Going With The 60min Flow!!!

[Smart_trade]

Re: 60min Flow Trades for the Week: Saint's Method

ST, i had a query about trade on 15-12..we had a gap up & 11 .00 bar was a sideways but 12.00 tries to go up, but the upmove failed & it comeback braking day's low ..now can the low of 10.00 bar be the pivot low at that time?

the brake down bar doesn't brake filter but if it brake the filter , should we reverse short at that ?

regards & thanx...

vineet

Dear Vineet,

I would prefer 1-2 more sideways bar to visualise that low as PL. Not able to see that as a PL for reversal.

ST

 

[myvineet]

Re: 60min Flow Trades for the Week: Saint's Method

NIFTY TRADES FOR THE WEEK 1-5 DEC 08

[/QUOTE]

[quote="Smart_trade, post: 261843"]Dear Vineet,

I would prefer 1-2 more sideways bar to visualise that low as PL. Not able to see that as a PL for reversal.

ST[/QUOTE]

me too first used to think like that but after i saw rakesh's trade on 5th dec, i think its ok to just reverse after failed move..may be it is a bit aggresive but i think if we consistently do it it gives us early entry..

regards

 

[Smart_trade]

Re: 60min Flow Trades for the Week: Saint's Method

me too first used to think like that but after i saw rakesh's trade on 5th dec, i think its ok to just reverse after failed move..may be it is a bit aggresive but i think if we consistently do it it gives us early entry..

regards

The two cases are not identical,they are different.5th dec it is a clear PL. as 10:00 bar makes a LL,11:00 bar makes a LL then 11:00 bar goes and makes a new high and gives a bullish candle. However,12:00 bar fails to sustain and breaks the PL . ( In my view the PL is 11:00 bar low and not 10:00 bar low as the previous downswing had ended at 11:00 bar low.)

It is not a sideways movement PL.

See the bars in both cases carefully and you will see the difference.

ST

 

[vinst]

Re: 60min Flow Trades for the Week: Saint's Method

Hi Friends,

Thanks a lot to all for posting charts. However, a request here. If possible, can the candles be coloured in such a way that either bullish ones or bearish ones are blank. This will help if we take B&W prints of the posted charts (as I do) for poring over them . Of course I wouldn't want to affect your trades due to this. Also if the background could be white, it helps for printing.

regards,
vin

 

[vinst]

Re: Live discussion Saint's - 60 minute flow

New PL on NF 3063

vin

 

[KomaL2099]

Re: Live discussion Saint's - 60 minute flow

Nifty position reversed

 

[rishig38]

Re: Live discussion Saint's - 60 minute flow

Nifty position reversed

Komal, im assuming it was the tiny PL @ 3072 that you considered, right? IMO, it was not very visual...but either way, I hope you trade works out...as I want it in your direction as well

 

[Muktha]

Re: Live discussion Saint's - 60 minute flow

what is position of LT?

regards

 

[KomaL2099]

Re: Live discussion Saint's - 60 minute flow

Komal, im assuming it was the tiny PL @ 3072 that you considered, right? IMO, it was not very visual...but either way, I hope you trade works out...as I want it in your direction as well

tiny major or minor .. looks like a pivot to me . hence I reversed.

In btw what is IMO ????

 

[bandlab2]

Re: Live discussion Saint's - 60 minute flow

komal, did you reverse at 3057 ? sar now at 3116+filter ?