Going With The 60min Flow!!!

[myvineet]

Taking the charts from October 2005 to now,looking for an uptrend that rallied and then gapped up and formed a first bar bearish candle or a downtrend that continued in its decline and gapped down and put up the first bar bullish candle...........Note the various criteria above.

DEC 12th 2005:Short below the first bar's low-20......did not trigger.

JAN 4th,2006 :Fulfilled everything except that first opening bar.....does not qualify.

6th Feb 2006:An example

JAN 11TH 2007:A Gap down after a downtrend and clear cut decline the previous day and setting up that big WRB covering that gap.Long over that bar.

APR 26th,2007: Does not qualify as the above pattern.....we would have still shorted below that 5min bar because the next bar was another sideways narrow range bar.

Same as Apr 30th......does not qualify because of that first opening bar.Pivots would have got us our reversals.

11th May 2007:Another example.

25th MAY 2007:Another one.

13th July 2007:Once again does not qualify because of the first bar.

9th Aug 2007:Once again does not qualify but the next 2 sideways bars give you a pivot to short the breakdown.

10th Aug 2007:Once again does not qualify....next few bars give a pivot to reverse again.

2nd Nov 2007:Another example.

8th Nov 2007:Again does not qualify,downtrend fine,opening bar bullish,but not a decline the previous day(by decline,I mean LH-LL 5 bars on a trot or maybe 1-2 huge bars before prev day's close,etc)

9th Nov 2007:Another example.....but we have a pivot confirmation as well.

19th Feb 2008:Again does not qualify.Uptrend yes.Prev day not HL-HH rally.And a doji type opening bar.

12th March 2008

23rd July 2008:Qualifies.Gets stopped out...........and by the way,it really should not be such a big deal when a stop is hit.No reason to rave and rant that we have had to reverse twice etc etc......

6th Aug 2008

16th Sept 2008

19th Sept 2008:Qualifies.SAR hit on the same day.........

16th Oct 2008:Qualifies.Reversal happens.Topping tail and breakdown.SAR again.And then one more time over the topping tail................ actually the people who make the pounds won't mind the pennies lost,but what to say about those whose attentions are to the pennies.

TODAY:Shorts below the first bar low



All the best!
Saint

Just amazed to see the hard work you do to put the logic in our head .u searched 4 years data just to shows us examples for a rule what you know & use very well..no words can describe my emotions at this time ....totally speechless ...

thanx GOD for giving us Saint..

regards

 

[KomaL2099]

Thanx Komal!

Saint

My pleasure!!!!
Good to see you back !!!!

 

[faith]

Taking the charts from October 2005 to now,looking for an uptrend that rallied and then gapped up and formed a first bar bearish candle or a downtrend that continued in its decline and gapped down and put up the first bar bullish candle...........Note the various criteria above.


19th Feb 2008:Again does not qualify.Uptrend yes.Prev day not HL-HH rally.And a doji type opening bar.

12th March 2008

23rd July 2008:Qualifies.Gets stopped out...........and by the way,it really should not be such a big deal when a stop is hit.No reason to rave and rant that we have had to reverse twice etc etc......

6th Aug 2008

16th Sept 2008

19th Sept 2008:Qualifies.SAR hit on the same day.........

16th Oct 2008:Qualifies.Reversal happens.Topping tail and breakdown.SAR again.And then one more time over the topping tail................ actually the people who make the pounds won't mind the pennies lost,but what to say about those whose attentions are to the pennies.

TODAY:Shorts below the first bar low



All the best!
Saint

I have data from 1.1.2008 so posting some charts

regards
faith

19th Feb 2008:Again does not qualify.Uptrend yes.Prev day not HL-HH rally.And a doji type opening bar.

 

[faith]

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12th March 2008

 

[faith]

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23rd July 2008:Qualifies.Gets stopped out...........and by the way,it really should not be such a big deal when a stop is hit.No reason to rave and rant that we have had to reverse twice etc etc......

 

[faith]

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6th Aug 2008

 

[faith]

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16th Sept 2008

 

[nagakiran]

I have data only from 2008 beginning. so, uploaded the corresponding charts of the following dates given as an example to visualize when to apply gap rule by saint sir.

Thanks saint for giving these wonderful examples so that we can clearly grasp this.

Taking the charts from October 2005 to now,looking for an uptrend that rallied and then gapped up and formed a first bar bearish candle or a downtrend that continued in its decline and gapped down and put up the first bar bullish candle...........Note the various criteria above.

19th Feb 2008:Again does not qualify.Uptrend yes.Prev day not HL-HH rally.And a doji type opening bar.

12th March 2008

23rd July 2008:Qualifies.Gets stopped out...........and by the way,it really should not be such a big deal when a stop is hit.No reason to rave and rant that we have had to reverse twice etc etc......

6th Aug 2008

All the best!
Saint[/QUOTE]

 

[faith]

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19th Sept 2008:Qualifies.SAR hit on the same day.........

 

[faith]

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16th Oct 2008:Qualifies.Reversal happens.Topping tail and breakdown.SAR again.And then one more time over the topping tail................ actually the people who make the pounds won't mind the pennies lost,but what to say about those whose attentions are to the pennies.