Going With The 60min Flow!!!

[AMITBE]

Hi everyone, I am posting both charts 1 for nifty oct series and 1 for nifty where series are continued as near month. It is upto each one to decide which stop loss to take.

Thanks Sandeep, and that resolves the issue for me.

Going with the NIFTY CONTINUED chart posted by Sandeep in the above post.
That really should be the one.

Amit.

 

[rakeshluthra430]

Just state the rules and we'll figure the SARs/adds.

Today, we are looking at and following Oct series charts.

So for SARs/adds, are we looking at yesterday's Sept charts? Or yesterdays Oct charts?

This question also comes as eSignal has no continuous chart.

Saints system is really very simple....we Add on break of pivots...and in case of gap in our direction...we add at break of 5 min low-7.

We are looking at Oct charts, y'days and today....
What we are facing today is a fresh 'problem', where diff between current and near month charts has given a whack to the stop levels....I am going with the solution which gives more 'benifit of doubt' to our pivots.

 

[rkkarnani]

Hi everyone, I am posting both charts 1 for nifty oct series and 1 for nifty where series are continued as near month. It is upto each one to decide which stop loss to take.

Thanks for this effort!!! Going by the Charts posted by Saint, he uses the continuous charts only and that should be ideally be followed!!!
My view is that it is 'wrong' to follow the other chart which has October values also while the Sep. month was on!!!!

 

[alokdaga]

Thanks for this effort!!! Going by the Charts posted by Saint, he uses the continuous charts only and that should be ideally be followed!!!
My view is that it is 'wrong' to follow the other chart which has October values also while the Sep. month was on!!!!

Agree on your view of using continuous chart

 

[rkkarnani]

Saints system is really very simple....we Add on break of pivots...and in case of gap in our direction...we add at break of 5 min low-7.

We are looking at Oct charts, y'days and today....
What we are facing today is a fresh 'problem', where diff between current and near month charts has given a whack to the stop levels....I am going with the solution which gives more 'benifit of doubt' to our pivots.

Best is to follow Month1 chart, it will be seamless and that wud be the chart that Saint follows!!!! It also takes more of the "I" out of the trade!!! Oct. charts till yesterday have no role at all in this set up of trade!!!

 

[AMITBE]

Saints system is really very simple....we Add on break of pivots...and in case of gap in our direction...we add at break of 5 min low-7.

We are looking at Oct charts, y'days and today....
What we are facing today is a fresh 'problem', where diff between current and near month charts has given a whack to the stop levels....I am going with the solution which gives more 'benifit of doubt' to our pivots.

Thanks I understand the trading rules well.

On the which chart front, yesterday we were trading Oct series looking at Sept charts.
I believe what RKK posted in the following post is quite correct:

http://www.traderji.com/equities/21903-going-60min-flow-498.html#post225374

Satya's iCharts should match the chart posted by Sandeep I referred to above.

 

[musicjunkie]

nothing is wrong or right, just our perception of things.....Members follow where you are comfortable. Discussion ends here :
Rakesh is right so are RK, Satya and me....all in our own respect. As long as rules are followed by the end of the month things should be O.K
MJ-

 

[lvgandhi]

Thanks for this effort!!! Going by the Charts posted by Saint, he uses the continuous charts only and that should be ideally be followed!!!
My view is that it is 'wrong' to follow the other chart which has October values also while the Sep. month was on!!!!

Dear RK,
I will be happy to be enlightened to know the wrong in seeing OCT series chart when Sep is going on. Both are entirely diff contracts.As Sep series is going on, OCT series is also going on. Then why that should not be followed?
Further I would like to know what is this continuos chart from which data the chart is made?

 

[rakeshluthra430]

Best is to follow Month1 chart, it will be seamless and that wud be the chart that Saint follows!!!! It also takes more of the "I" out of the trade!!! Oct. charts till yesterday have no role at all in this set up of trade!!!

Hmmm...yes you and Amit are very correct, cant find flaws in your arguments at all.

In fact, looking at the current month charts doesnt even raise a doubt whether the stops can be anywhere other than 4134. So...lowering my stops to 4134+15. Thanks a lot to both of you...another lesson learnt.

My doubt was just in case we opened at where we closed y'day (4158)...even a smallish move would have taken us above the earlier pivot of 4197....though on Nifty spot we would not even be close to its pivots (we dont track spot Nifty...but i look at it only in such doubts).

Thanks again,

Rakesh

 

[sikandar]

Best is to follow Month1 chart, it will be seamless and that wud be the chart that Saint follows!!!! It also takes more of the "I" out of the trade!!! Oct. charts till yesterday have no role at all in this set up of trade!!!

Rk post is clear,as saints back tested reports were with the seeming continuous chart.seaing sep trading oct.