Going With The 60min Flow!!!
- Thread starter Saint
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- Tags 60 minute discussion flow method nifty futures saint
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Re: Questions from juniors on"Going with 60minute flow"
Hi Friends! I might sound very silly by asking this question but need to clear my doubt…
In the above chart posted by Saint the stop/reverse point is marked by an arrow(Black line).Should the candle preceding the marked one not have lower high and lower low to classify it as a Pivot.I don’t see that candle having lower low than the marked one.I m missing something.Can someone pls. tell me how was that candle selected?? If Saint would have not posted that chart I would have kept the stop/reverse point at the line marked with blue line.
Hi Friends! I might sound very silly by asking this question but need to clear my doubt…
In the above chart posted by Saint the stop/reverse point is marked by an arrow(Black line).Should the candle preceding the marked one not have lower high and lower low to classify it as a Pivot.I don’t see that candle having lower low than the marked one.I m missing something.Can someone pls. tell me how was that candle selected?? If Saint would have not posted that chart I would have kept the stop/reverse point at the line marked with blue line.
Last edited:
Re: Questions from juniors on"Going with 60minute flow"
Hi Friends! I might sound very silly by asking this question but need to clear my doubt
In the above chart posted by Saint the stop/reverse point is marked by an arrow(Black line).Should the candle preceding the marked one not have lower high and lower low to classify it as a Pivot.I dont see that candle having lower low than the marked one.I m missing something.Can someone pls. tell me how was that candle selected?? If Saint would have not posted that chart I would have kept the stop/reverse point at the line marked with blue line.
In my view trader27 it is not necessary to have a lower low in this case, only higher high than the candles on both sides should suffice to form a pivot
Hi Friends! I might sound very silly by asking this question but need to clear my doubt
In the above chart posted by Saint the stop/reverse point is marked by an arrow(Black line).Should the candle preceding the marked one not have lower high and lower low to classify it as a Pivot.I dont see that candle having lower low than the marked one.I m missing something.Can someone pls. tell me how was that candle selected?? If Saint would have not posted that chart I would have kept the stop/reverse point at the line marked with blue line.
Re: Questions from juniors on"Going with 60minute flow"
Hi Friends! I might sound very silly by asking this question but need to clear my doubt…
In the above chart posted by Saint the stop/reverse point is marked by an arrow(Black line).Should the candle preceding the marked one not have lower high and lower low to classify it as a Pivot.I don’t see that candle having lower low than the marked one.I m missing something.Can someone pls. tell me how was that candle selected?? If Saint would have not posted that chart I would have kept the stop/reverse point at the line marked with blue line.
Hi Trader27,
I totally agree with Prabhjeet that for defining pivot high only the high on both sides of PH need to be lower than PH . The lows may or may not be lower (in candlestick terms engulfing/harami candles are ok.)
Best Wishes,
Smart_trade
Hi Friends! I might sound very silly by asking this question but need to clear my doubt…
In the above chart posted by Saint the stop/reverse point is marked by an arrow(Black line).Should the candle preceding the marked one not have lower high and lower low to classify it as a Pivot.I don’t see that candle having lower low than the marked one.I m missing something.Can someone pls. tell me how was that candle selected?? If Saint would have not posted that chart I would have kept the stop/reverse point at the line marked with blue line.
I totally agree with Prabhjeet that for defining pivot high only the high on both sides of PH need to be lower than PH . The lows may or may not be lower (in candlestick terms engulfing/harami candles are ok.)
Best Wishes,
Smart_trade
Re: Questions from juniors on"Going with 60minute flow"
Smart_trade
"Only the high on both sides of PH need to be lower than PH . The lows may or may not be lower (in candlestick terms engulfing/harami candles are ok.)"
Saint said in his "teach a man to fish"that Pivot is the middle finger when you face the palm, high being higher and low also being higher than those on either side.
What u say seems to be contradiction or is it that my understanding is incorrect. Pl correct me if I am wrong
vps
Smart_trade
"Only the high on both sides of PH need to be lower than PH . The lows may or may not be lower (in candlestick terms engulfing/harami candles are ok.)"
Saint said in his "teach a man to fish"that Pivot is the middle finger when you face the palm, high being higher and low also being higher than those on either side.
What u say seems to be contradiction or is it that my understanding is incorrect. Pl correct me if I am wrong
vps
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