Last week trades in 60 min flow
Last week trades in 60 min flow
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» Last week trades in 60 min flow
Summary:
Post all 60 min flow trades from previous week and discuss
Thanks, Pattel Sir, Beautiful charts and nicely explained. However I could not understand the trade of Aban on 23rd. Whether it will be Ok to go for add in Nifty over 11oclock topping tail on 27th.
Thanks Pattel, Great Charts as usual….
Regards,
MJ
ASHA SHUKLA 29 Mar 2009, 09:00 -0-700
Thanks, Pattel Sir, Beautiful charts and nicely explained. However I could not understand the trade of Aban on 23rd. Whether it will be Ok to go for add in Nifty over 11oclock topping tail on 27th.
Note to all: Please drop "sir" and call me Pattel. There are only 2 sirs here one Saint and other sir is ST :-).
Asha,
ABAN 23rd is my mistake, there wasn't a short trade there. (you can see MJ's beautiful interpretation and charts on "ABAN 60 min" part 1 thread). You can read my chart with "what to do" and "what not to do". Aban stayed in uptrend all along and break down failure on 25th should have reverted back to original positions EOD. Hope this explains!
On Nifty, If MM permits add there is ok. Reason because add point is above previous PH and at that point we realize that uptrend is intact and our short trigger is false.
Pattel
I think MJ and few others did this trade correctly. Posting ABAN chart to show how it should have been traded(Looks like i created some confusion for few by posting my trades).
This week (week ending 11-04-09) was a short truncated week,we had only 3 trading sessions in this week.But we had a WRB ,gap rule,monster WRB etc all in this week.
Posting Nifty Futures 60 min flow charts for this week.
Best Wishes,
Smart_trade
Dear ST,
I have few confusions.
On 8th, there was huge gap down. After the first bearish Bar, mkts started retracing. Couldn't we consider 5 Min Bar high + Gap Filter for reversing to Longs.
Then there was WRB at 1 PM, which broke previous days lows. Couldn't that be considered for reversal.
Then there was monster WRB (100 pts) at 3 PM which put us in to Longs without any doubt. Obviously SAR for Longs would be at WRB Low - F. Surprisingly SAR remained at Low of 8th throughout 9th. Now after 9th, SAR seems to have moved to Low of WRB of 8th.
How many times, did we get a WRB of 100+ pts in the last 3 mths. I can see one on 7th Jan, 150+ pts.
I seem to have developed a talent to move SAR incorrectly & at wrong times.
Cheers
Narahari
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