Going With The 60min Flow!!!

[man4urheart]

B.2 BAR METHOD:--In a vertical move,where there are no pivots,move stops to the high of 2 bars back in a down move......move stops to the low of 2 bars back in an up move.REVERSAL is Rs20 below/above 2 bars back.

New Stoploss should be 3112-20 = 3092

 

[rishig38]

Unless Saint sir jee says I am wrong, until then I will follow this point mentioned by Saint sir...

REVERSAL POINTS:---

A.VISUALLY OBVIOUS PIVOTS:-Let us talk shorts,as the case is always to talk in terms of longs........Lower Pivot Highs and Lows,visible ones,visually obvious ones,.........every breakdown to new lows is an opportunity to bring stops down to the latest pivot high.Keep doing this till a previous pivot high is broken.A break of that pivot high and we exit all positions---initial +3adds---and enter initial positions long.Very simple.......There are a few amongst us who would say that pivot identification is difficult.It's as simple as it looks.........just focus on 2 things:a.visual b.new lows,then move stops(in most cases).REVERSAL is Rs 15 below the previous pivot low

 

[rishig38]

Current position:

Long in Nifty with 1 add
SAR for Nifty at 3172-15 = 3157


Long in ABAN with 1 add
SAR for ABAN at 888-15 = 873


There is some confusion whether to use the 2 bar method or visually obvious pivot method...I am going with the latter which has a room of -15 instead of 20...

Will need Saint's clarification on this until then I am using 15 for SAR...

Thanks!

 

[rakeshluthra430]

New stoploss should be 3172-20 = 3152

Have we crossed the highs of 3 pm bar??
Sorry if I am wrong...will look at the rules again today. As of now, my stops remain at 3096

Rakesh

 

[man4urheart]

Have we crossed the highs of 3 pm bar??
Sorry if I am wrong...will look at the rules again today. As of now, my stops remain at 3096

Rakesh

we are following 2 bar method if I am not wrong.Thus isn't time to mov stoploss?

 

[rishig38]

Have we crossed the highs of 3 pm bar??
Sorry if I am wrong...will look at the rules again today. As of now, my stops remain at 3096

Rakesh

we are following 2 bar method if I am not wrong.Thus isn't time to mov stoploss?

we all need answers from Saint..he is busy minting money in intraday

 

[rakeshluthra430]

we are following 2 bar method if I am not wrong.Thus isn't time to mov stoploss?

Yes, we are following 2 bar method.
But the stops are moved up IF the current bar takes out the high of last bar...which isnt the case this time. Hence stops dont move up

 

[yashodhan]

I am sorry but not understood SAR of 888 - 15 of Aban. Also, I think room for Aban is 20. Could you help me pl?

Current position:

Long in Nifty with 1 add
SAR for Nifty at 3172-15 = 3157


Long in ABAN with 1 add
SAR for ABAN at 888-15 = 873


There is some confusion whether to use the 2 bar method or visually obvious pivot method...I am going with the latter which has a room of -15 instead of 20...

Will need Saint's clarification on this until then I am using 15 for SAR...

Thanks!

 

[musicjunkie]

Agree with rakesh,
Stops @ 3097

MJ-

 

[rishig38]

I am sorry but not understood SAR of 888 - 15 of Aban. Also, I think room for Aban is 20. Could you help me pl?

Again, Saint Sir will clarify...I got confused when he used 3112-15 instead of 3112-20 on Nifty...

my definitions for pivots are messed up...

if he typed 3112-15 by mistake, then even ABAN would be 888-20...