Going With The 60min Flow!!!

[KomaL2099]

Just to inform all that 2855 was a pivot in EOD charts. Hoping for a some good down move from here.

 

[bandlab2]

Just to inform all that 2855 was a pivot in EOD charts. Hoping for a some good down move from here.

which hour bar that ?

 

[bandlab2]

for pivots, do you consider bar high/low or open/close ?

 

[rkkarnani]

[]


Great pattel ..............

Again frineds can we call the 11 AM bars high as a pivot to reverse in 60 min was waiting to post it after market but as pattel posted so posting

Friends i do have great respects to you all not offending any one but i was not agree to go long in the morning but had not courage to post against all that we should still short .... if any one using only pivot then in my view it was not a pivot then but if any one used 2 bar or 30 min and sticked to plan then its great

Just my thought

Regards
Satya

Satya, Would we not consider to use 2 bar reversal even today!! The down move yesterday was almost identicle of the upmove day before , making a perfect 'V'.... even if the 11 AM bar is not to looked at as PH, the SAR would be above the high of yesterdays' 4 PM bars high!!!
Let us not 'question' the rules and get confused just because a move turned out to be false.
Reason for worry is bigger for many because they did not use the reversal yesterday and went short at much lower levels and again had a false move today when they went long.
We should accept it as part of the trading risk..main crieteria should be the end result at the close of November trades!!!
Even the talk about changingthe filter etc. is uncalled for!! So is the apprehension uncalled for for trading Nifty. Check the tick data : AT 2900 in 2 ticks 200200 Nifty were sold!!! The price went from 2903 to 2885 in a jiffy!!!
I have no idea but very strongly feel that 'other swing trading systems' probably gave more loosing trades than this system of Saint!!! I trade another postional system and had stopped trading it since October middle because of the whiplashing I got there but stuck to Saint's Flow method and reaped good profits.


My strong advise : Friends stick with this method and trade with discipline.

 

[Sec 5 (Pyr)]

Exactly what tool/rule did you guys use to NOT go long today?

I have some learning to do.

 

[Satyen]

Thanks Dear RK

Regards
Satya

 

[Satyen]

Satya, Would we not consider to use 2 bar reversal even today!! The down move yesterday was almost identicle of the upmove day before , making a perfect 'V'.... even if the 11 AM bar is not to looked at as PH, the SAR would be above the high of yesterdays' 4 PM bars high!!!
Let us not 'question' the rules and get confused just because a move turned out to be false.
Reason for worry is bigger for many because they did not use the reversal yesterday and went short at much lower levels and again had a false move today when they went long.
We should accept it as part of the trading risk..main crieteria should be the end result at the close of November trades!!!
Even the talk about changingthe filter etc. is uncalled for!! So is the apprehension uncalled for for trading Nifty. Check the tick data : AT 2900 in 2 ticks 200200 Nifty were sold!!! The price went from 2903 to 2885 in a jiffy!!!
I have no idea but very strongly feel that 'other swing trading systems' probably gave more loosing trades than this system of Saint!!! I trade another postional system and had stopped trading it since October middle because of the whiplashing I got there but stuck to Saint's Flow method and reaped good profits.


My strong advise : Friends stick with this method and trade with discipline.

may be we can use 2 bar yesterday and today also .... but what i was saying 11 AM bar today was not a very valid pivot to reverse ( just my thinking)
if any one following 2 bar or 30 min pivot and sticking to it then its great

Regards
Satya

 

[KomaL2099]

for pivots, do you consider bar high/low or open/close ?

Dear friend
I suggest that you go through first few pages of the thread where Saint has told that how this system works and what is it all about.
Many charts are also being posted for better clarity. Later on at page 655,702 and 703 the latest version of rules are also available.
Dont presume that we dont want to help you, whatever I am suggesting is for your own betterment. I am advising you all this because I was once in your stage and want to help you in a true way.
Once you are through with basic understanding we will help you with whatever we know.
Just for now, pivot is defined based on high and low.

Thanks
KomaL

 

[KomaL2099]

Exactly what tool/rule did you guys use to NOT go long today?

I have some learning to do.

Sec5
We were short since yday and our long was triggered today at 2956+15=2971.
Nifty then took our Stop at 2850 and now we are short again.

Inbtw Rakesh,Satya,MJ,NC and all pls check wasnt 2894-2898 consolidation area the pivot. To me it look one and so I reversed my position from there itself.
Will revisit the chart again but request you also to advise me.

Thanks
KomaL

 

[rkkarnani]

may be we can use 2 bar yesterday and today also .... but what i was saying 11 AM bar today was not a very valid pivot to reverse ( just my thinking)
if any one following 2 bar or 30 min pivot and sticking to it then its great

Regards
Satya

Satya, Sticking to it is the operative phrase.
Yes I understood what you were trying to say.. my view is that we are getting more confused becoz the move turned out to be false and more so because of 2 concecutive false trades.
You will agree with me Satya if I say this (Please no offence meant and I probably would do the same in your place): You would not post this chart if the move remained in our direction and was in huge profit. I would also not need to search for a post the 2 bar rule clarification by Saint.

We look at things in a different perspective 'after' the right side of the chart is formed, all we need to practise and follow is to have the 'correct perspective 'before' the right side of the chart is formed.

So you see Satya, I repeat what I very often quote :
Every problem brings an opportunity!!
This problem of confusion about trades yesterday and today has taught us a lesson and we are not going to forget the 2 bars rule in a hurry now!!!
Waiting for Saints end of the Week summary of the trades!!!
Regards
-R K Karnani