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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Re: 60min Flow Trades for the Week: Saint's Method
Dear no1lives4ever and bandlab,
This pivot was difficult to locate and identify. Let me explain :
1) 17-12-08 The last bar ,the downmove continues.
2) 18-12-08 10:00 bar small while candle,no significance,bit of upswing starts.
3) 11:00 Bar the high goes above the 10:00 bar So the upswing continues.Gets aborted and closes as a black candle.
4) 12:00 Candle the downmove continues,PL broken,makes a new low.We expect the breakdown to go through. But the market suddenly reverses posting a big white candle,the 11:00 bar high becomes a clear PH above which the flow changes from down to up.
Also a case of PL breakdown failure.
If you could not identify this pivot for reversal,no issues,not wrong at all,you could have reversed at high of previous WRB ( marked as add 1 in chart).
But consider the early reversal you would have cought if you could identify this pivot.
These pivots to trade or not is indivisual call.But they will become clear with bit of practice.
Smart_trade
Dear no1lives4ever and bandlab,
This pivot was difficult to locate and identify. Let me explain :
1) 17-12-08 The last bar ,the downmove continues.
2) 18-12-08 10:00 bar small while candle,no significance,bit of upswing starts.
3) 11:00 Bar the high goes above the 10:00 bar So the upswing continues.Gets aborted and closes as a black candle.
4) 12:00 Candle the downmove continues,PL broken,makes a new low.We expect the breakdown to go through. But the market suddenly reverses posting a big white candle,the 11:00 bar high becomes a clear PH above which the flow changes from down to up.
Also a case of PL breakdown failure.
If you could not identify this pivot for reversal,no issues,not wrong at all,you could have reversed at high of previous WRB ( marked as add 1 in chart).
But consider the early reversal you would have cought if you could identify this pivot.
These pivots to trade or not is indivisual call.But they will become clear with bit of practice.
Smart_trade
Re: 60min Flow Trades for the Week: Saint's Method
So would I be right in assuming that this is yet another example of sideways movement or to be more precice, price is moving around an area after a directional move and looking at moving in either direction?
Also your description makes the decision to make the 11am bar a pivot something that was done while the 12pm bar was being formed. How does one go about trading this kind of a pivot? This is something that is done a lot in the mini flow, and these reversals are the types i have yet to figure out fully :-(
-- no1lives4ever
So would I be right in assuming that this is yet another example of sideways movement or to be more precice, price is moving around an area after a directional move and looking at moving in either direction?
Also your description makes the decision to make the 11am bar a pivot something that was done while the 12pm bar was being formed. How does one go about trading this kind of a pivot? This is something that is done a lot in the mini flow, and these reversals are the types i have yet to figure out fully :-(
-- no1lives4ever
Last edited:
Re: 60min Flow Trades for the Week: Saint's Method
No, it is not another example of sideways movement. To call it sideways movement PH we will require few more sideways bars.
It is a Pivot High, it became PH the moment new low was made.This pivot was broken in 12:00 candle after new low was made.
Whether we trade mini or 60 min flow, the flow principles are all same.Whether to take a trade on this pivot is ,as I said,an indivisual call. And if you dont see it as a pivot,I suggest dont trade this pivot as you will not be confident in taking a trade on this pivot.
Best Wishes,
Smart_trade
No, it is not another example of sideways movement. To call it sideways movement PH we will require few more sideways bars.
It is a Pivot High, it became PH the moment new low was made.This pivot was broken in 12:00 candle after new low was made.
Whether we trade mini or 60 min flow, the flow principles are all same.Whether to take a trade on this pivot is ,as I said,an indivisual call. And if you dont see it as a pivot,I suggest dont trade this pivot as you will not be confident in taking a trade on this pivot.
Best Wishes,
Smart_trade
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