Going With The 60min Flow!!!

[rakeshluthra430]

Is 4331-7=4324 is add point?

My data shows 4340 as the low....would someone pl reconfirm?? And yes, its (whatever the low)-7 to add.

 

[lvgandhi]

My data shows 4340 as the low....would someone pl reconfirm??

data vendors data misses some ticks. nse data is 4331.

 

[AMITBE]

Is 4331-7=4324 is add point?

Hi lvgandhi,
You are short, gaps down, yes, add @ low of 5 min bar minus 7...if MM permits.

Amit.

C'mon guys. Pounce with your replies!!

 

[musicjunkie]

Sorry for late reply!
Yes it's an add, but I personally won't take it.
If We get a rally, new PH, then break of low Then I shall move stops and add....

Nochange in stops of other Aban,Hdil and LITL, Think we Might get a PH for Hdil today...lets see
MJ-

 

[nagakiran]

direct link to see High,Low prices on NSE site for
1)MINIFTY
http://www.nse-india.com/marketinfo/fo/fomwatchsymbol.jsp?key=MINIFTY

2)NIFTY
http://www.nse-india.com/marketinfo/fo/fomwatchsymbol.jsp?key=NIFTY

I feel its always better to confirm the high,low prices with NSE site as we remember the days that 10 paisa making the difference (stoploss saved by just 10 paisa).

 

[AMITBE]

Sorry for late reply!
Yes it's an add, but I personally won't take it.
If We get a rally, new PH, then break of low Then I shall move stops and add....
MJ-

Great going! Another way to do it, surely.

Deviation a tad, if I recall the trade design correctly, but nevertheless very astute.

Amit.

 

[lvgandhi]

Great going! Another way to do it, surely.

Deviation a tad, if I recall the trade design correctly, but nevertheless very astute.

Amit.

I think with this mj reduces risk with lower PH.

 

[AMITBE]

I think with this mj reduces risk with lower PH.

Absolutely. In case of lower high.

 

[Saint]

Aditya(Segul),

Now what we discussed kicks into play now that we have a Flow Down Gap Down scenario...........now what we need for that scenario is a few bullish bars attempting to close the gap with low gradient and then forming a Topping Tail NRB.Then we short the low of that bar.That becomes your ADD point with minimum risk as well.

Saint

 

[Smart_trade]

Nifty drifting down.Will it give us a better add point than the day's low ? or we are already at the add point ? SL too far for adds !!!

Smart_trade