Going With The 60min Flow!!!

[Satyen]

REALLY SATYA?
is this indicator works?
if so what is the % of back test report?
regards

regards
satya

 

[lvgandhi]

Hello all,
NF for June 18th, now the long SL is at 4549-

So for the June Series so far...

Number	Trade	Level	SL	Initial Risk	P/L(Close)

4	Long	4499+	4549-	+50		+141

3	Short	4640-	4499+	Closed		+141

2	Long	4636+	4640-	Closed		+4

1	Short	4826-	4727+	Closed		+190

Total booked P/L = +335pts

Happy trading!

Regards

Whether today's 11 am bar qualifies for higher pivot low?

 

[milkyblack]

Whether today's 11 am bar qualifies for higher pivot low?

Well, in my view it is not... as the morning high of 4655 was not taken off ( was taken off only by 2 points)... in that scenario of giving room before confirmation of pivot... then it is not to be considered as pivot low... if no room is required then it is pivot low for the reversal...

Otherwise our SL is for long is still same 4549-

Please comment on this and suggest... It is just what I can make out... though after todays close it becomes very easy to say that 4616- was the reversal point! But again according to Saint only major pivots should be considered for NF 60min...

Regards

 

[milkyblack]

Hello all,

NF for 19th June... I request everyone to please throw some light for the pivot for today! Whatever I can make out of it I have posted in the above post! Until then I consider 4549- as the reversal point!

So for the June Series so far...

Number	Trade	Level	SL	Initial Risk	P/L(Close)

4	Long	4499+	4549-	+50		+68

3	Short	4640-	4499+	Closed		+141

2	Long	4636+	4640-	Closed		+4

1	Short	4826-	4727+	Closed		+190

Total booked P/L = +335pts

Regards

 

[Satyen]

No Milky i think its not a major Pivot

Regards

 

[milkyblack]

No Milky i think its not a major Pivot

Regards

Satya,

Thanks then the SL is 4549- for reversal

Regards

 

[Saint]

UPDATES:

ABAN:Still holding longs....

SESA:Still holding shorts.....Profit on long entry,avg 3630,exit 3790=+160pts.As double the initial positions,equivalent to +320

JP ASSOC:Still short.

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 short=+1950pts,SESA long=+320 pts.

Saint

UPDATES

ABAN :Exitted all longs at the break of 3747-20=3727.Avg entry long=3568 on 6 lots......+159x3=+477pts.......now short at 3727.

SESA: still short

JP :Still short

GMR :Still long,but sitting around pivot points......near reversal points if 108 breaks.


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 short=+1950pts,SESA long=+320 pts,ABAN long=+477pts

Saint

 

[lvgandhi]

Well, in my view it is not... as the morning high of 4655 was not taken off ( was taken off only by 2 points)... in that scenario of giving room before confirmation of pivot... then it is not to be considered as pivot low... if no room is required then it is pivot low for the reversal...

Otherwise our SL is for long is still same 4549-

Please comment on this and suggest... It is just what I can make out... though after todays close it becomes very easy to say that 4616- was the reversal point! But again according to Saint only major pivots should be considered for NF 60min...

Regards

How to distinguish minor or major pivots. Is it necessary for recognising a low as pivot low that pivot high needs to be taken out? I have read Saint's thread. But may be I am missing some thing. If you can kindly point out any post, I will be thankful.

 

[Saint]

No Milky i think its not a major Pivot

Regards

Saint

 

[milkyblack]

UPDATES

ABAN :Exitted all longs at the break of 3747-20=3727.Avg entry long=3568 on 6 lots......+159x3=+477pts.......now short at 3727.

SESA: still short

JP :Still short

GMR :Still long,but sitting around pivot points......near reversal points if 108 breaks.


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 short=+1950pts,SESA long=+320 pts,ABAN long=+477pts

Saint

Thanks Saint for the updates! Enjoy your holidays!
Ur to Satya gave the confirmation of the Minor Pivot low....
Thanks again !

Regards