Going With The 60min Flow!!!

[jace48]

Hello all,

I am planning to use 60 min flow for long only trades because of lack of funds hence no healthy MM. Is their any guidelines calculating filter?

Tried searching but no results

 

[TFL]

Current Position Of NIFTY in thread

Position Start Date: 08-OCT-2008
Long Since : 3534
Stop Loss:3280 - 15 = 3265
Profit/Loss in Current Trade = 3534-3265= -269

We change our Position to SHORT if NIFTY Trades below :3265

Please put a label Agr or Pure

Hari

 

[man4urheart]

Please put a label Agr or Pure

Hari

Not sure Hari which one I am!

 

[Satyen]

Same trouble with me.

Last reverse I became aggressive as Before that you and I took less profits home as we were pure

So now we again took less profits home as we became agressive.


I am also undecided which flow to follow. Look right now I am again pure, but actually that 30 min pivot as agressive should have been considered!

Thanks man4uheart .... for that reason i consider 30 min pivot only after a prolong trend ... and some kind of mini tiny pivot on 60 which is clear pivot on 30 ..... i used on october 8th after price showed its full strength by travelling 182 point nearly negating selling presure and crossing high of the day ..... if that day we had a 30 min pivot near bottom i would have not reversed ..... even posted with a chart ...

but waiting Saints comment and rules about this

Regards
Satya

 

[Satyen]

Hello all,

I am planning to use 60 min flow for long only trades because of lack of funds hence no healthy MM. Is their any guidelines calculating filter?

Tried searching but no results

Hi jace why long only .... some time ago saint taught us using two time frames then we used to use higher time frame as guidance like this if higher time frame is in down trend then short only trades if it is up then long only in smaller time frame but in this way you may miss some profit while trend changing time in higher time frame
in case of 60 min pivots you can take daily chart as guidance

Just a thought was using this some time before

Regards
Satya

 

[jace48]

Hi jace why long only .... some time ago saint taught us using two time frames then we used to use higher time frame as guidance like this if higher time frame is in down trend then short only trades if it is up then long only in smaller time frame but in this way you may miss some profit while trend changing time in higher time frame
in case of 60 min pivots you can take daily chart as guidance

Just a thought was using this some time before

Regards
Satya

Hi Satya,

MM rules do not allow me to take leveraged position and hence I have to stick myself into cash market only.

For each specific stock pivot break+filter that confirm up/down move setting a small filter will give false indicator where as setting it to high I can miss the boat.

I understand taking different time frames as preceptive but would like to go slow and and small because I am still not in the flow(discipline) to trade the flow (15/30/60 min)

 

[SamFisher]

Hello all,

I am planning to use 60 min flow for long only trades because of lack of funds hence no healthy MM. Is their any guidelines calculating filter?

Tried searching but no results

This should give you idea about the filters.

http://www.traderji.com/equities/24457-companion-guide-saints-60-minutes-flow-4.html#post233844

Regarding going just long, I do not know if that is going to help you in any way. I would advice you to be with the flow i.e long and short, but with limited number of adds or with no extra adds at all.

 

[Satyen]

This should give you idea about the filters.

http://www.traderji.com/equities/24457-companion-guide-saints-60-minutes-flow-4.html#post233844

Regarding going just long, I do not know if that is going to help you in any way. I would advice you to be with the flow i.e long and short, but with limited number of adds or with no extra adds at all.

Even if you dont ADD then look at profit at every quater ...... will not be any -ve month

Regards
Satya

 

[KomaL2099]

Hi Satya,

MM rules do not allow me to take leveraged position and hence I have to stick myself into cash market only.

For each specific stock pivot break+filter that confirm up/down move setting a small filter will give false indicator where as setting it to high I can miss the boat.

I understand taking different time frames as preceptive but would like to go slow and and small because I am still not in the flow(discipline) to trade the flow (15/30/60 min)

but JACE doing so you miss the whole essence of 60 min flow.
its a cyclic trade .. if long SL (termed here as SAR) hit we go short .. and vice versa for short.
you will be on a different road .. if long SL will be hit you will have to wait for the cycle to complete and go long again when the Short SAR will hit. well this is not a major problem. the main issue could be explained from ABAN trade we did this month .. Long SAR was hit in loss .. we went short .. Short SAR was hit in profit ... we went long . Again Long SAR was hit in loss and we went short .. if you would have taken it you might have just booked loss as you would have just taken long trades.
Well this is just my view .. you can do paper trades and test it thoroughly if it suits you before involving real money ..

 

[jace48]

This should give you idea about the filters.

http://www.traderji.com/equities/24457-companion-guide-saints-60-minutes-flow-4.html#post233844

Regarding going just long, I do not know if that is going to help you in any way. I would advice you to be with the flow i.e long and short, but with limited number of adds or with no extra adds at all.

Hi SamFisher (This name rings a bell i.e Samuel Leo Fisher)

The link posted above is a pre calculated table I was wondering is how are these values arrived.

For short trades I cannot since I do not sufficient money for trading in futures.