60 min Flow in International Commodities.
- Thread starter dnjadeja
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Haribird,
I am not using any filters in Daily charts. You can back test the data given by Neeraj and find an appropriate filter. I have checked only one year data and have found that whipsaws are rare and whenever that occurs it will be more than 120 points so did not think of using any filter. I will take a whipsaw in my stride whenever it comes rather than sacrificing 120 points on each trade plus some other factors which are very obvious in nature while setting the SAR for the day. All rules as per 60 min flow as Saint has said.
Why should intraday miniflow rules be used? I could not understand this question?
Bee
PS: Please note the above is in context of GOLD futures on MCX only not any other commodity.
I am not using any filters in Daily charts. You can back test the data given by Neeraj and find an appropriate filter. I have checked only one year data and have found that whipsaws are rare and whenever that occurs it will be more than 120 points so did not think of using any filter. I will take a whipsaw in my stride whenever it comes rather than sacrificing 120 points on each trade plus some other factors which are very obvious in nature while setting the SAR for the day. All rules as per 60 min flow as Saint has said.
Why should intraday miniflow rules be used? I could not understand this question?
Bee
PS: Please note the above is in context of GOLD futures on MCX only not any other commodity.
Last edited:
Saint,
Just curious to know, why did you not trade commodities all these last few months? Crude and copper crashed like no tomorrow. Some of your posts (in other threads) of 2 to 3 years back say that you have been interested in gold. I always thought you would be trading commodities.
I am very new to trading. I am probably the oldest (agewise) and newest to trading among all our friends here. Till around 9 months back I did not even know what long and short was.
Rishig and later DNJ and Neeraj/Prabh drew my attention to it (commodities). Working like a charm. NIFTY giving so much of trouble as it is range bound.
Copper is very difficult to master but moves around more. Look forward to your views in this area.
Maybe you can start a new thread with your experiments and exploration in commodities. I am sure many would just love it. I, of course, have a very selfish motive of picking your brains and experience. I have probably learned more from you than any one else in my life, on any single subject and am eternally in debt.
Many thanks
Bee
Just curious to know, why did you not trade commodities all these last few months? Crude and copper crashed like no tomorrow. Some of your posts (in other threads) of 2 to 3 years back say that you have been interested in gold. I always thought you would be trading commodities.
I am very new to trading. I am probably the oldest (agewise) and newest to trading among all our friends here. Till around 9 months back I did not even know what long and short was.
Rishig and later DNJ and Neeraj/Prabh drew my attention to it (commodities). Working like a charm. NIFTY giving so much of trouble as it is range bound.
Copper is very difficult to master but moves around more. Look forward to your views in this area.
Maybe you can start a new thread with your experiments and exploration in commodities. I am sure many would just love it. I, of course, have a very selfish motive of picking your brains and experience
. I have probably learned more from you than any one else in my life, on any single subject and am eternally in debt.Many thanks
Bee
Hari, hope the confusion is removed. I am talking about daily chart (one day chart). The SAR is set once only in the morning after seeing the movement till last evening. Then during the day keep monitoring as and when convenient. Playing 60 min on commodities till 11:30 at night, daily, will make you a social pariah and play havoc in your mind in a few days. Take care.
Bee
Bee
saint sir how about trading the pivots.........15 min 30 min for comm.. like gold crude copper nickel etc....dis way intraday money could b made....also not necessary to watchout evrytime for 60 min flow........no time boundation.......its more of a PIVOT trading....
couldnt do dis without u .... ur inputs required....mouthwatering moves of 3-4% in copper.......everyday.....crude too.....even gold....
no 5 min bar 1 hr bar....just pivots...... no1 better den u can develop a system....
hope u will give some of ur inputs on dis...
my 2 bucks....
regards
neeraj
couldnt do dis without u .... ur inputs required....mouthwatering moves of 3-4% in copper.......everyday.....crude too.....even gold....
no 5 min bar 1 hr bar....just pivots...... no1 better den u can develop a system....
hope u will give some of ur inputs on dis...
my 2 bucks....
regards
neeraj
saint sir how about trading the pivots.........15 min 30 min for comm.. like gold crude copper nickel etc....dis way intraday money could b made....also not necessary to watchout evrytime for 60 min flow........no time boundation.......its more of a PIVOT trading....
couldnt do dis without u .... ur inputs required....mouthwatering moves of 3-4% in copper.......everyday.....crude too.....even gold....
no 5 min bar 1 hr bar....just pivots...... no1 better den u can develop a system....
hope u will give some of ur inputs on dis...
my 2 bucks....
regards
neeraj
couldnt do dis without u .... ur inputs required....mouthwatering moves of 3-4% in copper.......everyday.....crude too.....even gold....
no 5 min bar 1 hr bar....just pivots...... no1 better den u can develop a system....
hope u will give some of ur inputs on dis...
my 2 bucks....
regards
neeraj
A good idea. Here I think someone commented that the movement picks up steam when international markets open up. So maybe we can keep an eye out and pick best time (or hours) to play miniflow.
Bee
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