Going With The 60min Flow!!!

[tanewbie]

Current Position Of NIFTY in thread

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: 2490+20=2510
Profit/Loss in Current Trade = 2395- 2260 = -115 Points

We change our Position to LONG if ABAN Trades above :2510

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

Current Position Of LT in Thread

Position Start Date: 22 -Sept-2008
short Since : 2572
Stop Loss: 2670+15=2685
Profit/Loss in Current Trade = 2685- 2572 = -113 Points

We change our Position to LONG if LT Trades above :2685

 

[nagendra_gb]

[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

Hi All,
Am currently holding October contract and it did not touch 2395. Day low in this contract was 2402. So wht shall i do now ... shall i exit long and go short tomorrow... is there any rule here which am missing.. Seniours please guide me

 

[rkkarnani]

aban TRADE

Hi, Why are taking the high of 1 PM high as PH??? Why not the 11 AM high!!!
The bar pointed out by you did not seem like a valid Pivot!!!!
Can u please explain a bit!!! Had never seriously studied ABan Charts!!! Is it by any chance a 2 bar funda of reversal!!!
Regards
R K Karnani

 

[vvvv]

Hi, Why are taking the high of 1 PM high as PH??? Why not the 11 AM high!!!
The bar pointed out by you did not seem like a valid Pivot!!!!
Can u please explain a bit!!! Had never seriously studied ABan Charts!!! Is it by any chance a 2 bar funda of reversal!!!
Regards
R K Karnani

mee too confuesd...the topmost bar is the pivot high..cudnt understand ur SAR line.

 

[tanewbie]

Hi, Why are taking the high of 1 PM high as PH??? Why not the 11 AM high!!!
The bar pointed out by you did not seem like a valid Pivot!!!!
Can u please explain a bit!!! Had never seriously studied ABan Charts!!! Is it by any chance a 2 bar funda of reversal!!!
Regards
R K Karnani

I hv used 2 bar rule due to sharp decline

 

[rkkarnani]

I hv used 2 bar rule due to sharp decline

Thanx for a prompt responce, I was confused as you called it a PH!!!
Excellent effort by you to help others!!! Please keep it up!!!
Regards
R K Karnani

 

[tanewbie]

mee too confuesd...the topmost bar is the pivot high..cudnt understand ur SAR line.

the red dotted line is 2415 which is a pivot low. SAR at 2415-20
I hv used 2 bar rule for the stop.

 

[tanewbie]

Thanx for a prompt responce, I was confused as you called it a PH!!!
Excellent effort by you to help others!!! Please keep it up!!!
Regards
R K Karnani

My mistake I shd hv used stop only and not PH. PH reamains as the high of the day but stop is 2 bar rule.
Thanks

 

[tanewbie]

is the blue line a valid PL?

 

[rkkarnani]

I hv used 2 bar rule due to sharp decline

Tanewbie, By the same argument, why should we not use the low of 4 PM bar on 19th as SAR for the Longs!!!!