Going With The 60min Flow!!!

[rakeshluthra430]

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

So relieved Sir, you just made things much more earier for me and others...
Also a big Thanks, for keeping me too in your good books. Ah, I am a prouder man today.

Thanks a lot,
Rakesh

 

[Pattel]

Ok, then we can request Rakesh to do that, if he is ok with it ...

Btw, How many of us here are willing to post 3 months of backtest ?

If we have 5, 6 then we can cover 1.5 years ...

Thanks

Satya and NC,
No change in plans because of rule changes done today right? I started my tests based on old rules, which saint just dumped today. I'll start over again with latest changes. I'll pickup Sep07, Oct 07 and Nov 07. Will take more if there isn't any takers. OK?

 

[Saint]

Saint, extremely sorry to bother you with this one.... I am getting confusing signals after reading a few posts!!! In your rejoinder of rules could not find mention of 2 Bar rule ofr Nifty!!!
Seems I am missing out something :
Can you please put it straight forward : Do we use 2 bar funda in Nifty Futures!??
If yes, its fine.

If no!!! Then how do we handle WRB's!!!!

Basically NF moves in pivots and best to let it do so without us getting involved........but then when there is the WRBs,then of course the 2 bar method....but cannot remember the last time where the 2 bar triggerred a reversal in NF.......very frequent on ABAN,HDIL.....but we have no choice if WRB make a vertical move to the up.

Also,not just for WRB.....also a move that has no pivots will kick in the 2 bar method.

Saint

 

[Saint]

Thanks for putting that in the most crisp way possible. Easily understood, let's see how easily(or not) it is for those of us whose names don't start with "Saint" or "Rakesh" to implement...

I think it should be manageable if all our pivots are derived from the 60, no matter how obscure the pivot may be.

There is already a long list other than Rakesh,my friend,........all of them seeing things well,.......................SmartTrade,MB,MJ,Prabhjeet,RK,Komal, LVG,Satya,Ankit,Segul,NiftyChance among others.

You are relatively new here.......but judging from your posts so far,you will not have any difficulties.

Saint

 

[niftychance]

Satya and NC,
No change in plans because of rule changes done today right? I started my tests based on old rules, which saint just dumped today. I'll start over again with latest changes. I'll pickup Sep07, Oct 07 and Nov 07. Will take more if there isn't any takers. OK?

Hello pattel

Thanks for taking the initiative, I will start with Aug, Sept & Oct 2008.

As for the rules go, not much change, infact a rollback ... with added advantage of 2 weeks of personal help from Sir

Once all the months in between are covered, we can discuss (maybe via pm)how to double check them and later share them here ...

Thanks

 

[VJAY]

Saint sir,
Thanks for restructure of rules for 60 flow.I personally unable to trade in 60 & mini flow together after new gap rules.Difficulty in handling both flow.I think now it is ok.
From today trading in paper first.and try to gain confidence in it specially looking pivots.All my doubts are there from seniours and others.so I will clear my doubts from their posts.

Regards
VJAY

 

[lvgandhi]

Hello Friends

Can we make a comprehensive List of stock futures to track for next 2 weeks ...

1. Nifty Future
2. ABAN
3. HDIL
4. JPA
5. RELCAP
6. LT

Can you add to the list ...

Thanks

It will be nice to have rooms/filters for all these for various occasions like
Reversal, Add and Gap trading.

 

[lvgandhi]

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

Dear Saint,
First all of us owe much to you four efforts to help us continously.
I have a request to make.
Though you are clear in your statements, still I feel your one post containing amalgamated rules will go a long way for slow understanding people like me. Please do it at your convenience.

 

[niftychance]

It will be nice to have rooms/filters for all these for various occasions like
Reversal, Add and Gap trading.

                            [B][SIZE="4"]60 Mins Flow[/SIZE][/B]

[B][SIZE="3"]Ticker		No of Adds	Filter	 ADD	2-Bar/Gap[/SIZE][/B]
 	
NIFTY		    3		 15 	 07	    20

ABAN		    5		 20  	 10	    25

LT		    2		 10  	 07	    10

HDIL		    2		 02  	 01	    02

JPASSOCIA	    2		 02  	 01	    02

RELCAPITA	    3		 15  	 7	    15

I have been trading only NF, so will need to verify other filters by Sir or someone who has been trading them...

Thanks

 

[uasish]

Dear Saint,
First all of us owe much to you four efforts to help us continously.
I have a request to make.
Though you are clear in your statements, still I feel your one post containing amalgamated rules will go a long way for slow understanding people like me. Please do it at your convenience.

If possible,plz look into this matter.