Going With The 60min Flow!!!

[Saint]

Yes we get pleasant or unpleasant surprises due to the news events.But if you follow the system long enough,then pleasant surprises outnumber the unpleasant ones and the trend asserts itself and you come out as a winner .

While on this subject I remember an interview from Market Wizards in which a Market Wizard trader is asked as to how much of his trading success is luck and how much is science. His reply was as under :

"I have a throughly backtested competent system which I trade and whether a trade I am doing at this moment is going to be a winner or a looser is a matter of TOTAL LUCK as I am going to have my share of loosers. But after taking all the trades on the system for reasonably long time I am going to make plenty of money is a TOTAL SCIENCE.

The reply has lot of wisdom and a mindset of a winning trader in it !!!

Just thought of sharing the same !!!

Smart_trade

Great stuff as always!!

Saint

 

[Saint]

hi Saint,

Sorry if u felt that i was only cross examining and not understanding, and sorry for asking those same questions again and again.
Those 2 examples which i had posted was always lingering in my mind and when such type of situation came i got confused when to keep 5 min low stop and when to trail it like in nov 2007,and hence came to you,thats all and nothing else was on my mind. Have understood it now.That was one of my last doubts i had in this system.Thank u for answering it patiently though i repeated some questions again and again.

regards.

No problem,my friend........looking fwd to more great posts from your end.

Saint

 

[Saint]

ABAN .............. New PH 2324 New PL 2263 Am I right?

Let it move to new highs tomorrow.....then raise stops to the above PL-room.

Saint

 

[Saint]

Ya MJ since I had made special request to Saint to be kind & gentle

Saint

 

[Saint]

JUST UPDATING THE TRADES SO FAR:

NIFTY:L 4354,4381,4383(only giving trades that were called on this thread)
AVG=4373,
LATEST SL(if NF moves past previous pivot highs )=4346-15=4331

ABAN:L 2112,2160,2263
AVG=2178.33
SL=2211-20=2191

GMR:L 104.70,106.15
AVG 105.425
SL 101.15

PGRID:L 94.35
SL 91.20

HDIL:L 298
SL 303

JPA:Reversal to shorts triggerred.Gap above pivots means reverse
back to longs.

All the best!
Saint

ps:L=Long,AVG=average,SL=stop loss

 

[ARMHM]

JUST UPDATING THE TRADES SO FAR:

NIFTY:L 4354,4381,4383(only giving trades that were called on this thread)
AVG=4373,
LATEST SL(if NF moves past previous pivot highs )=4346-15=4331

You mean previous Pivot Low 4346-15=4331

 

[ARMHM]

Hi Niftychance,
You do not look like you are new to trading. In fact it seems you are a seasoned trader.

 

[musicjunkie]

Hello

I have tried to experiance the flow of NF for past 9 months (with no adds) using the principle of "going with what I can see"

Some very good posts iv seen of urs in the past few days. Keep it up.
MJ-

 

[jitu123]

Nifty seems to be gap up opening > 4500

 

[rkkarnani]

Singapore Nifty 4550!!!!! Up >180