Going With The 60min Flow!!!

[vinst]

Taking the high of 3 pm bar.......4267+7. Maybe we get a lower ph before that, so we add at a lower price.

Raising stops to 4170-15.

rakesh,
4267 was 30 min PH. I am not clear why yesterday 60min 3pm bar high should be taken as an 'add' point for NF long.
Can you kindly explain.

regards,
vin

 

[rakeshluthra430]

Rakesh,
I am not clear on what you said about the 'Add' above.
I understand 4267+7 a possible add, but can you elaborate this "Maybe we get a lower ph before that, so we add at a lower price."


Thanks

See..this is how I look at things. Maybe a fault at my end, still trying to rectify it, so that the 'i' and 'me' are done away with.

Coming to your question now...we have 2-3 bars up today morning...if the next bar makes a lower high, we get the current (11 am) bar high as a pivot...which will make it an add point if crossed.

But since this is just an expectation...cant act on it. Plan of action remains the same....just doing a bit of 'scenario analysis' in free time.

 

[Saint]

Thanks Kapil,

Saw the linked reply from Saint.
This is a tad different, as we moved to ABAN shorts in the next series a good 3 days before expiry.

I guess I will plan to change position based on current month.

Thanks again

Amit,

In the week of Expiration,if you get a Reversal,move to the next month's contract......

If you don't get a Reversal,then blah,blah,blah as in other post.....


Saint

 

[rakeshluthra430]

In NSE chart, 4150 is today's low.

Please confirm.

Going by my charts, as this is what I trade actually....not by NSE charts.

However, if there is a small difference (say 2-3 points), then go by the lower of the two. Doesnt make much difference in the long run...so please dont bother about it much. Do what is comfortable to you..but do it consistently.

Rakesh

 

[AMITBE]

Amit,

In the week of Expiration,if you get a Reversal,move to the next month's contract......

If you don't get a Reversal,then blah,blah,blah as in other post.....


Saint

Thanks Saint.

Once moved to next month, use next month charts despite wide spreads and lack of liquidity?

Thanks.

Amit.

 

[SamFisher]

See..this is how I look at things. Maybe a fault at my end, still trying to rectify it, so that the 'i' and 'me' are done away with.

Coming to your question now...we have 2-3 bars up today morning...if the next bar makes a lower high, we get the current (11 am) bar high as a pivot...which will make it an add point if crossed.

But since this is just an expectation...cant act on it. Plan of action remains the same....just doing a bit of 'scenario analysis' in free time.

Ok got it what you are saying is...
"4267+7 is an add point now, but if NF moves down a bit in next one or two bars then moves up crossing the 11 AM bar(which will be a pivot at that time) we will have a better add point."

Thanks for clarifying that..

 

[rkkarnani]

If a reversal is there and there is a huge gulf between the 2 months,exit in the last five mins of Thursday and reenter Friday....

Saint

Saint do we enter(roll over) if the gulf is in our favour!!!!

 

[rakeshluthra430]

rakesh,
4267 was 30 min PH. I am not clear why yesterday 60min 3pm bar high should be taken as an 'add' point for NF long.
Can you kindly explain.

regards,
vin

NO......we are not using 30 min charts for last 2-3 days...

To me, the high of 3 pm bar stood out from the bars around, so thats an add for me. However, if it doesnt to you..you can add what looks more obvious to you.. The good thing here is....our MM will make sure we dont suffer much even if me make an error of judgement.

Rakesh

 

[inspire]

Friends -
The 10am bar 4170 low should be a valid pivot now, right?

regards
inspire

 

[sikandar]

Friends -
The 10am bar 4170 low should be a valid pivot now, right?

regards
inspire

Yes. sar will be 4155