Going With The 60min Flow!!!

[Satyen]

As we had no pivot nearby in early yesterday,the reversal was at the low of
2:00 bar (of 10/11/08) on 2 bars rule so the level was at 3078-20=3058 which cracked putting us in short position in 11:00 bar yesterday.with HH,HL on 10/11/08. We have to strike a balance between reversing to2 bars rule was certainly a tool to use particularly after we had 8 bars of 60 min o early on a tiny pivot if any and strictly waiting for clear 60 min pivot and saying no to 2 bar rule unless you have a WRB,steep rise etc etc.

In a V shaped reversal,not using a 2 bar rule and waiting only for 60 min pivot is a financial "harakiri".

Best Wishes,trade well !!!

Smart_trade

Thanks ST though only use pivots but getting ideas to use 2 bar


Regards
Satya

 

[KomaL2099]

Sept IIP numbers today .. mkt expectation 3.2%. Aug was 1.3%

 

[milind]

Sept IIP numbers today .. mkt expectation 3.2%. Aug was 1.3%

what time?

 

[KomaL2099]

around 1200 hrs

 

[KomaL2099]

LT near SAR 878+10

 

[KomaL2099]

Hope we will get a new PH at 2956

 

[rakeshluthra430]

Hope we will get a new PH at 2956

..eagerly waiting for the current Hourly to close for confirming this. And I hope everyone Added today at 2882-7.

Rakesh

 

[sikandar]

Hi
Can any body summarise nov trades till date in NF.

 

[rakeshluthra430]

..eagerly waiting for the current Hourly to close for confirming this. And I hope everyone Added today at 2882-7.

Rakesh

Stops move down to 2956+15 now.

 

[KomaL2099]

moving SAR
NIFTY 2956+15
HDIL 117+2
ABAN is LONG SAR now 941-20
RCAP 649+11
LT same 878+10
RELIANCE 1201 + room (pls tell me whats the filter used in RIL. Waiting since yday)