Going With The 60min Flow!!!

[psj]

sorry satya,

too late, still posting if it could be helpful to you.

Hi,

iChart.. is it from ICICI Direct? If so, please let me know how to get it for Nifty.

 

[CoolCool]

LANCO and JP looking good for a continued move up.

ABAN still short.

HDIL stop and reverse point now at 420

Saint

Saint,

May i know why the stock futures such as lanco, JP , Sesa, HDIL are only considered? Other than looking good move in the charts and liquidity, any other factors to be considered to choose for trading? Sorry, i went thro your earlier posts but could not catch the right answer...

 

[trader111]

Saint,
May i know why the stock futures such as lanco, JP , Sesa, HDIL are only considered? Other than looking good move in the charts and liquidity, any other factors to be considered to choose for trading? Sorry, i went thro your earlier posts but could not catch the right answer...

Trying to answer before Saint finds time.

Currently the stocks which are brought up by members are considered, though no hard and fast rules I guess.
Liquidity is certainly a important factors. Illiquid futures are likely to give more violent moves.
Good looking moves on chart can actually be good moves for making profit. Some stocks have a tendency to get dull, remain in a congestion period for long time. Sure we don't want that.
Actually the stocks discussed here show better moves in general. But sure if you have some more for discussion, maybe even long-only trades in cash segment, this method will be of help.

 

[adilsaleem]

Saint,

May i know why the stock futures such as lanco, JP , Sesa, HDIL are only considered? Other than looking good move in the charts and liquidity, any other factors to be considered to choose for trading? Sorry, i went thro your earlier posts but could not catch the right answer...

To me its about volatality. If it has given a net move of 10% in the last one month , it would be a good pick for this system .... imho

 

[alokdaga]

To me its about volatality. If it has given a net move of 10% in the last one month , it would be a good pick for this system .... imho

Definitely makes sense - maybe if coupled with few months of backtest - can give more confidence

 

[rkkarnani]

To me its about volatality. If it has given a net move of 10% in the last one month , it would be a good pick for this system .... imho

Well , What I have gathered from the posts, Saint selects the Stocks which have 'visually clean' charts!!!! No frequent hiccups like sudden big moves and petering out thereafter.

 

[trader111]

Thanks for bringing a much valid point. Yes liquidity (measured from avg. daily volume) alone cannot be attributed to violent spikes.

 

[gkpc]

Dear friend,
Would u kindly tell me how you get the figure 4431 to which you have added 7 to get 4438 for adding position

thank u in advance

with regards

pulimath

Taking the liberty to reply :

4431 was the high of the day, from where market retraced, and when it went up again, adds were initiated at 4431+7=4438!!!
Trust I am correct!!
All the best.

 

[gkpc]

am attatching the IDFC chart .. can i treat the 1 o clock bar of yesterday as pivot and could have gone long ?.. please confirm.

19th August , 1 O'clock bar is by no means a valid Pivot, rather 2 PM bar is a PL!!!
You seem to be confused !!!

 

[rkkarnani]

am attatching the IDFC chart .. can i treat the 1 o clock bar of yesterday as pivot and could have gone long ?.. please confirm.

Nagendra, You need not have 'quoted' Satya message to post your query!!!!
You were talking about IDFC with Nifty Futures Chart visible above!!

You probably meant todays 1 O clock bar, and not yesterdays 1 PM bar!!! Todays 1 PM bar is a valid pivot!!!


Yesterdays , if at all 11 AM bar could be a Pivot and could have been used to go long!!!! However one needs to see historically how a stock behaves in such a system!!!