Going With The 60min Flow!!!

[tanewbie]

Re: Questions from juniors on"Going with 60minute flow"

NF 5 mins chart

 

[ANBE SHIVAM]

Now thread seems to be with less posting and it is CALM

 

[rkkarnani]

Oh, and to add, what I will do is what I won't post, for fear of adding to confusion here.
Unless of course I am asked to clarify any doubt.

And if I have a doubt, I'll certainly ask here.

Amit.

Thanks for a candid reply!!! I had not enquired about what would be your action but our action!!! I meant action as per the rule mentioned by you... Thing was not clear as initially i assumed you meant multiple bars in our direction, where as u meant what you had written, Day 1 2 3 4 in our direction!!!!
If what you have written is the original rule, it seems to have been changed recently and I have overlooked it as Saint had initially advised to reverse only with the help of a Pivot in case of a Gap up in the direction of the trade!!!!
Regards
R K Karnani

 

[kapil123]

Re: Questions from juniors on"Going with 60minute flow"

hi saint

i have a doubt on today's move of nf. we had a gap up. and the low of 5 mins bar is taken out. I assumed that short should be initiated that bar's low is broken. Is my understanding correct ?

ramash

Quote :

Gaps in the direction of the preexisting trend

1.We are long a trade, day 1,2,3,4.......big moves on the 60......trade gets vertical.....wrb's one after another....market shuts and opens with a big visual gap up. Allow the 1st bar to form, put your stop below that bar (with a bit extra) and reverse to short when triggered.

Your question is answered by the Gaps in the direction.. But I will try to explain again. If we are in a long trade for few days, there are big moves in the 60 min bars, trade gets vertical (there are no visible pivot lows), market shuts and then on next again there is a big gap. Then you can allow the 1st bar to form and put your stop below that bar (with extra equal to room) and reverse to short when triggered.

Now in today's case there has been no vertical moves since we went long and today is the 1st day of the gap up. So, we wait and trade as per the plan.

 

[rakeshluthra430]

pivot hourly low --- > 4155.10

so is sl --- > 4155.10 - 20 ---> 4135.10 ????



no updates frm seniors yet...wat happ...???

No change is stops as of now....
Your scenario would be true only if this current hourly bar takes out the high of today morning.

Rakesh

ps: BTW... the jiggling space is 15 points, not 20..... I know we used it yesterday, will explain that later.

 

[tanewbie]

pivot hourly low --- > 4155.10

so is sl --- > 4155.10 - 20 ---> 4135.10 ????



no updates frm seniors yet...wat happ...???

current hourly bar low is 4145 if nf makes a new high 4145 will become a pivotlow
as of now 3994 pivot low stands

 

[Saint]

Re: Questions from juniors on"Going with 60minute flow"

hi saint

i have a doubt on today's move of nf. we had a gap up. and the low of 5 mins bar is taken out. I assumed that short should be initiated that bar's low is broken. Is my understanding correct ?

ramash

Quote :

Gaps in the direction of the preexisting trend

1.We are long a trade, day 1,2,3,4.......big moves on the 60......trade gets vertical.....wrb's one after another....market shuts and opens with a big visual gap up. Allow the 1st bar to form, put your stop below that bar (with a bit extra) and reverse to short when triggered.

Hi Ramash,

Are you talking about the 60min Flow......if you are,then basically what we have is a long downtrend,and a huge gap down that got covered in its entirety + a bit more........Our shorts were covered and we are long.Pivot crack just took place......Now we have a biggish gap up.As far as the 60min Flow is concerned,we are very much with the trend......that is our constant check......Are we in line with the Flow?.......When we get a gap up like this,our focus is not to get out of that trade....Instead our focus is to add and maximise.

What you are looking for is multiple days of uptrend,as evidenced by higher pivot lows and highs,big WRB's.....and then a 200pt gap up.Now look to short it ...low-20 is your reversal back to short.

If you mean Intraday.........best to stay out of going against the Flow when the larger time frame has just indicated that reversal time is here upon us.So,look to get long,unless pivots break later on in the day.

Got your PM....Will respond in a bit.

Saint

 

[ramash]

Re: Questions from juniors on"Going with 60minute flow"

hi kapil,

Thanks for your reply. Now i understand.

ramash

 

[tanewbie]

Re: Questions from juniors on"Going with 60minute flow"

Nf 5 mins and 60 mins chart

 

[Saint]

It was proposed and passed unopposed that only limited senior people will comment here. Others post in the thread "questions from juniors on 60min flow" Pl follow this rule
vps

Nothing like that,VPS........anyone can ask anything and many of the seniors here would try to help.

Think Rakesh had already answered the query.

Saint