Going With The 60min Flow!!!

[sikandar]

what will b d sl if this ph is made......3872 + 15 ???

Correct me if i am wrong....

If 4pm and 4.30pm bar not breaking high of 4pm bar then we can see.

 

[lvgandhi]

with 30 min chart, we have PH at 3873.7 ie 3874. Hence reversal can be at 3889.

 

[SamFisher]

what is the high of pivot high ??...i think near 4870......

Its about 4873.70, to make it a Lower pivot high nf needs to move below today's low, But looks like its going to break day's low, if so then yes we have a pivot(at last)

 

[rakeshluthra430]

Looks like Rakesh's wish being granted

Still will have to wait till close ...

30 mins in the process of making a PH....high being 3874. The aggressive ones can raise stops to 3874+15 if this pivot is made. Else maintain stops at 3921.

Let me repeat---nothing wrong in NOT following the 30 min....


Rakesh

 

[niftychance]

Its about 4873.70, to make it a Lower pivot high nf needs to move below today's low, But looks like its going to break day's low, if so then yes we have a pivot(at last)

Hello Sam

Nice point about 2morrows open ...

We need not wait till open for getting/deciding on PH, also no need to get new lows for deciding that.

A Pivot High is simply a high with lower highs on both sides ...

Then again some one will say the last bar (4-4:15) is not really a hourly bar, its just 15 mins

Anyway, the next decision Point for us on this method will be 10 AM tomorrow...

So no rush to do anything, the SR remains at 3921

Thanks

 

[rakeshluthra430]

30 mins in the process of making a PH....high being 3874. The aggressive ones can raise stops to 3874+15 if this pivot is made. Else maintain stops at 3921.

Let me repeat---nothing wrong in NOT following the 30 min....


Rakesh

Looks like I spoke too soon.....maintaining stops at 3921.

 

[man4urheart]

Looks like I spoke too soon.....maintaining stops at 3921.

They are Killing the weak stops before the big plunge!

 

[touchraj16]

like to see recent graph friends...

 

[vinst]

30min won't show a PH since this last bar has overtaken 3873. so 3921 (or thereso) should be still SL.

vin

 

[man4urheart]

Re-iterating & Ending the day with

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