60min Flow Trades for the Week: Saint's Method
Dear All,
This thread is started with the aim of discussing the trades that we take based on Saint's 60 min flow method.
I am not going to debate the why's and what for's ..or the pros and cons of closing the main thread....but would just like to make a few things clear about what this thread would and would not do...as also what is expected from the members visiting this thread.
1. This thread is basically for teaching the newcomers the correct application of Saint's 60 min Flow method. It is expected though that they are conversant about all the rules.
2. I would post the trades taken during the last week in this thread...as the name suggests(posted every Sat/Sunday). Basically starting with Nifty and a few stocks like Aban, L&T, RelCap, JP Asso, HDIL ......will add a few more like GMR, LITL, HDFCBK, CENTURY etc as we go along.
3. This thread is NOT , I repeat NOT a place where we will discuss the current trades,our current stops..or anything related to what positions we are currently holding. So kindly hold yourself from posting about the current trades.
4. I would be using the pivots...as I understand them (meaning the earstwhile Aggressive ones). So please dont debate about "Pure" and "Aggressive" here. I understand that some of the members here trade only the Pure ones.........and in doing so if their trades differ from what are posted here....nothing wrong in that.
5. I welcome you to post your queries about the trades shown in the charts (which I and others will keep posting). However, if you need to discuss a tweak or a possible marriage with another indicator/method...please do so via a PM to me or Saint or any senior member...Doing it on the thread MAY confuse a rank newcomer.
6. I would seek to answer most of your queries, time permitting, and would also seek the help of ST, MJ and Dhakkan in doing that. Saint would be with us with his views and teachings throughout.
7. Kindly desist from any clashes/arguments in this thread. If you dont agree with anyones view..kindly ignore. A mess in this thread will lead to its closure....
Let us all remember..the purpose of this thread is to present the newcomer with a correct application of Saints method. Hope we aim just for that..and nothing else.
Thanks a lot,
Rakesh