Going With The 60min Flow!!!

[Saint]

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

Yes, it must be true, for otherwise Saint wouldnt be practising it!!
BUT
It did not seem to have happened in the recent past that a black month giving a Major blow.

For a trial run I am trading 1 lot hence posted per my own expirience!!!

In scale ins , one must predecide how many ADD he is going to make??? and accordingly he must have capital in hand!!! We do not before hand know the number of ADDs situations we may be exposed to!!! In a chart posted by Saint, he had either 4 adds or more in a single run!!

Have not been able to tune my trading rules with ADDs, however though the profits are less without ADDs, but still adequate !!
Thanks
R K Karnani

I usually add till that break of pivot happens..........but you have to add at least 2-3 more to the initial to squeeze the juice out of that trade.

And make up for some stop out trades that is a part of our business.

Saint

 

[musicjunkie]

Think new PH is in formation

MJ-

 

[Saint]

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

As said countless times,let's forget all this major/minor pivot business.Go with the Eye instead and spot the Pivots.How?Read the the 2 threads again and again and we could discuss with some Real Life examples..


Saint

 

[vinst]

And many would have been IF the thread had disappeared

 

[Saint]

WOW, even Saint can commit mistake albeit a non-trading one !!!
(in a lighter vein pls)

Cheers

Ah,I make a lot of mistakes,my friend.......

But this gave me one sleepless night,as I copied the entire thread down(at least most of the important stuff).Much of this thread has evolved after real life experiences,realtime charts...........many tweaks.....the skeleton was there from the first few posts,the rest all born out of the very many discussions between the participants of this thread.

It would have been a collossal mistake and a body blow if this entire thread was accidentally lost....However much the posts are copied,it does not tell us the Flow of this thread.

Anyway,all's well that ends well.

Saint

 

[Saint]

Think new PH is in formation

MJ-

Spot-on,my friend......you are joining the league of the few here who know that they have to keep it simple,and more importantly,they don't just know..........they just simply keep things simple.

Saint

 

[musicjunkie]

Im happy today...Thank You Saint!!
You have no idea what those 2 lines you wrote mean to me....

MJ--

 

[Saint]

ABAN stops and reversal=2249
JP Assoc.......................172
GMR.............................105
POWER GRID..................94
LANCO..........................311
UNITECH......................167

All the best!
Saint

 

[man4urheart]

Good morning!

Summarizing Current Position Of NIFTY

Short Since : 4381.5
StopLoss: 4395 + 15 = 4410
Profit/Loss in Current Trade = 4381.5-4410 = -29 Points

We change our Position to LONG if NIFTY Trades above :4410

Don't forget to change over to SEPT NIFTY Contract, if stop loss is hit today!

 

[musicjunkie]

Moving stops to 4366.3 + room
Kindly correct if im overlooking something

MJ-