Going With The 60min Flow!!!

[vinst]

Hi All

Regards
Satya

it has worked. Sikandar, satya, RK, thanks

vin

 

[musicjunkie]

Hello members,
Summary of the short trade if done properly. Unfortunately I got stopped out 3 times with a loss before the short at 4575 was initiated. The fear of another whipsaw can be dangerous. I entered late stopped out with a small LOSS, yep a loss, but i don't really mind now.
If the system was traded as per rules this should have somewhat been our actions.Correct me if wrong.
Shorts entered at 4575 ,
add@4551
Add@4501
Add@ 4441
Add @ 4463
Average entry 4506
Exit 4404
Profit : 102*5 = 510 points.

Would be nice to see Satya or Saint post their August trades once September starts.
MJ

 

[milkyblack]

Most welcome,my friend.....

Your reversal short is at 4588-15=4573.Stop at 4654+15=4669 (diff.of 96 pts)
Add 1 at 4487-7=4480.Avg entry now at 4526.5.Stop at 4563+15=4578(diff. of 52 pts,equivalent to -104 if hit).
Add 2 at 4451-7=4444,avg entry at 4499.Stop at 4502+15=4517(diff.of 18pts,equivalent to -54pts if hit.

If we get a further move down,that figure slowly comes into the positive.If not,......well,we take it as part of trading and following our Plan.The adds become sweet when you get a super directional move either way.Since we don't know which move is going to be that big move,and we do not want to commit that crime of second guessing,and predicting and all that..........we take 'em all.

Take the stops if triggerred and revert back to longs.The stop now stands at 4517.

Saint

A fabulous explanation to adds! Great one Saint!

Thanks as always

Regards

 

[man4urheart]

Summarizing Current Position Of Thread

Long Since : 4404
StopLoss: 4331 - 15 = 4316
Profit/Loss in Current Trade = 4404-4316 = -73 Points

We change our Position to SHORT if NIFTY Trades below :4316

Anybody who wants to join the thread(Team trading the flow), now is the time to Join!, when we reverse the position!

 

[rishig38]

I have been following Nifty Spot to trade futures till now..(dont know if that is such a good idea but it gives me some idea of the trend, not to exit or enter too quickly..)
Below is the chart for Nifty Spot, and the trend line still seems intact..do you think I should still go short? (FYI...I added more shorts to my position and my stop loss of 4404 hit as well)..

Any recommendations on how should I read this particular chart and trade accordingly?

 

[nickispain]

A fabulous explanation to adds! Great one Saint!

Thanks as always

Regards

I read a concern regarding the profits being reduced to loss due to adding....consider using pyramid to overcome that.

 

[rishig38]

I read a concern regarding the profits being reduced to loss due to adding....consider using pyramid to overcome that.

What is pyramid?

 

[musicjunkie]

Pyramid is reducing the size of your adds compared to initial position size.
Example , Long with 600 shares then add with 500 then 200, then 100. Like a pyramid, wide base narrow as you go on top.
PS I like Saint's way of adding

 

[man4urheart]

I think to be more simple

Start with Nifty and later add with MINI - NIFTY!

 

[Prabhjeet]

I think to be more simple

Start with Nifty and later add with MINI - NIFTY!

It would complicate the matters, believe me