Going With The 60min Flow!!!

[rakeshluthra430]

once this bar completes we may move stops to LOD. Lets see how it turns out

EDIT: mmm...MB,MJ, Rakesh all post at about the same time on stops...
MJ-

.....so you see....aggressive ones are 'pure' at heart.

 

[Saint]

Just note---aggressive become aggressive when they are threatened or pushed.....otherwise they remain as 'pure' as they can.

Rakesh

Great Stuff,Rakesh.

Saint

 

[Saint]

SAINT,

I presumed what I presumed. I feel the proposal was a right one to prevent unnecessary 'noise' here. Let nominated seniors have appropriate discussions without agressive or low speed groups. We can all learn a lot. With too much clutter we lose track of whats happening.

Pl consider my view for whatever it is worth

vps

Think the noise ,if there was any, was the back and forth discussions of those very nominated seniors.........

But yes,agreed with VPS,juniors new to this thread,please do ask in VP's thread for Juniors..........you will get your answers there.

Thanks.
Saint

 

[segul]

After 12.30 I will change my SL to 4130 ...
30 min pivot!

Regards

hi mb,

i think it will be a good pivot on 60 mins too.

regards.

 

[tanewbie]

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

NF trade update:

 

[rakeshluthra430]

Saint,
One more stupid doubt from me...wanted to ask you since last few days, but always hesitated as I may get ridiculed (not by you though).

Here it goes.....Many times I have observed that whenever the markets open with a Gap Up or Down....there is a big disconnect between the Nifty Spot and Futures price...guess because of some panicky sales by the party on other side.

So what I want to say is, why not expliot this disconnect. if Nifty spot opens at 4178 (first 5 min high) whereas the Futures make the high of 4230, can we add when the spot crosses its high??? vice versa in case of shorts.

I know we trade the futures charts and all that stuff...but

Im sure you understand what I mean...but before anything....this will again be a tweak used in only very few conditions.....

Pl let me know your views.

Rakesh

 

[rkkarnani]

Hi RKK...there you go. That should be quite obvious now.

The trade has not moved without faltering, in our direction has it...except late day yesterday...that too after sinkinging into the pits first.

The way I see it, let it go up without serious obstacles, then give a blow out
rally on 60 mins, then give a huge gap in our direction....at that point do the first 5 min bar thing.

I thought you knew the answer, and if so, I don't quite see the virtue in your query.

But if not, then I hope my reply helped.

And also, I'm personally not aware of Saint changing any rules recently. If anything he gets the team to respond when a crisis blows.

Amit.

Hi Amit,
I would not query you just for the heck of it!!! Frankly i wud let the post go withour responding had it not been from you!! Knowing very well the importance of a post from you which was not genuinely understood by me I queried.
I think the problem lies in my perception about the big moves in our direction for 1,2,3,4...days!!!!

This is what you have quoted from Saints post:

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 triggerred.

What I gathered was that when we are long for a few days and trade moves in our direction all along........!!!
In the present scenario as the trade had moved only yesterday ( a single day) in our direction with WRB's I thought the rule for reverse trade below the low is not applicable here!!!!
Seems even a single day move of WRB's counts!!!!
Thanks for your efforts to clarify!!!

 

[milkyblack]

hi mb,

i think it will be a good pivot on 60 mins too.

regards.

Hi Segul,

Yes it id going to be one now! Good God both 30 and 60 coincided !

Regards

 

[niftychance]

Hi RKK...there you go. That should be quite obvious now.

The trade has not moved without faltering, in our direction has it...except late day yesterday...that too after sinkinging into the pits first.

The way I see it, let it go up without serious obstacles, then give a blow out
rally on 60 mins, then give a huge gap in our direction....at that point do the first 5 min bar thing.

I thought you knew the answer, and if so, I don't quite see the virtue in your query.

But if not, then I hope my reply helped.

And also, I'm personally not aware of Saint changing any rules recently. If anything he gets the team to respond when a crisis blows.

Amit.

Great post, specially the highlighting from the original rules...

Thanks

 

[ThE HaMmEr]

After 12.30 I will change my SL to 4130 ...
30 min pivot!

Regards

Hi Segul,

Yes it id going to be one now! Good God both 30 and 60 coincided !

Regards

MB sir pls take a look at the nifty spot charts.....and tell me that 30 min and 60 min pivot lows low also coincide....4133

i have demo spider software......so dnt have the nifty future charts.....

can u tell me if i am posting this level correct.......

and also so our new sl will become 4133 - 15 (if i just take a look at nifty spot)...???


thank u




*this is a query.....dnt use this sl