Going With The 60min Flow!!!

[Saint]

We wait for first 5 min either way it break out we trade in that direction

For Long we have Stop at days low for short we have stop at prev pivot high

Regards
Satya

Filter would have kept you out of any 60min trade so far........stops long if in,day's low.If short,keep it at day's high.....as always,that "+a bit" is important.

Saint

 

[Satyen]

For Long we have Stop at days low for short we have stop at prev pivot high
Regards
Satya

Hi

Saint again if we hit SL in long trade then should we go short then what should be Stop pivot or days high

This has not happened in our previous trades but if you can elaborate bit with different scenarios with GAPS then it will be great

regards
Satya

 

[Satyen]

Filter would have kept you out of any 60min trade so far........stops long if in,day's low.If short,keep it at day's high.....as always,that "+a bit" is important.

Saint

Thank you i was thinking for short Stop would be at prev pivot high in this case yesterds high

regards
Satya

 

[Saint]

Hi

Saint again if we hit SL in long trade then should we go short then what should be Stop pivot or days high

This has not happened in our previous trades but if you can elaborate bit with different scenarios with GAPS then it will be great

regards
Satya

Satya,

Rest all same.....

No looking for yesterday's pivots as reference points when you have this big visual gap down.Short the 5min low,Stops at highs of the day.......Longs over 5min high with stops below the low of the day.......your usual filters as always.

If longs are triggerred,and then it reverses and takes out the stops,revert to short as always.......sometimes in a bid to get into the flow of things,you may get rocked about.......but stick with the plan.

So far,no trades.......Once it trends either directions,it will again give us back the pivot points,blah,blah

Saint

 

[Satyen]

Ok today would be great day for 60 min trading with Big Gaps

Thank you Again

Regards
Satya

 

[milkyblack]

Saint,

Your SL for ABAN for reversal? Is it todays LOD - 20?

Regards

 

[Saint]

Saint,

Your SL for ABAN for reversal? Is it todays LOD - 20?

Regards

Reversal to long?

Currently short....sorry not updated yet.Will do it in a while.

Saint

 

[milkyblack]

Reversal to long?

Currently short....sorry not updated yet.Will do it in a while.

Saint

Oops! U are short on ABAN!!!!
I am long! Now for sure this trade will be a negative for me

Regards

 

[milkyblack]

Oops! U are short on ABAN!!!!
I am long! Now for sure this trade will be a negative for me

Regards

Chart attached... for why I took the long trade

Regards

 

[rakeshluthra430]

Reversal to long?

Currently short....sorry not updated yet.Will do it in a while.

Saint

Saint,
Thanks...will wait for your update on Aban... the sl for long positions held yesterday was 3086 -20.
Now...today the gap down was below the sl level, but we now look only at the 5 min bars. So the high was 3026.1 and low was 3000....so i am a bit confused as to how come one shd be holding a Short position....

But will wait for your post to get a better idea... Chart attached.