Going With The 60min Flow!!!

[Prabhjeet]

Stoploss should be 4046 + 15 = 4061

 

[Satyen]

welcome back Sir...(seems like welcoming someone to his own house).
And we will be waiting for you...missing those charts...

Thank you Sir


Regards
Satya

 

[Saint]

Pure Flow Traders

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

one time update, to remove confusion, who is doing what!

Agressive Traders

Position Start Date: 17 -Sept-2008
Long Since : 3933+15= 3948
Stop Loss:4085+15= 3888-15 = 3873
Profit/Loss in Current Trade = 3948-3873 = -60 Points

We change our Position to SHORT if NIFTY Trades above :3873

Nope,M4UH.....have a look at the chart by RK,some pages back.That is the entry of the Pure Trader!

Something not right with Aggressive Stop Loss,as in 3873,but too many additions precceding that.

Saint

 

[man4urheart]

BUt saint made it 4100!

 

[AMITBE]

Are we saying that after 3-4 white candles,one black candle and then the top of that black candle becomes a pivot high and it is to be traded with the low of that bar less space as stoploss ?

And no Sir,we are not here to get the free catch.We are sitting behind the quote terminal ,working on charts,levels etc and still there is this confusion !!!So timely correction by Saint is necessary.

Smart_trade

Yes, ST, it does. The Reason: Deep ugly gap then V-shaped recovery on 30 and 60.
Even if you saw 60 rather than 30, this would be a very apt place to bring out the two bar tool. Here, once the running bar is done, the two bar rule gives us the same level for SAR as tanewbie's 30 min pivot.

And yes, people here may not be here to take the fish, but when the market goes frenzied, I see a lot of panic. The only way out is, know your rules, which are clear, and take your trades. I guess Saint will step in if there's a real muddle.

On the other subject, if people have no data/charting facility, they are asking for trouble.

Amit.

 

[Smart_trade]

I agree with you....no one here to get the free fish....now coming to your question..

See...we have a steady fall in Nifty for the last few days (day b4 was an abberation)....today we get a vitious gap down....ideally we should expect a short covering rally by eod trades(this is how I think.....others may not agree). we expectd this in the morning and had moved our stop to 1st 5 min bar+20...
markets went up there but not that violently....but still it alerted us for that violent move up.
So now we are looking for reasons to go long....which came at 3933+15.

As I have said before...this is not in the rules....but Art has no rules!!

I thought we are trading a proper system here Rakesh,though I agree with all yr observations,we also say that we dont look at things outside the system and the system incorporates everything.And once we start looking at all factors outside the system,then the confidence on the system becomes shaky.

Coming to the "art" part,have we not done this "Artistic"trading all these years ?

Could not justify this long entry,I give up!!! No arguments with the mkt

 

[man4urheart]

I am confused too! I am short since 4011! which is yesterday!

With stoploss 4100

What should be my stoploss?

 

[Prabhjeet]

I thought we are trading a proper system here Rakesh,though I agree with all yr observations,we also say that we dont look at things outside the system and the system incorporates everything.And once we start looking at all factors outside the system,then the confidence on the system becomes shaky.

Coming to the "art" part,have we not done this "Artistic"trading all these years ?

Could not justify this long entry,I give up!!! No arguments with the mkt

The thing with ART is that everybody can appreciate but very few understand it

 

[Saint]

BUt saint made it 4100!

Pure Guys are short from the 10th of September,their Reversal is at 4047+15=4062.

Short at 4415

Saint


ps:SATYA ......your help required for the Pure part.Charts if possible!!!!

 

[man4urheart]

Pure Flow Traders

Current Position Of NIFTY in thread

Position Start Date: 10 -Sept-2008
SHORT Since : 4415
Stop Loss:4046.65 + 15 = 4061.65
Profit/Loss in Current Trade = 4415-4062 = 353 Points

We change our Position to LONG if NIFTY Trades below :4062