Going With The 60min Flow!!!

[niftychance]

Hello

Heres is how I would aproximate the capital requirements...

Average Risk on first trade : -150 Points

Average Risk on add one : -150 Points, First position risk reduced to -100 Points

Average Risk on add two : -150 Points, First position risk reduced to -50 Points, First Add risk reduced to -100 Points

Average Risk on add three : -150 Points, First position risk reduced to 0 Points, First Add risk reduced to -50 Points, Add two risk -100


If starting with one lot risk in trade with adds: approximate 300 points ...

300 * 50 = 15000 ...

Now if we are ok with 1.5% risk per trade we need 10L ...

If you assume average starting risk is 100 points instead of 150, the required capital will be reduced by almost 1/2 ...

Thanks

DISCLAIMER: Aproximation not to be used for Position Sizing, use the method given by SAINT Sir, I have quoted it in my above post...

 

[TFL]

Used to trade the 60min Flow Pure on every stock Future,and the Nifty Intraday in the beginning.....Now trading the NF with the 60min Flow as well.

Saint

Thank you SAINT,

Means with the later introduced gap up/down crack right its now comfortable to trade NIFTY futures in 60 minute positional flow. Am I right?

Sorry for asking many to you all friends, I aim is to research on this "The great 60 Minute Flow Trade Setup" and better wrap for better.

Thanks,
Hari.

 

[pakatil]

This is my understanding.

Let us say 10L is Capital. Risk Limit is 1.5% = 15,000 = 300 points. Initiate Trade. SAR may be approx 100 - 150 points. Keep on adding to a max of say 4. Addding to be done only if total Risk does not exceed 300 points.

Basic underline is not cross 300 points any time during the Trade. Not to worry about no of Lots.

Hopefully this is fair.

Cheers

 

[TFL]

Thank you all for the answers,

But you all have missed SAR. What is SAR? How to calculate it?

Thank you again,
Hari.

 

[Pattel]

Thank you all for the answers,

But you all have missed SAR. What is SAR? How to calculate it?

Thank you again,
Hari.

Our stop loss is SAR(stop and reverse). If you know how Stoploss is calculated based on pivots, that's SAR point for that trade.

 

[pakatil]

Thank you all for the answers,

But you all have missed SAR. What is SAR? How to calculate it?

Thank you again,
Hari.

SAR = Stop And Reverse.

SL is always reversal point. (PL for Longs & PH for Shorts).

If SAR means some thing else also, would be eager to know.

 

[TFL]

Ha...
I thought it was some....

Hari.

 

[TFL]

Oh!!! I have missed to note your that I have asked one more question earlier with the SAR.
That is "What is 2 bar rule?"

Could you people guide on that too or a link to that details?

 

[musicjunkie]

Thank you SAINT,

Means with the later introduced gap up/down crack right its now comfortable to trade NIFTY futures in 60 minute positional flow. Am I right?

Sorry for asking many to you all friends, I aim is to research on this "The great 60 Minute Flow Trade Setup" and better wrap for better.

Thanks,
Hari.

If you are starting this from the beginning (page one) bast to go through ALL of the pages. Don't compare what we do tomorrow to what was written 6 months ago.
Its a herculean task, give urself a week and everything will be crystal clear. This method has evolved (and will continue to) since the inception of this thread.
Good luck

MJ-

 

[vpsarathy]

PSJ,
We dont look at price bars too intensely...to find out whether its high is higer than the surrounding bar's highs, so that we can term it as a pivot. I will suggest you something.....(1) increase the data in your chart, ie, if you have just 10 days of data on 60 min bars..increase it to 20 and..(2) look at the chart from some distance.
The above will make it clear whether we term it a pivot or not....otherwise we will always be in a game of 'micro' analysis.

This said....also question what does pivots signify to you...are they just stops trying to protect your profits???...or are these the points where you will get a reasonable assurance that the markets are in the process of reversing their short term trend??
Now coming to your specific point....I guess there are always a few factors playing in our minds when we look at charts....pivots and all. The 3 pm bar in todays scenario would have been taken as a pivot if (1) we wouldnt have got a pivot high at 1pm bar...(2) we get a very strong leg down/gap down on Monday...and we look to employ 30 mins charts. So..same chart...different scenario...different answers.

Got confused?? I guess you take a fresh read of 'teach a man..' thread, and look for the 'essence' of the word 'Pivot'...and not its exact definition.

Pl do let me know if you have any further doubts.

ZRakesh,

Your reply is not convincing. Whatever distance you employ the bar looks like a pivot to me even from a mile. The low of this bar is above the lows of bars on both sides. Not so in the case of 1pm bar. I donot understand why you seniors always push people to teach a man..., for everything; seems an escapist route. Only because some one has a doubt after reading it he is not committing a sin. I am also looking for a more plausible explanation. Lets us see who can help.

This post is not meant to hurt anyone's feelings, please.
vps