Going With The 60min Flow!!!

[kapil123]

the reason to point this is if saint was not there would you have taken this call ? so the need for independent thinking is becoming a must, Saint is not going to guide forever (though I wish he will) but he is making too much money & soon is going to be bored of all the demands & questions

Czar, I do not know about others, but I would definitely have taken the trade. As an important part of trade is to switch off the mind (very difficult though) and to stick to the system.

 

[Czar]

you would have , but did you think of trade or you followed Saint's lead ? if you did think then ok...

 

[pakatil]

TA using Indicarors, Trendlines etc has to be interpreted. So we have plethora of interpretation from many people, causing confusion. I am little bit averse to interpretaton, including myself.

That is where 60 Min Flow impresses me the most. No subjective interpratations, easy to understand even by dumb heads like me. The only difficuilt part is to stick with plan without getting swayed either by greed or fear. I am trying to learn that art and hence I believe, possibly I would have taken the Trade irrespective of the external conditions.

Cheers

 

[vpsarathy]

Czar

I would not have the guts to trade the way Saint did. Yes the reason is fear. Kapil is right in saying "switch off the mind and follow the system". This is the best way of getting rid of fear.
vps

 

[tanewbie]

Nifty future current trade

 

[kapil123]

you would have , but did you think of trade or you followed Saint's lead ? if you did think then ok...

Yes I did think about the trade..

 

[KomaL2099]

Hello Rakesh
I am new to this system and do not have much wisdom as Saint has but still I will try to answer your question.
What I understood from your post is, your concern is that why do we add position even though it increases the risk.
you are actually looking at the current trade but The system is not about a single trade , its a cycle and the strength lies in Adding position. How is it , lets take an example from our previous trade.
Suppose you trade without adding position and I trade as per the system.
So in last trade I would have made 257*4=1028 points and you would have made 257 points.
Now suppose in the current trade imagine if Our SL would have Hit at 3942 yesterday. You and I both would have lost 4062-3942= 120 points. But I earned 1028 points in last trade and you earned 257. So cumulative I am up by 908 points and you by 137 points. Another such trade will take out all the profit you made in First trade.
So adding positions in the flow not only help us gain maximum from flow but also provide us a hedge if something adverse happens in coming trades.

This is what I understand , However I may be wrong.
I am not denying that adding position will always be fruitful, it can definitely harm some trades, but as I said earlier its not about a single trade.

Saint,
Whenever you get time, kindly resolve this eternal confusion of mine.
And secondly, since I didnt take that add at 4025 due to higher risk, I will be in a position now to add at 4104.

Sorry for bothering,
Rakesh

Originally Posted by rakeshluthra430
Extremely sorry for bringing this issue again....my nemisis, the Position Size.
Yes..you had explained it logically this Sunday and I seemed to get it...but i think im again confused.

See...we took 2 lots yesterday...at a risk of 120 per lot....now even if we buy 1 lot...we will be assuming more risk, as the stops are exactly where they were yesterday..on our original position. So basically we are risking 1.5% instead of 1% that we should be doing.

I am sure I am missing something important....wat is it, I dont know.

Kindly help in your spare time.

Sorry for bothering again,
Rakesh

ps: by lots i mean the basic unit...it may be 50 for some...200 for others. the idea is of risking a certain % of cap and buying/selling accordingly.

 

[KomaL2099]

thought came to my mind and I was scared to take long

So frankly tell me how many of you guys, yesterday when saint according to 30 mins said reverse positions, thought: "The guy's crazy..., man what the heck, is he sure, the whole world markets are falling apart..."

 

[rkpahwa]

thought came to my mind and I was scared to take long

Same here with me...

rkpahwa

 

[rakeshluthra430]

Hello Rakesh
I am new to this system and do not have much wisdom as Saint has but still I will try to answer your question.
What I understood from your post is, your concern is that why do we add position even though it increases the risk.
you are actually looking at the current trade but The system is not about a single trade , its a cycle and the strength lies in Adding position. How is it , lets take an example from our previous trade.
Suppose you trade without adding position and I trade as per the system.
So in last trade I would have made 257*4=1028 points and you would have made 257 points.
Now suppose in the current trade imagine if Our SL would have Hit at 3942 yesterday. You and I both would have lost 4062-3942= 120 points. But I earned 1028 points in last trade and you earned 257. So cumulative I am up by 908 points and you by 137 points. Another such trade will take out all the profit you made in First trade.
So adding positions in the flow not only help us gain maximum from flow but also provide us a hedge if something adverse happens in coming trades.

This is what I understand , However I may be wrong.
I am not denying that adding position will always be fruitful, it can definitely harm some trades, but as I said earlier its not about a single trade.

Komal,
Thanks a lot for your response. No, I am not scared to add and neither do I not realise the importance of adds in this system.
My dilemma was just the increased risk that we may assume...when we buy an additional lot with the stops remaining where they were.

Thanks again brother....I think I am getting the idea now what should I be doing.

Rakesh