Going With The 60min Flow!!!

[Saint]

Saint,

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

vps

Sigh......explained and explained many times again and again.

Pivot points:Go to "Teach a Man to" thread in TA

Filter:15/7 on Nifty,different on other stocks.

Saint

 

[Saint]

I refer Post 2093. See "buy at 4076"

vps

Can't find this post......

Saint

 

[Saint]

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

VPS,

I would like to be excused and not answer this post..........I think you are really new at this and I sincerely do not want to say anything that might hurt your feelings.

Only one thing I have to say:If you want to learn,leave all your preconceived ideas and notions aside.......To learn anything new,come "with an empty glass" and we can try to fill it up,and not with a "full glass" because then I have no idea what should be my next step.

One must ask oneself this question:Am I asking a question so that I can learn something new from this person?Or am I asking so that this person just vindicates an opinion and viewpoint that I already have?

To re-emphasise.....I am willing to help if you need my help.But if you are here to teach me something new,I would most definitely love to learn from you.

Saint

 

[Saint]

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

You have assiduously gone this thread and this doubt lingers????.....

When did we put a filter of Rs 15 for a Rs150 stock?Of course that is ridiculous......For a Rs150 stock,maybe max Rs2 and an add at Rs1......

Saint

 

[Saint]

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!!!

Ditto the above...Thanx RK!

Saint

 

[musicjunkie]

Every method has its game plan...."Different battles,different strategies,different weapons......

Saint

All said in a line...Saint please don't refrain from posting.

Day trading is still on my to-do list , first must tame the 60 min animal
Your really are great guy devoting soo much time to help....

MJ--

 

[Saint]

Saint sir and seniors
I have started a new thread "Questions from juniors about"going with the 60minut flow". We need help from seniors like without which the thread will be failure.

Why I started this is easy to understand? We donot want crows here.

vps

Great going,VPS........would surely try to help out.But first learn the basics.....and as said before,would definitely be there to help if you need any.

Saint

 

[vpsarathy]

Re: Questions from juniors on"Going with 60minute flow"

Friends,
Here is the reply from our Guru the creator of "Teach a man how to fish and Going with the 60 minute flow ", Saint sir.

"Great going,VPS........would surely try to help out.But first learn the basics.....and as said before,would definitely be there to help if you need any."

Saint

 

[vpsarathy]

Re: Questions from juniors on"Going with 60minute flow"

Friends,

If any newbie wants to read Saint sir's theory "teach a man how to fish", Pl give me your emailid as e.g "vps a t y a h o o d o t c o m". I will send you the zip file. Unable to upload here due to size limitations.

Read this chapter by chapter and ask your doubts here. Our seniors including Saint will come to our aid and give clarifications. Pl donot hesitate to ask even the stupidest of all doubts. Because once you ask and get the answer you will no longer be stupid. It is better this way than being a stupid all your life and losing your hard earned money.

vps

 

[vvvv]

Hi VPS,

I wear different hats with different time frames.......I have a strategy for intraday,for the 60min Flow,for an Intermediate Uptrend but trading the longs on the Daily Charts,and then there are trades purely from the weekly charts looking at monthly for reference.

I might be following the Flow on the 60min charts ad therefore long,but my 5min pivots have cracked and am in intraday shorts at the same time as longs on the 60min Flow.

For all these various strategies or methods,I have my various hats that I don in each trade.The daily and weekly trades I post in the "New Intermed Uptrend" thread.When the weekly charts make a pullback(I never use words like fall back......but I got the point),in a monthly uptrend,and then forms a Bottoming Tail Doji,I would enter long.In the 60min charts Flow Trades,when the 60 makes a pullback and makes a Bottoming Tail Doji,I would never dream of buying on a pullback.....I need confirmation.And that I get with a previous pivot high getting taken out.

Same looking chart,different time frame........and therefore different response.

I had just posted in Asish's thread on Friday that many in Traderji find it conflicting advice,contradictory stances and therefore get confused.......which leads me to post less and less.These posts are meant to guide and help,a sort of hand-holding in the initial phases as Smart Trade would put it.I had not posted this....the 60min Flow Trades......for over a year out of fear that people would use it to great detriment and lead to ruin,which is definitely not my intention.Understanding and following the Plan leads to great gains.Not understanding it is no big deal.......probably you would curse me and all the many in this thread as fools and idiots.No harm done......But misunderstanding even the best plan or method will lead to your financial ruin,and psychological damage.

Every method has its game plan..........please do not come into one thread and tell me that "But you said in the other thread........"Different battles,different strategies,different weapons......

And about explaining each entry point,each exit point,each stop loss.........my friend,please do go back and read the "Teach a Man " thread over at TA Section.Without understanding what I mean by Pivots and Trends and Time Frames,no use.

Have a look at this thread from the beginning.......read up,learn up,try to understand,and then have your doubts cleared one by one.

Saint

hi saint,
sorry to post this stuff here as it is not directly pertaining to this thread alone..u have been posting the charts where u had taken trades of the 60 min chart.
can u pls do the same ( only 1 chart each ) for the 5 min,daily(with weekly as perspective) & weekly ( with monthly as perspective) for any stock u feel like & mark the trades u took..it wud help us to understand & analyse the " COLOR OF UR HATS" little better.

i know it is time taking but pls if u can post it at any time convenient to u..
thnks & sorry for the botheration.