Going With The 60min Flow!!!

[Satyen]

Satya, Nifty chart pls...

Hi here it is

Regards
Satya

 

[lvgandhi]

Move stop/reversal point in NF to 4370 +15=4385

Saint

Todays high is 4371.75. Hence I feel stop should be 4387.

 

[Satyen]

Saint,
Why did we move the Stop to today's high? don't you want to wait sometime till the bar is over? Sorry if im missing something obvious

MJ-

Now Bar is complete but still we need some time/or another bar to have confidence for reversal


Regards
Satya

 

[man4urheart]

Current Position Of NIFTY in thread

Short Since : 4425
Stop Loss: 4372 + 15 = 4387
Profit/Loss in Current Trade = 4425-4387 = 38 Points

We change our Position to LONG if NIFTY Trades above :4387

Current Position Of ABAN in Thread

SHORT Since : 2349
Stop Loss: 2419 + 20 = 2439
Profit/Loss in Current Trade = 2349-2439 = -90 Points

We change our Position to LONG if ABAN Trades Above :2439

 

[Satyen]

Todays high is 4371.75. Hence I feel stop should be 4387.

Yes 4371.75 also high in ICICI

Regards
Satya

 

[milkyblack]

Saint,
Why did we move the Stop to today's high? don't you want to wait sometime till the bar is over? Sorry if im missing something obvious

MJ-

Its because we broke the low of the day at that time...

Saint 3 rules to activate a pivot

Regards

 

[Saint]

Saint,
Why did we move the Stop to today's high? don't you want to wait sometime till the bar is over? Sorry if im missing something obvious

MJ-

Things get easier once we get newer lows........new lows,bring the stops to previous pivot high viz,the HOD.

Once the new lows are reached,a few scenarios:

a.Closes weak........so bring stops down to HOD.
b.Strong move down and then back up........so we have a bottoming tail nrb.....so bring stops down to HOD.
c.So strong a move that it made back the entire loss and put on some gains as well.......wow,then Lucky/Smart us in bringing the stops down to HOD.

Saint

 

[rakeshluthra430]

Rakesh,all that testing over the last 2 years was done with the data that one has,however right or wrong it may be.The amount to add was fixed from the data that one has........therefore sticking to data however faulty it may be at times.


Saint

Thats what I was alluding to...thanks a lot for your views.

One more thing I would like to tell all the members here- with time, gaining confidence in what we are doing is going to be of greater significance than getting the exactly correct entry/exit points. All the debate that goes on in this thread...about the levels....deviations....tweaks etc...should ultimately lead all of us to have our own 'subconscios' checklist of what is to be done when....without ant ifs and buts..and yes...your list will differ from everyone elses.
I am sure all of us will agree to this... if not today..maybe after a few months.


Thanks a lot,
Rakesh

 

[AMITBE]

When there is so much of a difference in the opening bar (7 points in a 5 min bar)...isnt it possible that 4331 might have been a freak trade? And that be the case, shdnt it be avoided? Of course, this is just an openion...needs some pondering from the seniors side...

Hi Rakesh, though my eSignal data gives an error at swift gap oppens, PIB always corresponds with what NSE publishes. Often Saints's and some others' data syncs with NSE too.

So, I go with PIB/NSE for opening bar. It's been working alright.
For the rest, eSignal mostly does ok.

Amit.

 

[Pattel]

Moving ABAN SL to 2400 (2380day's high+20), pivot low break. Not adding now.