Going With The 60min Flow!!!

[VJAY]

Re: Live discussion Saint's - 60 minute flow

Nope,ST........that rule is if we get a huge move up and a gap up and a bearish candle.

We don't have a gap out of the prev day's range,we don't have bearish first candles,............we hold.

SAR at yesterday's low.

Saint

Sir,
We can not move our SAR lod-f today after 1pm/2pm bar? Is not an sideway move?Please give some info regarding this sar which is still yday low.

Regards
VJAY

 

[rishig38]

Re: Live discussion Saint's - 60 minute flow

ST
Considering My long trigerred today at yday HOD +F , going by EOD reversal rule should I revert back to short at EOD in todays scenario.

PS- Not reverted actually as I did not revert yday, would start using the rule from next cycle. Query is just to understand the rule.

thanks
KomaL

very good question Komal...you took words out of my mouth...it will be a sort of double EOD Reversal...

but anyways, I think lets not complicate things, going with pivots is much easier...for ppl who did not reverse today, they could have possibly used the moving filter today and still be in short position....

so again...it seems right now we are in a heavy congestion zone...BO on either side is needed for a clear entry/exit....

 

[KomaL2099]

Re: Live discussion Saint's - 60 minute flow

Nope,ST........that rule is if we get a huge move up and a gap up and a bearish candle.

We don't have a gap out of the prev day's range,we don't have bearish first candles,............we hold.

SAR at yesterday's low.

Saint

Saint sir
Did you also apply EOD reversal yday.

I agree the gap rule doesnt come into picture today, but no pivots formed today, the previous PL is faraway yday low.
would it be wrong to apply 2 bar rule based on A)the small gap, b)11am bar is a break out bar that broke yday high, C)then we have sideways bar which tried to break out(takeout todays high) but eventually failed.
So now considering the 3 sideways bar as one(do not have proper term to denote them) cant we shift SAR at todays Low.

glad to see you around

thanks
KomaL

 

[Smart_trade]

Re: Live discussion Saint's - 60 minute flow

ST
Considering My long trigerred today at yday HOD +F , going by EOD reversal rule should I revert back to short at EOD in todays scenario.

PS- Not reverted actually as I did not revert yday, would start using the rule from next cycle. Query is just to understand the rule.

thanks
KomaL

Yes Komal, the idea behind EOD reversal is that the pivot on/under which we are reversing if the market is unable to hold at the end, then we reverse to original position. ( It was a PH break today which failed to hold and PL break yesterday which failed to hold.)

This rule has its own share of failures but works most of the time and keeps us out of trouble.

Best Wishes,

ST

 

[niftyrider]

Re: Live discussion Saint's - 60 minute flow

ST
But as komal asked if she was entering fresh long today 1> 5mnts bar high+f or 2> ysrdays high+f, in both conditions long did triggered.

In that case, should the reversal from long to short at eod is correct or not??
Plz frnds do commnts on that.
To make it clear for future trading.

 

[Smart_trade]

Re: Live discussion Saint's - 60 minute flow

ST
But as komal asked if she was entering fresh long today 1> 5mnts bar high+f or 2> ysrdays high+f, in both conditions long did triggered.

In that case, should the reversal from long to short at eod is correct or not??
Plz frnds do commnts on that.
To make it clear for future trading.

Whichever point you reverse at,if not held at the close,we reverse at the end of the day.

This is a tweak I suggest you use after gaining some experience in 60 min method. Going short to long and again reversing the full position to short is very easy in theory,but tough to practice.

Best Wishes,

Smart_trade

 

[Smart_trade]

Re: Live discussion Saint's - 60 minute flow

END OF DAY REVERSAL:

Imagine holding a Long position, initial along with adds. A counter move happens, takes out the pivot lows and puts you out of that trade into a fresh Short position. Now, by the end of that trading day, we should have a closing below the pivots which had put us into that trade. Inability to have a stronger close in our favour would mean that the breakout lacked strength and hence we need to reverse our position back to Longs. And when we use the End of day reversalwe reverse with full positionOriginal as well as Adds which we held before entering this Short Trade. Vice versa for Shorts.

As an example.say we are long 4 lots of Nifty and add 6 more lots on our way. A reversal happens and we enter into Shorts with 3 or 4 lots. Now in case we have an End of Day reversal that daywe will get Long with our original position of 10 lots..behaving as if the Shorts we took that day did not happen at all.


Best Wishes,

Smart_trade

 

[Smart_trade]

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

Dear Seniors,

This is my first post on Traderji, but have been following Saint's Teach a Man to Fish..., Intraday Mini flow..., 60 Minutes...,

I haven't seen GOD but had an opportunity to meet him on this website and his name is SAINT........

When words fall short to express your gratitude two words express it best..... Thank you........
Thank you SAINT..... the GOD of Indian Stock Market.....

The Monk

Thanks for your post The Monk,we all have same feelings for our Saint.

Smart_trade

 

[nebujvs]

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

I dont qualify for "Sir". How about calling me "Da" "Smart_trade Da" . Rhymes well.
Smart_trade

Hi ST Da

What this "Da" means, is it just like "ji" or like brother


sorry very weak in hindi now, but I Feel I need to learn it

Great going :clapping: :clapping:

JV

 

[Smart_trade]

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

Hi ST Da

What this "Da" means, is it just like "ji" or like brother


sorry very weak in hindi now, but I Feel I need to learn it

Great going :clapping: :clapping:

JV

Yes JV,Da in most part of India means Dada or "Elder Brother".

ST