Going With The 60min Flow!!!

[ARMHM]

ABAN SAR
Pls confirm

regards
rkpahwa

ABAN stop at 2265.

 

[inspire]

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

Yesterday's Pivot formation in order to reverse and go short happened really fast. Many a times I have observed in my own trades that the mind starts to see what it wants to see (in this case long) and forgets/bypasses to observe what just happened or what is happening.For those still long, I sincerely hope that the damage is not much in the morning, And of course we have the whole day and many more to start flowing together.

Warm Regards & Best Wishes
Inspire

 

[lvgandhi]

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

I also entered in second downturn. As you said yesterday entered short at 4011.

 

[pakatil]

Many a times I have observed in my own trades that the mind starts to see what it wants to see (in this case long) and forgets/bypasses to observe what just happened or what is happening.

Warm Regards & Best Wishes
Inspire

Very True

PAKatil

 

[Ank!t007]

ABAN SAR
Pls confirm

regards
rkpahwa

You spot the right pivot low.
ABAN SAR 2293-20 = 2273

Ankit

 

[Smart_trade]

Common team,fasten our seatbelts,just forget what we did yesterday,that is history.Now only our current position,first 5 min bar and we act,that is it.

Getting into the flow is more important,everything will be ok.

Trade Well !!!

Smart Trade

 

[musicjunkie]

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

Nope Saint Im short
Although I have got to admit it was not a modifed order, I was daytrading and suddenly realised a pivot will break after a few points move down. Then entered Short, *phew*
The pivot is visible on 60min, no 30min charts needed actually.

MJ-

 

[rakeshluthra430]

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

Thank God for that....
On second thoughts...it doesnt matter at all. It more important to be confident than to be right...to make money in this market. You may or maynot be proved right today or tomorrow...but if you follow your strategy consistently..you will ALWAYS be right in the long run.

Thank you Saint..the journey has just started.


Rakesh

 

[rkkarnani]

Hi Saint,

I think I am a PURE flow trader!!! The rules I follow may be a bit different but the basis is your method!!!

Considering in absolute terms the hand analogy of a Pivot I trade them with discipline.

We are short from 8th Sep , below the 5 minutes bar, and still holding the short...

Our nearest PH was on 15th Sep, last bar's high, which was not breached, so we continue to hold the short!!!!!!!

Regards

R K Karnani

ps.: All becoz of you Saint!!!!! Thanx!!!

 

[Saint]

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

Mine was 4029......if consensus,put that figure down to 4011.

Thanks,Komal

Saint