Going With The 60min Flow!!!

[vinst]

Hello Saint,

From last 15 days i was a silent visitor in ur threads(Mini Flows & 60min Flow).
Liked the simple and effective systems of urs, i followed it and even exiting markets in profits.
Now i want to make my 1st post.

In mini flows and 60min flow, if seniors use 1 excel sheet for each scripts separetely i.e ( in mini flow 1.Nifty fut 2. HDIL 3. JP 4. LT ..)& (same in 60min flow) for the whole month.
And update them(excel sheets) in market hrs as they r doing by making posts in market hrs.
e.g samfisher have done earlier for Nifty in 60min flow.

Bcoz sometimes it becomes confusing for aggressive and pure.

Now aggressive and pure do not exist separately, They are unified with Saint's new rules given recently.

regards,
vin

 

[kapil123]

Circuit Breakers
The Exchange has implemented index-based market-wide circuit breakers in compulsory rolling settlement with effect from July 02, 2001. In addition to the circuit breakers, price bands are also applicable on individual securities.

Index-based Market-wide Circuit Breakers
The index-based market-wide circuit breaker system applies at 3 stages of the index movement, either way viz. at 10%, 15% and 20%. These circuit breakers when triggered, bring about a coordinated trading halt in all equity and equity derivative markets nationwide. The market-wide circuit breakers are triggered by movement of either the BSE Sensex or the NSE S&P CNX Nifty, whichever is breached earlier.

In case of a 10% movement of either of these indices, there would be a one-hour market halt if the movement takes place before 1:00 p.m. In case the movement takes place at or after 1:00 p.m. but before 2:30 p.m. there would be trading halt for hour. In case movement takes place at or after 2:30 p.m. there will be no trading halt at the 10% level and market shall continue trading.


In case of a 15% movement of either index, there shall be a two-hour halt if the movement takes place before 1 p.m. If the 15% trigger is reached on or after 1:00p.m. but before 2:00 p.m., there shall be a one-hour halt. If the 15% trigger is reached on or after 2:00 p.m. the trading shall halt for remainder of the day.


In case of a 20% movement of the index, trading shall be halted for the remainder of the day.
These percentages are translated into absolute points of index variations on a quarterly basis. At the end of each quarter, these absolute points of index variations are revised for the applicability for the next quarter. The absolute points are calculated based on closing level of index on the last day of the trading in a quarter and rounded off to the nearest 10 points in case of S&P CNX Nifty.

The above text is from NSE circular
The closing level of spot as on 30-sept (quater ending) was 3932. And 10% of that amounts to 390. So the circuit was 390 points on spot till 2.30 pm and 15% after that

 

[Reji]

Moving SAR in NF down to 3010+20=3030

Shall explain after market.

Saint

Dear Saint,

On 23rd, we moved NF SAR to 20 points above the high of second bar. Could you please explain, why we did so?

Chart attached.

Regards,
Reji

 

[rkkarnani]

Dear Saint,

On 23rd, we moved NF SAR to 20 points above the high of second bar. Could you please explain, why we did so?

Chart attached.

Regards,
Reji

My view :
We had a gap down in the direction of our Short trade!! As per latest rules for gaps, we are to wait for a PH to go long!!!
The second bar becomes a PH on close of bar three!!! Room should be 15 in this case!!
More over , now while writing it seems to me that only Saint needs to answer your query as on checking I found Saint had advised the reversal level of 3010+20 at ~11.30 , before bar three was closed!!! Though 30 minutes chart clearly gives a hint, but only Saint can answer, I am just speculating!!
Saint , Please reply per your convenience!!!

 

[SamFisher]

Saint or anyone,
Can anyone reply to following post I did couple of days back?

With reference to the above picture I have a very basic question...

1. Assuming that at this point we are on a SHORT trade.
2. Next pivot high so our SAR.
3. Is this point a valid new pivot high as per our current rules?
4. If so should I set my SAR at the high of bar 12 pm (point 3), at the beginning of this bar (point 4) or do I need another bar to confirm the pivot high?

Thanks

 

[vinst]

Saint or anyone,
Can anyone reply to following post I did couple of days back?

I feel neither (3) nor (4) is a new SAR, It remains at (2).

vin

 

[inspire]

Saint or anyone,
Can anyone reply to following post I did couple of days back?

Sam,

I am taking that the the above bars you have mentioned are of Sep 20 and Sep 21.
Sep 21 , 1pm bar is your point number 3.
At the end of this bar, we have a valid pivot in our hands (even if it is lower than Sep 20 2pm bar, your point number 2). IMHO, this is a valid pivot as per SAint's rules, as per my understanding.

We are happy to have got a pivot. Assuming we are short, our SAR immediately moves to the high of this bar + filter. We are indeed waiting for this to be taken out and happy to go long also at that point (Because our SAR after going long would be the very same bar and so less risk). We do this at the completion of the Sep 21 1pm bar and beginning of the next bar.

We need not wait for the next bar to complete. By waiting for the next bar to complete (assuming the wait is for confirmation of the pivot) we bring in subjectivity into play. The next bar could have been a WRB etc etc......


Hope this helps and Happy , Peaceful & Prosperous Diwali.
Regards
Inspire.

 

[Smart_trade]

Saint or anyone,
Can anyone reply to following post I did couple of days back?

Hello Sam,

According to me the Point No 3 is a very valid PH as per new rules as the market has flipped its direction from UP to DOWN from this point.

You can set your SAR at high of 12 noon bar or point 3 at the beginning of bar 4 and you dont need to wait till another bar gets formed .Bar no 4 how it closes has no bearing on PH at bar 3.

Best Wishes,

Smart_trade

 

[SamFisher]

Saint or anyone,
Can anyone reply to following post I did couple of days back?

I feel neither (3) nor (4) is a new SAR, It remains at (2).

vin

Sam,

I am taking that the the above bars you have mentioned are of Sep 20 and Sep 21.
Sep 21 , 1pm bar is your point number 3.
At the end of this bar, we have a valid pivot in our hands (even if it is lower than Sep 20 2pm bar, your point number 2). IMHO, this is a valid pivot as per SAint's rules, as per my understanding.

We are happy to have got a pivot. Assuming we are short, our SAR immediately moves to the high of this bar + filter. We are indeed waiting for this to be taken out and happy to go long also at that point (Because our SAR after going long would be the very same bar and so less risk). We do this at the completion of the Sep 21 1pm bar and beginning of the next bar.

We need not wait for the next bar to complete. By waiting for the next bar to complete (assuming the wait is for confirmation of the pivot) we bring in subjectivity into play. The next bar could have been a WRB etc etc......


Hope this helps and Happy , Peaceful & Prosperous Diwali.
Regards
Inspire.

Hello Sam,

According to me the Point No 3 is a very valid PH as per new rules as the market has flipped its direction from UP to DOWN from this point.

You can set your SAR at high of 12 noon bar or point 3 at the beginning of bar 4 and you dont need to wait till another bar gets formed .Bar no 4 how it closes has no bearing on PH at bar 3.

Best Wishes,

Smart_trade

Thanks guys for the reply,
Well I too feel that bar (3) should be a valid pivot high, as this bar moves down well beyond the low of previous bar.
But now interested in what Saint had to say

Happy Diwali to all the friends here.

 

[ARMHM]

Nice joke,Since we are in the FLOW we laugh to bank in the gains.But some poor people are bleeding by seeing their networth dwindling from 100% - 25%.
lets pray to god for markets to recover like phoenix.(so we could make still some windfall profits).

Is there any guarantee that if the market recovers all who have suffered will recover their losses and smile again? The answer is NO. There are people who lost heavily during the bull run. And there are many (true followers of "60min flow") who do not care wether market goes up or down. Hoping and praying is the last thing one should do in the market. Dance with the flow and you will have everyday Holi and every night Diwali.