Going With The 60min Flow!!!

[rkkarnani]

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

Dont think so Prabhjeet!! The rules have not been changed frequently!!! The one and only time the changes were made by Saint were done recently, and the gap rule was brought back to its original form!!! Yes, I agree Saint might have perceived that the change in Gap rule shall be helpful and in a short time he probably did not find enough strong reason to have changed it in the first place, so he simply brought it back to its original form!!!
Its all about the success ratio!!! True gap rules may at time be for us and at other times against us... all we need is that they (gap rules) are more frequently in our favour than against!!!

Totally agree on Focus!!!!

 

[rkkarnani]

Dont think we are using the "visual Gap" method anymore. We trade only pivots..
My understanding...

MJ-

Yes, mainly the Pivots, but there are some exceptions to this rule, though very rare occurence!!!

 

[rkkarnani]

There is no Gap-Up here. A Gap-Up day must open above the high of the previous day while a gap-down day's low should be below the low of previous day.

Today's every tick, so far, is inside previous day's range.

Saint does not talk about the gaps as mentioned by you!!! Gaps are gaps when the last close and next days open has a gap 'visually'!!!

 

[rkkarnani]

One can not stop bothering about close or adjusted close if that is a definition point. Both appear on chart and a trader must know which level is more respected later on. One must know what is the yardstick before measuring relative action.

Both the points do not appear on the chart, i mean the same chart!!! Most of the RT charts have the actual traded level as closing rate and not the adjusted close!!! I know about my vendor and eSiganl!!! All the charts posted by Saint till date have the actual close and not the adjusted close!!!

 

[rh6996]

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.

Here is another rkkarnani in the making, who jeopardised the flow of this Flow thread by imposing repeatedly his own ideas here, misleading and confusing people!! It was a concerted effort from a lot of us here that he mended his ways and now a days keeps his trap shut!!! Please follow suit and leave the followers alone and allow them to follow their teacher with no distraction!!!
-Kanchan

 

[rh6996]

moneygurukul;240779]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.

What was your avtar then....your current avtaar joined Traderji only in May 2008!!!!
Just becoz Saint corrected your wrong tendency in your previous Birth, you are repaying to him by 'correcting' him in your rebirth!!!

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.

Its people like you , rkkarnani, sometimes prabhjeet, who tend to confuse people here....Saint chnaged it once and that too for a brief frame of time period, it was brought back again to original rule!!
And how boastful to claim : I have been trading the 60 minutes flow for years!!!

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.

Elephants move, dogs bark!!!! Do you think your criticism would affect Saint, no way!!!! Dont value yourself so high!!! U are no match for Saint, u cannot take a small adverse line written against your view by LVG, shows your patience level and you talk of yourself and Saint in the same sentence!!!

Please leave this thread alone, if possible, otherwise do continue!!! All yours!!!

Best regards
-Kanchan

 

[orderflow13]

for heavens sake dont tell me ur saints follower rh6whatever, why u so loud and personal and why making fuss of some trifle thing ??... saints calm and collective nature reflects in his methods , ...ur disturbing the calmness of forum
some senior better take action on that post, as a third person to this thread i am finding it extremely offensive for anyones liking.

 

[rkkarnani]

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.

Hi MG, Why dont you post your views in a separate thread about the 60 minutes chart based trading, ofcourse if you are willing to share!!! All here would be eager to learn a few newer things from a veteran!!

There is no loss of focus at all, dont know from where this term came!!! Saint changed the gap rules for , i think less than a week and it was back to its old form!!! As you also say its about 'evolution',!!!! Everyosne risk appetite can be quenched on a single platform provided we understand the basics and follow the R/R ratio properly!!! The rule for money management so clearly set forth by Saint is the right solution!!!
I myself have been doing the mistake of posting my suggested tweaks here and causing confusion but not any more!!! All the discussions about tweaks takes place through PM,s only!!!
Not meant to criticise you please !!!

 

[milkyblack]

Thanks rakamath and nagakiran for providing me the link

Regards

 

[rkkarnani]

Here is another rkkarnani in the making, who jeopardised the flow of this Flow thread by imposing repeatedly his own ideas here, misleading and confusing people!! It was a concerted effort from a lot of us here that he mended his ways and now a days keeps his trap shut!!! Please follow suit and leave the followers alone and allow them to follow their teacher with no distraction!!!
-Kanchan

I thought you have changed and focusing more on your discipline in trading, but seems not!!! Some people never learn!!! Had thought of ignoring your post but seems you need to be reminded that your continued attck on me about my previous posts does not bother me!!!! Frankly it more out of pity for you than being angry at you!!!
I know you lost some big amount due to one of my posts which suggested some tweak and you followed the same and lost heavily!!! But Kanchan, I did not ask you to folow me, my post also must have said that its my idea and not Saints, and also my post would not have encouraged you to take so heavy leveraged position!!!
Seems you are so obsessed with that loss that even on a slightest indication of any one giving a view different from that of Saint you get hyper!!!

Take my advise :

Consult a psychatrist!!!

It is a sincere advise and not a joke!!!!