Going With The 60min Flow!!!

[Czar]

I saw but my chart now oct shows me 4178, so confused... since sept chart is gone...

 

[man4urheart]

Current Position Of NIFTY in thread

Position Start Date: 24 -Sept-2008
SHORT Since : 4168
Stop Loss:4134+15 =4149
Profit/Loss in Current Trade = 4168-4149 = 19 Points

We change our Position to LONG if NIFTY Trades above :4149

 

[lvgandhi]

12:30bar is clear PH in 30 min TF. In 60 min TF, it is in the making. Shouls we change SL to new ie 4083+15=4098 now or after completion of 14:00 bar?

 

[Czar]

lv I dont think its a clear pivot, let other give their views...

 

[rkripal]

No i dont think we should use spot value as all trades happen in future data


Regards
Satya

thanks for reply,

i didnt mean to derieve price value from nifty spot. but only wanted to point out that how it would be if we look at spot chart pivot and thn compare tht pivot to future chart and decide a stoploss on the basis of tht pivot(of future).

hope i m clear enough....

kripal

 

[rakeshluthra430]

12:30bar is clear PH in 30 min TF. In 60 min TF, it is in the making. Shouls we change SL to new ie 4083+15=4098 now or after completion of 14:00 bar?

We dont look at 30 min tf under the current situation...and the stops go down to 4098 only after 2pm IF at all they go down.

Rakesh

 

[lvgandhi]

We dont look at 30 min tf under the current situation...and the stops go down to 4098 only after 2pm IF at all they go down.

Rakesh

13:00 low is 4042 and 14:00 low is 4037 as of now. hence there is bright chance that 13:00 bar high will be new PH.

 

[rakeshluthra430]

13:00 low is 4042 and 14:00 low is 4037 as of now. hence there is bright chance that 13:00 bar high will be new PH.

But that still remains a 'chance'. In all likelihood, what you are saying will come true, but then are we in some hurry to lower our stops?? No...we wait till 2 pm.

 

[rishig38]

Shouldn't we have added to our existing shorts after 4181??

 

[lvgandhi]

Can some one who has done adds for NF in the present trade, list it please?