Going With The 60min Flow!!!
- Thread starter Saint
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- Tags 60 minute discussion flow method nifty futures saint
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Re: Live discussion Saint's - 60 minute flow
Currently YES, but monday hopefully we get a better pivot.
Regarding the filters always.. Try not to put your stops just above round figures eg... for short trade stops, if the pivot with filters comes to 2850, set the stops at 2848. And for the Long trade at 2852. Also NF specially respects the round figures with multiples of 100's. Such as one we found today.. So always place extra filter to account for such resistance and support levels.
Currently YES, but monday hopefully we get a better pivot.
Regarding the filters always.. Try not to put your stops just above round figures eg... for short trade stops, if the pivot with filters comes to 2850, set the stops at 2848. And for the Long trade at 2852. Also NF specially respects the round figures with multiples of 100's. Such as one we found today.. So always place extra filter to account for such resistance and support levels.
Re: 60min Flow Trades for the Week: Saint's Method
Thanks NC and ST for your kind words.
I still see people requesting for latest rules, or Step by step instructions etc. just wanted to point out couple of points to newcomers
Now the rules are pretty much set and I do not think there will be any changes to the existing rules. Only thing one might have to add is his own tweaks if any (evolution). But these tweaks are just based on ones personality. But with any tweak or deviation I must re-iterate that you follow it consistently.
Even if you find you made a mistake on a SAR point and went in the opposite direction, if you think your decision was right then just stay with your trade, do not just reverse just because others are opposite to you. Either you or others are right and soon everyone will unite automatically. Stick to YOUR RULES.
Be prepared to loose couple of initial trades (atleast 3 trades) when you begin fresh. Dont get out, with this method when you loose couple of continuous trades, that is the time you get one big move. Wait for it.
Compilation guide I have done is just a starting point for anyone entering new to this method. I strongly recommend everyone to do a back test atleast for a year time on each stock/contract you are intending to trade before actually put your money.
I dont think the paper trading would be of any help. As even though I know this method yields profit I still bail out under pressure at times, when you trade on paper you do not have this pressure. So its important that you trade with your money, but trade light may be Mini Nifty, do not go with full swing at the beginning. Remember your SARs are mostly far away in this method.
Back testing: setup the rules before you back test. Be prepared to back test with consistence, repeat backtesting with different settings if needed. Do not cheat while backtesting. While backtesting make sure to set the chart view so that the right side of the chart is not visible to you and go one by one candle/bar to make your decisions on your SARS/ADDS. Do not zoom out and have a full view of the charts and decide about a pivot or a SAR.
Hope this is of some use to newcomers.
Have a good trade.
Hello Friends
Sam has done a good job of compilation and is also keeping it upto date ...
Thanks Sam
PS: If you find this useful, do thank Sam on his thread, hes done all the hard work
Sam has done a good job of compilation and is also keeping it upto date ...
Thanks Sam
PS: If you find this useful, do thank Sam on his thread, hes done all the hard work
Thanks NC and ST for your kind words.
I still see people requesting for latest rules, or Step by step instructions etc. just wanted to point out couple of points to newcomers
Now the rules are pretty much set and I do not think there will be any changes to the existing rules. Only thing one might have to add is his own tweaks if any (evolution). But these tweaks are just based on ones personality. But with any tweak or deviation I must re-iterate that you follow it consistently.
Even if you find you made a mistake on a SAR point and went in the opposite direction, if you think your decision was right then just stay with your trade, do not just reverse just because others are opposite to you. Either you or others are right and soon everyone will unite automatically. Stick to YOUR RULES.
Be prepared to loose couple of initial trades (atleast 3 trades) when you begin fresh. Dont get out, with this method when you loose couple of continuous trades, that is the time you get one big move. Wait for it.
Compilation guide I have done is just a starting point for anyone entering new to this method. I strongly recommend everyone to do a back test atleast for a year time on each stock/contract you are intending to trade before actually put your money.
I dont think the paper trading would be of any help. As even though I know this method yields profit I still bail out under pressure at times, when you trade on paper you do not have this pressure. So its important that you trade with your money, but trade light may be Mini Nifty, do not go with full swing at the beginning. Remember your SARs are mostly far away in this method.
Back testing: setup the rules before you back test. Be prepared to back test with consistence, repeat backtesting with different settings if needed. Do not cheat while backtesting. While backtesting make sure to set the chart view so that the right side of the chart is not visible to you and go one by one candle/bar to make your decisions on your SARS/ADDS. Do not zoom out and have a full view of the charts and decide about a pivot or a SAR.
Hope this is of some use to newcomers.
Have a good trade.
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