Going With The 60min Flow!!!

[ratan jain]

Your short is wrong it should be 7236456-xyz+2/39*1.845
and the SAR should be 98420420420

Thanks... modified my order

 

[beethoven]

Does anyone have proof/know for sure either way?

I would love for bee to be right.

Sec 5. Call your broker. Better still read the explanation on trigger and limit orders in the brokers literature with you.

I think I am right

Bee

 

[Saint]

Frankly, I find this conspiracy theory quite ridiculous and entertaining. There are perfectly normal explanations of what happened. Some volume data - 900K contracts traded yesterday and about 60K in half an hour where SAR level was tripped. Wonder how much is the volume generated by 60m thread - 25K?

Anyhow, will follow silence as popularly required.

-- Milind

Remove this thread from the ambit of those who want to capitalise on certain reversal points into that of education......Just making life a bit tougher for a certain section of individuals.

And don't worry too much about the Paranoid Theory and Conspiracy Theory..........don't care too much about it.Compared to a huge market,we may not make a difference.

Saint

ps:This change is made after many,many PMs thanking me about this great thread where they don't have to do anything but get SAR points from this thread.Not too happy about joining the Glorious Line of Call-sters........Sat on it for a long time....this should have been done earlier.

 

[SamFisher]

Does anyone have proof/know for sure either way?

I would love for bee to be right.

Hi Sec 5,
Just placed a trigger order on TT and here is the messages i got...


20/11/2008 10:48:53:New Order Confirmation : Your request to place Sharekhan Order ID - 30XXXXXX Exchange Order ID - 2008XXXXXXXXX Exchange DateTime - 20/11/2008 10:48:58 Exchange Name - U NEW BUY 382 TISCO 27-Nov-2008 at Rs.362 SLTRGR Price Rs.361 has been CONFIRMED by the Exchange for CustomerID-XXXXXXX
20/11/2008 10:48:50:Sharekhan Order Confirmation : Your request to place Sharekhan Order ID - 302XXXXXX Sharekhan DateTime - 20/11/2008 10:48:10 Order Type - SQUAREOFF BUY 382 TISCO 27-Nov-2008 at Rs.362 SLTRGR Price Rs.361 has been sent to the Exchange for CustomerID - XXXXXXXX.

.... baased on that it looks like trigger orders also sent to exchange as you place the order

 

[beethoven]

Hi Sec 5,
Just placed a trigger order on TT and here is the messages i got...


20/11/2008 10:48:53:New Order Confirmation : Your request to place Sharekhan Order ID - 30XXXXXX Exchange Order ID - 2008XXXXXXXXX Exchange DateTime - 20/11/2008 10:48:58 Exchange Name - U NEW BUY 382 TISCO 27-Nov-2008 at Rs.362 SLTRGR Price Rs.361 has been CONFIRMED by the Exchange for CustomerID-XXXXXXX
20/11/2008 10:48:50:Sharekhan Order Confirmation : Your request to place Sharekhan Order ID - 302XXXXXX Sharekhan DateTime - 20/11/2008 10:48:10 Order Type - SQUAREOFF BUY 382 TISCO 27-Nov-2008 at Rs.362 SLTRGR Price Rs.361 has been sent to the Exchange for CustomerID - XXXXXXXX.

.... baased on that it looks like trigger orders also sent to exchange as you place the order

That is right. If you put only limit order your order gets in the queue for execution immediately not matter how far the order rate is from the present market rate. But with trigger the exchange will release your order for execution only after trigger is hit - only then it will queue up for execution. Once the order is queued up it is visible to the players who want to see the orders in waiting.

That is why sometimes you miss getting your orders executed when u fill trigger orders with very narrow range to limit order - when prices move fast. Because by the time it gets triggered and goes into the queue the prices would ahve moved past your limit order rate.

If you put simple limit order well in advance your orders will always get executed.

Bee

 

[Sec 5 (Pyr)]

Hi Sec 5,
Just placed a trigger order on TT and here is the messages i got...

.... baased on that it looks like trigger orders also sent to exchange as you place the order

Big thanks for taking the trouble to post that, Splinter Cell.

And yes, that's the exact same logic my broker and I used to guesstimate that the trigger orders are sent to the exchange as well.

That is right. If you put only limit order your order gets in the queue for execution immediately not matter how far the order rate is from the present market rate. But with trigger the exchange will release your order for execution only after trigger is hit - only then it will queue up for execution. Once the order is queued up it is visible to the players who want to see the orders in waiting.

That is why sometimes you miss getting your orders executed when u fill trigger orders with very narrow range to limit order - when prices move fast. Because by the time it gets triggered and goes into the queue the prices would ahve moved past your limit order rate.

If you put simple limit order well in advance your orders will always get executed.

Bee

So you're saying the order IS sent to the exchange but is only open to the market after it has been triggered?

Makes sense, so does that mean that NOBODY will be able to see any buy order above LTP or sell orders below LTP i.e just like it is on our screens?

 

[Satyen]

Hi All good morning gone thru all the post from yesterday as missed can i post charts with pivots with filters as i was doing not metntioning exact filter but using word "filter" in two /three charts ......??Saint has read minds of his follower about filter


Regards
Satya

 

[KomaL2099]

I added EDUCOMP few days back. Good stock to trade in 60min flow.

 

[Satyen]

I was just nursing an idea osf even trade filter. We can actually avoid some trades which have lower probability of sucess. I am putting 2 ideas here, there are atleast 10 more in my mind


1. We could take only those 60 min. trades that tend to agree with Daily Trend according to pivots. We have always been taught to respect the higher time frame

2. We could use the last 15 min. Pivot for stop when we make initial entry, suppose we enter long and soon our 15 min. pivot low gets hit, we should reverse to shorts immediately and may be we can get in long again if the latest Pivot hi on 60 min. is taken out again

The logic is that if we have a true Trend reversal on a Larger time frame, the smaller time frame wont immediately start going against the Larger time frame

Man we are thinking same i was looking at 15min pivot break after 1 PM
if we have clear pivot break at least it move in 1:1 ratio bit offtopic can be tested

Regards
Satya

 

[rakeshluthra430]

Hi All good morning gone thru all the post from yesterday as missed can i post charts with pivots with filters as i was doing not metntioning exact filter but using word "filter" in two /three charts ......??Saint has read minds of his follower about filter


Regards
Satya

No Satya....please do it only during weekends..with the trades which have been squared off....and never comment on the current trade status and and its stops

I will miss your charts too...but lets wait for 2 weeks.

Sorry for writing this..but Im sure you'll understand