Going With The 60min Flow!!!

[man4urheart]

I agree with Music Junkie for Stoploss of Nifty

Current Position Of NIFTY in thread

Position Start Date: 17 -Sept-2008
SHORT Since : 4011
Stop Loss:4085+15= 4100
Profit/Loss in Current Trade = 4011-4100 = -89 Points

We change our Position to LONG if NIFTY Trades Above :4100

Current Position Of ABAN in Thread

Position Start Date: 15 -Sept-2008
Long Since : 2260
Stop Loss: 2185-20=2265
Profit/Loss in Current Trade = 2260- 2265 = 5 Points

We change our Position to SHORT if ABAN Trades below :2265

Current Position Of RELINACE CAPITAL in Thread

Position Start Date: 16 -Sept-2008
Long Since :1113
Stop Loss: 1070-11=1059
Profit/Loss in Current Trade =1113-1059 = -54 points

We change our Position to SHORT if RELIANCE CAPITAL Trades below :1059

 

[lvgandhi]

Already short at 4011. I think taking into account 13:00 bar high of 3985, SL should be 4100. Am I correct?

 

[lvgandhi]

Is 3973 is Add point?

 

[Saint]

ABAN adds at 2365+10=2375

Saint

 

[rakeshluthra430]

Already short at 4011. I think taking into account 13:00 bar high of 3985, SL should be 4100. Am I correct?

Yes..its 4100. Let this bar complete to determine the adds to short.

Rakesh

 

[sandeep721]

Already short at 4011. I think taking into account 13:00 bar high of 3985, SL should be 4100. Am I correct?

I am of the same opinion and I think m4u has also confirmed.

 

[musicjunkie]

Great M4uh!

MJ-

 

[man4urheart]

Haven't heard of Satya lately! no postings at all...no charts!

Neither Milky black!

 

[AMITBE]

Still holding longs With sl 3980. What to do?

No.

Just go with your rule and understanding.

Take the stop when it comes, should it come.

You'll trade better when going solo then.

I'd say the same again, even if NF rallied minutes ago or not.

We are basically learning yet, and while trading as a group here, each one of us is independently playing it according to his/her understanding.
Mostly it is a pretty straight forward system here and the test comes when, as Saint pointed out, we have gaps and V-shaped moves.
That, and the question of the 30 min bar decision.

We have bee through several gaps in recent days, so that has been learnt well.
But not too many V-shapes in recent times.

When NF made a steep move that terminated around 1 PM, a V-shape reversal happened. The reversal happened as buying pressure completely vanished. Else, it would have made some wobbly moves at the high, which it didn't.
The reason Saint has put the filters in place is, when sharp spikes are made that appear as clear cut visual pivots in either direction, the filters allow for the buy/sell pressure to run its course. That 10 Paise did exactly that then, and now. So, a pivot is chiefly a function of buy/sell exhaustion.
To bring in the 30 min variation here, yesterday 30 min bars gave visually clear two pivots where we moved our stops.
Today it didn't do it quite so well, despite there being 3 or even 4 sideways 30 min bars. When it seemed as if there would be one at 4023 around 12.30 PM, the next bar negated it.
So now there is a choice. And the choice is what the eye sees clearly, without any doubt. Yes, 60 min is stronger than 30 min, but the strong moves that follow a 30 min pivot would make that pivot a strong enough pivot to trade.

I personally did not see such a clear 30 min pivot today and my SAR remained at 3980. It may get blown today...or tomorrow at a gap, but that's the way my eyes see it. Today the bottom around the same level appears like a clear pivot.

I guess the point of this post is: This system is about what our eyes tell us. No more and no less. Through all the discussions here of major/minor/decent/indecent pivots, Saint seems to have said what I have written here.
I guess learning is about listening...whichever way it makes sense.

Amit.

 

[ThE HaMmEr]

I'd say the same again, even if NF rallied minutes ago or not.

We are basically learning yet, and while trading as a group here, each one of us is independently playing it according to his/her understanding.
Mostly it is a pretty straight forward system here and the test comes when, as Saint pointed out, we have gaps and V-shaped moves.
That, and the question of the 30 min bar decision.

We have bee through several gaps in recent days, so that has been learnt well.
But not too many V-shapes in recent times.

When NF made a steep move that terminated around 1 PM, a V-shape reversal happened. The reversal happened as buying pressure completely vanished. Else, it would have made some wobbly moves at the high, which it didn't.
The reason Saint has put the filters in place is, when sharp spikes are made that appear as clear cut visual pivots in either direction, the filters allow for the buy/sell pressure to run its course. That 10 Paise did exactly that then, and now. So, a pivot is chiefly a function of buy/sell exhaustion.
To bring in the 30 min variation here, yesterday 30 min bars gave visually clear two pivots where we moved our stops.
Today it didn't do it quite so well, despite there being 3 or even 4 sideways 30 min bars. When it seemed as if there would be one at 4023 around 12.30 PM, the next bar negated it.
So now there is a choice. And the choice is what the eye sees clearly, without any doubt. Yes, 60 min is stronger than 30 min, but the strong moves that follow a 30 min pivot would make that pivot a strong enough pivot to trade.

I personally did not see such a clear 30 min pivot today and my SAR remained at 3980. It may get blown today...or tomorrow at a gap, but that's the way my eyes see it. Today the bottom around the same level appears like a clear pivot.

I guess the point of this post is: This system is about what our eyes tell us. No more and no less. Through all the discussions here of major/minor/decent/indecent pivots, Saint seems to have said what I have written here.
I guess learning is about listening...whichever way it makes sense.

Amit.

amit siir greaat stuff as always...... ! !