I think it was Saint who mixed up the trades here Beethoven!!!! Your query would be more appropriate if addressed to Saint as to why the reversal was taken yesterday as per mini flow rules!!! There was no visually obvious Pivot here, though we got one PL by the close!!! But in haste we reversed as per WRB breakdown!!! I sincerely feel that Saint's decision was sudden!!
Its wrong even to accept whatever Saint writes as correct blindly!!! Do weigh it in your mind and see whether there is an "if" coming , a query coming!!! Problem is we accept it blindly and change our view accordingly, mould our responce also!!! (Saint no aspersion to your actions or views also not written to criticize you)!!! In all probabilites Saint wud be proved correct but friends how long do we continue to use him as a crutch!!! Saint says do this, we do it and then nod our head in agreement!!! The question raised by Inspire is MOST GENUINE and needs proper attention!!! Dont act in haste and accept that okay we shall do this in future too!! Most here have back tested as per Saionts rules, now howmany rechecked the historical data with this amended rule and what was the difference in the out put, the profit!!!
I might be totally wrong becauseut Saint might have seen that this WRB breakdown is working fine in 60 min.flow also in the past...though I did find that on a number of occasions the WRB got reversed much sooner and trading the Pivot would save us from a false trade!!! But I checked just casually and not throughly!!! I said : "Saints decision was sudden!!" because had Saint thought over it he would have posted the amended rule(s) the previous day when the market was off!!! But he mentioned it at the last minutes of the actual trade!!!
Ofcourse Saint shall be able to clear this, though no clarification is required!!!! If Saint says it works, it wil work, but let us also do our work of 'rechecking' by past analysis!!!
A rule change is a rule change and Iam no one to argue on it, but then my views are mine and have aired them knowing very well that the same shall antagonise a lot of people here but feel its all a part of learning!!
Many of us have removed the "I" from our trades but most of us are yet to remove "Saint" from our trades!!!
This is again an effort in that direction only!!!!
For once I think Saint has deviated from the rules!!! (Excuse me Saint for this view)
-Kanchan
Above is my post that brought some sarcastic responce from a few members and also Saint and also a few obnoxious posts and PM's from a few others.
I have also been given sermons about my language etc. One member even went on to comapre the said matter as that between a father and son.
Each and every one of the Posts by all including that of Saint and others in responce to my above post must be correct and may be I deserve to be treated that way. But something was nagging my mind and I read my Post atleast 25 times if not more. Even asked a few 'friends' here on the Forum to give their views about my language. Except for one very strong negative view and one view that said I could have toned down my language, all said that the post wasnt such to envisage such vigorous reaction.
Very first thing I would like to mention is about this sentence I wrote in my Post : (Saint no aspersion to your actions or views also not written to criticize you)!!! Saint took it in entirely different light, if any one at all can believe me, I wish to say," I meant exactly what I wrote."!!!!!!
I am trying to analyse my Post and rephrase it : My changed language is in Blue and bold.
I think it was Saint who mixed up the trades here Beethoven!!!! Your query would be more appropriate if addressed to Saint as to why the reversal was taken yesterday as per mini flow rules!!! There was no visually obvious Pivot here, though we got one PL by the close!!! But in haste we reversed as per WRB breakdown!!! I sincerely feel that Saint's decision was sudden!!
Do have a look at the original Post(s) to which I had responded
I am rephrasing the above part :
I think it was Saint who suggested this reversal, so it must be correct. We are probably overlloking some aspect. Let us ask Saint. The reversal was more like what is done in Mini Flow. No Pivot is there, not even a visually obvious one. We are sure to get a New lesson in reversal today after market by Saint.
Its wrong even to accept whatever Saint writes as correct blindly!!! Do weigh it in your mind and see whether there is an "if" coming , a query coming!!! Problem is we accept it blindly and change our view accordingly, mould our responce also!!! (Saint no aspersion to your actions or views also not written to criticize you)!!! In all probabilites Saint wud be proved correct but friends how long do we continue to use him as a crutch!!! Saint says do this, we do it and then nod our head in agreement!!! The question raised by Inspire is MOST GENUINE and needs proper attention!!! Dont act in haste and accept that okay we shall do this in future too!! Most here have back tested as per Saionts rules, now howmany rechecked the historical data with this amended rule and what was the difference in the out put, the profit!!!
Is it advisable that we accept what Saint says blindly w/o question.... if so then why is the talk about analysing the Past which has already been done by Saint. But yes the language when read again by me did sound a bit harsh. The following text would have been more appropriate :
My humble suggestion is that when ever Saint suggests some tactics change let us first examine the same by going through a few months historical charts and if that is working so well, if not let us put forward our quries for Saint to clarify...I am sure of one thing we do not see the charts in the same way as Saint see them. For us to understand his views fully it would be most advisable 'not to accept what Saint says blindly' by doing this we would not mean to discredit Saint, but rather reinforce the lesson of Saint. It is someting similar to learn something by rote and to understand something by getting the fundas clear. So we should strive to have a relook at charts after a change suggested by Saint. The question raised by Inspire is MOST GENUINE and needs proper attention!!! Before repeating this action in future why not have a relook at the historical charts to gain confidence in our actions.
I might be totally wrong because Saint might have seen that this WRB breakdown is working fine in 60 min.flow also in the past...though I did find that on a number of occasions the WRB got reversed much sooner and trading the Pivot would save us from a false trade!!! But I checked just casually and not throughly!!! I said : "Saints decision was sudden!!" because had Saint thought over it he would have posted the amended rule(s) the previous day when the market was off!!! But he mentioned it at the last minutes of the actual trade!!!
I might be wrong and Saint must have seen this strategy of WRB breakdown to work in 60 min. flow also. As always he must have checked the past before posting it here.
My eyeballing the chart did not give me confidence to use the strategy. I checked casually only hence my view in this regard is of little or no consequence.
We had a weekend gone by and would have been happy if Saint found some time in his already busy schedule to have posted in this regard earlier. It is quiet possible that he thought of this change in strategy at the very last moment.
Ofcourse Saint shall be able to clear this, though no clarification is required!!!! If Saint says it works, it will work, but let us also do our work of 'rechecking' by past analysis!!!
A rule change is a rule change and Iam no one to argue on it, but then my views are mine and have aired them knowing very well that the same shall antagonise a lot of people here but feel its all a part of learning!!
Ofcourse Saint shall be able to clear this, though no clarification is required!!!! If Saint says it works, he would not talk in air, he must have back checked before writing here. I am sure it works and will work in future too, but let us also do our work of 'rechecking' by past analysis!!! For nothing maybe but shall surely help us to use the wrb also with confidence.
A rule change is a rule change and am sure is done to enhence the returns, I should not argue on it without some substantial data to show that it does not work. But then my views are mine and have aired them to get views on my views from others.
I might antagonise a few people her, to whom I apologise but feel its all a part of learning!!
Many of us have removed the "I" from our trades but most of us are yet to remove "Saint" from our trades!!! This is again an effort in that direction only!!!!
Many of us have removed the "I" from our trades but most of us are yet to be able to trade in absence of Saint. Many are still comfortable to take a position only on confirmation from Saint. We should work hard to become independent. This is again an effort in that direction only!!!!
For once I think Saint has deviated from the rules!!! (Excuse me Saint for this view)
It seems to me that there has been some error on part of Saint in this trade or maybe I have overlooked some recent changes suggested by him, in any case the matter shall be clarified on hearing from him.