Going With The 60min Flow!!!

[man4urheart]

Thanks SAINT, this week I stopped trading as I felt I am not made for this startegy! Too much action now in strategy better to stay out! and watch from sidelines!

I guess I will be able to get back soon, after digesting the new startegy!

 

[musicjunkie]

Saint,
Had afew questions on MM, but I see your a little tied up......will ask when you free...over weekend perhaps?

MJ-

 

[Saint]

Wait, about the 2 bar method, are we supposed to use it in NF or not? Your post makes it seem both ways, Saint...

NF moves in pivots........use the 2 bar method in ABAN,HDIL......here pivots,but aggressive pivots......there will still be entries and exits faster than last time as we are not oscillating between two variations.

Saint

 

[Saint]

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Is this due to difference in data .I am using soumya's data
regards

Yes Failth...

Saint

 

[Sec 5 (Pyr)]

NF moves in pivots........use the 2 bar method in ABAN,HDIL......here pivots,but aggressive pivots......there will still be entries and exits faster than last time as we are not oscillating between two variations.

Saint

So in another nutshell, we only trade in NF using aggressive pivots and regular gap rules. The "profitable trade gap rules" only kicks in under extreme circumstances. No 2 bar.

 

[KomaL2099]

 

[Saint]

There has been an amalgamation of 2 variations and an addition that was meant to fine tune things further..........well,when things were going fine,no need to fine tune.So dropping the last bit.

But careful on the 1st line......most were practising the Old way,think only Rakesh,MJ,MB,Smart Trade and a few others were seeing things the other way.

So careful when you say that everything is back to before.......am going to make things clearer:

a.We are trading the 60min Flow.....so we are NOT turning to 30min charts,to reiterate NO 30min charts.

b.We are trading PIVOTS-----not just visually obvious ones,not those big pivots that are evident even when you look at daily charts ......ALL Pivots,to reiterate,ALL PIVOTS.....Trading ALL pivots is what Rakesh describes as aggressive pivots.

-----Again,careful,before you take that line for granted......It is not as easy as it looks.Visually obvious pivots are obvious.....These pivots are obvious to me and afew others,but most are going to miss out,and will remain short,long after I have reversed to longs.........So,a bit of training the EYE is required.

Careful,my friends,when you say that all is back to Square One........these pivots are spotted by Rakesh especially very effortlessly,but noticed that others were struggling........but this is a learning process and everyone will soon see it.

But I have to reiterate this point.......ALL PIVOTS,and don't get into 5 bar,3 bars,major/minor......so careful.

c.We are still reversing at 15 and adding at 7.........the moving filter still stands in gap plays.

d.We are still trading the gaps the same way.......we have our SAR at previous pivot lows in an uptrend.Gap down next day below the pivot lows.Allow the 5min bar to form,Reverse Short below it.Instead we had a Gap down but above our pivot lows.Hold as always.We have had an uptrend and then a monster gap up ........ allow that first bar to form and short the 5min bar -Rs20.

Nothing new to the Gaps Play.......there is a lot that one can squeeze out of the Gap Plays,but no reason to add turbulence to the quiet 60min Flow......especially because we are already capitalising on the Gaps using the Intraday MiniFlow.



So,basically back to the Previous Ways with a warning:-Be careful on what you understand as the Previous Way

Saint

 

[Saint]

Yes Komal......and great Eye!

Saint

 

[rkkarnani]

Originally Posted by Saint
NF moves in pivots........use the 2 bar method in ABAN,HDIL......here pivots,but aggressive pivots......there will still be entries and exits faster than last time as we are not oscillating between two variations.

Saint

So in another nutshell, we only trade in NF using aggressive pivots and regular gap rules. The "profitable trade gap rules" only kicks in under extreme circumstances. No 2 bar.

Check the link of latest rules by Saint :
http://www.traderji.com/equities/21903-going-60min-flow-655.html#post235899

Also check the charts on page 655 where Saint has used 2 bar rule in Nifty!!!

 

[Saint]

So in another nutshell, we only trade in NF using aggressive pivots and regular gap rules. The "profitable trade gap rules" only kicks in under extreme circumstances. No 2 bar.

Yep Sec5.......what do I call you?Sec 5??

Saint