Going With The 60min Flow!!!
- Thread starter Saint
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Re: 60min Flow Trades for the Week: Saint's Method
Bandlab
On 26th the SAR was moved to first 5min bar of 26 after completion of 11am bar. On 26th itself price shoot up but failed to take our SAR which was high of 5min bar+filter.
On 28th LT started downward journey hence SAR moved to high of last bar of 26+filter.
PS: How come you have chart formed on 27th ?? markets were closed that day??
Bandlab
On 26th the SAR was moved to first 5min bar of 26 after completion of 11am bar. On 26th itself price shoot up but failed to take our SAR which was high of 5min bar+filter.
On 28th LT started downward journey hence SAR moved to high of last bar of 26+filter.
PS: How come you have chart formed on 27th ?? markets were closed that day??
Re: 60min Flow Trades for the Week: Saint's Method
Found something related to this Trade 2 in "Teach a man fish..." notes. WRB in first 5 min bar and then a pull back and break in bar 3 signifies a huge move down.
9) Wide Range Bar
When you get a Wide Range Bar ,especially out of a basing consolidating sideways move, get ready for a big move in that direction.
Don't expect it to pullback and give you an opportunity to climb aboard. Sometimes it does, but in many times, it keeps exploding
higher.
What is a WRB? Don't complicate things by adding more criteria than the simple fact, a bar that makes a wide move in that time
frame and closing at or near the high of that bar/candle.
The beauty of a WRB if you get one, buy the pullback, with a stop below the low of that very bar. Else, buy the high of that bar. If
we get a WRB and it reverses, a WRB failure is an ominous sign of a big move down.
Another thing to look at: A WRB with accompanying increase in volume out of a sideways base
And look out for a WRB that can happen after a big rally could signify a turnaround soon
So, look out for the WRB
Found something related to this Trade 2 in "Teach a man fish..." notes. WRB in first 5 min bar and then a pull back and break in bar 3 signifies a huge move down.
9) Wide Range Bar
When you get a Wide Range Bar ,especially out of a basing consolidating sideways move, get ready for a big move in that direction.
Don't expect it to pullback and give you an opportunity to climb aboard. Sometimes it does, but in many times, it keeps exploding
higher.
What is a WRB? Don't complicate things by adding more criteria than the simple fact, a bar that makes a wide move in that time
frame and closing at or near the high of that bar/candle.
The beauty of a WRB if you get one, buy the pullback, with a stop below the low of that very bar. Else, buy the high of that bar. If
we get a WRB and it reverses, a WRB failure is an ominous sign of a big move down.
Another thing to look at: A WRB with accompanying increase in volume out of a sideways base
And look out for a WRB that can happen after a big rally could signify a turnaround soon
So, look out for the WRB
Re: 60min Flow Trades for the Week: Saint's Method
Thank you Pakatil for the chart
Just to get things straightened out here:
1. People must be short (reversed from long) from 25th Nov first 5 min bar low - room.
2. Did you switch to new series i.e., dec series in this reversal?
3. If not, then nov series position would have expired.
4. How are you planning to re-enter?
5. If big gap then 5 min bar strategy will come into play
6. If normal opening or small gap, go short on a pull back?
7. SAR is at last bar hi + room of Nov 26.
Aban players please comment? Any errors in my observations above?
Would like to discuss this expiry and re-entry into the flow for all futures in general also.
Guess this was discussed at length in 60 min main thread by many and Saint had given many comments on how to play this in last days of the series - including some ideas as to keep watching the current series and change position in next series. Would love to read those posts again if someone could point me to those posts in that vast thread - I tried but could not find.
Thanks for all your support - great to be with some good friends here
Bee
Thank you Pakatil for the chart
Just to get things straightened out here:
1. People must be short (reversed from long) from 25th Nov first 5 min bar low - room.
2. Did you switch to new series i.e., dec series in this reversal?
3. If not, then nov series position would have expired.
4. How are you planning to re-enter?
5. If big gap then 5 min bar strategy will come into play
6. If normal opening or small gap, go short on a pull back?
7. SAR is at last bar hi + room of Nov 26.
Aban players please comment? Any errors in my observations above?
Would like to discuss this expiry and re-entry into the flow for all futures in general also.
Guess this was discussed at length in 60 min main thread by many and Saint had given many comments on how to play this in last days of the series - including some ideas as to keep watching the current series and change position in next series. Would love to read those posts again if someone could point me to those posts in that vast thread - I tried but could not find
.Thanks for all your support - great to be with some good friends here
Bee
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