Going With The 60min Flow!!!
- Thread starter Saint
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- Tags 60 minute discussion flow method nifty futures saint
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hi satya,
saint has used this method here
on nov 20
http://www.traderji.com/equities/21903-going-60min-flow-318.html#post214188
on 18/10
and recently on 1st of this month.
the hourly trail is done only when market gaps below our previous stops.
why was this not used today.
it is a very minor issue but just wanted to get it cleared.
hope i am not adding confusion here.
regards.
saint has used this method here
on nov 20
http://www.traderji.com/equities/21903-going-60min-flow-318.html#post214188
on 18/10
and recently on 1st of this month.
the hourly trail is done only when market gaps below our previous stops.
why was this not used today.
it is a very minor issue but just wanted to get it cleared.
hope i am not adding confusion here.
regards.
Satya,My view, you are not missing anything, why this self doubt after being here for so long!!!
Seagul, please point out the exact point where u seem to feel that hourly bar lows or highs are used as trailing SL!!!
I dont see any thing in the chart of Oct 2007 that suggests that Saint has used Hourly high or low as SL, no he has not!!! He has used them for ADDS!!!
Seagul, please point out the exact point where u seem to feel that hourly bar lows or highs are used as trailing SL!!!
I dont see any thing in the chart of Oct 2007 that suggests that Saint has used Hourly high or low as SL, no he has not!!! He has used them for ADDS!!!
Aditya,
I have,I thought,explained all this once before.Now yet again,thought I answered it in the evening..........not sure I can get a point across if the motive is to cross examine and not to understand.
Right,here goes......OCT 2007,masive gap down,firs bar low not hit,we hold our longs and add if possible.........but vertical move up,2 bar method comes into play and we are out once the 2 bar back stop hits and we reverse short.
And that NOV 2007 chart,is a gap below pivot and a few strong bars up,and then a doji and a fall.Low of 2nd bar of that day=5834,next bar at 5860,next bar at 5912.........And compared to today,where the next bar hardly moved---abt Rs5,low of first bar was 4341,2nd bar at 4346........please please do see what I am trying to communicate.
You can post all the charts you want and I can answer them for you and explain them to you.I might have made a few mistakes for which I would apologise.The rest I can explain .........because I do this every day and we are not talking 1-2 lots,or paper trades.And not just in one stock as well.As I have said countless times over,this is art,not science.......do try to understand what is being pointed at,and not get caught by the words,definitions,etc.
Saint
The words used,however vague,in this thread are not accidental.......they are not a sudden urge to use a particular word....They are deliberate....Words like "Visually obvious pivot".Right,Saint,what does that mean........define it,add boundaries to it,2 bars to the left and right?,or is it one bar left and right,minor pivot,major pivot........nothing of the sort.Will not go there.......Visually obvious pivot is all that I am staying on....
'Go with the Eye","Visual Gap","Go with the Flow",.........sounds illogical?Exactly.No clear cut definitions?Exactly.Abstract?Definitely.Oh well,Saint,then it's subjective..........ah,not exactly.
Why then would I not logicalise it all,give clear cut definitions,make a "system" out of it.........why not couple the good trades with some seeming logic at least.Why not at least come across as intelligent?
The answer is simple actually.......the secret of great success at least with this method is to see the Whole,not the parts that make the Whole.If I were to use the power of Logic,you see the parts,you never see the whole.A rational,logical,analytical mind divides and subdivides and sees all the parts that make up the Whole,and write theses after theses about the parts........but they never,ever can see the Whole.To trade and go with the Flow,you have to be in the Flow and rooted in the present,and therefore need to see the Big Picture,the Whole.
Therefore,had said once that this is more Dance with the Flow,more art than science.
Use you argumentative,rational mind and you would win the argument against anyone here..........but you would not get the Big Picture.And even if you do see it,you just would not be able to capitalise on it,as your brain is conditioned to think in parts.
The deliberate usage of all vague terminologies will continue unabated though........as the attempt is to reach out to that particular mindset.And for the more rational of my friends,all I can tell you helplessly is: Do try to SEE,and if not do at least try to understand........"
All the best!
Saint
ps:This thread is not aimed at anyone in particular,......
'Go with the Eye","Visual Gap","Go with the Flow",.........sounds illogical?Exactly.No clear cut definitions?Exactly.Abstract?Definitely.Oh well,Saint,then it's subjective..........ah,not exactly.
Why then would I not logicalise it all,give clear cut definitions,make a "system" out of it.........why not couple the good trades with some seeming logic at least.Why not at least come across as intelligent?
The answer is simple actually.......the secret of great success at least with this method is to see the Whole,not the parts that make the Whole.If I were to use the power of Logic,you see the parts,you never see the whole.A rational,logical,analytical mind divides and subdivides and sees all the parts that make up the Whole,and write theses after theses about the parts........but they never,ever can see the Whole.To trade and go with the Flow,you have to be in the Flow and rooted in the present,and therefore need to see the Big Picture,the Whole.
Therefore,had said once that this is more Dance with the Flow,more art than science.
Use you argumentative,rational mind and you would win the argument against anyone here..........but you would not get the Big Picture.And even if you do see it,you just would not be able to capitalise on it,as your brain is conditioned to think in parts.
The deliberate usage of all vague terminologies will continue unabated though........as the attempt is to reach out to that particular mindset.And for the more rational of my friends,all I can tell you helplessly is: Do try to SEE,and if not do at least try to understand........"
All the best!
Saint
ps:This thread is not aimed at anyone in particular,......
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