Going With The 60min Flow!!!

[Pattel]

Why not ABAN ...

My view for sure. For ABAN i would wait until new lows are made or if the current bar closes below previous bar (not making a new low) I would shift it to HOD+room for SAR

 

[KomaL2099]

My view for sure. For ABAN i would wait until new lows are made or if the current bar closes below previous bar (not making a new low) I would shift it to HOD+room for SAR

there is no such rule while defining pivot high/low that it should breach recent or previous day low/high.

 

[Pattel]

My view for sure. For ABAN i would wait until new lows are made or if the current bar closes below previous bar (not making a new low) I would shift it to HOD+room for SAR

there is no such rule while defining pivot high/low that it should breach recent or previous day low/high.

Oops! I didn't say that's a rule and didn't ask anyone to follow. I made it clear it's my view.

 

[Pattel]

Moving SAR for ABAN to High of the day +room(945)

 

[rakeshluthra430]

Oops..noone posting?

Stops to 2933+15

 

[KomaL2099]

Oops..noone posting?

Stops to 2933+15

Rakesh Sorry to bring this up again and its just my view. Dont feel that I am offending you in any way.
If the 11am bar would not have breached the low of first 5 min bar(2854) I would have waited along with you to move the stop.
I will bring a similar incident from the past .. give me sometime.

Thanks
KomaL
Edit : infact two diff situatrion where we moved and where we didnt.

 

[rakeshluthra430]

Great effort Rakesh,
I have some interesting observation to share with you and others. I took NIFTY data from sep 30 till Nov 11 2008 and did back test twice

1. NIFTY using just pivots
2. NIFTY using pivots with gap rules.

Results are not much different, this is a smaller set of data and planning to extend this for atleast an year.

Just Pivots no gap Rules:
Total no of trades 11
Winning trades 7 Losing 4
Total points made 2447 (or 122350 Rs)

With Gap and Pivots: (considered all gaps)
Total no of trades 16
Winning trades 8 Losing 8
Total points made 2437 (or 121850 Rs)

When we are using gap rules we are killing some big winners but interestingly i didn't see any difference in final output.

I'm not suggesting anything to anyone, just sharing my observations. Comments or criticism all welcome

It would be great if you could post 2 charts..one marked with only Pivot trades and other with Gap trades as well.

That would help me undertstand better. If possible, after mkt hrs.

Thanks,
Rakesh

 

[rakeshluthra430]

Rakesh Sorry to bring this up again and its just my view. Dont feel that I am offending you in any way.
If the 11am bar would not have breached the low of first 5 min bar(2854) I would have waited along with you to move the stop.
I will bring a similar incident from the past .. give me sometime.

Thanks
KomaL
Edit : infact two diff situatrion where we moved and where we didnt.

Oh...its difficult to offend Rakesh..so dont bother on that.

Will wait for your charts....

Rakesh

 

[Pattel]

Oops..noone posting?

Stops to 2933+15

With you Rakesh.

 

[Pattel]

It would be great if you could post 2 charts..one marked with only Pivot trades and other with Gap trades as well.

That would help me undertstand better. If possible, after mkt hrs.

Thanks,
Rakesh

Sure, I will post it this weekend rakesh.