Going With The 60min Flow!!!

[Saint]

though no authority to say tat..

but if u keep ur this attitude of analysing things n acting upon ur mistakes...u will be teaching ppl how to fish....sometime soon....

Couldn't agree with you more......great going,Komal.

And nickispain,like a few posts that you had posted some time back.......sincerely hoping you continue sharing some good stuff with all of us.

I never really got down to answering your query about position sizing,and why not add lesser quantities as we add......not wrong,but wanted the focus to be on the risk percentage range and not about the actual size of lots.

Had answered some stuff to Rakesh yesterday(but the way today panned out,looking like about 20 pages ago)regarding this matter......

Saint

 

[Saint]

i know a saint who always thinks about his disciples 24/7 .... Good night :d

.

 

[tanewbie]

Nice. I was hoping that people would at least see an element of truth in what I said... HALF.... that is more than enough...

regards

one of the excuses for not learning to fish is that I dont have live data or live data is bit costly.
live relaible data is costly . Esignal charges $127 per month with 1month trial $2.

But the main question is live data really reqd?
In my view for 60 mins flow no need for live data.
The main component of 60 mins FLow system taught by Saint is to fin d pivot highs and lows (apart from money management)
All one has to do is note the hourly highs and lows from the trading terminal like TT5 or PIB or speedtrade or trade tiger and find pivots and note the levels.

In fact we dont need live data at all!first 5 mins data can be seen from NSe it self.

The beauty of the system is that we need the pivot levels and the room we use and proper money management.
One can trade without seeing the charts!!!

My 2 cents views.

 

[Saint]

Sir the bitterness is quite clear, read the above post by M4u. I think its alright for him to hate me.

BTW, Saint I am not kind of a trader who will stick to pure ways just for the heck of it, I would love to learn tweaks, after all the purpose is to make money but I was refraining to use tweaks because I dont know when to use them hence was following pure form coz profits are still there to be had.

Regards

Agreed.......the Pure form is great especially in stocks and stock futures......
but Nifty is a different ball game.Therefore the tweaks......had to come out with the different names,because both variations are great and therefore should master both.And didn't want one type elbowing the other out......Do you remember what I had said in the beginning,that I am not comfortable in talking NF because it's a different ball game......I spoke only the Pure Form in the beginning,but when NF came into play,I had no choice but to bring out the other weapons in the weaponry.

If you plan to trade the NF,think you should know a few tweaks and when to use them.If stock futs only......then no problem,stick to the Pure Form.

Much as I hate this ,separating it into 2 different groups within this method,doing it out of fear .......great fear that one would enter Pure,add Aggressive,exit Pure and all that......therefore had to officially talk about both variations and importantly to stick to that particular variation for that particular stock/index.

Do ask via PM's if not comfortable with asking here and we can resolve all confusions together.

Saint

 

[Saint]

Whatever going in this thread is not good.

All for the good,my friend........


Saint

 

[tanewbie]

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

Saint,

My question was what is the entry point for todays JPA futures in "going with the intraday mini flow"? After first two red bars it simply went up step by step without any discernible pivot.

My weakness is identifying entry points and understanding of 2 bar concept. Your ADD points are somewhere in the middle of the bar. Is it because that the price has changed by the time you place the order and it is executed.

vps

Hi VPS

below is 5 mins chart o f JPA ftrs.
I hv marked how I wud hv trded this stock.

 

[Saint]

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

Saint,

My question was what is the entry point for todays JPA futures in "going with the intraday mini flow"? After first two red bars it simply went up step by step without any discernible pivot.

My weakness is identifying entry points and understanding of 2 bar concept. Your ADD points are somewhere in the middle of the bar. Is it because that the price has changed by the time you place the order and it is executed.

vps

My ADD points in JPA in the Intraday thread ......never traded JPA intraday,unless memory deserts me.

What time frame are you looking at?TANEWBIE has just answered your doubt......did you understand after having a look at the chart,or still need some clarification?

Saint

 

[tanewbie]

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

Hi VPS
one more chart for you.
Aban futures 5 mins chart with my comments

 

[tanewbie]

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

nifty futures charts 5 mins

 

[Saint]

Self explanatory....JPA charts,ongoing trade...

Saint