Going With The 60min Flow!!!

[ThE HaMmEr]

There are more exp people than me here who, you can ask and they will definately help you....

To name Saint Sir,AMITBE,Prabhjeet,Satya...In other threads Sunil,Czar,Ashishda,Savant Sir and Sudoku SIr

So do not worry..But make sure you ask diificult questions

thank u friend.......really appreciate your reply........

 

[ThE HaMmEr]

thank you friend.......really appreciate your reply......

it would b a great learning experiance here.........

 

[Saint]

Should stop be bought down to entry 421 (418 +3) with entry at 426 ?

Yep,Czar....

Saint

 

[Saint]

Welcome to Traderji,Neeraj!

Saint

 

[Saint]

Sweet moves so far in HDIL.

UPDATES ON HDIL:

INITIAL POSN SHORT:305.5
ADD 1:302.5
ADD 2:288

AVG:298.67

STOP:292.5

All the best!
Saint

 

[orderflow13]

hi saint sir, sorry if m bothering the flow,on weekends i was going through ur threads,1st thing that get me in is..its a complete system....money management,ta,stock picking method everything with no fuss attached to it, i was thinking, how about if we add one position short & one position long,based on pivotal bar system? as u like stocks more than index, ( cuz of gaps )this way also we may brought down beta value also ? m sorry if i seem stupid here, correct me plz

 

[Saint]

hi saint sir, sorry if m bothering the flow,on weekends i was going through ur threads,1st thing that get me in is..its a complete system....money management,ta,stock picking method everything with no fuss attached to it, i was thinking, how about if we add one position short & one position long,based on pivotal bar system? as u like stocks more than index, ( cuz of gaps )this way also we may brought down beta value also ? m sorry if i seem stupid here, correct me plz

Alex,

Nope,we are a group of simpletons......we just wanna go long when the market goes up,and go short when the market goes down.And a method to get that done.

And our major strength is in our adds and capitalising on the trend and keeping things simple.So,two opposite trades within one time frame will sort of not be going with the flow.

Not seeming stupid at all.......Some great stuff by you all over this forum.....keep em coming,and once again,a warm welcome to you.

Saint

 

[orderflow13]

Alex,

Nope,we are a group of simpletons......we just wanna go long when the market goes up,and go short when the market goes down.And a method to get that done.

And our major strength is in our adds and capitalising on the trend and keeping things simple.So,two opposite trades within one time frame will sort of not be going with the flow.

Not seeming stupid at all.......Some great stuff by you all over this forum.....keep em coming,and once again,a warm welcome to you.

Saint

thanks a lot saint sir,to reply on such odd hours,
& sorry for forgetting the basic principal of flow, as two opposite forces cant make a flow ... i bcome one of those fans of yours,on clarity of your vision

 

[Smart_trade]

Should stop be bought down to entry 421 (418 +3) with entry at 426 ?

[/URL][/IMG]

Hello Czar,

Pivot at 418 doesnot look very clean.We could have considered the pivot if there was 2-3 bars upmove or atleast a sideways move.

Looks that mkt will provide a better pivot soon to enable you to bring your stoploss down !!!

Best Wishes,Trade well !!!

Smart _trade

 

[rakeshluthra430]

ADDS in NF just triggerred,stops as discussed last.

Saint

Saint,
I have a very basic doubt...actually not a doubt, but a basic non-understanding of a key factor here.....position sizing.

See...in the current trade, we added to our shorts at 4279, with 4360 as a stop. So, we risked 81 points...lets say we risk 1% of our capital on it.
Now we get another add at 4249, with the stop moving down to 4352...which is we risk 103 points.

Now, the risk from the earlier add (4279) still stands at 73 points, which makes the total outstanding risk of this trade at 176 points(73+103). Now in such a scenario, how do we position size???? (No, we cant position size a new entry by taking 173 pt risk for this position. Our earlier position of 1% risk would have at best come down to 0.85% risk on capital..and risking the leftover 0.15 odd % of cap for 103 pts would make the position really miniscule.)

I hope I am able to express my problem correctly...if yes, please let me know your views.

Thanks as always,
Rakesh.
ps: Due to this dilemma, I skipped taking an add at 4249.