Going With The 60min Flow!!!

[Smart_trade]

Re: Live discussion Saint's - 60 minute flow

Another quick question.

In miniflow, we move our filters. In the sense that if our long entry level is not hit by a white bar i.e. if it falls short... we raise our entry level over this new white bar high+filter. Right. So we move our filter in miniflow to save ourselves from limp moves.

Do we do the same in 60 min. Or do we just punch in our orders and doze off? <I'd love to doze off >

Yes we do that amit...but in miniflow,we move the filter bar to bar...and in 60 min we move it pivot to pivot.....there is a difference between the two....there are some good posts by Saint ,yours truely,vineet,but must be burried somewhere in mountain of posts....

Smart_trade

 

[jamit_05]

Re: Live discussion Saint's - 60 minute flow

One concept needs clarification.

Was reading the modification bit where Saint talks about when a PH become err... pivotal.

He says "Therefore,the SAR is raised on new highs,……if that new high is not attained,SAR remains where it was." (more @ http://tradersaint.com/forum/t-140743/latest-modifications-to-the-60min-flow-method#post-449063)

Specifically what does he mean by "new high" pls select the correct one from the following options :

a) A subsequent hourly bar should, at the very least, tail over the most recent PH so that we can raise our SAR to this newly formed PL (which will form due to this recent hourly bar).

b) An hourly bar should close over this PH so that we can raise our SAR

c) Prices should go over this PH and form a new and higher PH so that we can raise our SAR.

d) None of the above... (Duh!)

<Well, option C) feels more reassuring to me>

Please provide the correct perspective on this modification.

Thank you.

 

[jamit_05]

Re: Live discussion Saint's - 60 minute flow

Yes we do that amit...but in miniflow,we move the filter bar to bar...and in 60 min we move it pivot to pivot.....there is a difference between the two....there are some good posts by Saint ,yours truely,vineet,but must be burried somewhere in mountain of posts....

Smart_trade

Okay, I get you. If a bunch of bars keep tailing our PH and not reaching our filter and as a result a tad-bit higher PH is formed then we raise our entry/add to this new PH+f.

Nonetheless, we get to doze off for couple of hourly bars... thats good news. I am starting to like it already

 

[Smart_trade]

Re: Another chart.

Okay so each time the swing changes, depicted by an anti-trend bar with a largish body, we consider that as an add oppurtunity. But the problem is the SAR.

If we were to move SAR to this white bar high, then SAR seems very vulnerable compared to other more solid pivots of classic formation involving several bars. I mean, if I was all loaded with adds and were to move SAR to such a feeble place then it may be risky..... what is your opinion on that?

I remember seeing one of Neeraj's chart where he refused to add over a multiple bar pivot high because that wasnt convincing enough. He thought that was just feeble consolidition as opposed to a solid pivot where he would like to move his SAR. Let me see if I can find it again to post it.

Pls provide your views. This subject of pivot has always been subjective/illusive.

That is an indivisual call Amit...some of us are happy to reverse on such agressive pivots which is risky but it gives huge edge by early entries (though it produces some false starts) and some of us want more solid pivots to reverse. Both are successful provided we do stick to that style every time so the disadvantages even out by advantages...

Smart_trade

 

[Smart_trade]

Re: Live discussion Saint's - 60 minute flow

One concept needs clarification.

Was reading the modification bit where Saint talks about when a PH become err... pivotal.

He says "Therefore,the SAR is raised on new highs,……if that new high is not attained,SAR remains where it was." (more @ http://tradersaint.com/forum/t-140743/latest-modifications-to-the-60min-flow-method#post-449063)

Specifically what does he mean by "new high" pls select the correct one from the following options :

a) A subsequent hourly bar should, at the very least, tail over the most recent PH so that we can raise our SAR to this newly formed PL (which will form due to this recent hourly bar).

b) An hourly bar should close over this PH so that we can raise our SAR

c) Prices should go over this PH and form a new and higher PH so that we can raise our SAR.

d) None of the above... (Duh!)

<Well, option C) feels more reassuring to me>

Please provide the correct perspective on this modification.

Thank you.

Option (C) is correct with some modification as under :


Prices should go over this PH (but not high enough to trigger our long entry at PH +f ) and form a new and higher PH so that we can raise our SAR to this PH +f

ST

PS The post of Saint you have quoted is out of context...it is not about trailing filter on pivot to pivot...the post gives a general rule that till new lower low is made the SAR remains where it is (at PH) ....this post has a different reference

 

[jamit_05]

Re: Live discussion Saint's - 60 minute flow

Option (C) is correct with some modification as under :


Prices should go over this PH (but not high enough to trigger our long entry at PH +f ) and form a new and higher PH so that we can raise our SAR to this PH +f

ST

PS The post of Saint you have quoted is out of context...it is not about trailing filter on pivot to pivot...the post gives a general rule that till new PH is made the SAR remains where it is....

A mistake on my part. I shouldve mentioned that the last two questions were both of different line of questioning. First was regarding moving filter and the second was regarding when to raise SAR.

Let me paint a picture instead, which will allow me to frame the question clearly.

Thank you.

 

[jamit_05]

Re: Live discussion Saint's - 60 minute flow

Pls find a better formulation of the pervious question in the image. Sorry for picking your brains ST sir... just some little teething issues.

 

[Smart_trade]

Re: Live discussion Saint's - 60 minute flow

Pls find a better formulation of the pervious question in the image. Sorry for picking your brains ST sir... just some little teething issues.

Immediately after PH1 is taken out by bar 1 ,our add triggers and the SAR is moved to PL1....

ST

 

[myvineet]

Re: Live discussion Saint's - 60 minute flow

Pls find a better formulation of the pervious question in the image. Sorry for picking your brains ST sir... just some little teething issues.

teething problems..??

doesn't we are doing it every day in miniflow ?

vineet

 

[jamit_05]

Re: Live discussion Saint's - 60 minute flow

Immediately after PH1 is taken out by bar 1 ,our add triggers and the SAR is moved to PL1....

ST

A variation of the above.

What if the add did not trigger. The bar1 just managed to touch the PH (or just missed by a margin). Would you still move the SAR to PL1 then, or would you wait for subsequent bars to take out PH1 clearly?