Going With The 60min Flow!!!

[musicjunkie]

I trust that the 2oclock bar isn't a pivot.....SAR still at Day's high

MJ-

 

[tomdickpary]

i can go short now in nifty fu .

 

[myvineet]

i can go short now in nifty fu .

no tom ..wait for a fresh trade....

 

[KomaL2099]

Thanks Komal, I didnt know this....I guess will revisit the changed rules and backtest them again....

But still not sure about the stops for Long trade if that was triggered today. You mean, had we broken the 5 min highs, our stops would have been at the first 5 min lows, instead of the last pivot??

Thanks again,
Rakesh

yups .. thats the newest rule .. if long would have been triggered today SAR for that long would have been low-20 unless a pivot would have formed.
I will confirm again post market.

 

[KomaL2099]

no tom ..wait for a fresh trade....

Vineet any particular reason for this .. any harm in taking trade now.
Just want to learn your view.
Becoz I think that nifty price and SAR both are above our short entry level , if risk managfement permits there is no harm in taking it.
Even I would have said no if nifty would have been trading below our entry price.

 

[myvineet]

Vineet any particular reason for this .. any harm in taking trade now.
Just want to learn your view.
Becoz I think that nifty price and SAR both are above our short entry level , if risk managfement permits there is no harm in taking it.
Even I would have said no if nifty would have been trading below our entry price.

Komal at that time price is lower then our entry so i said that ...

 

[vinst]

NF short trade, SAR is still 3045+15

regards,
vin

 

[KomaL2099]

Komal at that time price is lower then our entry so i said that ...

I am short since yday ..
Anyways if thats the case according to you its OK.

 

[musicjunkie]

NF short trade, SAR is still 3045+15

regards,
vin

Agreed, anyone else who thinks otherwise?

MJ-

 

[rkkarnani]

Do we consider 3 PM bar as WRB and go long above its high + filter? It negates the almost the entire days down move.