A question about 60 min flow?

#1
hi i was reading the 60 min flow thread and didnt quiet get wat is meant by pivot high/low?does it mean the pivots of the trend or the pivots calculated based on the previous bars OHLC
pls help:confused:
 

VJAY

Well-Known Member
#2
hi i was reading the 60 min flow thread and didnt quiet get wat is meant by pivot high/low?does it mean the pivots of the trend or the pivots calculated based on the previous bars OHLC
pls help:confused:
yes Pivots on the trend.(bars)....not any mathmatical pivots :)
 
#3
ok some more doubts
now in the thread saint says if the previous pivot high is taken out enter long now my doubt is does it jus have to take out the PH or close above the PH+filter(7 pts for nf?)????
 
#4
ok some more doubts
now in the thread saint says if the previous pivot high is taken out enter long now my doubt is does it jus have to take out the PH or close above the PH+filter(7 pts for nf?)????
For going long the market needs to take out the pivot high + filter.

Smart_trade
 
#5
yes but shuld we wait for the candle to close above PH or simply take it out.like now v have 2 scenes.values modified for simplicity

scene 1-previous PH is 5000 and now a candle opens at 4990 and mak a high of5010 and closses at 4999.entry at 5009.

scene 2-previous PH is 5000 and now a candle opens at 4990 and mak a high of5010 and closses at 5008.entry at 5008

filter=7

which one should be valid
 
#6
yes but shuld we wait for the candle to close above PH or simply take it out.like now v have 2 scenes.values modified for simplicity

scene 1-previous PH is 5000 and now a candle opens at 4990 and mak a high of5010 and closses at 4999.entry at 5009.

scene 2-previous PH is 5000 and now a candle opens at 4990 and mak a high of5010 and closses at 5008.entry at 5008

filter=7

which one should be valid
Long trade to be taken at 5000 +7 =5007 assuming filter to be 7 points......irrespective of the closing of the candle in which the trade is triggered.

Smart_trade
 

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