Going With The 60min Flow!!!

[sidrox]

i want to know if i do a short sell in the equity market can i carry forward my short position to the next day...and how many days can i carry forward this position for...pls help me regarding this!!!!

 

[Satyen]

Goodmorning Team!

Current Position Of NIFTY in thread

Position Start Date: 03-OCT-2008
SHORT Since : 3848
Stop Loss:3671 + 15 = 3686
Profit/Loss in Current Trade = 3848-3686= 162 Points

We change our Position to LONG if NIFTY Trades above :3686

GOOD MORNING ALL

Regards
Satya

 

[nagakiran]

Hi satya,

I remember some days that we moved stops to HOD+filter on gap down in favor of our flow.
can you please post the scenarios when we need to move stops to HOD..

 

[Satyen]

Hi satya,

I remember some days that we moved stops to HOD+filter on gap down in favor of our flow.
can you please post the scenarios when we need to move stops to HOD..

Yes this was my initial doubt today but it seems it is not a panic GAP so giving it more room to form another lower pivot high to move stop ....


Regards
Satya

 

[AmritaBasu]

sar at 3680 ?? pls guide if i identified correctly

 

[rakeshluthra430]

Yes this was my initial doubt today but it seems it is not a panic GAP so giving it more room to form another lower pivot high to move stop ....


Regards
Satya

Correct...even I had this doubt and had PMed Saint about it. But that was because I was expecting a gap to 3300 odd levels of Nifty. Had we opened around those levels..then yes, HHOD+20. However, in this open...I would be happy to maintain stops at y'days 5pm high+15.

Rakesh

 

[alokdaga]

Correct...even I had this doubt and had PMed Saint about it. But that was because I was expecting a gap to 3300 odd levels of Nifty. Had we opened around those levels..then yes, HHOD+20. However, in this open...I would be happy to maintain stops at y'days 5pm high+15.

Rakesh

Rakesh - If we would have opened at 3300 levels then we would have used HOD as reversal because of some rule in terms of target or any other reason??

Regards

Alok

 

[AmritaBasu]

i think i get pivots and stops now. THANK YOU SO MUCH MUKTHA FOR THE PDF

 

[vinst]

Hi satya,

I remember some days that we moved stops to HOD+filter on gap down in favor of our flow.
can you please post the scenarios when we need to move stops to HOD..

Perhaps for that we need to wait till 12 pm bar?

vin

 

[rakeshluthra430]

Rakesh - If we would have opened at 3300 levels then we would have used HOD as reversal because of some rule in terms of target or any other reason??

Regards

Alok

No...we dont have any targets in this system. 3300 odd was only an indication of a panic opening. Too big a gap on charts and too much unprotected profits.

BTW...depending on how this hourly bar closes, I am going to employ the 2 bar rule. But not as of now...just contemplating, anticipating, but not acting. Act only on confirmation.

Rakesh