Going With The 60min Flow!!!

[citrus]

Hi Saint,
My question is same that of Satya, i.e. how you short list scrips.
Regards, citrus.

Before taking a stock into list what are things you consider and how much past data you see ??

 

[Saint]

MB,

The high of this sideways consolidation of 4283.9 is your reversal to the long side.

Saint

 

[milkyblack]

MB,

The high of this sideways consolidation of 4283.9 is your reversal to the long side.

Saint

Got it Saint, Thanks for posting! But what to do now, I mean in this case of expiry... such a huge gap b/w the two months futures... shall we go long on the next month future... irrespective of the "huge" price difference?

Regards

 

[milkyblack]

Great,MB.....Thx for asking!

Shall post abt GMR later.....

Saint

Thanks a lot Saint for considering my question Eager to know abt the logic behind the trade Please do post at ur convenience

Regards

 

[milkyblack]

Hello all,

Completed June Series

Number	Trade	Level	SL	Initial Risk	P/L(Close)	Remarks

5	Short	4505-	4284+	Closed		+221		Expiry Day

4	Long	4499+	4505-	Closed		+6		 Gap down

3	Short	4640-	4499+	Closed		+141

2	Long	4636+	4640-	Closed		+4

1	Short	4826-	4727+	Closed		+190

Total booked P/L = +562pts

 

[SamFisher]

Hi satya_pinku2003, milkyblack and the inspirational Saint,
First of all thanks for Saint to comming up with the great idea, I have almost gone thru all the posts you have done in traderji (and they are real treasure).

Secondly hat's off to 'the satya_pinku2003 and milkyblack team' for implementing the idea!. I also want to also jump into this thread

But I have following doubts...

Yes Satya, now after making fresh lows we can consider that! But I have just brought down the SL to 2 bar method to 4255+...

How is this 2bar SL is decided? I believe its from some point 2 bars backwords in 60 min chart. Please clarify.

MB,
The high of this sideways consolidation of 4283.9 is your reversal to the long side.
Saint

Why is the 4283.9 act as the reversal point? Is it because it is PH at the time of posting this message and NF trying to break it?

Please clarify.
Thanks

 

[kenneth]

Why is the 4283.9 act as the reversal point? Is it because it is PH at the time of posting this message and NF trying to break it?

Please clarify.
Thanks

Yes 4283.9 is the PH.

 

[SamFisher]

Yes 4283.9 is the PH.

Thanks kenneth.

 

[milkyblack]

Hi satya_pinku2003, milkyblack and the inspirational Saint,
First of all thanks for Saint to comming up with the great idea, I have almost gone thru all the posts you have done in traderji (and they are real treasure).

Secondly hat's off to 'the satya_pinku2003 and milkyblack team' for implementing the idea!. I also want to also jump into this thread

But I have following doubts...

How is this 2bar SL is decided? I believe its from some point 2 bars backwords in 60 min chart. Please clarify.


Why is the 4283.9 act as the reversal point? Is it because it is PH at the time of posting this message and NF trying to break it?

Please clarify.
Thanks

First of all..... this NF 60 is an idea of Satya... I am just doing kinda clerical job in this masterminds is Saint... NF 60 idea generator is Satya...

4283.9 I do not know... I hope when Saint gets a bit free to explain...

Yes 2 bar from the current lowest low bar backwards.

Regards

 

[SamFisher]

First of all..... this NF 60 is an idea of Satya... I am just doing kinda clerical job in this masterminds is Saint... NF 60 idea generator is Satya...

4283.9 I do not know... I hope when Saint gets a bit free to explain...

Yes 2 bar from the current lowest low bar backwards.

Regards

Thanks milkyblack, that is a good oppertunity to learn as a 'Clerk' than an officer.

But ofcourse I am not even close to Clerk at the moment. But I will learn from all the great players like you and others.