Going With The 60min Flow!!!

[Prabhjeet]

All the stock futures I am tracking are still short. Usually at least some reverse before NF does.

-- Milind

Makes me think that our filter for Nifty is looking inadequate for handling current volatility or may be Nifty is getting too choppy to trade itself

 

[Prabhjeet]

Hope our reversal is in line with Saint today

Guys plz. try to be a little independent, Saint will hate to see that we need confirmation on every reversal. In my opinion he has distanced himself so that we can make some decisions ourselves

 

[niksan]

I went short on NF yesterday and carrying the position today. It seems like Nifty is taking a support at 2900. Should I exit and go long? what would be your call?

Thanks

 

[alokdaga]

I went short on NF yesterday and carrying the position today. It seems like Nifty is taking a support at 2900. Should I exit and go long? what would be your call?

Thanks

Follow the rules mentioned in the forum !

 

[Prabhjeet]

My god, look at the long topping tail on 60 min. charts and we have entered long at this candle. I will move my stops to low of candle at 1 pm

 

[milind]

Makes me think that our filter for Nifty is looking inadequate for handling current volatility or may be Nifty is getting too choppy to trade itself

If market is going to do sideways at hourly level with amplitude of 300 points are so 60m flow will get choppy. I wish this flow was easily programmable so that you can easily test out the filters and other parameters. But identification of pivots the way we do is impossible programmatically (at least so far)

 

[rakeshluthra430]

Makes me think that our filter for Nifty is looking inadequate for handling current volatility or may be Nifty is getting too choppy to trade itself

But no one knows when it will start trending again...so we continue. But yes, getting into Stock Futs would be an advantage.

As for Filter space...increasing it to 20 or 25 may help us 1 or 2 times...but the advantage evens out once we get trending moves...and miss those 5-10 points.

But good thoughts friend....always with a thinking cap on.

 

[KomaL2099]

Guys plz. try to be a little independent, Saint will hate to see that we need confirmation on every reversal. In my opinion he has distanced himself so that we can make some decisions ourselves

Not waiting for his confirmation .. already reversed my position .... was just hoping that havent done any mistakes as did on last two ocassions.

 

[Prabhjeet]

Looks like the Kind of Failed Breakouts that Saint mentioned few days ago, I even asked Saint how to recognize these breakouts but somehow Saint could not remember it.

I think the episode of Kanchan is now taking its toll on this thread

 

[Prabhjeet]

Not waiting for his confirmation .. already reversed my position .... was just hoping that havent done any mistakes as did on last two ocassions.

I will wait for 2894 - 15 before getting out of longs