Going With The 60min Flow!!!

[rishig38]

Current Position Of NIFTY in thread

Position Start Date: 16-OCT-2008
SHORT Since : 3125
Stop Loss:3220 + 20 = 3240
Profit/Loss in Current Trade = 3125-3240= -115

We change our Position to LONG if NIFTY Trades below :3240

It should be HOD + 15 and not 20...please make the correction....

 

[Czar]

Man I think this is the 1st time, i have seen, in a single day SAR got triggered 2 times

 

[Satyen]

Have faith in the system and trade/paper trade for atleast a month.One stoploss and our faith in the system gets shaken which only means that some of us are grossly undercapitalised and/or overtrading !!! Sorry to have put it very bluntly .......Not directed to anyone in particular...

This changes made by Saint are really good and this syst will be very very profitable,so keep trading with positions as per everyones position size allowed by MM.

Smart_trade

Hi SM no my problem is pshycological ..... not MM or anything .. till yesterday night i was thinking i m doing right as there was no pivot for me but while saw today morning about rules changed and i m against all the member and still long...... got a shock and realised only lost 500 point nothing more previously earned more than this so losing is not a problem at all for me


Thanks

Regards
Satya

 

[SamFisher]

Man I think this is the 1st time, i have seen, in a single day SAR got triggered 2 times

Czar, if I am remembering correct think it happened some times ago (3/4 months back) Even Vinod's mechanical system got triggered twice that day.

Ofcourse I was not trading any system (was on the loosing streak following my own system)

 

[Smart_trade]

Hi SM no my problem is pshycological ..... not MM or anything .. till yesterday night i was thinking i m doing right as there was no pivot for me but while saw today morning about rules changed and i m against all the member and still long...... got a shock and realised only lost 500 point nothing more previously earned more than this so losing is not a problem at all for me


Thanks

Regards
Satya

Not directed to you Satya,and really nobody in particular...But I read some posts about stopping trading ,hence my post to put things in proper perspective. Apologise if anyone is hurt .

 

[Satyen]

In past two days we were exposed to a stress test. Markets tested us to see how we will perform following fixed set of rules. Followers did what they were supposed do by strictly following the rules till the last breadth. Some others strayed out. The strayed outs made some extra money, and the followers lost some. But followers Earned something that stayed outs lost in their way. They earned and won the integrity and discipline test. I am not telling this as a winner but standing on the loosing side. I do not know how people could develop such a strong discipline and willpower to stick to their plan, probably the dedication in their work trains them mentally to follow the rules and stick to the plans.
Guys do not feel bad thinking that you missed boat; you have shown great strength and mental power I am yet to conquer. If you have those two things in your disposal, no doubts you will be winners in all aspects of life. Thanks for showing what is humanly achievable!

Truly from my heart.

Thanks Sam touched very much yes after that save from circuit closer day it was a stressed trade .... by any means i have decided to stick my rule and did that ....... only to practice Discipline and improve mental strength ....(When you have no other income and your bread and butter depends on market realy need guts to stick to plan )
see you are long and every other man short in this thread( including our Teacher ) in moring should have mental stamina to stick with plan and i m happy i sticked to it
may be these are preparation for biger lots

I am thank full that i get this type of situation occures ealry part of my trading

Thanks
Satya

 

[rishig38]

I just have a feeling that we might have a circuit day and the markets will shut for an hour

lets see...

 

[Satyen]

Shorts triggered for people following the mini flow thread at 3138...that is too close to our SAR of 3120...

it seems many people here will have to go for vacation now

Yes friend will go to vacation .... but please wait here when we return back to welcome us


Regards
Satya

 

[milind]

In past two days we were exposed to a stress test. Markets tested us to see how we will perform following fixed set of rules. Followers did what they were supposed do by strictly following the rules till the last breadth. Some others strayed out. The strayed outs made some extra money, and the followers lost some. But followers ‘Earned’ something that stayed outs lost in their way. They earned and won the integrity and discipline test. I am not telling this as a winner but standing on the loosing side. I do not know how people could develop such a strong discipline and willpower to stick to their plan, probably the dedication in their work trains them mentally to follow the rules and stick to the plans.
Guys do not feel bad thinking that you missed boat; you have shown great strength and mental power I am yet to conquer. If you have those two things in your disposal, no doubts you will be winners in all aspects of life. Thanks for showing what is humanly achievable!

Truly from my heart….

Sam,

Agree fully with your sentiment. For investor, going through few bear markets, losing money (treat it like tuition fee) - the experience teaches you.

However, have we learned something as far as the method goes? (20/20 hindsight ON) There was a degenerate case in the old gap rules, which let losses continue indefinitely. The new gap rules cover that. Secondly, having SAR 200-300 points away was a bad news. Need to figure out if thats taken care of (gap, and or vertical pivotless region?)

Regards,

-- Milind

 

[rishig38]

Yes friend will go to vacation .... but please wait here when we return back to welcome us


Regards
Satya

Satya, I was holding my longs just like you....its too bad that instead of doubling up on our profits, we ended up being in a loss...but anyways, take a position in mini nifty...but lets follow the method