Going With The 60min Flow!!!

[rakeshluthra430]

Re: 60min Flow Trades for the Week: Saint's Method

Wish you Many Happy return of the day Saint. May god bless you.

Rakesh, congratualtions on the new thread. Once and for all, if you could point to a definative rule guide for the method, it would help the newbies considerably.

Also as a matter of continous learning, it may be advisable by the moderator to post all trades of the week, SAR points etc at the end of the week so that all newbies can match thier decision points and correct errors in future. It will be nice if the last weeks trade points can be posted before Monday.

Great thread going again. congrats to Rakesh and Saint.

NC,
I would request you to repost the rules that you have compiled.....I am too dis-organised for this task.

Rules/tweaks etc evolve a result of our observation of market action....and hence there would always be a scope to introduce a few new things which give better trades...discard a few which are working lesser efficiently etc.

In keeping with this...I am posting my observations about the Gap rules. Remember..I am going to talk here only abt gap in OUR favour. Gaps against us...we are clear in what we do. I had posted these earlier in the 60min thread..but had removed it fearing criticism

OK...now the rules we are going to use henceforth is like this: We look at the gap which opens above/below the market range of the last 2-3 days. It does not matter whether we get a HH/HL or LH/LL pattern before that...or if we got any WRB on the way...or how does the first opening bar of the day forms...or how many days the trend has been in force.

If we open above the range...we Short below the 5min low minus filter, vice versa for Longs. Also...didnt want to make a definite rules as to whether we use 2 days range or 3 days range. Going through the past data will make it amply clear for you what I mean to convey....

Posting a few charts to make this more clear. Also asking Saint Sir to post his comments on this rule.

Coming to your question of posting this weeks charts....yes will do it from the next weekend. A few more rules to discuss before we do that....Failed Break Out being the next in line. Im sure you will bear with me on this....

Wish you a Very Happy Birthday Saint....wishing you a great year ahead.

Rakesh

 

[rakeshluthra430]

Re: 60min Flow Trades for the Week: Saint's Method

The tick marks mean we have the scenario where we reverse if we get a Buy/Sell signal. Cross marks on those where we maintain the earlier stops and dont reverse on the first candle.

 

[rakeshluthra430]

Re: 60min Flow Trades for the Week: Saint's Method

..few more

 

[rakeshluthra430]

Re: 60min Flow Trades for the Week: Saint's Method

 

[nilaish]

Re: 60min Flow Trades for the Week: Saint's Method

I was not able to visit this forum since last 7-8 days due to shutdown of my pc.
Now everything has changed, both 60Min Flow and Intraday Mini Flow threads have been closed. I think it is correct decision (particularly for 60min flow thread). although I can only trade confidently Intraday mini flow method, I still have lot to learn about 60min method. I want to thank Rakesh for starting this thread. I hope I will learn this method with the guidance of saint and all the seniors here.

And today is Saint's birthday. Wish you Many Happy return of the day Saint. May god bless you.

Also congratulations to Komal for new born baby. I wish that new born baby will bring lots of happiness to you and your family.

regards
Nilaish

 

[KomaL2099]

Re: 60min Flow Trades for the Week: Saint's Method

Rakesh
Will you be posting last week Nifty trades ?????

 

[KomaL2099]

Re: 60min Flow Trades for the Week: Saint's Method

Saint
Many many Happy returns of the day!!!!!

Cheers
KomaL

 

[simple]

attching NTPC 15 minute chart ..

attaching ntpc 15 minute chart markerd some pivots are marked..

please d not consider it as a tradeable chart .. but wanted to check if the pivots marked are correct and have a doubt the doubt PH marked as it has a huge candle on its side ..

is that really a PH or are there any additional rules for it

Simple

 

[beethoven]

Re: 60min Flow Trades for the Week: Saint's Method

In keeping with this...I am posting my observations about the Gap rules. Remember..I am going to talk here only abt gap in OUR favour. Gaps against us...we are clear in what we do. I had posted these earlier in the 60min thread..but had removed it fearing criticism

OK...now the rules we are going to use henceforth is like this: We look at the gap which opens above/below the market range of the last 2-3 days. It does not matter whether we get a HH/HL or LH/LL pattern before that...or if we got any WRB on the way...or how does the first opening bar of the day forms...or how many days the trend has been in force.

If we open above the range...we Short below the 5min low minus filter, vice versa for Longs. Also...didnt want to make a definite rules as to whether we use 2 days range or 3 days range. Going through the past data will make it amply clear for you what I mean to convey....

Also asking Saint Sir to post his comments on this rule.

Wish you a Very Happy Birthday Saint....wishing you a great year ahead.

Rakesh

Rakesh,

Very interesting observation!!! It will simplify the understanding and action to be taken in such cases.

Awaiting Saint's comments on this.

Things are moving in the right direction here. Congrats Rakesh!!!

Bee

 

[ASHA SHUKLA]

Re: 60min Flow Trades for the Week: Saint's Method

Let me take the honour to post the first chart on this newly opened thread.

Trade 1 -- Long trigerred above H1+filter with SAR as L2-filter.
New High H2 formed SAR remains same L2-filter.
New Pivot Low formed .. SAR changed to L3-filter.
ADD should come at H3+filter.
ADD didnt trigger .. SAR(L3-filter) hit. Position reversed.

Trade2 --- Short trigger at L3-filter with SAR at H3+filter.
Steep downmove without any Pivot . Bar2 rule comes into play SAR now H4+f
SAR(H4+f) hit position reversed to long.

Trade3---- Long trigger at H4+f with SAR at L4-filter.

Whats your say on this...
PS: --Also how many think reversal for trade3 should have been done at marked red line+filter below H4. ???? I do.

Thanks Komal for posting trades of the week. Write or wrong but I too changed my position as pivot below the H4. Let us compare with Rakesh Ji's or others seniors chart.