Going With The 60min Flow!!!

[niftytrader2]

Re: Live discussion Saint's - 60 minute flow

And to add to neeraj's query, if remaining LONG was the correct trade, the pivot low would now be 2775.3-f right ?

 

[niftytrader2]

Re: Live discussion Saint's - 60 minute flow

its not becoz gap was in our favour.
Gap rule applies even if gap is in our faovour. But Gap has to be visual.
I do not see todays opening as a GAP UP atleast on my charts.

Pls compare todys small gap with larger gap on Jan 21st, wherein we did not use gap rules.....either we were wrong there, or here

 

[ANBE SHIVAM]

Re: Live discussion Saint's - 60 minute flow

Pls compare todys small gap with larger gap on Jan 21st, wherein we did not use gap rules.....either we were wrong there, or here

nt2 today we did not have VISUAL GAP.that 21 jan gap was in favour of our trade.we are right there & here(not gone short)my views.

 

[ANBE SHIVAM]

Re: Live discussion Saint's - 60 minute flow

 

[KomaL2099]

Re: Live discussion Saint's - 60 minute flow

Pls compare todys small gap with larger gap on Jan 21st, wherein we did not use gap rules.....either we were wrong there, or here

NT2
Gap rule is applied whenever we have a Gap either in Favour or Against our trade. But some conditions has to be fulfilled before GAP Rule is applied.

GAP Against trade: If gap is against the trade GAP rule will be applied ONLY IF it surpasses our SAR.
Suppose we are LONG and we had a GAP down which is well above our SAR. We wont apply Gap rule. SAR remains where it was previous day.

GAP in favour: If gap is in our favour we apply gap rule if there was vertical movement previous day.

On 21st there was a gap down in our favour but previous day ie 20th Jan movement was not vertical.

Today it had been a visual GAP I would have applied GAP rule becoz it was a vertical movement yday.

This is what I follow.Others view may differ.

 

[MINITRADER99]

Re: Live discussion Saint's - 60 minute flow

What was the correct trade ? Those in Feb futures, witnessed increase of discount which may have triggered SAR for some earlier.....

Thanks. Today it was a difficult day to trade. Specially due to larger discount in Feb series my SAR hit much earlier and I am short. Though it is not as per rule best option would have been to EXIT the trade by applying Gap rule and sit idle or do intra day keeping SAR as it is. My views only

 

[KomaL2099]

Re: 60min Flow Trades for the Week: Saint's Method

Saint sir
Is it the way you did in HDIL ?????

 

[Reji]

Re: Live discussion Saint's - 60 minute flow

Hi Saint,

Was it right if we considered today's first five minute bar as a false breakout with respect to the pivot formed on 19th Jan, to go short?

Regards

Reji

 

[KomaL2099]

Re: 60min Flow Trades for the Week: Saint's Method

 

[ThE HaMmEr]

Re: Live discussion Saint's - 60 minute flow

saint sir was applying 2 bars rule correct today......??

i see we have a pivot nearby...and it was respected today........

as per my understanding 2 bar rule is applied when steepish move without pivots with gap ups...and/or WRB's.....but in dis case we have a pivot at 2783 i.e. 12 p.m. bar on 28 jan....

sir please help in this case i haven't traded and learnt live with you.... 2 bar rule confuses me.....if u can take out some time and explain today's case it wud b really helpful....

please sir giv ur input......

i am still long with 2783-f as sl.....

regards

neeraj

still ur reply is awaited saint sir

we all miss ur live posts........


with love and utmost respect

neeraj