Going With The 60min Flow!!!

Satyen · #**1071** 29th July 2008, 03:41 PM

hi All, Pivots we have today

dear RK,MB waiting your reply

Regards
Satya

vinst · #**1072** 29th July 2008, 04:42 PM

Quote:

Originally Posted by satya_pinku2003

hi All, Pivots we have today

dear RK,MB waiting your reply

Regards
Satya

satya,
There seems to be another loophole in the chart posted for today. The first bar shown on your chart is actually a 5 min bar (9:55 to 10am). This is the way these charts are shown. the next bars really are 60min bar. So 12:00 bar should not be a pivot at all.
perhaps, everyday, the first bar is a 5 min bar if chart is chosen for bar duration more than 5 min (e.g., 15min, 30min etc).

regards,
vin

Satyen · #**1073** 29th July 2008, 05:01 PM

yes we dont have a Pivot it may be flag ... yes you are right first bar may be the 5min bar

Regards
Satya

milkyblack · #**1074** 29th July 2008, 05:03 PM

Quote:

Originally Posted by Saint

All fine here,my friends.........though was a few metres from the Madiwala blast site.

Hopefully this is it........and not lead up to something bigger.

Thanks all ....

Saint

Good to hear Saint, that all fine at your end

Sorry could not be in touch with the forum... from Friday... will be back shortly

hopefully!!!

Regards

Satyen · #**1075** 29th July 2008, 05:05 PM

Great MB will be waiting your posts

rkkarnani · #**1076** 29th July 2008, 06:45 PM

Quote:

Originally Posted by satya_pinku2003

yes we dont have a Pivot it may be flag ... yes you are right first bar may be the 5min bar

Regards
Satya

In an hourly chart the first bar is always a 5 minute bar!!!!!

lalpar · #**1077** 29th July 2008, 06:57 PM

Quote:

Originally Posted by rkkarnani

In an hourly chart the first bar is always a 5 minute bar!!!!!

can anybody tell me what is a BAR..I never heard of this in the docs I read from Saint..

Regards
Lalith

rkkarnani · #**1078** 29th July 2008, 07:14 PM

Quote:

Originally Posted by lalpar

can anybody tell me what is a BAR..I never heard of this in the docs I read from Saint..

Regards
Lalith

Hi, you can chart the prices in any form like a line, a candle , a bar etc....
It tells everything just like a candle about the rates/prices....

A bar is the individual line that you see in the chart posted by Satya has a protrusion on the right and another on the left. The Left protrusion indicates the Opening rate of that line (bar), the right protrusion indicates the closing price and the top indicates the high and the borttom the low of the BAR (Line)

slah04 · #**1079** 29th July 2008, 07:37 PM

Quote:

Originally Posted by rkkarnani

Taking the liberty to answer!!! The 60 min. time frame is too big for intraday trading, try to use lower time frame with same rules to trade intraday!!!!
Say 5 minutes time frame and use pivots.... the room given for a new trade would differ!!! The basic rules shall remain same, some minor adjustments shall be required and the same maybe stock specific!!! Do eyeball a few charts in lower time frame of 5/10/15 minutes and see which time frame is most suitable!!

Thks for the advice.

rgds

trader27 · #**1080** 29th July 2008, 09:05 PM

Hi friends i m new to world of charts.This is my 1st attempt to read charts.I have been reading this thread for some time now.I wanted to confirm if i was reading the levels correctly.My query is about LITL,according to this method the short was triggered below 360.5(+ a bit) levels,jul 24th 13:00:00 candle.I m short at those levels on paper.Now the stop for that short stand at 341,jul 29 11:00:00 candle.I want to confirm these levels.I would request seniors to pls help and confirm those levels.