Re: 60min Flow Trades for the Week: Saint's Method
sir i meant we could enter the trade but on week closing exit and enter original position....
sir looking at gold charts we wud hav just waited for the pivot break to return back to original position...
thank u sir for ur very nice explanation.......will be awaiting for ur reply to add more on dis......
sir i have 1 more query.....at few places i hav seen that in case of a gap .. when we use first 5 min bar + f to take a position...
in dis case what shud b the ideal stops.... at the previous pivot ??? or eg we r short we shud take high of 5 min bar as reversal same day....?
confused wid this.....coz gng thru 60 min flow thread..i found at sum places u hav used 1 case sum places the other....
and i am saying byee to nifty...and hii to stocks.....did sum backtesting....nd got what shud bn done....guys stocks trend much much better den nifty....lots of gaps up and down in nifty.....movement also ranged sumtimes...but stocks keeep firingg........
compare aban this week ... compare jp.....in aban only 1 trade dis whole week...while nifty was rangebound....
Need examples,Neeraj.....there are lots of ifs and buts.....
and i am saying byee to nifty...and hii to stocks.....did sum backtesting....nd got what shud bn done....guys stocks trend much much better den nifty....lots of gaps up and down in nifty.....movement also ranged sumtimes...but stocks keeep firingg........
compare aban this week ... compare jp.....in aban only 1 trade dis whole week...while nifty was rangebound....
and i am saying byee to nifty...and hii to stocks.....did sum backtesting....nd got what shud bn done....guys stocks trend much much better den nifty....lots of gaps up and down in nifty.....movement also ranged sumtimes...but stocks keeep firingg........
compare aban this week ... compare jp.....in aban only 1 trade dis whole week...while nifty was rangebound....
I agree there are many whipsaws in nifty .. but I have been following a strategy which has kept me immune at many situations ..
What I do is .. ... If in Miniflow a converse trade with respect to my trade triggers which generally comes at first 5 min h+f/L-f... I take it .. if during the course my SAR is hit I take reverse position .. if not I switch to my original position either when SAR in miniflow is hit or at the time when miniflow advises to book profit or at a comfortable level ..
Those not trading in miniflow for them it can be helpful ..
else the best way is to trade miniflow if you can afford to devote time.
I agree there are many whipsaws in nifty .. but I have been following a strategy which has kept me immune at many situations ..
What I do is .. ... If in Miniflow a converse trade with respect to my trade triggers which generally comes at first 5 min h+f/L-f... I take it .. if during the course my SAR is hit I take reverse position .. if not I switch to my original position either when SAR in miniflow is hit or at the time when miniflow advises to book profit or at a comfortable level ..
Those not trading in miniflow for them it can be helpful ..
else the best way is to trade miniflow if you can afford to devote time.
Well technically SAR should be at friday's 3 pm bar low less filter. People can put SAR at 1 pm bar low or friday's low as per their comfort level.
Bee