Going With The 60min Flow!!!

[Saint]

Saint,
Sorry for pestering you so much...but was actually waiting for the weekend to post some charts for the 'bad' months (loss making ones)...Till now found only 2 months in the last 1 1/2 years.
In your time, please let me know if the entries marked for May 07 are correct.
All seniors too are requested to give their inputs...this i think will make our learning stronger.

Thanks a lot,
Rakesh

Slightly different ...... on an overall,a nightmare month with this method with all its contratrend gaps and yet not getting past our filter,etc

Lucky to get away with a mildly positive month though.

Saint

 

[learn2trade08]

Sir,
Hatts off to the succesfull trader who takes time to post his one year old charts.Just shows off how disciplined you are,i sincerely pray to god that such discipline and efforts continue from the person who is truely a Saint!
thanking you
learn2trade.

Slightly different ...... on an overall,a nightmare month with this method with all its contratrend gaps and yet not getting past our filter,etc

Lucky to get away with a mildly positive month though.

Saint

 

[avinash]

still running a fever,my doctor friend......so not exactly in full throttle yet.

Saint

Take care Saint....wishing you a speedy recovery!

Avinash

 

[vpsarathy]

Slightly different ...... on an overall,a nightmare month with this method with all its contratrend gaps and yet not getting past our filter,etc

Lucky to get away with a mildly positive month though.

Saint

You always say "buy when there is a fall back", but you have bought at the uptrend.

Saint, will you pl explain each buy, sell and add, your stop losses here and your +s. How did you select entry points? Except a few most are confusing for me. I think I am bothering you too much. Pl take the trouble.

Thanks in Advance.

vps

 

[vpsarathy]

Saint,

Still referring to May 2007 chart pl explain 'filter' and point out pivot points
Thank you

vps

 

[vpsarathy]

By any chance are you refering to something like this posted by Saint !
Post no. 2018

I refer Post 2093. See "buy at 4076"

vps

 

[vpsarathy]

Seems some misunderstanding!!!!
"buy when there is a fall back" must have been written in some other context!!! My presumption only!!!
If i remember it was when we were to add shorts some level and the price started to go up, it was here that saint had said,"buy when there is a fall back", i.e when the upmove started to move down again then only additions were to be made!!!!

No shorts to be added when the move is UP and no longs to be added when the move is DOWN!!!!

Normally one is taught never to buy on up journey and not to sell on dowm journey of stock. Am I right? Pl correct my basics if needed
vps

 

[rakeshluthra430]

Slightly different ...... on an overall,a nightmare month with this method with all its contratrend gaps and yet not getting past our filter,etc

Lucky to get away with a mildly positive month though.

Saint

Hi Saint,
Thanks a lot for posting the chart...you are simply great, not that we didnt know it already.
I compared the chart you posted with the one i had posted...I am happy that most of my entries/exits were correct. The few
differences that i observed are detailed below. Please do comment on these.But before anything else...I saw that the data
presented in my chart has a problem..it does not show the first 5 min candle, the first candle in my charts is of 30 minutes.

Now the differences...the trade numbers are as per your chart.

Trade 1: I seemed to have made an ADD at 4170...which as per your chart is the first 5 min candle....so this I would have
avoided in real-life situation...So also the exit...I think both the charts look like step-brothers and not identical twins..
so your exit correct as per your chart as was mine.(Anyone interested can open both the charts..Saints and mine and note the
difference)

Trade 2: Short entry different bec of charts again..all other trades exactly similar....thank God.

Trade 3&4: Our exits are apart by 6 points in trade 3...dont know why..on charts they look to be at the same level...PL tell me
if you locate the reason.

Trade 5: Again data difference accounted for the differences...else the logic I have followed is same.Even the add that i entered
at 4278...is because of the data.However I exited at 4230 and you at 4247...maybe the pivot low didnt appear obvious to me...which
is OK....dont want to pressurise my eyes...and these individual specific differences are fine....they are bound to happen in all spheres
of life..not only trading.

Trade 6: Saint, you made adds at 4216 and 4201 which i missed...maybe i was anticipating another pivot hi being formed before i
make the adds...your point well understood now...

Trade 7: Again the data looks different...else all trades in both charts look obvious now. Even the exit i made on this trade was triggered bec
my chart didnt have the first 5 min candle...also my calculations concluded by closing the last trade at the closing price of the
month..resulting in additional loss of 84 points to me...else the profit figures of both the charts also similar.

Overall...it has been a very helpful exercise for me..Please do let me know if i need to focus on any particular aspect.I wouold also request
all other members to do this backtesting exercise manually..which will give them great confidence.

Thanks a lot Saint...dont know how to thank you enough.

Rakesh

 

[vpsarathy]

Hi Saint Sir,

Here are the rules which I have fixed for trading...I hope I have covered everything in this..Please let me know if you have any suggestions..
1) Before entering a trade the SL will be fixed
2) The SL will never be moved under any circumstances...Under ANY CIRCUMSTANCES
3) For Intraday SL will be 8 points or previous pivots and the aim of each trade will be to get 12 points
4) After 12 points, if trend favours,trailing stop loss will be used
5) For Positional Trading the SL will never exceed 100 points
6) Will be going for maximum 3 trades intraday if all are successful
7) Aim is to get 100 nifty points every week excluding brokerage
8) Will be trading with 1 lot and 2nd lot will be used only to add to a winning trade
9) Ultimately will enjoy trading
10) and finally there wont be any emotions in any trade and will Keep Walking!!!

Will be starting paper trading from Monday after going through your docs again..I will also let you know my basis for entering a trade and exit.
Please give me your valuable feedback.
Regards
Lalith

I am going thru this thread in order to learn. You mention points. What is a point? How to fix SLin intra-day in cash market. I know nothing about NF thata why the confusion . Will you pl rewrite your rules for intra-day cash market, please.
vps

 

[nareshch]

I am going thru this thread in order to learn. You mention points. What is a point? How to fix SLin intra-day in cash market. I know nothing about NF thata why the confusion . Will you pl rewrite your rules for intra-day cash market, please.
vps

For intraday , Use 1-10 min charts instead of 60 min and follow the same principles

Naresh