Going With The 60min Flow!!!

Which Futures do u all trade with real Money?

  • MiniNifty

    Votes: 28 40.6%

  • Nifty

    Votes: 50 72.5%

  • Aban

    Votes: 16 23.2%

  • L&T

    Votes: 18 26.1%

  • Hdil

    Votes: 6 8.7%

  • JP asso

    Votes: 6 8.7%

  • RIL

    Votes: 5 7.2%

  • Relcap

    Votes: 11 15.9%

  • Suzlon

    Votes: 6 8.7%

  • Educomp

    Votes: 8 11.6%
  • Total voters
    69
  • Poll closed .
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M

MINITRADER99

Well-Known Member
#10,004
#10,004
Re: Live discussion Saint's - 60 minute flow

myvineet said:
by no means senior but just want to share my view..

we use gap rule when we we have big WRB in pre, day & then we get big gap in our direction ..at that time we rev on 5 min bar trying to protect our profit
but it doesn't look like here yest is a ranged day even today 5 min bar is within yestesday's LOD
so i will keep my SAR at yest hod
Click to expand...
Thank you Vineet.
No change in position.
Here is the Gap rule.
Gap Rules

Gaps in the direction of the preexisting trend

We are on long trade, day 1,2,3,4.......big moves on the 60 minutes. One WRB after other and trade gets vertical then the market shuts and opens with a big visual gap up. Allow the 1st bar to form, put your stop below that bar and reverse to short when triggered. Same logic applies for short trade

Nothing to be done for all other gaps in the direction of the trend. Once the day progresses and pivots form, the latest pivot low can become the new recent stop and reverse point.

Gaps in the reverse direction of the preexisting trend

Assuming we are on 'Long trade', Preexisting trend is up. Now market open visual gap down. Check if price below the previous pivot low on the 60? If yes, short at the low of the first bar. If no, hold and see if pivots crack. Exit longs and go short. Vice versa for short trades.


Imp: Under each SAR condition we have specific filters so please check the filters table before setting the SAR
 
M

myvineet

Well-Known Member
#10,006
#10,006
Re: Live discussion Saint's - 60 minute flow

oops sorry .its for 20/21 nov 2007...taking it from rakesh's posted charts...
now see WRB at 20 nov & big gap at 21 opening



thanx
 
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