Re: 60min Flow Trades for the Week: Saint's Method
Thanks a lot for your reply. I was going thru the thread(mother thread), but it has over 800 pages of discussions and most of the discussions are on trades that people took in past. i cant really gain anything out of that.
Here is my perception of the filter. Kindly correct me wherever I am wrong.
Filter is a kind of error margin or pading that we keep for ourselves. THus, for example, if we have our stops for Long at break of say 2900 levels, then we will keep our stops at 2900-filter, so that we are sure that we are stopped.
It is a kind of tolerance limit that we put to our trades.
Am i right? If yes, are there any general observations on filter sizes?
thanks a lot
Please go through parent thread of this "Going with 60 min flow" to understand what is a filter. To give you a one liner, it's the value we add or subtract to a pivot to change our trade direction.
Here is my perception of the filter. Kindly correct me wherever I am wrong.
Filter is a kind of error margin or pading that we keep for ourselves. THus, for example, if we have our stops for Long at break of say 2900 levels, then we will keep our stops at 2900-filter, so that we are sure that we are stopped.
It is a kind of tolerance limit that we put to our trades.
Am i right? If yes, are there any general observations on filter sizes?
thanks a lot