Going With The 60min Flow!!!

[AmritaBasu]

Re: Questions from juniors on"Going with 60minute flow"

ok.now stupid me has tradetiger. i keep looking for saint's teach a man thread, cant seem to find it. And a few silly qs...I know nothing so pls bear wth me...how are the pivot lows and highs calculated? Is the 60mins chart the one where the chart has only 6 bars( one for each hour)? Or is it a 60 min chart, ie 60 mins each divided into 60 mins plotted on a chart? because if 60 min chart is the one withthe 6 bars, how do u study that? pls guide with suggestions for readings ( books, internet links). thank you for ur attention.

 

[vvvv]

Re: Questions from juniors on"Going with 60minute flow"

thnks nifty

 

[Saint]

Re: Questions from juniors on"Going with 60minute flow"

I am a little confused on the issue of roll over to next month on expiry.

1. If SAR triggers 1-2 days before the expiry day, we can take position in the next month Futures. That's OK.
2. If we are with the trend do we roll over simply or there is something else.

Presuming you are holding longs,Kapil and everything is going to Plan .....all higher pivot highs and lows......no problems,no reason to panic or do anything about.........you have two ways out.

a.Provided the next month contract is somewhere near the present month.....this month is at 4312,next month is at 4319....Let that Rs7 go,and just shift it to next month's contract,that's it.

b.If this month is at 4312,and next month is at 4356 or 4267........trade till the last 5mins of the Contract Month.Then exit your positions.Next day enter using the 5min rule.........Now a few different permutations and combinations can arise,but broadly,that's how we've been managing.

Saint

 

[Saint]

Re: Questions from juniors on"Going with 60minute flow"

Seniors,

Pl summarise entry methods for various situations. For example today's JPA futures-in mini flow, no one could give a proper rely, NiftyChance seemed confused.
vps

Nifty Chance doesn't know how to get confused even if he desperately tried to..........He is clear in his thinking.

What seems to be the doubt?Put it in this thread........cannot be in Mini Flow because we haven't even started discussions there.

Saint

 

[vvvv]

Re: Questions from juniors on"Going with 60minute flow"

ok.now stupid me has tradetiger. i keep looking for saint's teach a man thread, cant seem to find it. And a few silly qs...I know nothing so pls bear wth me...how are the pivot lows and highs calculated? Is the 60mins chart the one where the chart has only 6 bars( one for each hour)? Or is it a 60 min chart, ie 60 mins each divided into 60 mins plotted on a chart? because if 60 min chart is the one withthe 6 bars, how do u study that? pls guide with suggestions for readings ( books, internet links). thank you for ur attention.

u r in the wrong thread,,,,google simple words like technical analysis, 60 mins charts, intra day trading ,etc,etc,,,ull find sumthing interesting to read which will give u sum knowledge to start with.
go to stockcharts.com,investopedia.com & find out wht they say.
search wikipedia
u r trying to trade futures in which u have no knowledge abt..which is very dangerous for ur financial health.
google - wht is a pivot??? read saints pdf file...
i can suggest bill williams trading chaos ( only the fractal chapter in it).tht will give u sum idea abt pivots..its advanced but do give it a read
& then throw it away bcos i found most of it is practical nonsense.

 

[vpsarathy]

Re: Questions from juniors on"Going with 60minute flow"

ok.now stupid me has tradetiger. i keep looking for saint's teach a man thread, cant seem to find it. And a few silly qs...I know nothing so pls bear wth me...how are the pivot lows and highs calculated? Is the 60mins chart the one where the chart has only 6 bars( one for each hour)? Or is it a 60 min chart, ie 60 mins each divided into 60 mins plotted on a chart? because if 60 min chart is the one withthe 6 bars, how do u study that? pls guide with suggestions for readings ( books, internet links). thank you for ur attention.

Amrita,
Pl read "Teach a man how to fish atleast 4 times" till you really understand the pivots et al. Pivots are not calculateed. They appear because of goings on in the market and mst be SEEN with your eyes.

In the 60 min charts there will only be 7 bars-1st 5mins, 11,12,1,2,3pm bars and last 1/2 hr bar. You will see pivots here.

This pivot theory is Saint's own and I think he should patent it, or write book on it. Then I will tell you that a book exists which u is worth its weight in gold and u must buy it. It will be priced at the days price of NIFTY. Grab it when NIFTY is at the lowest.
vps

 

[alokdaga]

Why dont you say that Prabhjeet & Satya are the only thorn in people's eyes. I always knew that this was coming, just because Saint wanted to leave posting for few days you are trying to hold me culprit.Had sensed similar bitter feeling from a post of Czar and the feeling is here again. So I think its time to take a decision

This was my last post on this thread and you people shall never see me posting again.

Thanks to wonderful people like Saint, satya, MJ, Rk & MB to name a few for all the kind knowledge that you people shared

C'mon Prabhjeetji - these things do happen - just ignore and keep contributing !! I know how it feels - but don't take things much to heart

 

[Saint]

I have found the source of confusion!

It is me !

Between page 435 and Page 436 nobody updated the new stoploss in thread!

Suddenly Rakesh mentioned his stoploss is hit & saint also confirmed and it started the confusion for me! as further I realized some guys are following 30 min chart!

But all the while my stoploss were also based 60 min + looking at 30 min chart!

I ignored this Stoploss hit of rakesh and saint and sticked to last 60 min pivot stoploss! as I didn't clealy understood from where this new stoploss came from!

I don't look at live charts yet thus ended with this confusion!

Team I am sorry because of me all people(sandeep, neeraj, Rishiq,srinishare...... etc) following my posts must have taken a hit!


Also to add you all guys were following my stoploss thus you all were also trading 60 min flow with help of 30. So we are all finally Aggressive traders!

To list only Prabhjeet and Satya are Pure traders!

Thats why I am stopping to post summaries!

I think it is best for thread that we stick to one stoploss and that should be Agressive trader Stoploss.
If you forgive me please press thanks

This thread is finally about learning something.........if anyone of us is dependant on the other,then it is our fault,and ours alone.If I lost money today,the blame is squarely on my shoulders and never on the person who couldn't update.

All nonsense,m4uh.......carry on with your updates.

And if not mistaken,Prabhjeet and Satya are not alone in that category.....majority are in that group.

And about the Stop Loss:I have said this once and I am going to repeat it again.........there are 2 variations of this method,the faster we come to that conclusion the better for all of us.Both are correct.....and therefore I will be posting both angles.

Define what you are,and then follow it to the tee............Both groups stand to pull out huge amounts,both must follow what is best with their personality.

As for your Updates,think the very Life Breath of this System is the ADDS......and if you can add that into your updates,great stuff.Update only for the Pure Flow or else too demanding on your time.

Saint

 

[AmritaBasu]

Re: Questions from juniors on"Going with 60minute flow"

u r in the wrong thread,,,,google simple words like technical analysis, 60 mins charts, intra day trading ,etc,etc,,,ull find sumthing interesting to read which will give u sum knowledge to start with.
go to stockcharts.com,investopedia.com & find out wht they say.
search wikipedia
u r trying to trade futures in which u have no knowledge abt..which is very dangerous for ur financial health.
google - wht is a pivot??? read saints pdf file...
i can suggest bill williams trading chaos ( only the fractal chapter in it).tht will give u sum idea abt pivots..its advanced but do give it a read
& then throw it away bcos i found most of it is practical nonsense.

I thank you for ur blunt answer.I guess I put my qs in a manner that wld make it seem I dunno pivot point. I think I do..at least I do know this theory
R2 = P + (H - L) = P + (R1 - S1)
R1 = (P x 2) - L
P = (H + L + C) / 3
S1 = (P x 2) - H
S2 = P - (H - L) = P - (R1 - S1) ( though honestly not clear if this is enough).
What I specifically wanted to ask was when u say 60 min ph / pl, do u calculate it or it is automatically reflected in the graph ? Cause i cld find no such graph. and is this pivot calculated with the same high low close theory? I am studying

 

[vpsarathy]

I have already told you that I track only Nifty Futures.

When I am not even tracking the scrip how do I get confused about it?

But thats quite funny when you write it on 3 threads that I am confused...

Anyway Thanks

NC,

You seem hurt. My apologies. Didnot mean to do so. Just wanted to say you could not clarify on JPA. I thought some one else will be kind enough to clarify. Nothing like that happened. May be my expectations are too high. I will stop asking any questions from now on. Some time back when I asked Qs in the 60min flow thread some one fgot annoyed and hurled 'abuses well camafloged' So I started a thread called "Questions from newbies on 60min flow". And now this. Let me trade the way as I understand the system; wrong or right it is my destiny. What else can I do or say. I am simply vexed.

vps