Going With The 60min Flow!!!
- Thread starter Saint
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- Tags 60 minute discussion flow method nifty futures saint
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lets get down as simple as we can ..
Just tell me what will you do if on monday market open above 2868+15=2883.
Will you apply Gap rule of first 5min high+20 or not. Or for you SAR stands at 2932+15.
In more simple terms the straightforward question is What is current SAR 2932+15 OR 2868+15 OR shall we decide it when market opens on monday.
Just tell me what will you do if on monday market open above 2868+15=2883.
Will you apply Gap rule of first 5min high+20 or not. Or for you SAR stands at 2932+15.
In more simple terms the straightforward question is What is current SAR 2932+15 OR 2868+15 OR shall we decide it when market opens on monday.
Satya, U have given tremendous effort to clear things about a Pivot. But Komal seems to be asking about our action today (14th Nov) !
What would be our action if 4 PM bar went upto 2893, or any level breaching the high of 3 PM bar + room.... would we go long! Your answer is no as seems from your posts. But for a sideways move if we need 3 bars or more concecutively than you are correct , otherwise we would be going long above 3 PM high. Just trying to see the chart from a distance : After 11 AM the price has tried to cross 2868 but failed in all the bars there after...12 Noon bar high 2868(retraces to 2805), 1 PM bar high 2846(retraces to 2788), 2 PM bar high 2867(retraces to 2771), 3 PM bar high 2868(retraces to 2770) we have lower lows in all these bars where as all bars fail to cross the high...now if the 4 PM bar crossed this hurdle with a room (filter) why should we wait for tomorrow?
I may be erring by differentiating between the situation at 10 and 11 AM bars and the above mentioned bars but thats the way I see things. At 10 and 11 only two bars are involved and one of them is just 5 minutes bar.
Please post your views on the scenario once again, does not matter if you still feel that we wait till Monday. We are all in learning process still.
What would be our action if 4 PM bar went upto 2893, or any level breaching the high of 3 PM bar + room.... would we go long! Your answer is no as seems from your posts. But for a sideways move if we need 3 bars or more concecutively than you are correct , otherwise we would be going long above 3 PM high. Just trying to see the chart from a distance : After 11 AM the price has tried to cross 2868 but failed in all the bars there after...12 Noon bar high 2868(retraces to 2805), 1 PM bar high 2846(retraces to 2788), 2 PM bar high 2867(retraces to 2771), 3 PM bar high 2868(retraces to 2770) we have lower lows in all these bars where as all bars fail to cross the high...now if the 4 PM bar crossed this hurdle with a room (filter) why should we wait for tomorrow?
I may be erring by differentiating between the situation at 10 and 11 AM bars and the above mentioned bars but thats the way I see things. At 10 and 11 only two bars are involved and one of them is just 5 minutes bar.
Please post your views on the scenario once again, does not matter if you still feel that we wait till Monday. We are all in learning process still.
Thanks for the wonderful discussion & perspective..... Really a lot of value to the Thread.........
If the high of 3:30pm bar had taken high of the congestion between (12pm and 3pm) + room , I would have taken the SAR on Friday itself.......
In my view the congestion between 12pm and 3pm on Friday does indeed make me alert. Till 2pm I am complacent and waiting for the orig SAR to be taken out. .... However the 3pm bar makes me sit up and have a look at things...... (Especially the price arrest at 2869 thrice).... So after the completion of 3pm bar my SAR moved down to 2869+room......
Of course , now this is past........
Going forward Gap (in our view) will have to be managed
regards
Inspire.
Hi Komal,
Seems you have been bitten by this 60 min bug badly, like me, haha. I have been away for three days courtesy my internet provider and was feeling like "fish out of water".
Have not gone thru all posts but your post and the chart above by Satya.
Let me try to reply;
1. I presume you guys are short.
2. The SAR according to me is now at 2868 area.
3. If we gap up to above 2868+15 area then we do not have a SAR point. All our actions are based on finding a SAR asap. So Gap rules come into picture.
4. Now if there is a severe gap down say 100 points or so then also watch out for reversal at 5 min + 20 as we had a downturn for some time now and price down move may be exhausted and looking for a reversal. If minor gap down then wait for a pivot to form.
Hope I have replied. Pl let me know if my logic is flawed in anyway.
Happy trading
Bee
Seems you have been bitten by this 60 min bug badly, like me, haha. I have been away for three days courtesy my internet provider and was feeling like "fish out of water".
Have not gone thru all posts but your post and the chart above by Satya.
Let me try to reply;
1. I presume you guys are short.
2. The SAR according to me is now at 2868 area.
3. If we gap up to above 2868+15 area then we do not have a SAR point. All our actions are based on finding a SAR asap. So Gap rules come into picture.
4. Now if there is a severe gap down say 100 points or so then also watch out for reversal at 5 min + 20 as we had a downturn for some time now and price down move may be exhausted and looking for a reversal. If minor gap down then wait for a pivot to form.
Hope I have replied. Pl let me know if my logic is flawed in anyway.
Happy trading
Bee
Last edited:
ok will wait for monday................again may or may not update my SAR at right time it was all about pivot discusion not who is right or wrong
Thanks for all the discusion C u on monday
Regards
Satya
Honelstly I didnt started the discussion to bring to books who is right or wrong.
The sole purpose of whole exercise is to see things clearly and in better way.
I am extremely sorry if I have hurt you or anyone .. didnt mean it.
Thanks
KomaL
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