Going With The 60min Flow!!!

[Saint]

The 60min trader with an eye on the 30min charts should have gone short today with a break of that pivot.......

The 60min Pure Flow Trader is still short........he is holding all his 4 positions and riding the big wave.

Neither can say that they are Long as of now.......With a break of that Pivot,the 2 groups are back together on one side.

Whether we gap up or down tomorrow is immaterial.........

Sincerely hoping that neither group is still holding Longs........the only group that would have held longs is the group that is following the 60/30 charts,went long the other day,added yesterday,but noticing the gradient had dismissed it as a minor pivot.Think Amit is one of them.......he is not wrong.It is a judgement call that one has to make and as this thread is all about vision,art,beauty,etc......not wrong.A gap down tomorrow is unfortunate and bring in the 5min bar reversal if triggers.

The point is:Other than the above,there is no difference in opinion amongst all the groups.

But if you are Long from yesterday,and you are a proponent of 60min Pure Flow,.....then you need to have a relook at your understanding of the Flow.Misunderstanding something may make you some profits some of the time,but can land you in hot soup over the long run.

If you are a Hard Core proponent of the 60min Flow with a 30min view......you are ruthlessly long the other day,added yesterday,reversed today.

If you are 60/30 player that avoided today's pivot as something negligible......matter of perception,not wrong at all......


This post above is for those who believe that they are in the 60min Pure Flow category but are holding Longs(not you,Amit,you and I are seeing the same things,mild differences,thank you for your wonderful posts,great stuff).For all those of you in the 60min Pure Flow Category who have been holding their shorts through the last few days,hats off to you.........great going guys!

Saint

ps:From now my posts will address both sections although I am rigidly on one side.

 

[Ank!t007]

Saint Sir is it that If we are either long or short on 60min chart , pivot should not break against our position in 30min chart ?

Ankit

 

[Saint]

Saint Sir is it that If we are either long or short on 60min chart , pivot should not break against our position in 30min chart ?

Ankit

Nope....pivots could break on the 30.....but bring the 30 in only as a safety net if you have a huge gap down,or a V-shaped move,or vertical falls,or long sideways moves.

So,pivot breaks on 30 are not the only criteria......but coupled with the above it assumes significance.

Saint

 

[Saint]

How to handle the Gap Down tomorrow.......


a.Pure 60min Flow Traders:On a Gap Down,do nothing.You are holding your shorts.Let it rise if it does and let it form a proper visual Pivot and reverse as always.

b.Aggressive 60min Flow Traders:New name for the guys who look at the 60min Flow Thread and also employ the 30min tweak to it,blah,blah........cannot be repeating this phrase each time I post.So,now it's easy....The Pure guys and the Aggressive guys(aggressive doesn't mean that they earn more..... just more positions reversal long and short while the Pure guys are still holding tight.)

Now,for aggressive 60min Flow Traders.........We had a huge move down and if the gap down is pronounced,creating a big gulf in prices,allow the 5min bar to form.Then put a level of Rs 20 above that first bar.If it triggers,go long.If it doesn't trigger,you have a possible add below the first bar (Rs 7 as always),of course,if your money management allows you to.

To reiterate:If a massive gap down after a protracted down move,look to go long above the first bar +20 with stops below the low of that bar.

Saint

 

[ARMHM]

Deep gap down tomorrow... atleast 200 points.

That's anticipation !!! (sweet music though)

 

[KomaL2099]

Hi Saint
How did u reach level of 4014. My data is saying 4011. Pivot Low of
(4026-15).

COMPLETED TRADES IN NF IN SEPTEMBER

TRADE 1(LONG):
INITIAL POSITION:4354
ADD 1:4381
ADD 2:4383

EXIT=4425.............+156 pts.

TRADE 2 (SHORT):
INITIAL POSN: 4425
ADD1 :4324
ADD2 : 4280
ADD3 : 4246

AVG:4319
EXIT: 4062...........257 x 4 =+1028pts

TRADE 3(LONG)
INITIAL POSN:4062
ADD 1:4024

AVG:4043
EXIT:4014..............-29 X 2=-58pts

We are currently short at 4014.

Saint

 

[psj]

Saint,

Yesterday, for SAR 4011, there were lot of confusion.

I have taken the below values from NSE chart.

Lows:
10.00 4069
11.00 4026.3 <<<<<<<<< 4026-15 = 4011
12.00 4029
01.00 4023
02.00 3998
03.00 3980.1

4026 was confirmed at 12.00.

Just because of around 3 pts(4029-4026), some of us not noticed before you posted?

Just because of around 3 pts, we are in Short position today?

If so, this 3pts like 10paise that day..

Regards,
PSJ

 

[milkyblack]

Hmmm....Looks like everyone except Rakesh and myself are holding on to their longs.

For those still holding the Longs........the opening bar is your make-or-break as always.

Saint

Me too holding longs had my stop placed at 3980... did not get triggered.... now modified stop was at 3965....

Well now again modified Stop based on 1st bar of today! Then revert to short... in this process... might get hit both the sides... but what to do... before a big move... these has to be given to the market

Regards

 

[tanewbie]

Can anyone tell me why i cant place after hour orders in sharekhan ? I keep trying but it says exchange in intermediate status. Pls help. Is this their wa of trying to keep away poor peoplefrommaking profits ?

There are no after hours orders for fno. It was stopped longback

 

[rkpahwa]

ABAN SAR
Pls confirm

regards
rkpahwa