Going With The 60min Flow!!!

[ARMHM]

Current Position Of NIFTY in thread

Position Start Date: 10 -Sept-2008
LONG Since : 4062
Stop Loss:3957 15=3942
Profit/Loss in Current Trade = 4062-3942 = -120 Points

We change our Position to SHORT if NIFTY Trades below :3942

Current Position Of ABAN in Thread

Position Start Date: 15 -Sept-2008
Long Since : 2260
Stop Loss: 2175-20=2155
Profit/Loss in Current Trade = 2260- 2155 = -105 Points

We change our Position to SHORT if ABAN Trades below :2155

Please correct the date for NF long. Thanks

 

[lvgandhi]

Will there be add @4107 for NF?

 

[niftychance]

Will there be add @4107 for NF?

for adds room is 7 not 15... so do we add above 4099...

 

[vinst]

I am unable to understand why would there be an add at 4092+7? It is not a PH.
But if tomm NF opening bar has a gap w.r.t. today's EOD bar, we can add above opening high+7.

Saint, Milky, Satya : Kindly help me resolve this.

regards,
vin

 

[Saint]

for adds room is 7 not 15... so do we add above 4099...

Nope NC.....That Trade is over and done with.We took longs as of 4062.Now we ONLY look at this present trade.

If we get new higher pivot lows or not to raise our stops......or whether we get a gap up and how we manage that,and if we get a gap down tomorrow then what do we do.,so on so forth.

But no looking to the left.......all that is in the Past now.The Past is good to look at when you are testing.........But in the ongoing trade,only the Present matters.


Saint

 

[vpsarathy]

Is there anyway, one can post summary of the system..it is a pain going through so many posts..It would be awesome if someone could just post how to follow this system and any additional tweaks and findings...

Thanks!

Seniors,

I agree with rishigg38. Now that you have mastered the system with its corrections and tweaks pl summarise every step so that newbies and some of us can read this and benefit.

vps

 

[milkyblack]

I am unable to understand why would there be an add at 4092+7? It is not a PH.
But if tomm NF opening bar has a gap w.r.t. today's EOD bar, we can add above opening high+7.

Saint, Milky, Satya : Kindly help me resolve this.

regards,
vin

Your question answered by Saint
Just after the post of yours!

Regards

 

[sandeep721]

Dear Saint

I want to thank you for providing such a wonderful and simple system to everybody. Also lots of thanks to all seniors for helping out. I have actually started trading based on this system since this month only. Although I have regularly followed your teachings right from 'teaching a man to fish' thread, but cannot devote lots of time to trading as I have my own business to run . The beauty of your trading style is it's simplicity. Hats off to you Saint.

My current query is on L&T , Just wanted to confirm if the reversal to long would have been over today's 11.30 a.m bar or 1.30p.m bar on 30mins, since we have gone long on aban and nifty using 30min bar.

Sandeep

p.s. I haven't taken the trade, Just trying to test whether I understand the system.

 

[KomaL2099]

FINAL TRADE SUMMARY of NIFTY SHORT
SHORT at 4425
-ADD1 at 4324
-ADD2 at 4280
-ADD3 at 4246

AVG at 4319
Booked at 4062
Profit Points per lot (4319-4062) = 257

CURRENT POSITION -- 15-Sep-2008
LONG at 4062
SAR at 3957-15= 3942

 

[inspire]

Dear Saint,
60mins PH is at 4092.5
60mins PL is at 3957.55
30mins PL at 4009.1

We have reversed using 30mins to longs.

if market keeps going up, up and away and goes above our 60mins PH as well , fantastic, awesome.

if there is a gap up or gap down then regular gap trade., no problem

in case of consolidation and , if market were to go down below 30mins pivots (4009.1) without hitting the original 60mins PH (4092.5)
mentioned above,If market starts moving down, Can we use the 30mins PL to reverse to shorts again with SL as 4092.5
Because In the NOW, as you always say, we would again be with the downward flow, our original 60mins PH has held , and so would remain our SL.


(In general whenever in case of consolidations & reversing positions using 30mins preemptively in 6omins flow, wondering wether this logic would hold......)
I am sorry if I am unable to express clearly. Will appreciate your response.

regards
inspire.