Going With The 60min Flow!!!

[rakeshluthra430]

Somehow I am not able to understand why Nifty Futs get into discount or premium compared to spot. When markets are going down...we have a premium....sometimes it shinks, sometimes spreads.

Can anyone explain what is the funda here?

 

[AMITBE]

me 2........as that 30 min pivot is clear........but not strong.........soo more chances of getting whipsawed...........

the beauty of flow lies within 60 mins trades.................



regards

neeraj

You may then want to consider the top of the 60 min bar of 1 PM...the one after the outage...pretty clear pivot too.

 

[SamFisher]

30 min bar of 1.30 PM today.

Why?

Cos the previous 2 bars ago on 30, post the sun outage is a WRB...about 60 points range.

The next 30 bar (after that WRB) is a tired, undecided one, with open about same as close, with slightly longish tails/shadows.

Then comes the 30 bar of 1.30.
Makes a weak attempt to rally, can't even come up to the mid point of that WRB...and closes at it's own low.
So that attempted rally high at 3891, stands out.

Further, the bars following this one are all holding a same kind of range.
So...another narrowish range has been forming.
A break above this range which takes out 3891 will be it for me.
A break below will validate that 1.30 bar even more.

Amit.

Dear Amit
Analysis like these sheds the new light on importance of identifying the right pivots for reversal. So please be with us and guide us thru whenever we decide upon a pivot. This also can greatly simplify our confusion on whether to take a 30 min pivot or not under circumstances. Want to see more of your such posts.

Thank you very much

 

[SamFisher]

I will still stay with pure view. Will turn aggressive only, when nifty covers 200 Points in GAP! or straight moves!
Current Position Of NIFTY in thread

Position Start Date: 03-OCT-2008
SHORT Since : 3848
Stop Loss:3942 + 15 = 3957
Profit/Loss in Current Trade = 3848-3957 = -109 Points

We change our Position to LONG if NIFTY Trades above :3957

I am with you man4urheart, to add to what you said above(highlighted), when my trade is risking more than 200 points I want to get 'Dirty'(impure).

 

[ThE HaMmEr]

You may then want to consider the top of the 60 min bar of 1 PM...the one after the outage...pretty clear pivot too.

amit sir.......visually doesn't sound lyk a pivot from far....d two bars are very close......with highs having a bare diff......

day's high + room is d stop for me......

 

[AMITBE]

Dear Amit
Analysis like these sheds the new light on importance of identifying the right pivots for reversal. So please be with us and guide us thru whenever we decide upon a pivot. This also can greatly simplify our confusion on whether to take a 30 min pivot or not under circumstances. Want to see more of your such posts.

Thank you very much

Thank you Sam for your kind words.

As Saint says, it's about what one sees.

So, the more one sees, the more one sees.

Amit.

 

[TFL]

Members please be here and wait for my post... Its really interesting and I am preparing... will post in atleast 15 minutes.

 

[ARMHM]

booked loss on my first trade

Don't worry. That's part of the game. You will have profit too in a big way.

 

[TFL]

A small tweak from my part.
I have backtested in some of the Saints Sir's charts and seems good.

The only tweak I have did is to the EXIT rule. By this tweak

EXIT WHEN PIVOT HIGH/LOW TREND LINE BREAKS
(Line joining lower pivots for longs and vice versa.)

But should follows as Saint's for all others...Also donot reverse when at Trend line breakouts. Only Exit at trendline breakout and Enter when the real reverse came.

Seniours and my friends...Please post and discuss...if this is valid...
See the charts posted below to see how the system is performing...

Thank you.
Hari.

Thank you.
Hari.

 

[ARMHM]

Be prepared to take some more hits.
Range is shrinking.

Past this when the directional move occurs, ride it all the way....like the non-impurists will do.

I fully agree with you Amit. It is forming a pennant like shape.