Going With The 60min Flow!!!

[rakeshluthra430]

If the current bar failed to cross 3043 shall change SAR to 3043+20 to 3043+15 as it will be a vilid pivot then. reversal happened from that level twice.
Any views ???

Komal,
Since Saint has thanked your post, means your view is correct. I was using 15 point space above the morning high as my stop.

I think I am not too sure about when to use the gap rules. Read somewhere that Saint has mentioned that he is still working on something to tackle the gaps..and so we treat them as we used to in pre-September days.

If you or someone can summarise the latest rules related to gaps, I would be highly obliged.

Thanks,
Rakesh

 

[tanewbie]

Hi komal can you please post a chart if u r not too bussy


Regards
Satya

 

[Satyen]

Hello,

Rules to trade the 60 Minutes Flow as I understand them ...

Timeframe

• Use 60 Minutes chart with following setting.
  First candle of 5 minutes 9:55 to 10 AM followed by 5 Hourly Candles/Bars from 10 AM to 3 PM & last one of 30 Minutes from 3:00 to 3:30 PM.

Position Sizing & Risk Management

• Start with position equivalent to 1.0% risk, while adding intraday keep risk below 2.0%, around close adjust the position size to keep risk between1.0% to 1.5%

ENTRY / EXIT

• Go Long as the price moves above the previous hourly Pivot High + Filter and
  
  
• Go Short as the price moves below the previous hourly Pivot Low Filter

GAPS

• If Long and if the price opens with a Gap below the SL, hold on till the first 5 minutes bar is completed then shift the SL to Low of first 5 Minutes Filter.
  
  
• If Short and if the price opens with a Gap above the SL, hold on till the first 5 minutes bar is completed then shift the SL to High of first 5 Minutes + Filter.

Sideways Moves

• After a prolonged sideways move, consider the low and high of the congestion as pivot low and high.

V-Pattern

• After a high gradient steep move which may include gaps and/or multiple WRBs, use the 2 bar method to reverse

ADD

• When Long, Add as the price moves above the new pivot high + filter and
  
  
• When Short, Add as the price moves below the new pivot low filter

Note:
Higher Pivot Highs defines an uptrend. Lower Pivot Lows defines a downtrend

As a Flow Trader, always be with the Flow (Trend) of the Market

To define a pivot Go with the Eye, pivots are Visually Obvious Pivot

Thanks

Thanks

Regards
Satya

 

[KomaL2099]

Komal,
Since Saint has thanked your post, means your view is correct. I was using 15 point space above the morning high as my stop.

I think I am not too sure about when to use the gap rules. Read somewhere that Saint has mentioned that he is still working on something to tackle the gaps..and so we treat them as we used to in pre-September days.

If you or someone can summarise the latest rules related to gaps, I would be highly obliged.

Thanks,
Rakesh

Rakesh
There were few changes defined by Saint pertaining to GAP rules post the new rules were published.
This is what latest I know.

If GAP opening is against your trade
a) but do not surpass your SAR, SAR remains where it was a day before. No change in SAR. No 5min bar rule.

b) if it Surpass your SAR. New SAR is 5min high+20. If triggered we go long with SAR as 5min low-20.
today was this case. But now as the high is a valid pivot we change room to 15.

I am sure you know all this already ...

 

[KomaL2099]

 

[musicjunkie]

Saint suppose we were long yesterday (Hypothetically of course), would we have reversed to shorts at the 11am and 12pm bars?

Your italicized thanks will be enough for a "yes"....

MJ-

 

[rakeshluthra430]

Rakesh

If GAP opening is against your trade

b) if it Surpass your SAR. New SAR is 5min high+20. If triggered we go long with SAR as 5min low-20. today was this case. But now as the high is a valid pivot we change room to 15.

I am sure you know all this already ...

Thanks Komal, I didnt know this....I guess will revisit the changed rules and backtest them again....

But still not sure about the stops for Long trade if that was triggered today. You mean, had we broken the 5 min highs, our stops would have been at the first 5 min lows, instead of the last pivot??

Thanks again,
Rakesh

 

[beethoven]

Saint suppose we were long yesterday (Hypothetically of course), would we have reversed to shorts at the 11am and 12pm bars?

Your italicized thanks will be enough for a "yes"....

MJ-

MJ

The entire hullaballoo over the weekend was on this only - hahaha

Bee

 

[musicjunkie]

MJ

The entire hullaballoo over the weekend was on this only - hahaha

Bee

Ah...I know...but I Think the biggest ability a trader should have is the ability to change,tweak, accept mistakes....throw away the unnecessary and keep things simple...
Many people Iv seen posses that ability here, they will go far...all taught by one man.

Regards,
MJ
(lets all try not to talk about what happened over the weekend, all eyes on the pivots now)

 

[SamFisher]

A PH in 15 min. TF at high of 12.45 PM bar!!!

You dialed the wrong number Sir!