Going With The 60min Flow!!!

[musicjunkie]

Pakatil, No PH as of now

MJ--

 

[alokdaga]

If 3 pm bar does not cross morning high then 1 pm bar becomes a pivot?

Edited: High broken !!!

 

[Satyen]

Hi All the day we have

Regards
Satya

 

[sikandar]

Hi All the day we have

Regards
Satya

So today we sat on our hands day ya?

 

[Czar]

Nope Today "Watch & Worry day" sideways market has no friends in this thread, till a breakout appears in any direction...

I was planning to take my 1st trade as per Saint's guidelines in Aban, the darn stock turned away by 2 bucks, amazing...

 

[Czar]

True RK, I was trigger happy to take the trade & thought what the heck lets take it, but saw the chart & there were many such intraday jumps to get out of oversold, Saved the day by saints touch down level... Salute

 

[Niks]

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

Will some senior explain what is a major and whats a minor pivot? How to identify them? Shall appreciate if explained on a chart.
vps

Thanks for the pdf link. I have gone through it very nice explanation. I have also gone through the 60 minute flow, think they consider most as major except some which are caused by random spikes.

 

[vpsarathy]

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

Thanks for the pdf link. I have gone through it very nice explanation. I have also gone through the 60 minute flow, think they consider most as major except some which are caused by random spikes.

"think they consider most as major except some which are caused by random spikes."--- didnot understand your view.

You have not understood 60 min flow at all; it is an independant theory of trading. The base is "Teach a man to fish.......". This will take repeated reading to understand and practice on paper. Once you do this you may graduate to 60minute flow. But Saint and others trade in Nifty Futures only which needs higher capital. Rs 2 lacs is not enough, say 5 lacs is better, 10lacs is ideal. And understanding of futures' basics. You need a book for this.

60 mins can be used in normal stock trading with minor modifications.

vps

 

[Niks]

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

I have some basic knowledge of TA and know that no two theories in market can be independent of each other, anyways. Yes futures trading can be lethal if one is not capitalized. I guess same method can be used in cash market for long-only trades. Thanks.

 

[rkkarnani]

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

"think they consider most as major except some which are caused by random spikes."--- didnot understand your view.

You have not understood 60 min flow at all; it is an independant theory of trading. The base is "Teach a man to fish.......". This will take repeated reading to understand and practice on paper. Once you do this you may graduate to 60minute flow. But Saint and others trade in Nifty Futures only which needs higher capital. Rs 2 lacs is not enough, say 5 lacs is better, 10lacs is ideal. And understanding of futures' basics. You need a book for this.

60 mins can be used in normal stock trading with minor modifications.

vps

One can Trade in Nifty Futures in a single lot to start with at much lesser capital!!! One has to forgo the additions!!!! The margine is around 35000/- so with somr buffer to take care of unforseen contigencies, 100000/- may be adequte to trade the 60 min. flow with 1 lot of Nifty Futures!! A bit cumbersome but Mini Nifty may be traded for even lesser capital!!