Going With The 60min Flow!!!

[KomaL2099]

3906 is a pivot both in 15 as well as in 20 minutes TF!!!

Breakdown below 30min tf is not allowed as per the rules.

 

[KomaL2099]

ABAN SAR at 2051.7+20

 

[niftychance]

Nf, sl 3921

 

[rakeshluthra430]

Correct....just to add, that would be IF the low of this current hourly bar is broken by the next bar....not otherwise.

Moving down stops to 3906+15

 

[man4urheart]

Current Position Of NIFTY in thread

Position Start Date: 24 -Sept-2008
SHORT Since : 4168
Stop Loss:3906 + 15 = 3921
Profit/Loss in Current Trade = 4168-3921 = 247 Points

We change our Position to LONG if NIFTY Trades above :3921

 

[niftychance]

GUYS! what is upcomin stoploss in another 20 min following 2 bar rule?

The SL will shift only if we get new lows...

It will be 3889 ..

Thanks

 

[rakeshluthra430]

The SL will shift only if we get new lows...

It will be 3889 ..

Thanks

Lets hope that we get a Pivot High in the next bar or so....havent seen one in a while

And if we do get a PH now.....we get our last Add in the current trade below 3776-7.

 

[niftychance]

Lets hope that we get a Pivot High in the next bar or so....havent seen one in a while

And if we do get a PH now.....we get our last Add in the current trade below 3776-7.

The white candle we are getting now is after 15 black ones ...

Thanks

 

[ThE HaMmEr]

what is d pivot high according to 30 min charts ????

 

[niftychance]

what is d pivot high according to 30 min charts ????

Hello Neeraj

We have to wait for the current bar to close i.e. 3:30 for the previous bar (3861) high to be considered as PH ...

The previous PH on 30 is 3906 ...

Thanks

EDIT: The high (3861) on previous bar taken out so now can't consider it as PH, so PH on 30 will be 3906 ...