Going With The 60min Flow!!!

[SamFisher]

Pivot high into making.............

Hope its the pivot high not the pivot low

 

[man4urheart]

Pivot in making...Hold your stoploss !

 

[niftychance]

The 11am bar didnt quite look like a wrb to me..so not doing it as of now.
But now looking at 30 min charts to give a reversal point.

Pivot in making...Hold your stoploss !

for me No obvious reversal point , if we have to move the SL down has to be HoD + 20 ...

Thanks

 

[rakeshluthra430]

for me No obvious reversal point , if we have to move the SL down has to be HoD + 20 ...

Thanks

You've hit the nail on the head...thats what I have done. Also booked some profits at 3456, though strictky against the flow of things.
Not posting as not as per pure system

 

[AmritaBasu]

So far as I know we are to go long once 3671 is taken out

 

[ThE HaMmEr]

so far as i know we are to go long once 3671 is taken out

its 3671 + 15 = 3686

3686 our sar for now.......

 

[milind]

NF(Pure and Aggr.)---->Stop at 3671 + room

Rakesh,as per your question via PM,we need the 60min to drop and continue dropping and then a monster gap down,and the first bar must be a decent to wide range bullish bar........if all these criteria not met,rules as usual and how we always deal with it.

ABAN------>We are up 1000 points just on initial positions,if you include in all 6 positions,a few thousands.........Stop loss at 1357.

HDIL------>Till it pivots,stop loss still at 143 +room

RELCAP---->Same here....till pivots,stops at 1040 + room

JPA------->Stop at 104.5 + room

All the best!
Saint

Saint,

Could you clarify if the SLs need to move to HOD for those after the vertical down move, followed by reversal?

-- Milind

 

[man4urheart]

Current Position Of NIFTY in thread

Position Start Date: 03-OCT-2008
SHORT Since : 3848
Stop Loss:3671 + 15 = 3686
Profit/Loss in Current Trade = 3848-3686= 162 Points

We change our Position to LONG if NIFTY Trades above :3686

 

[SamFisher]

Just for your info,
I have exited all my positions, As I will have to go out and can not be infront of the computer, I will re-enter later time.
Good luck

 

[Saint]

Stop loss on NF where it is----3671 + room----we need a few sideways bars here or mild pullback from here to declare this high as a lower pivot high.

Not yet.......nothing to be done as of now.

Saint