Going With The 60min Flow!!!

[pakatil]

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

Naresh

I think Intraday is not the same as 60min Flow.

Here is what Saint has said in another thread.

but as said in the Flow Trade thread,my attitude in the intraday is not a Flow but an ambush.

Setup,Entry,Profit,Profit,Profit,Out......if reverse direction,then stopped.

So there is a logic to the entry ...... and the stop........but not for the profit taking.

So different approach than the Flow Method.

Cheers

 

[musicjunkie]

Thanks. Saint has already told me follow15minand 5 min charts for intraday.

Saint mentions 'points' in NF, what is it in Rs for intraday.

If we have to keep SL at previous pivot less 15 points, how do I translate in case of cash trading?

A "point" depends on your contract size. Supposing your MM allows you one contract then each point is to be multiplied by 50.
One Nifty contract= 50
Go through the entire thread, watch our trades for a few months, things should be clear
MJ-

 

[vpsarathy]

A "point" depends on your contract size. Supposing your MM allows you one contract then each point is to be multiplied by 50.
One Nifty contract= 50
Go through the entire thread, watch our trades for a few months, things should be clear
MJ-

While you tried earnestly to help me, my brain does not understand what you say.

60 min flow for NF lasts a month and repeats.

Therefore even cash trade for 1 month will also fit in beautifully. This is what I believe and plan to do. I have been watching your trades, the more I watch the more I am confused.

I need to know where should my stop loss be and whats the filter? 15 rupees or 60 paise?

Seniors pl answer my question. I will have to bother Saint unnecessarily which I like to avoid. I donot want to bother him at 2.15 AM when he goes thru tens of postings, study and reply to them.

If this works well for cash segment on motjly time frame we might as well end up calling it "Saint's30/60 flow" method.

With so many people posting in the thread and many more regular readers a time will come when this will be a standard method.

vps

 

[musicjunkie]

Vp iv PMed you, lets not crowd this thread.

Saint. Thanks for the May 2007.
It would be nice if you mentioned any other months where results have been cruel to 60 min flow trader like May 2007.
Hope your feeling better
MJ-

 

[vpsarathy]

Vp iv PMed you, lets not crowd this thread.

Saint. Thanks for the May 2007.
It would be nice if you mentioned any other months where results have been cruel to 60 min flow trader like May 2007.
Hope your feeling better
MJ-

1 My post should have said I am not attempting to crowd.

2 If my reply sounds brusque, pl accept my apologies. I donot mean to hurt any one and definitely a senior like you.
Apologies again
vps

 

[vpsarathy]

Hi VPS, Whoao!!! Cool down man!!!
I earnestly feel that mj did not mean to offend you.

The points are exactly translated to Rupees. If you get a pivot high at say 4400, you add 15 points i.e. Rs.15/- and go long above 4415!!!
If you get a Pivot Low at 4400 you substract 15 points i.e. Rs.15?- and short below 4385/-

Frankly had you gone through a bit more elaborately through this thread you would have found posts giving the Pivot level and the actual trade level which would have cleared your doubt about the "POINTS"!!!

Trust this helps!!!
All the best !!! And cheer up!!!!!

Mr Karnani,

In NF the movement is 200 or more points per day. It is not so if you trade in the medium price stock of Rs500/-. It will mean a fluction of 40% in a day.
In case of stocks at Rs 150 level the headway of Rs 15 is almost 10%, a move likely to happen once in a blue moon. I have assiduously gone thru the thread and this doubt lingers.
I pray, please clarify
vps

 

[vpsarathy]

VPS, The filter, or the room or the jiggling space , we call the same thing by these names!!! Its Rs.15/- in Nifty and lesser in smaller stocks!!! But may be higher in lower priced stocks which are more volatile!!!
Its not to judge the percentage we are giving away to enter a trade, what we look for is the volatility!!! If a stock is more volatile more filter is given, if I am not wrong in ABAN a 2300/- stock has a filter of 20/- applied to it!!!
Now how do we decide what filter would suit which stock!!! We have been blessed by Saint by giving us ready made solution for the stocks he is trading!!! For other stocks we need to throughly go through the Historical data to decide what is the "optimum" filter suitable for a stock!!!

Thanks a lot, I understand. I understand that each stock needs to be studied historically for filter as well. What you said is an eyeopener to me thanks again for your patience.
vps

 

[pakatil]

Mr Karnani,

In NF the movement is 200 or more points per day. It is not so if you trade in the medium price stock of Rs500/-. It will mean a fluction of 40% in a day.
In case of stocks at Rs 150 level the headway of Rs 15 is almost 10%, a move likely to happen once in a blue moon. I have assiduously gone thru the thread and this doubt lingers.
I pray, please clarify
vps

NF's total movement may be 200~ in a day. Can't remember when it has had a move of +/- 5% in a day. Whereas many stocks have moved +/- 10% in a day on numerous occassions.

Cheers

 

[Czar]

One of you should show the maturity & end this matter here(& delete) & not Destroy the sanctity of this thread, please

 

[Smart_trade]

Mr Karnani,

In NF the movement is 200 or more points per day. It is not so if you trade in the medium price stock of Rs500/-. It will mean a fluction of 40% in a day.
In case of stocks at Rs 150 level the headway of Rs 15 is almost 10%, a move likely to happen once in a blue moon. I have assiduously gone thru the thread and this doubt lingers.
I pray, please clarify
vps

Dear Mr vpsarathy,

Headway of Rs 15 or 15 points is for nifty futures.In scrips having value of Rs 150/- it could be 2 or 3 points. This headway is kept to ensure that we dont get out of the trade on a whipsaw or a false breakout.

The exact amount of headway is a matter of judgement of the scrip's volatility and our comfort level.

Hpoe the above clarifies your doubt.

Best Wishes,Tradewell !!!

Smart_trade