a Anticipation trap for us for hoping on revival of the master analysis Shall I remove the Nifty Fifty thread from the cupboard & dust it up ????

 

[man4urheart]

Current Position Of NIFTY in thread

Long Since : 4354
Stop Loss: 4440 - 15 = 4425
Profit/Loss in Current Trade = 4425-4354 = 71 Points

We change our Position to SHORT if NIFTY Trades below :4425

Current Position Of ABAN in Thread

Long Since : 2112
Stop Loss: 2369 - 20 = 2349
Profit/Loss in Current Trade = 2349-2112 = 237 Points

We change our Position to SHORT if ABAN Trades below :2349

 

[musicjunkie]

3 visits to the low area and strong buying....mmmm....
Its like the market are reconfirming what Amit said....
MJ-

 

[AMITBE]

Really wonderful to see your posts again,after all these years.......as lucid and precise as ever.This thread is fortunate to see the return of one of the greats of this forum.

Saint

Saint, my good friend...thank you very much for your kind words, but no, no great at all. I'm just a learner here amongst the others.
If I even have a trace of the qualities you praise, then something must have rubbed off on me, having been in your company here for long now.

But if this forum is what it is now, the credit goes singularly to your extraordinary threads and teachings. We are most fortunate that you are here.

Yes, I've been away, and while here have kept mainly to myself....for reason obvious, you'd agree.
This thread is facilitating some activity from my side...again for the very obvious reason: This thread has received your utmost generosity, in that having taught how to fish, you are sharing your catch too.

Thank you again.

Amit.

 

[Saint]

Saint, my good friend...thank you very much for your kind words, but no, no great at all. I'm just a learner here amongst the others.
If I even have a trace of the qualities you praise, then something must have rubbed off on me, having been in your company here for long now.

But if this forum is what it is now, the credit goes singularly to your extraordinary threads and teachings. We are most fortunate that you are here.

Yes, I've been away, and while here have kept mainly to myself....for reason obvious, you'd agree.
This thread is facilitating some activity from my side...again for the very obvious reason: This thread has received your utmost generosity, in that having taught how to fish, you are sharing your catch too.

Thank you again.

Amit.

Thank you Amit for some very kind words.......Your wisdom and knowledge will be of great benefit to us all.Looking to see more great posts from your end.

Saint

 

[Saint]

ADD point 1 in POWER GRID coming up at 99.7+1=100.7

Saint

 

[cheeku]

Okay......peace, boys.All of you are a fantastic group of individuals come together.I know that boys will be boys,but enough brawling,.......time to shake hands.......

Saint

Men rack their brains a lot these days
With charts and plans and schemes
To make NIFTY a better trade
Are these just idle dreams ?

To make the whole thread better,
Here's all you have to do-
Start to be a brother
To the trader next to you

 

[praveen taneja]

Men rack their brains a lot these days
With charts and plans and schemes
To make NIFTY a better trade
Are these just idle dreams ?

To make the whole thread better,
Here's all you have to do-
Start to be a brother
To the trader next to you

wat about sistersssssssssssssssssssssssssssssssss