Going With The 60min Flow!!!

[Satyen]

The stop of 4107 shall also as usual be the reversal level too!!!????

Dear RK yes we can take it as Reversal ... my veiw


Regards
Satya

 

[kapil123]

and does that mean reversal?

Yes Rishi,
It is always stop and reverse. We are always in position.

 

[SamFisher]

and does that mean reversal?

Exactly

 

[rishig38]

Saint, if one is not currently holding any position, can one still short Nifty at current levels with a SAR of 4107 or should we just wait for the SAR to be hit then enter at that point?

 

[yashodhan]

So,we get a neat move down on Friday,a big gap down today and another move down..........The 2 bar method is already in place.Owing to this gap down and this fall after that,place your stop losses to the high of the first bar(usually we have to wait till the previous bar's low is taken out).

Stop losses to the high of today.......4092 + 15=4107

Saint

Saint,

By the same logic, would we bring down Aban S/L to 2260+20 = 2280?

 

[Satyen]

Low Broken of previous Bar so now qualify 2 bar method


Regards
Satya

 

[rakeshluthra430]

Saint, if one is not currently holding any position, can one still short Nifty at current levels with a SAR of 4107 or should we just wait for the SAR to be hit then enter at that point?

Dont enter now....enter the fresh trade when the stops hit current trade.

 

[rkkarnani]

Saint,

By the same logic, would we bring down Aban S/L to 2260+20 = 2280?

Better wait for the 11 AM bar's low to be broken to move the SL to todays high+room!!!
May break any time soon!!!

 

[man4urheart]

Current Position Of NIFTY in thread

Position Start Date: 10 -Sept-2008
Short Since : 4425
Stop Loss: 4092 +15=4107
Profit/Loss in Current Trade = 4425-4107 = 318 Points

We change our Position to LONG if NIFTY Trades above :4107

Current Position Of ABAN in Thread

Position Start Date: 10 -Sept-2008
SHORT Since : 2349
Stop Loss: 2323 +20=2343
Profit/Loss in Current Trade = 2349-2343 = 6 Points

We change our Position to LONG if ABAN Trades Above :2343

 

[Saint]

Saint,

By the same logic, would we bring down Aban S/L to 2260+20 = 2280?

ABAN short stop loss and reverse at 2280.


Saint