Going With The 60min Flow!!!

[milkyblack]

Re: Going with the 60min Flow!!

Last pivot low cracked,and you are short at 5106 as of May 20th.......we even got a gap down to 5036,what do we do now?Profits off the table?Nope......Absolutely nothing.Our stop remains at 5168.We watch a bullish move negating that gap down,all the way back to our entry and more to the high of 5146.We remain short...........in this case the downtrend continued.If 5168 was taken out,we go long.

We are now at 4884......and our stop is at 5047.A V-shaped recovery here that crosses 5047 now will finally give us abt 60 pts for all our troubles.........but that's how this game goes.V-shaped recoveries don't happen every time.......and usually before the next move up,we will be able to bring stops down as another lower pivot high is made.

Saint

Well again a thanks to you!
But you mentioned a few posts earlier that if NF crosses 4914(+10pts room) then one can be long!
Why? Was yesterdays 60min pivot high consideres? But u say it is 5047

Bothering you too much Saint

Regards

 

[milkyblack]

Re: Going with the 60min Flow!!

A matter of preferance,MB.......some like the 2min,some the 5 min,some the 15min......there is no exact answer except that you have to check them out and find what works for you.And yes,you could take the 60min for perspective.



Once again,stating what works best for me..........trading the NF 60 up and down is not my cup of tea.......Those gaps up and down give us some yummy intraday trades though.

Saint

Thanks for the explanation Saint

Regards

 

[milkyblack]

Re: Going with the 60min Flow!!

Ah MB then it was a mistake to go long at that fake pivot high and very next day stop hit as discused in other thread .... Amit if u can post a chart then it will be great

regards
Satya

Yes you are right! Got to learn many things ... in this market! Thanks to Saint for teaching us and clearing our doubts !

Regards

 

[milkyblack]

Re: Going with the 60min Flow!!

Hi Amit,

No charts from your end......but I think I know what you are looking at.

Shall talk abt it later....abt 2 different types of pivots.

Saint

Eagerly waiting to learn the different types of Pivot...

Regards

 

[Satyen]

Re: Going with the 60min Flow!!

Eagerly waiting to learn the different types of Pivot...

Regards

yes me too

MB , Saint todays high is the new pivot as we break yesterdays low

Regards
Satya

 

[nagendra_gb]

Re: Going with the 60min Flow!!

Is it better time to go short with todays high as stop loss ?

Thanks,
Nagendra

 

[Saint]

Re: Going with the 60min Flow!!

Thanks for your guidance...generally try to get 70% out at 1:3 r/r and the rest trail sl. May lose out overall my missing out the few BIG trades....but psychologically at peace by doing this mistake.

Saint, if you dont mind, please answer the 'Chakravyuh' question whenever you get time.

http://www.traderji.com/equities/21903-going-60min-flow-2.html

Thanks,
Rakesh

Shall do,Rakesh........soon!

Saint

 

[Saint]

Re: Going with the 60min Flow!!

Sesa and Aban Shorts yet to reverse.......Holding both.

Once we get an entry,adding one more to the 2...JP Assoc

Will be following these 3 up and down....

Saint

 

[Saint]

Re: Going with the 60min Flow!!

yes me too

MB , Saint todays high is the new pivot as we break yesterdays low

Regards
Satya

Yep,Satya...

Saint

 

[Saint]

Re: Going With The 60min Flow!!

Reverted SESA to long above 4070

That was +115 pts on 2 contracts on the short side.....

Saint