Going With The 60min Flow!!!
- Thread starter Saint
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Re: 60min Flow Trades for the Week: Saint's Method
I had tried to keep away from classical technical analysis ...... but difficult to explain without it.This is in explanation to the doubts brought up by Komal and others regarding the LT trade.
The Pivot Strategy is unaffected by most Chart Patterns,in fact they aid and abet the trades taken.Let us get into a few.........A triangle after an uptrend is nothing but higher pivot lows and lower pivot highs all bunched together in a short timeframe.We are unaffected as our strategy states that we look at the pivot lows in an uptrend and pivot highs ain a downtrend.The triangle becomes that resting point before Price shoots off in the direction of the preceeding trend.
Same thing with a Pennant......In a wedge,we have higher pivot lows and higher pivot highs,but gradient of pivot highs are lesser than the gradient line of pivot lows,eventually leading to that reversal/collapse.We are again unaffected,as we have higher pivot lows,the cracking of which leads to the downtrend.Easy stuff so far.......Obey the Pivots and Reverse on a Break.
Now the problem comes with the Flag.....Bearish and Bullish Flags......okay,sorry about this abrupt end....More in the next Post!
Saint
I had tried to keep away from classical technical analysis ...... but difficult to explain without it.This is in explanation to the doubts brought up by Komal and others regarding the LT trade.
The Pivot Strategy is unaffected by most Chart Patterns,in fact they aid and abet the trades taken.Let us get into a few.........A triangle after an uptrend is nothing but higher pivot lows and lower pivot highs all bunched together in a short timeframe.We are unaffected as our strategy states that we look at the pivot lows in an uptrend and pivot highs ain a downtrend.The triangle becomes that resting point before Price shoots off in the direction of the preceeding trend.
Same thing with a Pennant......In a wedge,we have higher pivot lows and higher pivot highs,but gradient of pivot highs are lesser than the gradient line of pivot lows,eventually leading to that reversal/collapse.We are again unaffected,as we have higher pivot lows,the cracking of which leads to the downtrend.Easy stuff so far.......Obey the Pivots and Reverse on a Break.
Now the problem comes with the Flag.....Bearish and Bullish Flags......okay,sorry about this abrupt end....More in the next Post!
Saint
Re: 60min Flow Trades for the Week: Saint's Method
Neeraj.h,
We should be careful in trading individual stocks which is having no/high upper or lower circuit limits as for an individual stock can even open(if on reversal days) faa...aaar higher or lower to the opposite of our position. But in most cases we will be in the right flow.
NIFTY F is more diversified so profits may not be matching with individuals, more aggressive ones can go with stocks...
Haribird.
Neeraj.h,
We should be careful in trading individual stocks which is having no/high upper or lower circuit limits as for an individual stock can even open(if on reversal days) faa...aaar higher or lower to the opposite of our position. But in most cases we will be in the right flow.
NIFTY F is more diversified so profits may not be matching with individuals, more aggressive ones can go with stocks...
Haribird.
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