Going With The 60min Flow!!!

[AmritaBasu]

No rishig its not a pivot in my veiw

Regards
Satya

Hi,

Rishi cld u pls elaborate why u think its a pivot? I am the slowest one here and even I dont see how it can be a pivot ..so if u give ur reasoning , will help someone like me understand better how to identify both the obvious and not obvious pivots

 

[jace48]

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 ..

You have a valid point.

Still for my knowledge is their any guidelines of calculating filter?

 

[rishig38]

Hi,

Rishi cld u pls elaborate why u think its a pivot? I am the slowest one here and even I dont see how it can be a pivot ..so if u give ur reasoning , will help someone like me understand better how to identify both the obvious and not obvious pivots

Reason I think it is a pivot because the 2pm bar (higher high and higher low) had two bars on either side with lower highs and lower lows...just following the palm example explained by Saint (The middle finger with two lower highs on both sides (ring and index now forms a PIVOT.)......

I am still not sure why it cannot be considered a pivot...although I have to admit that the 3:00pm to 3:30pm bar was not a full 60min bar....still need clarification on that...satya, saint sir..help needed....

 

[SamFisher]

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.

Hi Jace

About SamFisher

Ok back to trading...
These filters are generally calculated based on the back testing and trial and error methods, I just trade NF and the filters are pretty much fixed. Other stock related filters I believe are % value of the stock. Others might be able to help you on that.

 

[SamFisher]

Reason I think it is a pivot because the 2pm bar (higher high and higher low) had two bars on either side with lower highs and lower lows...just following the palm example explained by Saint (The middle finger with two lower highs on both sides (ring and index now forms a PIVOT.)......

I am still not sure why it cannot be considered a pivot...although I have to admit that the 3:00pm to 3:30pm bar was not a full 60min bar....still need clarification on that...satya, saint sir..help needed....

Rishi,
I think you have some kind of confusion on your idea of pivots in this case. The bars you are mentioning (3pm) do not qualify at all for pivot lows; even as per hand analogy by Saint. Probably I am assuming you are trying to visualize a Pivot High here? Since we are in a long trade we need Pivot Low. See both the adjacent bars 2PM and 3:30PM bars are lower than 3PM bar. If the 3PM bars were lower than both right and left bars then yes, it could have been pivot low.
Hope I tried to clarify what I know.

 

[rishig38]

Rishi,
I think you have some kind of confusion on your idea of pivots in this case. The bars you are mentioning (3pm) do not qualify at all for pivot lows; even as per hand analogy by Saint. Probably I am assuming you are trying to visualize a Pivot High here? Since we are in a long trade we need Pivot Low. See both the adjacent bars 2PM and 3:30PM bars are lower than 3PM bar. If the 3PM bars were lower than both right and left bars then yes, it could have been pivot low.
Hope I tried to clarify what I know.

thanks...i think it makes sense now...

 

[Reji]

Dear Saint and all others

As an aggressive trader, can one raise his SAR to 3496-15 = 3481, by reviewing 30 Min Chart?

Another query. If no pivot are visible in 30 minutes as well as 60 minutes charts, how many HH bars [or LL bars in the case of shorting], to be formed to modify SAR, to implement 2 bars rule? Is it 4 bars, as in the case of intraday miniflow? Chart attached.

Thanks in advance for everyone.

Regards

Reji

 

[TFL]

Yes Sam jumping from Agressive to Pure is dangerious .... but this sytem is like that in initial stage of trading lot of pshycological problem will arises like consider a scenario when you have huge profit and Stop is way below and market makes down turn and hits your stop ... you sadly reverse your position then again you are making huge gain but now the "I" will come into and you will bokk profits cause you lost good profits in last trade .....
if not you will find excuses to get out from the trade which is in huge gain .....
So unknown trail Stop loss for the trade some time realy test your metal strength ........ and make you become agressive from pure

look at following post of rishig after good profit( we still have to have Good profit ) he may be trying to get out from trade as he dont want this trade to become red
( Please rishig dont take it personaly.... if hurt realy i m sorry )







Regards
Satya

Even Saint sir booked half profit last day...when market opened gap down...
Think he will explain that step to us too...as said earlier to my post...

Hari.

 

[KomaL2099]

What the HELL is this .. Nifty has moved 150 points in favourable direction of trade but the SAR is still 100 points away from my entry price ... I am telling you these guys are NUTS ..only a foolish can do such things ..
This was me few months back when I started following(just following..without using my brain)this thread. Yes it was me who remained anxious until SAR is moved above cost .. it was me who either out of fear or greed used to book the trade early and feeliing pride in doing so.
But a lot has changed eversince I started learning and understanding the system. eyes are not stucked on CNBC continouously for 6 hours .. it doesnt matter anynore how will europe open .. will DOW close +ve or -ve tonight .. will it be a Gap up or gap down tomorrow .. .. really nothing matters .. The only thing that matters most is PIVOT .. above which I am LONG and below it I am SHORT. ..
Belive me there has been lot of value addition in my trading techniques ..
Knowledge and Understanding has replaced the Anxiety
Patience has replaced fear and greed
Most Valuable .. Darling how was Dow tonight has been replaced by Good Morning Sweetheart !!!!!!!!

Kudos to all (now I am including myself) !!!!!!!!!!!

Thanks
KomaL

 

[ARMHM]

Even Saint sir booked half profit last day...when market opened gap down...
Think he will explain that step to us too...as said earlier to my post...

Hari.

He already gave hint why he did what he did. He said he was full position short on many stock futures and although he never did this before he was covering half yesterday because the market continuously made down moves. Just look at the honesty of the man (extraordinary man). He is a true leader and what he is doing is making many leaders and not just followers.