Going With The 60min Flow!!!

ps:I will no more post in this thread,except on weekends......Then,I am going to post here the trades that should have been over the week......And we can then compare notes.

I think this kind of Reversal has been done a couple of times already. I can't remember exactly when.

Hope my memory serves me right.

Inspire, Rk, RH, Pakatil,

I will try and attempt to clear this but Saint is the final authority. On 31.10.2008 morning we had the following scenario playing out:

Scenario 3:You are holding longs and market gaps up visually......Reversal below the frst 5min bar's low with stops at 5min bar's high. If lows trigger by Rs20,exit longs and enter short.Nothing to be done if price gaps up and keeps shooting up.

The above is as per the last rules of saint.

Now the low of the first bar (5 min) was not taken out by next two bars. But now we have a Pivot (not a visual Pivot but a pivot to work on in case of a downturn. The SAR was defined by the low of these bars 2858 15, please note it is no longer 20 but 15 as the first move is already towards the up and this is the down (second) move. BUT we have a pivot to work on. Please go beyond what saint says he cannot explain everything by writing. This lesson of an elongated pivot (pivot constituting many bars) was drilled to us a few days back by Saint.

Now Inspires question as to why we cannot go long above the break of resting bar --- this method is flow method, we already have a SAR ( pivot) in place which is the HOD of the day + room. We do not reverse on break of anything except pivot.

The situation in the morning was different we had to get new PIVOT (SAR point) to latch on to as soon as we can in a gap up scenario where we do not have an apparent PIVOT to start with.

I hope I have tried to convey the idea. Friends, there is no contradiction in what Saint has said till now and yesterdays trade.

In fact it is us who do not extend the argument or the direction Saint has pointed us towards.

Cheers

Bee

Hi,

That was the thing done yesterday.(in bold)No mistake from Saint at all.
Why is the confusion I do not know

Regards.

I have three examples in my view where there was a bigger gap and similar action was not taken!!!! We waited for a Pivot to reverse!!!!
People here are so easy on thanks, that when Saint says : I am not well , and people thank him!!
Yes there is confusion, you just cannot wish it away!!!

Remove your exclamation marks. Your language could be a little more refined. Refined language however is more a matter of nurturing.
Please a little more kind when you put your view forward.

MJ-

As far as rh6996 is concerned I am sure he is a medical case!!!