Going With The 60min Flow!!!

[rakeshluthra430]

Now new PH is 4083 at 13:00 bar. Hence SAR for NF is 4098. I hope I am correct.

Yes you are.....lower stops to 4098

 

[lvgandhi]

I don't know. On the one hand, the prem/disc is a great tool to judge market sentiments, but on the other, you have freak trades and roll over profiteering etc sullying the value/chart of the derivative.

Aren't there some traders on traderji who actually trade futures with the spot chart? Similar to how we used the sept chart for oct SAR/adds.

Welcome Sec 5. this thread is meant for 60 min flow based on some rules already being followed. Trading futures with spot charts is not same as RK has told. It is only switchover what RK has told come into play. Premium for NF from spot varies due to many factors. Hence spot chart can't be used.

 

[man4urheart]

Current Position Of NIFTY in thread

Position Start Date: 24 -Sept-2008
SHORT Since : 4168
Stop Loss:4083+15=4098
Profit/Loss in Current Trade = 4168-4098 = 70 Points

We change our Position to LONG if NIFTY Trades above :4098

 

[lvgandhi]

Yes you are.....lower stops to 5098

I think typo. It is 4098 not 5098

 

[myvineet]

Yes you are.....lower stops to 5098

no sir don't do this.....4098

 

[rakeshluthra430]

no sir don't do this.....4098

LOL ....yes, 4098.

 

[rishig38]

Aren't there some traders on traderji who actually trade futures with the spot chart? Similar to how we used the sept chart for oct SAR/adds.

Yes, until now I used to trade futures based on Spot charts...it is a great tool...but if you use this 60 min flow, I would suggest you stick to the rules...

 

[Sec 5 (Pyr)]

Premium for NF from spot varies due to many factors. Hence spot chart can't be used.

Indeed. Which is why I mentioned our usage of sept charts for october. Oct nifty was rs.40 higher than sept at one point, but we stuck to our rule of "waiting for the SAR to trigger in the sept chart and executing the actual trade in oct manually, no matter what the price".

Could a similar strategy be employed? Honest doubt.

but if you use this 60 min flow, I would suggest you stick to the rules...

We have changed the rules before though lol.

 

[rkkarnani]

I don't know. On the one hand, the prem/disc is a great tool to judge market sentiments, but on the other, you have freak trades and roll over profiteering etc sullying the value/chart of the derivative.

Aren't there some traders on traderji who actually trade futures with the spot chart? Similar to how we used the sept chart for oct SAR/adds.

Welcome to traderji!!!! You must have used some other id or been around here as a guest, as it is shown as ur first post!!!
Sec5, there are many traders here who trade here as per spot levels, and many more who trade the future levels only!!! It is not about using spot or futures level, it is about deciding what levels to be used here in this strategy!!! And we are lucky to say that this has been decided by the 'creater' of this thread, of this system : Saint!!!!
We do not judge anything mkt sentiment, nuke deal, dow nasdaq level, nikkie hang sheng, nothing is taken into account... we just allow the market to move us in its own direction , in the direction of its flow!!!! As Saint would say : We just pull the trigger at predecided levels!!!
Do read a bit at the start, u will get the idea what i am talking about!!!

 

[rkripal]

Hi Kripal, another problem is that the Premium discount in Spot and Nifty F is too fluid to track at times!!!!

hello sir

yes, you are right. but when we find ourselves in situation that we had faced this morning about stoploss, i think referring to spot and compare tht spot pivot with both oct, sept, and thn move the stoploss to the one which is more in sync wit spot.Though following continuous was another(better) idea and thts where we got a clearer stoploss.

kripal