Going With The 60min Flow!!!

[beethoven]

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

Guys help me out.
ABAN Gap rule must have been applied today. first5minhigh+filter.
What is happening is subsequent bars are making HH LH pattern but are not taking high of previous bar + filter.
So in such case what shall I do .. keep moving my SAR.

Komal if u see carefully the second bar (11 am) bar hi made a tiny weeny pivot in this sideways movement. Top of this bar + room is yet to be hit.

Or if you are a purist then wait for the 2 bar rule SAR to be hit. Here the filter is also on the higher side and there were 5 bars in the down move!!

Bee

 

[KomaL2099]

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

Komal if u see carefully the second bar (11 am) bar hi made a tiny weeny pivot in this sideways movement. Top of this bar + room is yet to be hit.

Or if you are a purist then wait for the 2 bar rule SAR to be hit. Here the filter is also on the higher side and there were 5 bars in the down move!!

Bee

bee but high of that bar was breached and hence it is negated.
thats what I remeber we do in such situation. if high of pivot is taken but high of pivot + filter is preserved the new high + filter is our SAR and so on.
PS: I dont think 11am bar is a pivot.

 

[beethoven]

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

bee but high of that bar was breached and hence it is negated.
thats what I remeber we do in such situation. if high of pivot is taken but high of pivot + filter is preserved the new high + filter is our SAR and so on.
PS: I dont think 11am bar is a pivot.

Yes, since this is a limping sort of a move up the confirmation of reversal can only be from a purist angle i.e., 2 bar rule. Am not very sure if the gap was big enough to qualify for gap rule to come into play here. Lack experience here.

Good example to take up for discussion with Saint/Rakesh.

I am trading live so I am betting on 2 bar rule here.

Bee

 

[KomaL2099]

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

Yes, since this is a limping sort of a move up the confirmation of reversal can only be from a purist angle i.e., 2 bar rule. Am not very sure if the gap was big enough to qualify for gap rule to come into play here. Lack experience here.

Good example to take up for discussion with Saint/Rakesh.

I am trading live so I am betting on 2 bar rule here.

Bee

Bee
For ABAN gap rule should have been applied today.
But the 11am bar didnt cross first5min high+filter. And every subsequent bar made a new high but didnt cross high of previous bar+filter.
So this moving SAR kept us away from taking long.
Same happened in Nifty few days back.

 

[beethoven]

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

Bee
For ABAN gap rule should have been applied today.
But the 11am bar didnt cross first5min high+filter. And every subsequent bar made a new high but didnt cross high of previous bar+filter.
So this moving SAR kept us away from taking long.
Same happened in Nifty few days back.

You may be right but my thinking is that Aban will now not make v shaped recovery that time is over. So my SAR is very far above and I think I have given it sufficient space to make a clear pivot in between then we can make our move if not then and if it hits my SAR then clear reversal is anyway in and I will be on board a new trend.

Bee

 

[Prabhjeet]

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

I think there is no harm in putting up filters which currently people are using for once at least.

As we are not discussing the trades live but filters can be put up once to get things rolling.

Suzlon from Prabh, Educom from Komal and others if these have not been put up once at least on the main thread.

Bee

I have no problem with disclosing filter. For Suzlon it is 1/0.5 for Stop/add

Regards

 

[KomaL2099]

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

Educomp 35 and 20.
Looks bit higher.. but stock swings a lot. I backtested it with 25 and 15 but while doing live trading on few occassion the stock took SAR but the trend didnt reversed.
Hence I am testing it now with 35 and 20 .. and this looks fairly good.

 

[trader31339]

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

srinishare.........thanks.... can u also give me 5min intraday chart of same period ? ie Reliance 01-dec 08 5 min intraday charts.......


In trade tiger do we get intraday data of earlier day also ? I m using indiabulls PIB where we get intraday chart but we do not get chart of earlier day.

Thanks in advance

 

[actuaryinmaking]

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

Educomp 35 and 20.
Looks bit higher.. but stock swings a lot. I backtested it with 25 and 15 but while doing live trading on few occassion the stock took SAR but the trend didnt reversed.
Hence I am testing it now with 35 and 20 .. and this looks fairly good.

Komal,

Just my two cents - have been trading Educomp for a while...for me 40/25 gives good results...but yes it is very risky it jumps 15 points up down within few seconds ! so some time hard to SAR within 40/25 limits even...it all looks great on chart though !

rgds, Nisha

 

[Prabhjeet]

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

Educomp looks too jumpy for my liking, it tends to give many false breakouts before giving a good trade. There are many better bets out in the market.

Has somebody gone through the charts of Ispat & Arvind mills, excellent charts there