Going With The 60min Flow!!!

[sandeep721]

Attached is the chart of Nifty..some one please confirm whether I am right or wrong in understanding this new method??

I think the 2 bar method will not come into play as yet. Still please wait for seniors or SAINT to clarify. As it is current bar is yet to be finished

 

[Saint]

I think the 2 bar method will not come into play as yet. Still please wait for seniors or SAINT to clarify. As it is current bar is yet to be finished

SL now at 3112 -15=3097

Saint

 

[yashodhan]

Saint, according to rules, I think we move our SAR for Nifty to 3171-20 = 3151 ?

Also, for ABAN, should we move the SAR to 888-20 ?

Please confirm...dont want any confusion this time around...

I think Aban SAR shud be 862 - 20 = 842

 

[rishig38]

Only changed rule is ...
Visual Gap and their corresponding SARs.
Now the SARs based on the 5 min bar are not applicable.
I do not know any rules supports your suggested SAR.
SAR to remain at LOD

please refer to Saint's reply...we have a new SAR..we might have another new SAR after completion of this 2pm bar...

 

[rishig38]

Attached is the chart of Nifty..some one please confirm whether I am right or wrong in understanding this new method??

I have a feeling that we should move the Nifty SAR to 3112-20 instead of 3171-20 as it should always be 2 bars behind the current...

But if this current 2 pm bar does not break 3171, then we will move our SAR to 3171-20 at 3:00pm...

SL now at 3112 -15=3097

Saint

Saint ji, shouldn't it be -20 instead of -15 unless you consider 3112 a visually obvious pivot??

 

[sandeep721]

SL now at 3112 -15=3097

Saint

Saint sir,

Sorry to bother you sir but if we are using 2 bar method , shouldn't the filter be 20 according to the new method.

 

[rishig38]

Look at ABAN fly...moving SAR for ABAN to 847 (862-15) now...

 

[rishig38]

Saint sir,

Sorry to bother you sir but if we are using 2 bar method , shouldn't the filter be 20 according to the new method.

Sandeep, I think according to him, 3112 is an obvious pivot (change in trend from that low) and hence, no point in following the 2 bar method...

 

[rakeshluthra430]

Sandeep, I think according to him, 3112 is an obvious pivot (change in trend from that low) and hence, no point in following the 2 bar method...

No Rishi...3112 is not a pivot. its the low of 2 bars back.

Sandeep...2 bars back take us to low of 1 pm bar after completion of 3 pm bar.....
Rakesh

 

[rishig38]

No Rishi...3112 is not a pivot. its the low of 2 bars back.

Sandeep...2 bars back take us to low of 1 pm bar after completion of 3 pm bar.....

Rakesh

Rakesh, then why is Saint sir using -15..

Now, we have a new SAR for Nifty at 3172-15 = 3157...Saint ji, please confirm...