Going with the Intraday Mini-Flow!!

[vpsarathy]

We are short. Attention should be for lower PH. If th current or next bar goes below 3289, then 10:45 bar high 3327 will be Lower PH. SAR 3334.

Came down to 3291. Just failed to become a pivot
vps

 

[rishig38]

IMO 3327 is not clear pivot.

agreed as it didnt break the low...SAR stays as is...

 

[nilaish]

Dear Saint,
As per new rules, the rules for stop and reverse are as follows -

" STOP AND REVERSE:All stops are reverse points.....Stops are placed above the high of the first bar in case of shorts,and moved down only if we get a reversal or after 4 bars.There are 2 types of reversals:a)No warning whatsoever,a V Pattern,a fall and a quick rise.No pivots on the 15min charts,take stops if hit.Meaning stop above the first bar high,we have next bar LH-LL,next bar we have a hammer on the 30,still LH-LL,stops still at high of the first bar,take the stops if hit and reverse to longs......b)Usually,reversals happen with a lot of warning signals,the 20,30 and 60 or at least 2 of them fall in line,before the actual reversal happens.Our job is not to get that earliest point,but that point where reversal is obvious.So,a hammer on the 30,accompanied by higher pivot lows on the 15 and a reversal candle on the 60,probably volumes come in handy as well......all in,put together tells us about an impending reversal.And we bring our stops down to that point and reverse to longs.........Other than that,we take it as if the trend continues in the direction of the first bar break till all timeframes come together to warn us of an impending reversal.

All reversals are Rs7 from the reversal bar high/low or pivot high/low"
now in today case, short triggered at 3298 and SAR is 3358. now on 20 min chart, we have a pivot high at 3320. so should we move our sl to 3327 ?
regards
nilaish

 

[lvgandhi]

Dear Saint,
in the present situation should we consider 10:45 bar in 15 min TF in NF as PH

 

[rishig38]

btw, it became a clear pivot on 10min chart...Saint, should we consider it as a pivot or not??

 

[musicjunkie]

Just a random question Saint, but where are you comfortable in saying that your targets for the week have been met? As a % of total capital.

Ignore the question if its too personal,

MJ-

 

[ThE HaMmEr]

dear saint,
in the present situation should we consider 10:45 bar in 15 min tf in nf as ph

lets wait for this 30 min bar to close........

 

[rishig38]

Do we add to our shorts 3280 (3285-5)?

And, do we move our SAR to 3327+7 since, 3327 is a valid pivot on 10min?

 

[lvgandhi]

Now 10:45 bar is clear PH in 15 min TF. SAR 3327+7=3334

 

[Saint]

Originally Posted by rakeshluthra430
Is the 'lower' highlighted in bold above correct? Shouldnt it be higher instead of lower?

If it indeed means lower ph and pl...than, how are we reversing at the high of 60 min candle...unless its the 2 bar high method.

Kindly let me know. Also, I have a few more doubts in the reversal charts posted...but dont want to post here and interrupt the flow.

Pl tell me a better way to share those chart-doubts.

Rakesh.

When the 30min charts put up Lower Highs,Lower Lows,.....simultaneously,the 15min chart is either putting up a Lower High,Lower Low vertical move without pivots.......or a Lower Pivot High and Lower Pivot low.

It shows as one or 2 bearish candles on the 60........if the 60 puts up a bearish candle,followed by a bullish candle that takes out the high of the bearish candle,that is an indication to get long.......Coupled with that,a higher pivot low on the 15 or 30 will give us an indication that a reversal day is upon us.

Saint