Going With The 60min Flow!!!
- Thread starter Saint
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Re: Live discussion Saint's - 60 minute flow
Friends
We are giving too much credit to ourselves. Just look at volumes of NF traded per day, it is an ocean. We cannot influence this in any way.
NF major trading or positions are built as hedges by big financial institutions for their share portfolio protection which is the main purpose of futures.
Pure trading for profit is much smaller percentage but in that too people will not be much interested in our levels.
Stock futures where volumes are low - we can say some operators may be interested - but in that our volumes are very low.
So be happy and enjoy.
Bee
Friends
We are giving too much credit to ourselves. Just look at volumes of NF traded per day, it is an ocean. We cannot influence this in any way.
NF major trading or positions are built as hedges by big financial institutions for their share portfolio protection which is the main purpose of futures.
Pure trading for profit is much smaller percentage but in that too people will not be much interested in our levels.
Stock futures where volumes are low - we can say some operators may be interested - but in that our volumes are very low.
So be happy and enjoy.
Bee
Re: 60min Flow Trades for the Week: Saint's Method
Sorry for not being clear,Komal....but that rule cuts across all scenarios.We want that breakout that reverses our trade to do so in one clean sweep.
The drawback with this is:Taking your example,SAR at 2930.....price makes a new high,but not taken our filter as yet,we raise SAR to 2940,and then to 2955,and then to 2975,and then guess what......it triggers!Happens.....it also saves us many times from a false entry and getting whipsawed out.
But yes......across all scenarios.Any exception to the above....will get back to you.
Saint
Sorry for not being clear,Komal....but that rule cuts across all scenarios.We want that breakout that reverses our trade to do so in one clean sweep.
The drawback with this is:Taking your example,SAR at 2930.....price makes a new high,but not taken our filter as yet,we raise SAR to 2940,and then to 2955,and then to 2975,and then guess what......it triggers!Happens.....it also saves us many times from a false entry and getting whipsawed out.
But yes......across all scenarios.Any exception to the above....will get back to you.
Saint
Re: Live discussion Saint's - 60 minute flow
Agree totally Bee!!!
Friends
We are giving too much credit to ourselves. Just look at volumes of NF traded per day, it is an ocean. We cannot influence this in any way.
NF major trading or positions are built as hedges by big financial institutions for their share portfolio protection which is the main purpose of futures.
Pure trading for profit is much smaller percentage but in that too people will not be much interested in our levels.
Stock futures where volumes are low - we can say some operators may be interested - but in that our volumes are very low.
So be happy and enjoy.
Bee
We are giving too much credit to ourselves. Just look at volumes of NF traded per day, it is an ocean. We cannot influence this in any way.
NF major trading or positions are built as hedges by big financial institutions for their share portfolio protection which is the main purpose of futures.
Pure trading for profit is much smaller percentage but in that too people will not be much interested in our levels.
Stock futures where volumes are low - we can say some operators may be interested - but in that our volumes are very low.
So be happy and enjoy.
Bee
Re: Live discussion Saint's - 60 minute flow
Satya I have been thinking of many ideas but still find that the use of first 15 min. pivot as stoploss keeps us out of most False Breakouts but sometimes we even get washed out of True Breakouts.
Frankly speaking recognizing False breakouts is somewhat of an art along with Gut feeling, most of the times when my feeling was that I should get out it prove to be right.
Another thing that I have observed is that suppose we have a break of Pivot low in an uptrend and the bar which has broken turns out to be a Long hammer, chances are that 95% times this breakout is False and we should immediately reverse back to original position and vice versa for Downtrend.
Would like to have some other ideas from you and all other members
Satya I have been thinking of many ideas but still find that the use of first 15 min. pivot as stoploss keeps us out of most False Breakouts but sometimes we even get washed out of True Breakouts.
Frankly speaking recognizing False breakouts is somewhat of an art along with Gut feeling, most of the times when my feeling was that I should get out it prove to be right.
Another thing that I have observed is that suppose we have a break of Pivot low in an uptrend and the bar which has broken turns out to be a Long hammer, chances are that 95% times this breakout is False and we should immediately reverse back to original position and vice versa for Downtrend.
Would like to have some other ideas from you and all other members
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