Going With The 60min Flow!!!

[man4urheart]

Goodmorning Team!

PURE Current Position Of NIFTY in thread

Position Start Date: 08-OCT-2008
Long Since : 3534
Stop Loss:3280 - 15 = 3265
Profit/Loss in Current Trade = 3534-3265= -269

We change our Position to SHORT if NIFTY Trades below :3265

 

[Saint]

Dear Saint

Attempt to make art into science..that is a problem of being an engineer. trying to put everything into systems

First of all I am not a disbeliever in the pivot system oops again system let us call it method.. If you remember I was one of first to come up with a Metastock code for pivots on a EOD chart in the early daysBy the way everything about TA is vague and subjective and I do work with TA.

Also I have clearly mentioned an AFL for ASSISTING the 60 min flow trader..

Reducing the whipsaws ..that is the next step..

Unfortunately I have a very bad habitI dont give up easilyLet me see where it will take me.. Whatever it is, It will not be an attempt to investigate and finally hang the methodrather an attempt to make science enhance the art..

Warm regards

And a great relief to know that,my friend........looking fwd to your efforts.If anyone can do it,that would be you.You have already a great Eye as I had mentioned many years back,and plus your engineering skills,.....well something that could assist us is always a huge plus.

Great going,my friend..........any attempt to enhance anything is great stuff.Looking fwd to it as always.Meanwhile,all the rules in one place as I vomit all I know may come in handy for you.

Saint

 

[KomaL2099]

NIFTY SAR at 3455.1-15 ... Gap rule applies

 

[Sec 5 (Pyr)]

You are right, the move of third bar breaching the high of 1 bar makes the 2 bar a pivot.
But some people say 'It does not have to breach the first bar, but an some kind of rally is required' I am also not sure what extent the 3rd bar should move up.
Anyone?

Hi Smart_Trade in my veiw the 3rd bar should at least rally towards high then it will become a pivot low just my veiw

The 3rd bar going higher would make the PL a much stronger one as discussed a few pages earlier.

HOWEVER, the 3rd not even having enough momentum to cross the 2nd bar's high is a sign that the PL may be getting breached in the first place. Even if it is a "minor" pivot.

And yes, I know we don't predict things like that in the 6MF, but I'm just saying there may be some merit to taking both strong and weak pivots.

 

[Saint]

Dear Sir,

I have a request...

Lets change the Names for both the methods...

Lets call the Pure Method as Classical ...

Thanks

Yes,you are right.........Everyone,aggressive and classical,seem to want the name Pure and remain aggressive.

Saint

 

[rishig38]

NIFTY SAR at 3455.1-15 ... Gap rule applies

is that correct??

 

[psj]

the high of third bar actually qualifies the second bar as pivot.

Thanks.

Please refer the chart below (actual from Yesterday's case).

The highs of 2nd and 3rd bar are different by one point. that means 3666 and 3667. Is this make that 3620 as NO PIVOT?

 

[man4urheart]

NO GAP Rule. Gap has to below our stoploss!

 

[KomaL2099]

Goodmorning Team!

PURE Current Position Of NIFTY in thread

Position Start Date: 08-OCT-2008
Long Since : 3534
Stop Loss:3280 - 15 = 3265
Profit/Loss in Current Trade = 3534-3265= -269

We change our Position to SHORT if NIFTY Trades below :3265

Why are you not considering the low of lat bar on 13th ie 3510 as pivot.
And as Pure I am long since 3424 since 13th and not 3534 as mentioned by you.
Am I on a different boat ????
Please Clarify.

 

[vinst]

Yes,you are right.........Everyone,aggressive and classical,seem to want the name Pure and remain aggressive.

Saint

Saint,

Hehehe, you have caught the nerve.
and why not ! Doctors always do that !!

vin