Going With The 60min Flow!!!

[KomaL2099]

ABAN is still Short. SAR at 939+20=959. right ???

 

[SamFisher]

Reversal to longs triggerred at 3195

Saint

I think all the brothers and sisters 'United' now...

Thanks to new rules Saint

 

[Satyen]

Dont Know others . but todays Stop triger then it will triger holiday for me

Regards
Satya

 

[vinst]

We are already short from yesterday.....but yes,the new Gap Rules would have got us in short from the 14th 2nd Bar.

For today,NF is gapping down to more than 200 pts.........same rules,nothing changes......allow the first bar to form.

High +20=Reversal to Longs.
Low-20=Stops

Saint

short since yesterday on NF? I missed it

vin

 

[sandeep721]

Dear Saint,

Thanks a lot for the new rules. Cleared a lot of confusion that had recently crept in my mind. Will always be indebted to you for teaching me and all others so selflessly .

Request you to clarify one more doubt , Will the filters remain the same for LT,HDIL,RELCAP and others

 

[alokdaga]

short since yesterday on NF? I missed it

vin

As per new rules posted by Saint

 

[rakeshluthra430]

Let us get down to it......


C.VISUAL GAPS:A visual gap is simply a gap that can be seen visually.......Scenario 1:You are holding short positions in NF,and market gaps down visually...not 0.5%,not 1%,not 5% and all that........visually.Reverse to longs-initial posns- on the break of the 1st 5min bar.I hope you understand.......no waiting for 3 days and 4 days.........Visual gap down in the direction of your short positions ......Go long Rs20 above the first bar.Nothing to be done if prices keep plummetting in the direction of trade.

Scenario 2:You are holding short positions and market gaps up visually on your 60min charts.........wait for the first bar to close(5mins),long above that bar by Rs20,stops below that bar by Rs20 in case reversal back to shorts happen on the same day.Nothing to be done if longs don't trigger and price falls from there.

Scenario 3:You are holding longs and market gaps up visually......Reversal below the frst 5min bar's low with stops at 5min bar's high.If lows trigger by Rs20,exit longs and enter short.Nothing to be done if price gaps up and keeps shooting up.

Scenario 4:You are holding long positions,and market gaps down visually.........wait for that 5min bar to close.Short below that bar by Rs20 with stops Rs20 above incase market reverts to longs the same day.

There is no more analysis of whether gap is below the stop or not........every visual gap the direction of the move which is against the direction of the trade calls for a reversal.

The Rs20 level in case of visual gaps,is a moving filter,which we have been using in the Intraday Mini Flow..............NF gaps up to H 3500 L3466,the next hourly candle has to hit 3520 for us to reverse to longs.....If it reaches 3515,our new entry price is 3535.

There is no moving filter in case of pivot reversals and 2bar method reversals.


All the best!
Saint

Saint,

Just a small question...on use of gaps.

What I understand is... Any visual gap, whether in our favour or against our position....whether comes after 1 day or 10 days of our taking a trade....has to be traded. We go long above high+20 and/or we go short below low-20. Am I getting it right? (the only criterion here is VISUAL)

One more thing.....the Adds in this scenario will also be at a space of 20, and not of 7.

Kindly confirm. Thanks a lot for your patience. Its unimaginable to see a person so successful waking up till 4 in night (or is it morning) to teach us his method. No one else would have done it....its only you.

Thanks for everything....and also please pardon us lesser mortals who keep bugging you every now and then.

Rakesh

 

[man4urheart]

Dont Know others . but todays Stop triger then it will triger holiday for me

Regards
Satya

IF Stoploss triggers I will say goodbye for 2 months!

 

[niftychance]

Dont Know others . but todays Stop triger then it will triger holiday for me

Regards
Satya

IF Stoploss triggers I will say goodbye for 2 months!

Friends

In trading a single trade should not matter so much ... Maybe time to review position sizing ...

Its ok to make mistakes, but fatal to keep repeating them...

Thanks

 

[milkyblack]

This is a trending market and if in this case if one weakens due to some trigger of SL then what would happen in a trading range market!

As NC mentioned above... position sizing is the key to take stops... that is why take an initial position... and then add to it if the direction of the trend gets strength.

Regards