Going With The 60min Flow!!!

[lvgandhi]

Current Position Of NIFTY in thread

Position Start Date: 30-Sept-2008
LONG Since : 3904
Stop Loss:3773 - 15 = 3758
Profit/Loss in Current Trade = 3758-3904 = -146 Points

We change our Position to SHORT if NIFTY Trades below :3758

Dear Saint,
Should we use two bar rule in NF yesterday for SL? If we use then SL becomes 3848-15=3833 because of 13:00bar low. Pl clarify.

 

[musicjunkie]

Dear Saint,
Should we use two bar rule in NF yesterday for SL? If we use then SL becomes 3848-15=3833 because of 13:00bar low. Pl clarify.

we use 2 bar in WRB moves. 13:00 was a WRB, however if we had the next bar identical to the 1300 bar then 2 bar would have been considered.

We are looking for Multiple WRBr's, why? because they just don't give pivots....so we exit at the last 2 bar's low (for longs)

Im sure you already know this, a little confusion comes up now and then
So SL stays at 3758
MJ-

 

[rakeshluthra430]

Dear Saint,
Should we use two bar rule in NF yesterday for SL? If we use then SL becomes 3848-15=3833 because of 13:00bar low. Pl clarify.

LV,
I did that mistake yesterday...actually the mistake was not in using the 2 bar method at start of a trend...but because I was ANTICIPATING the 2 pm bar to be a WRB...after getting a WRB at 1pm.

So...in principle....not using the 2 bar method in the current situation...

Rakesh

 

[milind]

Symbol       Filter   Position    SAR      Add
JPAssociat   2/1      Long        97       116.9
RelCapital   11/6     Long        1024     1187
Suzlon       4/2      Long        137      160.7
Aban         20/10    Long        1855     2117
LT           15/7     Long        2235     ?
Nifty        15/7     Long        3758     3991

This is what I got in my little table. I have updated Add points based on highs yesterday. JPA and Suzlon may have PLs forming, will update SL only after previous high is crossed. Please comment if somethings not right.

-- Milind

 

[rishig38]

I think L&T split today...Can some one post the new SAR level for L&T??

 

[Pattel]

Symbol       Filter   Position    SAR      Add
JPAssociat   2/1      Long        97       116.9
RelCapital   11/6     Long        1024     1187
Suzlon       4/2      Long        137      160.7
Aban         20/10    Long        1855     2117
LT           15/7     Long        2235     ?
Nifty        15/7     Long        3758     3991

This is what I got in my little table. I have updated Add points based on highs yesterday. JPA and Suzlon may have PLs forming, will update SL only after previous high is crossed. Please comment if somethings not right.

-- Milind

REL Cap SAR should be 1047-11=1036

 

[Saint]

Dear Saint,
Should we use two bar rule in NF yesterday for SL? If we use then SL becomes 3848-15=3833 because of 13:00bar low. Pl clarify.

LV,

We need big vertical WRBs like the one at 1pm yesterday,another one or two like that and then probably.

Stops as indicated by a chart by Satya a few pages ago.

Saint

 

[Saint]

we use 2 bar in WRB moves. 13:00 was a WRB, however if we had the next bar identical to the 1300 bar then 2 bar would have been considered.

We are looking for Multiple WRBr's, why? because they just don't give pivots....so we exit at the last 2 bar's low (for longs)

Im sure you already know this, a little confusion comes up now and then
So SL stays at 3758
MJ-

Ah,already answered by MJ.....Thank you,my friend.

Saint

 

[musicjunkie]

I think L&T split today...Can some one post the new SAR level for L&T??

Ahh the split.....careful with the filters now, they will/might proportionately change.

MJ-

 

[milind]

This is what I got in my little table. I have updated Add points based on highs yesterday. JPA and Suzlon may have PLs forming, will update SL only after previous high is crossed. Please comment if somethings not right.

-- Milind[/QUOTE]

Suzlon has had a rally. Moving SL to 151 - filter (4) = 147. This stock is not being tracked on this thread, its from my personal list.

-- Milind