Going With The 60min Flow!!!

[beethoven]

Will surely do that Bee...welcome back. And you too please share if you have any leads on the failed BO.

And why are you not moving stops to todays high?? congestion area around 2845?? but we've had a smooth move below yesterdays low....

Anyways, no harm in doing that also..though I will stick to my new stops.


Rakesh

I do not have software or the historic data to work on. Tried the free fibotrader but down load failed as my OS does not support that. So am concentrating on live trading. Very expensive way to learn - brutal in fact.

After 2868 bar there is only one 1 hour bar and then a 5 min bar - we cannot classify that as congestion. Anyway now it does not really matter as we are way down.

Bee

 

[Prabhjeet]

I do not have software or the historic data to work on. Tried the free fibotrader but down load failed as my OS does not support that. So am concentrating on live trading. Very expensive way to learn - brutal in fact.

After 2868 bar there is only one 1 hour bar and then a 5 min bar - we cannot classify that as congestion. Anyway now it does not really matter as we are way down.
Bee

Thats the reason why I am not wary of moving my stoploss to HOD as the same OPEN & HIGH price on Minifty tells me that we are in most probability going to end at the lowest point of the day

 

[niksan]

I do not have software or the historic data to work on. Tried the free fibotrader but down load failed as my OS does not support that. So am concentrating on live trading.

Bee

Same here. FYI, the free versions don't give you the intraday data. you can at the most get EOD.

I work with Yahoo! charts for intraday. What about you?

 

[rkkarnani]

Agree with the majority, stoloss now at 2847 + 15= 2862.

WHat follows may be a deviation from the rules , but feel it is a microscopic one...........

I would prefer risking ~20 points more and maintain my SL at previous level.

Just a small suggestion for those who are shifting SAR to 10 AM high :
As mentioned by Prabhjeet the SAR comes to 2862 and the previous SAR was at 2868, so why not have your SAR level just above the previous level may be at 2869+ or 2870.20(remebering the 10 paise which saved us from a whiplash).

 

[beethoven]

Same here. FYI, the free versions don't give you the intraday data. you can at the most get EOD.

I work with Yahoo! charts for intraday. What about you?

I use sharekhan tiger trade for live trading and use the charts with candles and 60/30/20 tfs. But they do not give intraday historic charts for more than the live series, I guess.

Anyway I am sick of doing research and reinventing the wheel. I am now into this and miniflow and am trading now to make money - no other pre-occupation and no other reading as I find they distract me to trade in these two systems. I plan to master these to a very large extent and then if possible then think of any deviations to improve upon which is a remote possibility as Saint has already applied his enormous experience and mind.I will just go with the flow, I guess,haha.

My objective is very simple -- make money by trading these two methods

Bee

 

[Prabhjeet]

WHat follows may be a deviation from the rules , but feel it is a microscopic one...........

I would prefer risking ~20 points more and maintain my SL at previous level.

Just a small suggestion for those who are shifting SAR to 10 AM high :
As mentioned by Prabhjeet the SAR comes to 2862 and the previous SAR was at 2868, so why not have your SAR level just above the previous level may be at 2869+ or 2870.20(remebering the 10 paise which saved us from a whiplash).

No sir the levels mentioned by you are uncorrect, previous SAR was 2882.

We should not care how Mini a pivot is on Nifty , we are trading all tiny-miny pivots now

 

[Satyen]

Hi All good morning no komal not hurt at all thanks pattel for charts again waiting more
thanks rakesh,bee ,prabhjeet ,ST for nice discussion

Friends just check out first GAP Against the trends

suppose we are long and a GAP down and first 5 min low + filter broken and reversal did not came i.e 5 min high + filter not broken then it mostly generates a new trend and most of cases GAP down comes below pivot low but even if it is not below pivot low still we have good possibility of trend change

But GAP down should be the first one i.e if we long and pivot crack and short and after that GAP down day then we will not care much about that

Just a obeservation

following are dates which are i am talking about plz check put your views may have skip some GAPS

2/6/08
2/21/08
2/29/08
3/13/08
3/17/08
3/19/08
3/28/08
3/31/08
5/20/08
5/22/08
6/09/08
6/19/08
6/27/08
7/3/08
7/17/08
7/25/08
7/30/08
8/21/08
8/29/08
9/1/08
9/4/08
9/5/08
9/23/08
10/3/08
10/07/08
10/07/08
10/15/08


Regards
Satya

 

[Satyen]

My view :

Regards
Satya

 

[Prabhjeet]

Will bring down SAR to 2743 + 15 at 2 pm

 

[beethoven]

Prabh, playing it a bit too fine, I think. The distance between the present SAR and present congestion high ( still doubtful if you can call it a congestion) leaves a scope for a PH to form. I would wait.

Bee