Going With The 60min Flow!!!

[niftytrader2]

Hari, thanks for your effort. It sure looks like a great tweak. How did it perform in not so trending months ?

 

[ARMHM]

Somehow I am not able to understand why Nifty Futs get into discount or premium compared to spot. When markets are going down...we have a premium....sometimes it shinks, sometimes spreads.

Can anyone explain what is the funda here?

That's nothing but market dynamics. Some analyst try to predict the direction of the market by premium/discount. But they can not and neither can anyone by any means.

 

[ANBE SHIVAM]

good work hari
I see lot of hardwork u have put into this tweak.someone must back test and confirm the tweak for atleast a year.i dont have chart software.

 

[man4urheart]

A small tweak from my part.
I have backtested in some of the Saints Sir's charts and seems good.

The only tweak I have did is to the EXIT rule. By this tweak

EXIT WHEN PIVOT HIGH/LOW TREND LINE BREAKS
(Line joining lower pivots for longs and vice versa.)

But should follows as Saint's for all others...Also donot reverse when at Trend line breakouts. Only Exit at trendline breakout and Enter when the real reverse came.

Seniours and my friends...Please post and discuss...if this is valid...
See the charts posted below to see how the system is performing...

Thank you.
Hari.

What a effort man. Awesome! lLet see what members have to say about same!

 

[man4urheart]

Thank you niftytrader2,

But have no previous data to backtest. Hope someone of you have it.
If you can share intraday 60 min historical data then I can backtest and post each trade and charts here.

Hari.

You can download intraday data for Nifty Futures

and Cash stock data from

http://www.investbulls.com/download.php?list.40

I will see if i can generate NIFTY_Futures data file for you from Amibroker later!

 

[kapil123]

Thank you niftytrader2,

But have no previous data to backtest. Hope someone of you have it.
If you can share intraday 60 min historical data then I can backtest and post each trade and charts here.

Hari.

Thats a marvellous effort Hari.

Combing the two powerful weapons (pivots and trendline), it seems to have become a powerful missile. Looks like a great tweak. Though I am not sure how many people would be able to manage this system, as it would involve more things to manage.

 

[SamFisher]

booked loss on my first trade

faith and any newcomers,

Loosing is the part of the any game, question is how many times did you loose? As long as you have more wins you are a winner. If you keep winning all the trades then question yourself that May be the luck played a role here. Toss the coin up and trade still you can win technically. But are going to be happy that you won?

In my case this is my 3rd trade and previous 2 being green I was really skeptical about the whole setup. I was telling myself this cant be true; you can not keep winning always! This mean I won because of luck. And I do not want to win by virtue of my luck. Feeling lucky is dangerous and you are bound get overconfident and commit mistakes. Win while not lucky is what I want.

Learn from the loosing trade, correct anything that might have caused the loss. In my case one mistake I did was I did my second add in spite of risk being too high (probably because of my earlier wins?) I will correct it in the coming trades.

We have lots of seniors around us, who do not bogged down by the pressure of the markets, we will support them learn from them and grow with them. One day we will master Saints system and be independent traders.

Cheers

 

[SamFisher]

Thank you niftytrader2,

But have no previous data to backtest. Hope someone of you have it.
If you can share intraday 60 min historical data then I can backtest and post each trade and charts here.

Hari.

Hari,
Last 6 months of intra day in this post on **********

http://www.traderji.com/software/23...-10-15-30-min-charts-analysis.html#post211310

 

[vvvv]

mr hari,
gud effort no doubt...this is not "goin with the 60 min flow" bcos u r made to sit out & watch till reversal takes place..the very purpose of going with the flow is stop & reverse.

 

[TFL]

mr hari,
gud effort no doubt...this is not "goin with the 60 min flow" bcos u r made to sit out & watch till reversal takes place..the very purpose of going with the flow is stop & reverse.

Yah...We takes a small coffee break after each exits...
Think coffee break will add a refreshment to the flow.

Think SAINT sir will kick me out for building DAMs against THE GREAT FLOW.

Just joking...

But thank you vvvv,
Hari.