Going With The 60min Flow!!!

[tanewbie]

ABAN SAR @2395

 

[tanewbie]

[Current Position Of NIFTY in thread[/U]

Position Start Date: 18 -Sept-2008
Long Since : 3948
Stop Loss: 4145-15=4130
Profit/Loss in Current Trade = 4130-3968 = 162 Points

We change our Position to SHORT if NIFTY Trades below :4130

Current Position Of ABAN in Thread

Position Start Date: 22 -Sept-2008
Short Since : 2395
Stop Loss: 2395-2524=2395
Profit/Loss in Current Trade = 2395- 2260 = - 129 Points

We change our Position to LONG if ABAN Trades above :2524

Current Position Of RELIANCE CAPITAL in Thread

Position Start Date: 16 -Sept-2008
Long since: 1113
Stoploss: 1188-11=1177
Profit/Loss in Current Trade = 64 Points

We change our Position to SHORT if RELIANCE CAPITAL Trades below : 1177

 

[yashodhan]

Aban now short at 2409

 

[Saint]

Great going on ABAN.......but hope you all remembered to shift over to Oct Contracts.

Saint

 

[lvgandhi]

seeing 30min chart can we say new PL is 4216 and hence new SAR is 4201?

 

[niftychance]

seeing 30min chart can we say new PL is 4216 and hence new SAR is 4201?

Why 30?

Thanks

 

[lvgandhi]

Why 30?

Thanks

Because still 15:00 bar in 60min chart is not complete.

 

[Saint]

Nope....no usage for 30min charts as yet.

All as per what is visually obvious on the 60.

Saint

 

[niftychance]

Because still 15:00 bar in 60min chart is not complete.

Well, what I meant is - instead of keep following the 60 mins flow, why do we shift to 30 mins, if the bar is not complete can wait for it to complete, why the rush in shifting SL...

Thanks

 

[lvgandhi]

Though Previous high of 14:00 bar is crossed and we have higher high and higher low at 15:00 bar, with the topping tail bar at 15:00 can we say low of 14:00 as new PL?