Going With The 60min Flow!!!

[Saint]

Saint,

The current stop for short positions in JPA is 175.5 (PH) + 2(room) = 177.5.
we will revert to long in JPA if price crosses 175.5 (PH)+ 2 (room)= 177.5.

Please correct me if I am wrong..

I usually use Rs 1 for JPA.......175.35+1=176.35....back to longs.

Saint

 

[Saint]

Nice move down.....bring down the ADD point now from 4532 to 4492 +7=4499.

Stops remain where they were.

Saint

 

[milkyblack]

Saint,

Are you also into OMAXE? If yes... then long position right? And Reverse below 127.5... what would be the room? If you track it then!

Thanks

Regards

 

[milind]

Nice move down.....bring down the ADD point now from 4532 to 4492 +7=4499.

Stops remain where they were.

Saint

Saint,

Couple of questions. Don't you have to wait for another bar to have a clear major high pivot? Secondly, last two PHs have been successively lower. Why isn't that a warning sign (I know, the rules of this flow ignore that)

Thanks,

-- Milind

 

[Ank!t007]

SAR Level for HDIL is at 318.3 + 3 = 321.3 too far away sir Shall we use two bar method here and put stop at 314 + 3 = 317 ? Or wait for better r/r ratio to enter ?


Ankit

 

[Saint]

Saint,

Couple of questions. Don't you have to wait for another bar to have a clear major high pivot? Secondly, last two PHs have been successively lower. Why isn't that a warning sign (I know, the rules of this flow ignore that)

Thanks,

-- Milind

Precisely the point,Milind......when we get 2 successive lower PH and this one bucks that trend for the first time,we want to be all over that new move up.

Saint

 

[milkyblack]

SAR Level for HDIL is at 318.3 + 3 = 321.3 too far away sir Shall we use two bar method here and put stop at 314 + 3 = 317 ? Or wait for better r/r ratio ?

Ankit

Let me try to answer

Until the vertical move we do not use 2 bar... just because of the stop is too far... if uncomfortable then 30 min can be used... when a pivot crack on 30 min... but again then the stop for that trade is on 30 min... I mean you should have a clear plan when to use 30 and when not to...

Waiting for better r/r is obviously a YES if it does not fit your r/r model!
Indeed any trade which does not fit your r/r model is a NO.... though it might become a success trade later

Regards

 

[nagendra_gb]

RAISE STOPS in ABAN from 2300 to 2369-20=2349

Saint

I think it will hit stoploss today..

 

[milkyblack]

I think it will hit stoploss today..

Good if it hits and moves down... rather than a gap down opening where we have to push our SL....

Regards

 

[milkyblack]

GMR SL hit... revert to shorts

Regards