Going With The 60min Flow!!!

[myvineet]

Re: Live discussion Saint's - 60 minute flow

No gap rules to be applied to today's open of NF, I guess.

vin

gap rule is used when gap is in our favour ..now gap is against our position & above our sl ..now we take our 5 min bar rule..

 

[pakatil]

Re: Live discussion Saint's - 60 minute flow

I plan to reverse to Long @ HOD = f

 

[vinst]

Re: Live discussion Saint's - 60 minute flow

So those who are short now what will be ur plans now.may be to wait for a pivot formation.

I will close short NF if High of day+f is triggered

vin

 

[Satyen]

Re: Live discussion Saint's - 60 minute flow

Hi ALL Good morning .............

Nice Formation

Regards
Satya

 

[Satyen]

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

I think many of us have doubts regarding the shorts taken at 2769- instead of 2726-.

First....lets ask ourselves, where were our stops going into trade on Friday? Were they at that clear pivots at 2688, or the low of WRB formed by 3 pm bar on Thursday (2726)? I had them at the WRB low......will discuss more about WRBs later as we go ahead in this thread.

Now coming to the trade. Friday, we had a lower opening bar, with the lows lower than the 3.30 bar of 4 Dec. The 11am bar proceeded lower...forming a low at 2769. Thereafter, the same bar moved up...taking out the pivot high at 2804. The moment it does it, we have a fresh breakout towards the long direction...now we are expecting the prices to move up....and so raise our stops up to 2769.

I dont know if I have been able to make this clearly understandable.....but see, fresh breakout....failure of that breakout immediately...leads us to have double conviction of going short at that pivot point of 2769. I know this doesnt satisfy the 3 finger rule etc etc...

Ok....lets take another scenario. Suppose the 11am bar were not to go just marginally higher and not challenge 2804. What would we do then? The response would have been different...we would have waited for a higher pivot to raise our stops and keep maintaining our stops at 2726- in that case. And one more thing..we are not looking at 30min charts in the flow now.

Hope its clear to all now.
Rakesh

Thanks Rakesh for your trades and charts ....

Regards
Satya

 

[beethoven]

Re: Live discussion Saint's - 60 minute flow

Hi ALL Good morning .............

Nice Formation

Regards
Satya

Break above that red line then Balle! Balle!!

Bee

 

[Satyen]

Re: Live discussion Saint's - 60 minute flow

Break above that red line then Balle! Balle!!

Bee

Again some time these type of GAPs provide good oppertunity ..............


Thanks and Regards
Satya

 

[Prabhjeet]

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

Wonderful charts and explainations by Rakesh

Thanks

 

[Satyen]

Re: Live discussion Saint's - 60 minute flow

Hi kripal and others after discusion of operators watching etc ..... tried to find out pivots which are shaved by filters we use..... looks like we can have good set up,, again i know i may missed some pivots which are shaved by filter so requesting frineds to post at least dates where we shaved by filter

Following are from Jan08 - Oct-08

Regards
Satya

 

[Satyen]

Re: Live discussion Saint's - 60 minute flow

Continue.......

Again i know these thing may not help but tried to find how these things happens

Regards
Satya