Going with the Intraday Mini-Flow!!

[rkkarnani]

Saint, how can you say it is clear as daylight when the 11:45am - 12:00pm bar did not break the lows of the 11:30am-11:45pm bar of 3290...so how 3227 could be considered a pivot high at 12:00pm??

Remember reading somewhere by Saint(words are mine) : Pivot may not be a single bar, it can be multiple bars!!!! Here consider 10.45 and 11 AM bars jointly as a PH, the higher of the two's level would be SAR, now see whether the bar still on the right have broken the lows...peek into 15 minutes charts!!!

 

[niftychance]

Saint, how can you say it is clear as daylight when the 10:45am - 11:00pm bar did not break the lows of the 10:30am-10:45pm bar of 3290...so how 3227 could be considered a pivot high at 11:00pm??

Hello

Can you please switch to 20 Mins Time Frame and checkout, it is clear

Thanks

 

[ThE HaMmEr]

Saint, how can you say it is clear as daylight when the 10:45am - 11:00am bar did not break the lows of the 10:30am-10:45am bar of 3290...so how 3227 could be considered a pivot high at 11:00am??

20 MIN

30 MIN


CLEAR PIVOTS ON ABOVE

TAKE A LOOK......


REGARDS

NEERAJ

 

[rishig38]

Hello

Can you please switch to 20 Mins Time Frame and checkout, it is clear

Thanks

I do not have 20min charts...but I know why you can consider it as a pivot using the 20 min...but if one uses 15 min chart, it was not a clear pivot atleast at 11:00pm...correct?

And, when jace said that is not a clear pivot, that was said around 11:00am, and at that time pivot was not formed...please correct me if I am wrong...

 

[vpsarathy]

Saint,

If the current bar makes a new low can we consider bars 1,2,4 and 5 for 4 bar method and shift SL?

Will this also apply when we have 4 successive bars with lower lows and one of them is a green bar while the rest are red?

vps

 

[beethoven]

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

Saint, it is the posts like these that give us lots of insight. Rules laid down by you are fine and understood to a very large extent. Some drive towards simplification is also ok but I am not in favour of such drive. As we go along we have to evolve and such posts are necessary and required for us to learn and imbibe. Market is not simple, it is complex, so to earn money we have to work hard -- simplification is not the way but evolution is -- it will take time but then who is in a hurry. Trading is a profession for life - we do not have to retire ever. Market will be there for ever. Cheers

 

[rishig38]

Remember reading somewhere by Saint(words are mine) : Pivot may not be a single bar, it can be multiple bars!!!! Here consider 10.45 and 11 AM bars jointly as a PH, the higher of the two's level would be SAR, now see whether the bar still on the right have broken the lows...peek into 15 minutes charts!!!

This makes perfect sense...Thanks RK...just confirmed my beliefs...

 

[rishig38]

Do we move our stops to 3295+7 now or wait till 12pm?

 

[lvgandhi]

Saint,

If the current bar makes a new low can we consider bars 1,2,4 and 5 for 4 bar method and shift SL?

Will this also apply when we have 4 successive bars with lower lows and one of them is a green bar while the rest are red?

vps

Already because 15 min PH, our SAR is there 3327+7=3334

 

[musicjunkie]

Saint,
Did you move HDIL SAR to 15min pivots yet?

MJ-