Going With The 60min Flow!!!

[bandlab2]

guys, why dont you give a reason/logic fo saying PH or PL. It will clear some confusion

thanks

 

[senty]

In My scheme of things only C and D are PH!!

RK, but why, why alone C and D? can you explain a bit?

Thanks.

 

[bandlab2]

Bandlab
I didnt get howcome you have two consecutive long trades??

hi komal,

"on nov 19th, buy at 2768, sold at 2636 . loss 132 points
on nov 21st, went long at 2636. no loss no gain
this long trade is now at 2638. very very close to SAR. no profit. trade is still on"

these are the trades

B 2768, S 2636. Loss=132 points

above short is reverse to long at 2636. loss=0

this long is still continuing. now at 2750 . on paper profit 114 points, but SAR is at 2631-room

in each leg i was at more than 100 points in profit but coldnt close because sl/sar was hit

 

[nitinsy]

What do you think guys .. Are A and B pivot high.
C and D are clear pivot high. C+filter didnt trigerred. D+filter get trigerred.
But what do you think should reversal has been made either at A+filter/B+filter or both of them are not valid PH.

PS: Chart attached is of Educomp fut.

As per my understanding, A & B are not pivots. C & D are pivots.

For valid PH, I see if following bars have lower high than potential pivot bar high and lower low than potential pivot high bar

After A, the next two bars have lower high than the A bar BUT the lows of the two bars don't pierce low of bar A. Close is not important, just piercing of lows

Once B is made (higher high than A), bar A becomes invalid PH and now focus shifts to B

After B, the next bar makes lower high BUT does not make lower low

Once C is made (higher high than B), bar B becomes invalid PH and now focus shifts to C

After C, the next two bars have lower high but not lower low. Thereafter the third bar makes lower high (compared to C and not the previous bars) and lower low (again compared to C)

This confirms C as PH

Applying same logic D is also PH

Nitin

 

[beethoven]

If we are short, I would have reversed to long at point A + room. Rest all are wait and watch points.

Bee

 

[bandlab2]

If we are short, I would have reversed to long at point A + room. Rest all are wait and watch points.

Bee

Bee, do you mean to say if aleady short, A would be PH and considered for reversal. if already long, then dont consider A as PH. hmm thats interesting. interpreting same chart differently depending on your current position.

 

[bandlab2]

thanks nitin for the explanation.

 

[kris905]

As per my understanding, A & B are not pivots. C & D are pivots.

For valid PH, I see if following bars have lower high than potential pivot bar high and lower low than potential pivot high bar

After A, the next two bars have lower high than the A bar BUT the lows of the two bars don't pierce low of bar A. Close is not important, just piercing of lows

Once B is made (higher high than A), bar A becomes invalid PH and now focus shifts to B

After B, the next bar makes lower high BUT does not make lower low

Once C is made (higher high than B), bar B becomes invalid PH and now focus shifts to C

After C, the next two bars have lower high but not lower low. Thereafter the third bar makes lower high (compared to C and not the previous bars) and lower low (again compared to C)

This confirms C as PH

Applying same logic D is also PH

Nitin

Thanks a lot Nitin. Very clear explanation!

 

[beethoven]

Bee, do you mean to say if aleady short, A would be PH and considered for reversal. if already long, then dont consider A as PH. hmm thats interesting. interpreting same chart differently depending on your current position.

I see everything from trading perspective. All that I learn here is for trading only. Academic exercise if something is a PH, PL or Pivot is passe for me.

Happy Trading

Bee

 

[Saint]

It has been a pleasant journey....both these threads--the 60min Flow and the Intraday MiniFlow.I have learnt along this journey as much as I have shared.Many of you have derived benefit from these 2 methodologies---if not,at least an idea or two that may come in handy for your trading.

And as they say,all good things must come to an end......and so too these threads.Certain ideas were started off with these threads,they have evolved thanks to the many discussions,hand-holding too for a few months to help the newer trader realtime.....the intention of these 2 threads and its purpose comes to an end.

Keeping the threads open without my active presence is allowing the methodology to disintegrate as mind after mind interprets it and misinterprets it their own way......and that hurts me.Also mischief mongers are allowed to run unbridled and amuck without anyone calling their nonsense as it is.

Closing these threads with immediate effect.

I have requested Rakesh to start 2 new threads,one on Intraday MiniFlow,and the other on 60min Flow to continue the discussions.Let these mother threads be locked and be frozen for those who wish to learn this method.Let the daughter threads under Rakesh continue discussions on an EOD basis(not realtime)for the Intraday MiniFlow daughter thread,and an End of the Week Basis discussions on the 60min Flow daughter thread.I will myself be participating in these threads.

The learning must continue for those of us who are sincere students of the market......signing off from both these threads.It has been a great pleasure interacting with you all.....Wishing you all the very best in your journey to Trading Mastery.May you all see great success and prosperity.

Thanking You...,
Saint