Going With The 60min Flow!!!

Which Futures do u all trade with real Money?

  • MiniNifty

    Votes: 28 40.6%
  • Nifty

    Votes: 50 72.5%
  • Aban

    Votes: 16 23.2%
  • L&T

    Votes: 18 26.1%
  • Hdil

    Votes: 6 8.7%
  • JP asso

    Votes: 6 8.7%
  • RIL

    Votes: 5 7.2%
  • Relcap

    Votes: 11 15.9%
  • Suzlon

    Votes: 6 8.7%
  • Educomp

    Votes: 8 11.6%

  • Total voters
    69
  • Poll closed .
Status
Not open for further replies.
11892 is upper circuit for gold...right now, GOLD at 11820...

Saint, what do the rules suggest in such a case when circuit is in sight?
I have not seen any reply from saint about circuits and the 60 min flow, but based on the method and the way it works, I would treat a circuit hit as a day rolover and apply gap rules appropriately once trading resumes in normal way.

The only problem you can face is that the instrument hits the upper circuit and then stays there for a few days, followed by a few days of trading at the lower circuit. Very rare, but happens in runaway future markets quite often and in those cases you can only hope to get out whenever the market gets back to normal trading! Typically if you are long and the instrument hits the upper circuit, then you are ending up with additional profits. And since you are not day trading, that is something similar to gap openings in your fabvour, and hence needs to be treated as such..

-- no1lives4ever
PS: Is there any source for past intraday data for mcx? I have only seen eod data for mcx.
 
5 mins data of mcx gold from 22/7 till date in csv format.

d/l fr:
http:// r apidshare.com/files/162464806/in_gldm.1.csv
Does not look very good for trading with the 60 min flow.. Bar size all over the place and tons of bars with big tails! Also liquidity is pretty low, so there can be big slippage..

What really makes the MCX interesting is the huge timeframe during which one can day trade..

-- no1lives4ever
 

rkkarnani

Well-Known Member
I have not seen any reply from saint about circuits and the 60 min flow, but based on the method and the way it works, I would treat a circuit hit as a day rolover and apply gap rules appropriately once trading resumes in normal way.

The only problem you can face is that the instrument hits the upper circuit and then stays there for a few days, followed by a few days of trading at the lower circuit. Very rare, but happens in runaway future markets quite often and in those cases you can only hope to get out whenever the market gets back to normal trading! Typically if you are long and the instrument hits the upper circuit, then you are ending up with additional profits. And since you are not day trading, that is something similar to gap openings in your fabvour, and hence needs to be treated as such..

-- no1lives4ever
PS: Is there any source for past intraday data for mcx? I have only seen eod data for mcx.
We do not have circuits in Futures Contracts!!!
 

ThE HaMmEr

Well-Known Member
hi Team :)

i have done some backtesting on gold mini commodities......the resuts are mindblowing..........

i am hereby posting the backtesting results........

A FEW THINGS TO SAY........

i have just 2 months experience wid the flow system........i am bound to do some mistakes........

here while doing the backtesting i had only 1 thing in mind.... go with the eye......i have taken only 60 min pivots which are clear to the eye..........

the filter used is 30 for entry and 20 for adds.......

4 bar rule doesnt help much coz there are big movements either ways............

so only pivots wud do......and a lil bit analysis..........

regarding adds......i added where d move is a WRB...or a good move....add above it.....
i have taken only 1 add.....

if initial entry is x then add is x .....

every 1 has a different eye......so what i am seeing might sound wrong to others...........so please help me make dis data more accurate...........

a lil bit working is required....regarding adds and managing the trades..

i hereby request all seniors......saint sir..........and all the 60 min flow team......to come together and analyse this data........correct all mistakes...........reconsider all d rules............and i am pretty sure within a week's time we will b ready to trade gold...........


i am attaching the detailed explanation of the trades

also the total profit/loss in a diff. file(with , without adds)

in d next few posts i will post the charts.........which den we can quote and discuss.......

regards :)

neeraj
 
Last edited:
Status
Not open for further replies.

Similar threads