Going With The 60min Flow!!!
- Thread starter Saint
- Start date
- Tags 60 minute discussion flow method nifty futures saint
- Status
Well Satya,
Not the gap, look at the move once it crosses the pivot of 3914.
3 white bars good moves, which takes the earlier pivot of 4037, so the pivot at 3858(plz ignore 3863 typed by me, as was an error) to be taken into consideration. So we went short.What do you say? Plz give your views.
Regards
Not the gap, look at the move once it crosses the pivot of 3914.
3 white bars good moves, which takes the earlier pivot of 4037, so the pivot at 3858(plz ignore 3863 typed by me, as was an error) to be taken into consideration. So we went short.What do you say? Plz give your views.
Regards
Hello all,
NF for July 8th,
Regards
NF for July 8th,
Code:
July Series
Number Trade Level SL Initial Risk P/L(Close) Remarks
7 Short 4017- 4075+ -58 +41
6 Long 3922+ 4017- Closed +95
5 Short 3863- 3922+ Closed -59
4 Long 3914+ 3858- Closed -56 Not taken a/c gap
3 Short 4127- 3914+ Closed +213
2 Long 4152+ 4127- Closed -25 Gap Intraday
1 Short 4127- 4152+ Closed -25 Gap Intraday
Total booked P/L = +142
Hi Satya, Vin, MB and others,
Looks like we have three different pivots now. Now within these three we have just one major all others are minor. While identifying the major among these three I invented another method of identifying a reversal pivot, which is very closely related to Saint's method if not the same. Please be advised that I am not very sure whether this method is right or wrong I need to still work on it but it gives a reversal point very early, now thats the matter of concern and I am bit suspicious too. I back tested it with last 10 days data and it looks fine to me but still requires further confirmation from you guys and helps to improve it more if not totally wrong
Here I am presenting it in a very simple way. Please let me know what you guys think.
I started looking for next pivot from the yesterday's pivot, as suggested by Vin it was at around 3897 the lower most circle in the attached chart. Then as long as we have higher low no problem we keep our pivot as it is. Now whenever the low of current bar breaks the low of previous bar, we move our pivot to the low of that bar (here in the chart the 2nd pink circle from bottom of the chart becomes our new pivot). In this way we already had a pivot today (the highest pink color circle on the chart) at around 4070.
PB: I am not very sure whether this method violet's in any way Saint's method of 60 min flow although I am quite sure this is closely related to his method but it identifies the pivot much earlier. Please also note that I am not very sure whether this will work on real time trading or not, extensive back testing is required before implementing this.
Guys pls share your comments regarding the same. Thanks,
Looks like we have three different pivots now. Now within these three we have just one major all others are minor. While identifying the major among these three I invented another method of identifying a reversal pivot, which is very closely related to Saint's method if not the same. Please be advised that I am not very sure whether this method is right or wrong I need to still work on it but it gives a reversal point very early, now thats the matter of concern and I am bit suspicious too. I back tested it with last 10 days data and it looks fine to me but still requires further confirmation from you guys and helps to improve it more if not totally wrong
Here I am presenting it in a very simple way. Please let me know what you guys think. I started looking for next pivot from the yesterday's pivot, as suggested by Vin it was at around 3897 the lower most circle in the attached chart. Then as long as we have higher low no problem we keep our pivot as it is. Now whenever the low of current bar breaks the low of previous bar, we move our pivot to the low of that bar (here in the chart the 2nd pink circle from bottom of the chart becomes our new pivot). In this way we already had a pivot today (the highest pink color circle on the chart) at around 4070.
PB: I am not very sure whether this method violet's in any way Saint's method of 60 min flow although I am quite sure this is closely related to his method but it identifies the pivot much earlier. Please also note that I am not very sure whether this will work on real time trading or not, extensive back testing is required before implementing this.
Guys pls share your comments regarding the same. Thanks,
Attachments
Hi MB,
Shocked seeing that you are already short on NF but yesterday you mentioned SL as 3814 or some thing near around it then why suddenly change in trade without change in trend according to Saints 60 min flow. Am I missing some thing? Pls clarify. Thanks
Shocked
seeing that you are already short on NF but yesterday you mentioned SL as 3814 or some thing near around it then why suddenly change in trade without change in trend according to Saints 60 min flow. Am I missing some thing? Pls clarify. Thanks
Could not post during the day!
Just took the latest low of the sideways movement. Learnt from Saint.
But I request Saint to comment on this first. If anyone is trading live on this basis of 60min then wait for the confirmation from Saint before taking postions.
Regards
- Status
Similar threads
-
What you feel is nifty going to open negatively positively or flat Monday morning
- Started by Rash123456789
- Replies: 2
-
-
-
Help..Amibroker forumla AFL for "Saintji's Going With The 60min Flow practice!!!"- Started by actuaryinmaking
- Replies: 22
-
Help..does anyone have Amibroker forumla AFL for "Going With The 60min Flow!!!"
- Started by actuaryinmaking
- Replies: 5