Going With The 60min Flow!!!

[rakeshluthra430]

Current Position Of NIFTY in thread

Position Start Date: 30-Sept-2008
LONG Since : 3904
Stop Loss:3773 - 15 = 3758
Profit/Loss in Current Trade = 3758-3904 = -146 Points

We change our Position to SHORT if NIFTY Trades below :3758

Too quick a move....yes, long now with stops at days low-15

Rakesh

 

[Satyen]

Current Position Of NIFTY in thread

Position Start Date: 30-Sept-2008
LONG Since : 3904
Stop Loss:3773 - 15 = 3758
Profit/Loss in Current Trade = 3758-3904 = -146 Points

We change our Position to SHORT if NIFTY Trades below :3758

Regards
Satya

 

[Czar]

R.Cap long SAR triggered - 1120+11 = 1131

 

[faith]

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[rishig38]

anyone with L&T, JPA, and ABAN charts??

 

[TFL]

Take a look at the 60 minutes chart!!! The 4 PM bar yesterday has a low of 3805, and the high of opening bar today is 3819!!! We cannot term it as a visual gap!!! Moreover in case of a visual gap, todays gap is in the direction of our trade so we wait for a PH to reverse!!! We do not use gap to reverse!!
Gap is used only when we have a continuous trade in our direction for a few days, wrb's in our direction and then a BIG gap in our direction... we consider reversing using the Gap...we also have a PH very much in sight, PH always superseeds any other level of SAR!!!!

Thanks rkkarnani,

Can please explain a bit too about the statement you said.

Gap is used only when we have a continuous trade in our direction for a few days, wrb's in our direction and then a BIG gap in our direction... we consider reversing using the Gap...

 

[ThE HaMmEr]

R.Cap long SAR triggered - 1120+11 = 1131

sl is 1024 ??

 

[senty]

ABAN SAR : 2030, yet to be triggered.

 

[Czar]

Neeraj 1020 was y'days pivot high as per my chart, so +11 = 1131, please confirm...

 

[rkkarnani]

Thanks rkkarnani,

Can please explain a bit too about the statement you said.

Gap is used only when we have a continuous trade in our direction for a few days, wrb's in our direction and then a BIG gap in our direction... we consider reversing using the Gap...

In September we were short from around 8th Sep.... on 18th the mkt opens with a BIG gap down in our direction. (It had gap ed downon 15th but the opening high was not breached) On 18th we reversed our trade above the high of opening 5 minutes bar!!!
In present scenario we were again short for a number of days, had there beena BIG gap down today, we would have gone long above the morning high !!