Going with the Intraday Mini-Flow!!

[ThE HaMmEr]

Hi neeraj
that is not correct pivot,yet we have to take profit cos day ending

will it not be considered as a minor pivot..........


please explain where am i wrong ???

 

[ThE HaMmEr]

please ne1 can explain dis also ???

the bar preceding has a lower high.....and the bar successing also ahas a lower high.........so shud we nt consider this as a pivot high..............

just for clear picture posting 10 minutes chart.........thou we dont consider it....but pivot seems clear to me on 10....so on 15 also.............

i may b missing sumthing...or sum confusion......

please help me clear my confusion..............

 

[sikandar]

MOST WELCOME FRIEND...

THE PIVOT HIGH ON 15 IS 3639 SO SAR AT 3646

BUT NO TIME LEFT ...



SENIORS PLEASE CORRECT ME IF I AM WRONG...........

PH should be succeeded by 2 lower highs.

 

[ThE HaMmEr]

please explain ....is dis wrong ? ?

 

[ratan jain]

please ne1 can explain dis also ???

the bar preceding has a lower high.....and the bar successing also ahas a lower high.........so shud we nt consider this as a pivot high..............

just for clear picture posting 10 minutes chart.........thou we dont consider it....but pivot seems clear to me on 10....so on 15 also.............

i may b missing sumthing...or sum confusion......

please help me clear my confusion..............

At last
... someone agrees

 

[vpsarathy]

The market was volatile that when NF came down from 3625 to 3595 I exited. Even later it was very volatile, went 3638 down to 3592, twice before going on its journey to 3671. Some of us like me would have flunked today. Thank God Saint was around to help at critical juncture.

Looks like I made 103 points on 2 lots, a very good achievement for a choppy day.

My MM does not allow me to trade more than 2 lots and so I will not exceed these limits. Greed is not my dictionary at all, thanks to the drilling I got from each and every senior. Thanks all seniors.

vps

 

[alokdaga]

At last
... someone agrees

Even my chart shows a pivot in 15 Min - Can some senior guide why this pivot should not be considered? Usually we refer to 15 min if things are reversing and we have nothing in 30 and 20 min. This exactly was the situation today.

 

[ratan jain]

Even my chart shows a pivot in 15 Min - Can some senior guide why this pivot should not be considered? Usually we refer to 15 min if things are reversing and we have nothing in 30 and 20 min. This exactly was the situation today.

Ah, another one

 

[rkkarnani]

Even my chart shows a pivot in 15 Min - Can some senior guide why this pivot should not be considered? Usually we refer to 15 min if things are reversing and we have nothing in 30 and 20 min. This exactly was the situation today.

Hi,
I had enquired about continuing of Shorts to MJ, he had written something about volumes, but my contention was also the same as mentioned by you.....

We go short below the low of 10.30 bar
11 AM Bar : down
11.30 AM Bar : down (comparatively smaller bar)Its 25 minutes bar.
12.30 PM bar : goes down big but closes higher than open and much above
the low.(It is a 20 minutes bar)
We turn to 15 TF chart, at 12.30 we see a big UP bar but No Pivot. We wait.
1.00 PM bar : It is an up bar and closes at the top!!! We are now seeing a
trend reversal in 30 minutes. We move our SAR to High + room
of 1 PMbar. A peek at 15 TF confirms an Up trend in progress.
1.30 PM bar : The body of the bar covers the entire move of 1 PM and closes
below the low of 1 PM bar. A breakdown to down trend again.
2.00 PM Bar : A BIG BIG down bar closing at the bottom!!!
2.30 PM bar : It rises from the low of 2 PM bar and closes at the top, a BIG
up bar not as big as the 2 PM down bar, but nevertheless a BIG
move up! But NO Pivot!!!
We again take a look at the 15 TF chart at 2.30, again an
upmove but no pivot in site!!!
3.00 PM bar : A dozi kind bar, which opened at around 3610 goes down to
3570 and closes at around 3606!! Now when we look at 15 TF
chart we can see a Pivot above the high of 2.30 bar in 15 TF
with high of 3613.80....
Why should we not treat it as a SAR????

 

[Smart_trade]

We definately had a clear pivot on 15 min timeframe. We trade 30 min here and go to 15 or 20 only if the pivot on 30 is not very clearly visible. In todays case,there was no indication of pivot on 30 so we did not reverse at 15 min pivot high break. This is a stop and reverse system so we have to be very careful in reversing on 15 or we will end up reversing too often and too soon.

This is what was in my mind when the mkt was breaking pivot high on 15 min but there was no indication of pivot or sideways movement on 30.

I also had a feeling that we left too much on table today but I am satisfied that we traded as per the system.

Reversing at 15 min pivot looks very logical action now but if we had reversed and had the mkt sold off again,we would have cursed ourselves for reversing without any indication on 30.

This is my reasons for not reversing at 15 min pivots.I am confident that we did a right thing. This is as per my understanding of the system.

I welcome others to share their thoughts,and will be too happy to change my understanding if I am goofing up somewhere.

Best Wishes,

Smart_trade