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: 60min Flow Trades for the Week: Saint's Method
hI gUYS
The current trade in Nifty which is short was trigerred on 22-12. hence I took position in jan contract.
Dec contract has expired today .. Now if I continue with dec chart SAR is around 2950+filter ..very near to jan contract closing .. however SAR as per jan chart is arnd 2967+f...
What shall I do when mkt opens on friday .. go by 2947 or 2967 ???
thanks
KomaL
hI gUYS
The current trade in Nifty which is short was trigerred on 22-12. hence I took position in jan contract.
Dec contract has expired today .. Now if I continue with dec chart SAR is around 2950+filter ..very near to jan contract closing .. however SAR as per jan chart is arnd 2967+f...
What shall I do when mkt opens on friday .. go by 2947 or 2967 ???
thanks
KomaL
Re: 60min Flow Trades for the Week: Saint's Method
We will be trading Jan contracts from Friday.As you have Jan NF charts and it shows SAR at 2967 it is better to keep your SAR there.It will ensure that you will reverse above valid chartbased SAR point and not because of the gap between the cash/fut price which may be high atleast initially on Friday.
Best Wishes,
Smart_trade
We will be trading Jan contracts from Friday.As you have Jan NF charts and it shows SAR at 2967 it is better to keep your SAR there.It will ensure that you will reverse above valid chartbased SAR point and not because of the gap between the cash/fut price which may be high atleast initially on Friday.
Best Wishes,
Smart_trade
Re: 60min Flow Trades for the Week: Saint's Method
Friends
I have not really understood this crossover business. Maybe someone can clear my doubts.
On Dec 22 ,we switched over from long to short and as the series was expiring in next 2 days. I switched over to Jan series of NF. I closed Dec series long and opened a short position in Jan series at market rate of that moment when it hit my SAR on Dec series chart.
Now from that moment onwards I have been looking at Jan series chart and changing my SAR according to 60 min bars on that chart and not as per Dec series. Morevover, how can we see Dec series chart and change SARs on Jan series, it is very confusing.
Logically also when our position is open in Jan series then supply and demand (bulls and bears interaction) on this security should dictate out action with NIFTY spot as underlying and specific nuances like premiums etc of Jan series should be deciding our actions.
Why do we continue to look at Dec chart when our position is open in Jan series and the prices also have a substantial difference and candles also move differently (may not be very different but different enough in our scheme of things) where SARs are very precise points and chart specific.
Mother thread of 60 min also says to continue to look at Dec series and change the SARs in Jan series till the Dec series finally expires. But practically how is this done and why should it be done?
Thanks
Bee
Friends
I have not really understood this crossover business. Maybe someone can clear my doubts.
On Dec 22 ,we switched over from long to short and as the series was expiring in next 2 days. I switched over to Jan series of NF. I closed Dec series long and opened a short position in Jan series at market rate of that moment when it hit my SAR on Dec series chart.
Now from that moment onwards I have been looking at Jan series chart and changing my SAR according to 60 min bars on that chart and not as per Dec series. Morevover, how can we see Dec series chart and change SARs on Jan series, it is very confusing.
Logically also when our position is open in Jan series then supply and demand (bulls and bears interaction) on this security should dictate out action with NIFTY spot as underlying and specific nuances like premiums etc of Jan series should be deciding our actions.
Why do we continue to look at Dec chart when our position is open in Jan series and the prices also have a substantial difference and candles also move differently (may not be very different but different enough in our scheme of things) where SARs are very precise points and chart specific.
Mother thread of 60 min also says to continue to look at Dec series and change the SARs in Jan series till the Dec series finally expires. But practically how is this done and why should it be done?
Thanks
Bee
Re: 60min Flow Trades for the Week: Saint's Method
i always follow the current series till 3pm (last bar) on expiry day and roll over between 3 to 3:30. at same moment. i place maket orders in both. some times i i place limit order one leg is done and other leg is open, this is dangerous on expiry day as volatility is huge
i always follow the current series till 3pm (last bar) on expiry day and roll over between 3 to 3:30. at same moment. i place maket orders in both. some times i i place limit order one leg is done and other leg is open, this is dangerous on expiry day as volatility is huge
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