Going With The 60min Flow!!!

[lvgandhi]

Not had the time to go through all posts here.........but am long in NF and ABAN(as some doubts arose about where we are).

Saint

Dear Saint
What is SAR for ABAN?

 

[milind]

I agree actually. What we need are "sharp" pivots, regardless of number of bars, I think.

We could maybe judge that by the candle's shadow length or something, but I'm not clever enough to formulate a new rule like that...

Why sharp pivots? Actually TA theory says that more time chart spends at a given level, stronger it acts as support or resistance.

-- Milind

 

[Sec 5 (Pyr)]

Why sharp pivots? Actually TA theory says that more time chart spends at a given level, stronger it acts as support or resistance.

-- Milind

So, V shape vs. U shape?

That's a very good point actually, I'm not sure at all now that you've mentioned it. I don't know which of the two pullbacks I would give more importance to.

 

[Satyen]

So, V shape vs. U shape?

That's a very good point actually, I'm not sure at all now that you've mentioned it. I don't know which of the two pullbacks I would give more importance to.

even the distance between low and high of "V" shape move is important other wise as you said it will be sideway movement ....

Regards
Satya

 

[AMITBE]

Dunno about SARs but lots of ADDs on the way up if and when that happens, not far apart either.

Few more for impurists and few less for non-impurists, but enough to go around.

 

[gaurav_v]

hello saint
i m new to ur trading system my doubt was same as of moneygurukul but thank u for the answer.as per my observation prices are above 38% retracement so this current rally so this wave should not be a reversal wave. please dont get offended just an observation of a novice trader.

 

[rakeshluthra430]

So, V shape vs. U shape?

That's a very good point actually, I'm not sure at all now that you've mentioned it. I don't know which of the two pullbacks I would give more importance to.

even the distance between low and high of "V" shape move is important other wise as you said it will be sideway movement ....

Regards
Satya

Hope all being discussed is for the 'Pure' method. For the Aggressive...what I know is that all pivots are to be respected.
Distance between lows being less than 15....5 fingers...V U shapes...as if life is not complicated enough already.

Though I may be completely wrong...but that 'wrong' state gives me a chance to be at peace with myself. This doesnt mean I am unwilling to learn...but the learning which has to 'replace' something..has to come with more sound logic or should have a greater force to remove my unsound logics and reasoning.

Posting a chart.....I am not good at words.

Rakesh
ps: Pl let me know if this adds further to the prevailing confusion. Will remove it pronto.

 

[Smart_trade]

hello saint
i m new to ur trading system my doubt was same as of moneygurukul but thank u for the answer.as per my observation prices are above 38% retracement so this current rally so this wave should not be a reversal wave. please dont get offended just an observation of a novice trader.

We dont trade wave structures here,we dont care whether we are in impulse or corrective wave,we trade pivots breaks here.Even the corrective wave was very profitable,was it not ?

Best Wishes,

Smart_trade

 

[nagendra_gb]

Not had the time to go through all posts here.........but am long in NF and ABAN(as some doubts arose about where we are).

Saint

R we still long on nifty please any one reply got bit confused

 

[KomaL2099]

Is it the current position
Long in NIFTY SAR at 3523-15 .. How about ABAN and RCAP
According to me ABAN short triggered at 1183-20 and RCAP long SAR at 807-11
Long in HDIL SAR at 112-2
Can anyone pls Confirm