Going With The 60min Flow!!!

[lvgandhi]

Reversed at 3889.

 

[kinkhab]

Dear Saint and all seniors ,

I am new to this forum and try to understand your method 60 min flow. Please explain 2 Bar method and 30 min pivot and in what condition to apply 2 Bar method and / or 30 min pivot method
If possible please explain with some chart example

Thanks specially to Saint and all seniors

 

[ThE HaMmEr]

reversed at 3889.

reversed???? But friend 30 min pivot was not formed.....and our sl remains 4221......

 

[KomaL2099]

Reversed at 3889.

Even going by 30 min charts pivot is not formed

 

[KomaL2099]

 

[psj]

 

[Reji]

Hi PSJ,

Thank you very much for the chart. However, if you could increase the time frame of chart from 2 days to say 5-6 days, it would have been much easier to identify the pivots and one would get an overall picture about the chart. Just my view only.

Regards

Reji

 

[ThE HaMmEr]

The current Emergency Economic Stabilization Act vote tally comes at 207 for the plan, 226 against, with one vote remaining. A total of 218 votes were needed to pass the vote. House members can still change their vote, and as a result the number of yes votes did tick a few points higher.

Democrats voted 141 for, 94 against. Republicans voted 66 for, 132 against.

All three of the major indices hit multi-year lows. At session lows, the Dow, Nasdaq and S&P 500 were down 6.3%, 6.7% and 7.2%, respectively. The major indices currently post massive losses, although they have recovered quite a bit from the knee jerk reaction decline.

NASDAQ 2048.54
-134.8 -6.17%
DJIA 10636.65
-506.48 -4.55%



regards

neeraj

 

[inspire]

A Gap down today, will make the last bar of yesterday our SAR. Also the first 5 mins bar of today assumes significance keeping in mind the intensity of the fall for last 3 sessions. Should we keep the First 5 mins+Filter for SAR or wait for fresh pivot formation.

Inspire.

 

[KomaL2099]

A Gap down today, will make the last bar of yesterday our SAR. Also the first 5 mins bar of today assumes significance keeping in mind the intensity of the fall for last 3 sessions. Should we keep the First 5 mins+Filter for SAR or wait for fresh pivot formation.

Inspire.

No, the first five min bar rule is applied when the Gap opening is against our trade (like Gap up when we are short or Gap Down when we are long) and surpasses our SAR.
The Gap down today will be in our favour hence we shall wait for new pivot high.
However it does not mean that first 5 min high cannot be a valid pivot, if subsequent bar makes lower high and lower lows we shall see a visible pivot on the chart.
Correct me if I am wrong.