Going With The 60min Flow!!!

[Smart_trade]

Everybody trading happily and effortlessly.... On a worst meltdown day...Great going !!!

 

[AMITBE]

So now what we place our SL 2101? Way too much from our yesterdays SL of 2273...

What is the prudent idea to do? Exit and sit aside till the next move or take that trade at 2101?

Regards

Hi MB, depending on capital/drawdown take that call to sit aside.

For the rest this is a flow.

I'm not using single tick by tick data but 15 seconds ticks. Looking it 15 sec chart that low in ABAN has enough volume to validate the sale.
Of course that's a panic low, but even though with enough volume.

Amit.

 

[milkyblack]

Added on NF at 3854... Its just me... SL at 3797...

Regards

 

[SamFisher]

Dont worry Sam, I hope you have made good profits in past few days & these small losses should not worry you

Thanks prabhjeetrana,
I missed one simillar move last week, when my reversal to long got triggerred(by my mistake of setting up stop loss one RS more), next day there was a gap up of >100 points. Lost there too.

Anyway thats the way trading is... Hoping to get good moves in the future.

 

[KomaL2099]

I am not in but just to clarify .. ADD shud have come either at 3849+7= 3856
or at 3839+7= 3846 .depends what high are u considering NSE or CHART ??
Pls Clarify

Added on NF at 3854... Its just me... SL at 3797...

Regards

 

[milkyblack]

Hi MB, depending on capital/drawdown take that call to sit aside.

For the rest this is a flow.

I'm not using single tick by tick data but 15 seconds ticks. Looking it 15 sec chart that low in ABAN has enough volume to validate the sale.
Of course that's a panic low, but even though with enough volume.

Amit.

Thanks Amit... for your prompt reply!

Regards

 

[Prabhjeet]

Sam just follow the system with discipline and money will follow, my practical experience

Happy Trading

 

[milkyblack]

I am not in but just to clarify .. ADD shud have come either at 3849+7= 3856
or at 3839+7= 3846 .depends what high are u considering NSE or CHART ??
Pls Clarify

I have just used 3839+15... 3854... 1st 5 min candle high + 7 was 3846... below days low... so used 15 points... also cleared the days high! In a massive gap days... I am not comfortable adding with 7 points... when not clearing days high! It is just me... adds depend from person to person... I think I am not creating any confusion... your add points are absolutely fine too...

Regards

 

[Saint]

Okay,now that new rule we are looking at.........Gap down after a downtrend,we got that.But instead of a breakout move,we are having this lesser than avg volume Move .....not what we want.

HOLD OFF on GOING LONG at first bar +20.

Saint

 

[nagendra_gb]

ABAN stoploss hit