Going With The 60min Flow!!!

[Saint]

Saint somebody remarked you are a Doc too, hope that you have not put the APPLES away

No more a Doctor now........just a Trader now.

Saint

 

[Satyen]

ah....there is.Think your data comes in with the 5min added to the first 30min.And using bar charts will show no gap as the gap got covered.

But there is an opening gap....

Saint

Music even i dont see a GAP on chart in ichart think some problem with icharts.....


Now our new Stop

Regards
Satya

 

[Saint]

nice move in ABAN ......Bring stops down to 2329+room...

Saint

 

[musicjunkie]

Yeah Satya
Icharts sometimes is unreliable

 

[rkripal]

Music even i dont see a GAP on chart in ichart think some problem with icharts.....


Now our new Stop

Regards
Satya

Hi satya,

difficult for a noob like me to see a pivot there...
can you explain how it qualified as a pivot...

kripal

 

[Satyen]

Hi satya,

difficult for a noob like me to see a pivot there...
can you explain how it qualified as a pivot...

kripal

No its not a Pivot in 60 min though it a tiny mini pivot ... but 30 min and 2 bar method as it was vertical fall so combining 3 tiny pivot on 60 min + 2 bar + and a valid pivot on 30 min considering new stop


Regards
Satya

 

[sikandar]

Once todays first bar breached the low of yesterdays last bar,then 4356 PH is confirmed?,which is the high of current three bar.

 

[vpsarathy]

Ouch...sorry about that VP....

Flow method can be used for all timeframes till 15mins.......below that is a bit difficult.For 5mins and below,the attitude should not be that of Going with the Flow,but more of a Sniper Attack.You get your setup,you pounce,you make your gains,and then out,out,out.Get in again.Do it all over again.The Asish style.

And yes,it is applicable on anything so long as you can trade it.Cash,Futures,Commodities..........where it cannot be used is in low liquidity,scratchy charts.Have explained that somewhere in the last 10 posts.

For daytrades,2/5/10 min charts...........


All the best!
Saint

Thanks for clearing my doubt. I will use 15 mis for day trade on paper. It will be 3 months before I start trading, I think. Once in a way I can't control myself when I see money is all ready to be made just for the asking.

vps

 

[Saint]

Would like to add to what Saint has said!!!! With a few brokers it can be an issue to short naked in Cash segment without holding the qty. in DP!!! Do check this aspect before trading the cash!!! Even in intraday if they allow check the time at which they will square off your naked shorts!!
All the best!!

Ah,thanx,RK.........so used to trading the futures these days......The last stocks that were traded was in US where there is no issue abt getting short or long.

So,VP,correction there.......I was trying to indicate where this method works and fails.The nitty-gritties and the country specific,or stock specific issues,do find out before getting in.

Saint

 

[Prabhjeet]

I think when following flow trades it is best to trade with futures otherwise lot would be left on table as we have to square off cash intraday trades at 3.05 pm and we wont be able to get best of enteries the next morning.

BTW, I was myself sceptical about using futures but since I started following 60 min. trades I am totally comfortable with f&o