Going With The 60min Flow!!!

[rh6996]

Ooopps...you read it Saint?? Deleted as I felt it may not clear confusions for ones who need 'specific, clear cut and definite' answers. Since you found it good...I am re-posting it. Here it goes: (This was in response to Karnani Sir's post where he said about not being clear about the 30 min tfs).

Hmmm....I think this is a very common problem faced by most of us. This reminds me of an exercise we used to do in our para-commando days....an exercise of coming out of deep mud. The harder we tried, the deeper we went into the mud. But the solution was very easy......same is the case here.

Now dont get me wrong....I am myself learning and not an expert on the 'tweaky' scenario when we switch the tf of our charts to 30 mins. But personally I use the 30 min charts only when the markets have had a considerable run in a particular direction and/or stops on the 60 min charts are too far.

The above didnt sound profound???? Well it isnt...

the problem here is not about finding a 'complete' solution to this 30-min thing, the problem is about how we get this monkey off our backs...remembering it only when we have a large unprotected profit...

So what is the crux of the above??? Just remove 30 min from your rear-view mirror, replace it with the overall picture of the market. That itself will make it clear when 30 min shd be coming to picture. The good thing is.....we can completely forget that there is a 30 min tf also.....as it comes into picture in just 10-15% of our trades. So instead of remembering the 30 min all the way...and then thinking about when not to use is, do this....Forget the 30 min completely.....and remember it if and only if you have a large unprotected profit (meaning deeper stops).

As you yourself have said many times...gaining confidence in using a system is more important than knowing the system absolutely correct. And yes...with time we can only improve.

I hope I have not added to the confusion.If yes, let me know and I will delete this post pronto.

Thanks,
Rakesh

Rakesh, I am a sort of Pure trader too!!! However if you have understood the switch to 30 min.TF, do guide in a laymans words!!!
Regards
Kanchan

 

[niftytrader2]

My humble submission to all members is to have a separate thread for learning discussions. Let this thread have minimum messages and those too onlyfrom Saint and maybe some saint selected few senior members. These posts should only pertain to the current trades and potential upcoming ones. The important messages on upcoming trade points / stops etc can get lost in this sea of messages. No offense to anyone.

 

[rh6996]

No one bugs any one here I guess... all inquisitive minds... want to learn...

Regards

Hi MB, Can you please post something about the switch to 30 min. TF, this is not to test you but need to read something about the switch in the words of , in the language of other than Saint too!! Words from someone who has understood the switch to 30 min.TF as explained by Saint!!
Regards
Kanchan

 

[rh6996]

My humble submission to all members is to have a separate thread for learning discussions. Let this thread have minimum messages and those too onlyfrom Saint and maybe some saint selected few senior members. These posts should only pertain to the current trades and potential upcoming ones. The important messages on upcoming trade points / stops etc can get lost in this sea of messages. No offense to anyone.

Hi, Thanks for pointing it out!!! Would try to desist from posting queries but the latest was a valid one , so it seemed to me!!!
By the way I take this opportunity to suggest to all to delete there unnecessary posts in this thread.. just a few days back I deleted a number of posts that had no material significance at present!!! If all of us do it, it will become easier for all to navigate the thread.
I got encouraged by reading rkkarnani's post that he had deleted a huge numbers from this thread!!!
All the best!!!
-Kanchan

 

[rkkarnani]

My humble submission to all members is to have a separate thread for learning discussions. Let this thread have minimum messages and those too onlyfrom Saint and maybe some saint selected few senior members. These posts should only pertain to the current trades and potential upcoming ones. The important messages on upcoming trade points / stops etc can get lost in this sea of messages. No offense to anyone.

Hi Niftytrader, I feel it is only becoz of the learning discussions posted here that you would be able to gather what had been going on here in last few months!!! Imagine just the posts by Saint and no question asked for clarification, what would be left on the thread, yes only the buy and sell levels!!!! SL levles etc. nothing else!!! The trade points and SL that you term as important are the least important and the 'learning discussions' that you wish to be moved to a separate thread is actually this thread all about!!!
Please do not assume that this is a tip giving thread!!! Oh, it is a tip giving thread all right but tips on how to trade not on when to enter what is the SL when to reverse!!!! All the levels that you have seen here posted as text or charts is a part of the 'learning discussions'!!!
Do try to read the 'educating' posts too, believe me not Saint but the understanding of the system is going to help you in the long run!!!
All the best
-R K Karnani

 

[rkkarnani]

Hi, Thanks for pointing it out!!! Would try to desist from posting queries but the latest was a valid one , so it seemed to me!!!
By the way I take this opportunity to suggest to all to delete there unnecessary posts in this thread.. just a few days back I deleted a number of posts that had no material significance at present!!! If all of us do it, it will become easier for all to navigate the thread.
I got encouraged by reading rkkarnani's post that he had deleted a huge numbers from this thread!!!
All the best!!!
-Kanchan

Hello Kanchan, Long time no see!!! Good to know that you deleted some unrequired posts from the thread!!! These small efforts shall matter!!! I am sure a few others may take cue from your action or mine and follow suit thus reducing the number of total posts to go through lesser for a new entrant!!!
Please do keep asking, its the asking by various members that has really helped bring out so many things about the system, including the most important : How much filter on ADDs!!!

 

[rakeshluthra430]

Rakesh, I am a sort of Pure trader too!!! However if you have understood the switch to 30 min.TF, do guide in a laymans words!!!
Regards
Kanchan

....and I thought I had explained it in layman words.

See...I guess you are trying to know the clear-cut rules about when to use the 30 min. Sorry, there are no rules....only general guidelines....ones which have been repeated by me and Saint and a few others.

I suggest you wait for Saint to put up these in a more lucid manner, as he has promised he would do, So wait for a few days...I would also suggest you let go of the 'scientific' type of mindset.....out here the same problem will have different solutions in different situations.

Thanks and I hope I have not disappointed you again,
Rakesh

 

[rkkarnani]

Your worry about missing a few Gems from Saint : Please do a "search" in the thread for posts by Saint and you will get all posts by Saint listed with small summary , all listed with the last post listed at the top!!! You can have the Gems!!!
The search button is besides the Rating displayed and when you click it you get a search option and also an Advanced search option : Click on the advanced search and type "Saint" and click, there you get all the messages by Saint listed beginning from the latest!!!

 

[Saint]

Nikhil, Do think a bit!!! What would be left here if no discussions take place!!! Please dont mind but posts as the one by you and by Nifty also add to the weight of the thread!!! My humble suggestion to you and all :
01. Please delete the posts once its purpose is served.
02. Do not post Thanks or appreciation messages, we have appropriate buttons for that.
I did delete a large number of posts which were not required and request others to do it as and when they get time!!!

Actually the gems of this thread come from a large number of participants and not just one individual......some come in the form of great questions,and some in the form of great answers.

I sincerely hope that great posts ,be they questions or answers,would not be deleted just so that my posts could be made more visible.

A few of those posts that you(RK) deleted may be some thanks or whatever,but some of those posts were great stuff and a value add to this thread that have now been deleted and lost for good.

My humble suggestionlease don't delete your posts unless they add confusion to this thread..........or if someone asked "Saint,what software do you use? and someone replied,"Plz don't ask on this thread",then it would be great if the 2 posts can be deleted........But not your kind of posts......only a suggestion from my end.

Saint

 

[Saint]

Saint, Have mostly understood what you have written about pure and aggressive traders!!! If a pure trader like Rkk or Rakesh or Prabhjit or Satya (I am one too though do not post much now a days) wants to know in most unambiguous terms when to use a 30 minutes pivot what would your reply be?
In plain simple words, Saint do post whenever possible a simple rule that can be understood easily about use of 30 min. TF!!!

Kanchan,

You have defined yourself as a Pure Trader.........never look at the 30min charts.

Very simple,my friend.You will make more,give less to the broker and be laughing all the way to the banks.

Had posted the charts about the Pure and the Aggressive.........you know what Satya would have done.Shorted on the 10th and covered on 18th,and now long..........if you have the mindset of a Pure Trader,great going,my friend.Don't change.Don't waste time in learning about this tweak and that tweak.I employ the Pure Flow in all stock futures,and the earnings are huge without thinking too much.....

So,a simple answer to your question is: Don't bother about it.Trade the Pure Flow the Pure Way.Great success will be yours.

Saint