Going With The 60min Flow!!!

[milkyblack]

Hi Satya,

Yes we made pivots, we consider the pivot of 4337+... as per the major pivot rules... give ur opinions on this plz...

Regards

 

[milkyblack]

Hi alok,

I hope Satya has cleared your query!
I do not have any formula for the pivot

Regards

 

[kenneth]

I would be grateful if somebody could guide me a simple method for identifying a pivot High and Low.

If somebody has code in MS which can mark PIVOT bars it can be great.

http://www.traderji.com/metastock/3645-metastock-expert-advisor-pivot-analysis.html#post16832

 

[vinst]

Hi,

NF has formed lower high on 60min charts at 4336 and then broke below the PL at 4225.

regards,
vin

 

[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

So far holding all the shorts in all the 4 above.........shall post all the updates in the evening.

Saint

 

[milkyblack]

Hello All,
NF for June 25th, SL brought down to the latest major pivot high 4337+
Looks like a V move... in tht case SL is 4274+ ... not sure... if the fall continues 2mw... then SL 4274+ ... until then SL taken as 4337+ for calculation purpose!

So for the June Series so far...

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

5	Short	4505-	4337+	+168		+375		

4	Long	4499+	4505-	Closed		+6		Gap down

3	Short	4640-	4499+	Closed		+141

2	Long	4636+	4640-	Closed		+4

1	Short	4826-	4727+	Closed		+190

Total booked P/L = +341pts

Regards

SL brought down to 4255+

Regards

 

[vinst]

SL brought down to 4255+

Regards

What's the basis of 4255? I could not understand. Can u pls post a chart and indicate? PH is still 4336

regards,
vin

 

[milkyblack]

What's the basis of 4255? I could not understand. Can u pls post a chart and indicate? PH is still 4336

regards,
vin

Yesterdays 3 pm high! 2 bar.

Regards

 

[vinst]

Yesterdays 3 pm high! 2 bar.

Regards

Looking back at this 2bar stop. I am interpreting it as follows:
1) Use two bar stop when PH (or PL whichever is relevant) is farr off.
2) See the bar with lowest low backwards from current bar.
3) Note Highest high between the bar which is 2 bars 'back' (from the bar with lowest low) to the bar with the lowest low. This becomes 2-bar SL.

Kindly comment on correctness or otherwise of the above.

regards,
vin

 

[Satyen]

Hi pivots for today I think we dont have any major pivot today so wait untill 4308 broken to reverse the trade

regards
satya