Going With The 60min Flow!!!

[Czar]

Ah,met this friend of yours for a looong time today......

Saint

Ahh glad to know DHL still delivers in 24 hours...

 

[Czar]

Hey Nifty chance, you just joined & you are already up to the mark & digested the whole system ??? great going friend...

 

[musicjunkie]

Ahh glad to know DHL still delivers in 24 hours...

one of the best ones have heard so far here....LMAO

 

[Smart_trade]

Our Current position in Nifty futures _ We are long and our stoploss is 4359 ( in some charts it is 4363) less 15 points space = 4344

We will wait for the PL to form to raise our SL (take profit and reverse ) level.Chart posted below :

http://img387.imageshack.us/img387/6130/niftyfuthrlyvr4.jpg

Best Wishes,Trade Well !!!

Smart_trade

 

[musicjunkie]

Yes NC,
Valid add point
Anyway, today we are gapping down at around @4,445. Nothing to be done, hold stops as SM has posted.
MJ-

 

[man4urheart]

Good morning! team

Summarizing Current Position Of NIFTY

Long Since : 4354
Stop Loss: 4359 - 15 = 4344
Profit/Loss in Current Trade = 4354-4344 = -10 Points

We change our Position to SHORT if NIFTY Trades below :4344

 

[Saint]

Hello SAINT Sir

I joined this site after i read a document containing your messages for "teaching to fish" on trend following ...

As i understand from the messages I have read so far

We go Long if the price goes above the Previous Swing High by 15 points and Short if the price goes below the Previous Swing Low by 15 points...

The method you have presented here is quite simple but seems to be very effective.

For Long trades this 15 points on higher side will ensure that we have atleast a higher swing high in making and thus an uptrend, but we dont wait for the swing to complete we get on board in anticipation, what a way to latch on to the developing trend early. Similarly for short trades the same 15 points on lower side makes sure for a lower swing low in works ...

I have yet to understand the way you are scalling into the position, ideally i would use 40-30-20-10 %, but rarely ever done that, usually get shaken out early... Looking forward to learn that ...

Also not used to the aspect of always in the market (stop-n-reverse) type of trading... Loads of reading for me to catch up with the flow of the thread...

Thanks and Best Wishes

Welcome to Traderji,NC.........we have with us another quality poster to join the ranks of many in this thread and in this forum.Once again,a warm welcome.......

Saint

 

[rakeshluthra430]

Good morning! team

Summarizing Current Position Of NIFTY

Long Since : 4354
Stop Loss: 4359 - 15 = 4344
Profit/Loss in Current Trade = 4354-4344 = -10 Points

We change our Position to SHORT if NIFTY Trades below :4344

Hi M4H,
Thanks a lot for your efforts to keep us updated.
Just one request...I think you shd also include the adds that we make in the current trades...which will change the Average buy price.
So, just to add to your summary, it cud be something like this:

Long Since : 4354
ADDS: 4381, 4438
Average Buy price=(4354+4381+4438)/3...=4391
Stop Loss: 4359 - 15 = 4344
Profit/Loss in Current Trade = 4344-4391 = -47*3=-141 points

This is just a suggestion, rest is upto you.

Thanks,
Rakesh

 

[Saint]

ABAN ADD 1 point at 2150

So far the only one that has yet to take off...

Saint

 

[man4urheart]

Seeing the risk in position most of traders have not added, thus it will confuse!

Sticking to calculation for basic position!