Going With The 60min Flow!!!

[moneygurukul]

As I said earlier, you may be correct in following what other traders are following regarding gap definition. Then you are trying to change the rules of the trade followed in this thread regarding gap. You should start a separate thread then to give your method.

Now this thread will be practicing those very methods. Happy Practice!

 

[lvgandhi]

Now this thread will be practicing those very methods. Happy Practice!

I think you may want to convey what you said is correct. Still you are not. When my post was done, existing rules were different. Saint has changed a few rules back to what he has said earlier. I hope I made myself clear. I think with this I will stop this argument as I think it is not going in right direction in my opinion.

 

[Prabhjeet]

Now this thread will be practicing those very methods. Happy Practice!

MG the only reason the ules are being changed so frequently are markets itself, the kind of turbulent times that we are seeing have never been seen in 4 yrs. of my trading career and what we are seeing is what will make history tomorrow. VIX at its historical highs is a proof enough.

The new gap rules may work sometimes in our favour or sometimes against us(like today in Nifty fut.) . So we should focus on our trading and avoid any such sarcastic comments.

Focus, thats the need of hour, we are all brothers here

 

[columbus]

MG the only reason the ules are being changed so frequently are markets itself, the kind of turbulent times that we are seeing have never been seen in 4 yrs. of my trading career and what we are seeing is what will make history tomorrow. VIX at its historical highs is a proof enough.

The new gap rules may work sometimes in our favour or sometimes against us(like today in Nifty fut.) . So we should focus on our trading and avoid any such sarcastic comments.

Focus, thats the need of hour, we are all brothers here

Prabh,

Yes, we are going through one of the turbulent times in market.
Coming to VIX (fear index) is very high at 55 ,but four days back
we recorded even higher closing at 57.13.

Good inflation figures, cooling of crude price, etc on one side
,on other side we have Global recession ,P.Notes of FII ..etc .
If crude prices will come down further ,the govt. is made to
reduce the prices of petroproducts.Already GOVT hinted that
the decision will be taken after crude going down below $61 per
barrel.Meanwhile Dollar should not appreciate further,let us hope.

 

[milkyblack]

Nice explanation Sir ...
Should be flexible in market WHEN REQUIRED.... rules made to be followed though rigidly... that does not mean the rules not to be changed!

Thanks

Regards

MG the only reason the ules are being changed so frequently are markets itself, the kind of turbulent times that we are seeing have never been seen in 4 yrs. of my trading career and what we are seeing is what will make history tomorrow. VIX at its historical highs is a proof enough.

The new gap rules may work sometimes in our favour or sometimes against us(like today in Nifty fut.) . So we should focus on our trading and avoid any such sarcastic comments.

Focus, thats the need of hour, we are all brothers here

 

[milkyblack]

Talking about Indices of fear etc Never knew that these also exists....

Can any one tell me how to get the volatility index for Nifty.... want to try options

Regards

 

[moneygurukul]

I think you may want to convey what you said is correct. Still you are not. When my post was done, existing rules were different. Saint has changed a few rules back to what he has said earlier. I hope I made myself clear. I think with this I will stop this argument as I think it is not going in right direction in my opinion.

Well! I do not want to convey anything. One can take it in the way he wants. It's not me but you you who are sitting on judgment if I am correct or not. But then Christ said, "Judge not, that ye be not judged,For with what judgment ye judge, ye shall be judged".

I just want people to understand that evolution comes from understanding and not blindly following the systems. Non-tolerance of incoherent voices takes things to only one direction and that direction certainly is not forward.

Further, you are entitled and most welcome to carry or stop any argument on your convenience. There is hardly any demand from my side for you to stick to it. I like to go with the flow irrespective of my feel about the right or wrong direction of the market and those things apply in all walks of life.

 

[moneygurukul]

MG the only reason the ules are being changed so frequently are markets itself, the kind of turbulent times that we are seeing have never been seen in 4 yrs. of my trading career and what we are seeing is what will make history tomorrow. VIX at its historical highs is a proof enough.

The new gap rules may work sometimes in our favour or sometimes against us(like today in Nifty fut.) . So we should focus on our trading and avoid any such sarcastic comments.

Focus, thats the need of hour, we are all brothers here

Prabhjeet!

These rules are not new. As I said earlier also (perhaps it went unnoticed), these same (the new) rules I learnt here on this forum only a couple of years back and one of my teachers included The Great Saint. He was the person who corrected my tendency to draw the line of best fit as trendline.

I have been trading these methods practically every day on 60-min charts even when there was no thread on traderji forum about 60-minute chart based trading. I was swearing by them 'coz on 60-min time frame, they still worked the best. If we try tweaking methods every other day just 'coz it did not perform good for a few days, we start loosing focus. Unfortunately, in the quest to incorporate everybody's risk-appetite on a single platform (which is not possible; either you change yourself or you switch platform), this thread started moving away from that focus.

I apologize to Saint if I am looking like a critic which I certainly can not dare to become but I could not sit idly while seeing disintegration of a beautiful thing. This forum and its legends are always respected 'coz whatever little I know was learnt here and I will keep on fighting for things which I believe to be right to maintain the quality of discussions.

 

[rakamath]

dear MB,
the VIX or Volatility Index is availble on www.n s e i n d i a .com on the first page. I do not know whether it represents the fear index.

 

[nagakiran]

Talking about Indices of fear etc Never knew that these also exists....

Can any one tell me how to get the volatility index for Nifty.... want to try options

Regards

NSE updates the daily values of VIX at the following URL. you can also get the historical values of VIX.
http://www.nse-india.com/content/press/prs_vix.htm