Going With The 60min Flow!!!
- Thread starter Saint
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Re: 60min Flow Trades for the Week: Saint's Method
Hi Pattel,
JP showing one of the rare occurences : moving SL against the position 2-3 times !
This week I traded in ABAN and watched HDIL flow. Somehow (!) interpreted the same as you have shown today. But NF I whipsawed on friday gap down .
regards,
vin
JPA 60 min trades for week ending 16/01. If your filter is small you could have reversed on 16th 5 min bar+filter, so depending on your filter you can be long or short.
JP showing one of the rare occurences : moving SL against the position 2-3 times !
This week I traded in ABAN and watched HDIL flow. Somehow (!) interpreted the same as you have shown today. But NF I whipsawed on friday gap down .
regards,
vin
Last edited:
Re: 60min Flow Trades for the Week: Saint's Method
Posting Nifty Futures 60 min chart with 12 Jan-16 Jan 2009 trades marked on it.
Some of the charts posted above are not showing trades on 15 and 16 Jan 2009 and the reasons correctly as the charts/data seem to be incorrect. Posting this chart for more clarity so that gap/5 min rule trade on 15 Jan and adds could be clearly seen and understood.
Reversal shown with yellow,adds with blue and SAR with black lines.
Best Wishes,
Smart_trade
Posting Nifty Futures 60 min chart with 12 Jan-16 Jan 2009 trades marked on it.
Some of the charts posted above are not showing trades on 15 and 16 Jan 2009 and the reasons correctly as the charts/data seem to be incorrect. Posting this chart for more clarity so that gap/5 min rule trade on 15 Jan and adds could be clearly seen and understood.
Reversal shown with yellow,adds with blue and SAR with black lines.
Best Wishes,
Smart_trade
Re: 60min Flow Trades for the Week: Saint's Method
ST,
thanks for your charts.
Instead of applying the gap rules, I interpreted NF down opening on 15th to have triggered the PL SAR. NF opened above this PL and in the opening bar sliced through it. It looks that my way was not correct. What confuses me is that NF did not open below the PL so why Gap rule?
regards,
vin
Posting Nifty Futures 60 min chart with 12 Jan-16 Jan 2009 trades marked on it.
Some of the charts posted above are not showing trades on 15 and 16 Jan 2009 and the reasons correctly as the charts/data seem to be incorrect. Posting this chart for more clarity so that gap/5 min rule trade on 15 Jan and adds could be clearly seen and understood.
Reversal shown with yellow,adds with blue and SAR with black lines.
Best Wishes,
Smart_trade
Some of the charts posted above are not showing trades on 15 and 16 Jan 2009 and the reasons correctly as the charts/data seem to be incorrect. Posting this chart for more clarity so that gap/5 min rule trade on 15 Jan and adds could be clearly seen and understood.
Reversal shown with yellow,adds with blue and SAR with black lines.
Best Wishes,
Smart_trade
thanks for your charts.
Instead of applying the gap rules, I interpreted NF down opening on 15th to have triggered the PL SAR. NF opened above this PL and in the opening bar sliced through it. It looks that my way was not correct. What confuses me is that NF did not open below the PL so why Gap rule?
regards,
vin
Re: 60min Flow Trades for the Week: Saint's Method
Vin,
On 14th Jan 2009 at the time market closed we were long.Our stoploss was at PL at 2757 less f and market closed at 2822.
On 15th the opening was at 2715 ,way below our SL and it had not cracked PL in first 5 min. It also has a visual gap and as it opened with a gap against our position gap/5 min rule became applicable. We added above the high of first 5 min + filter of 20 ( gap filter) with a SL at LOD -f.
If it had opened without a visual gap and cracked the pivot in first 5 min,we would have reversed at PL at 2757 as a normal pivot low break.
But gap and 5 min rule saved our position and we added as shown. Our trade (with all three adds) is now at breakeven with SAR at 2762-f. With a bit of help from Uncle Obama and his package ,our trade will move in profit.We hope for the best but trade with SAR at 2762-f.
Hope the above clarifies your doubt.
Best Wishes,
Smart_trade
Vin,
On 14th Jan 2009 at the time market closed we were long.Our stoploss was at PL at 2757 less f and market closed at 2822.
On 15th the opening was at 2715 ,way below our SL and it had not cracked PL in first 5 min. It also has a visual gap and as it opened with a gap against our position gap/5 min rule became applicable. We added above the high of first 5 min + filter of 20 ( gap filter) with a SL at LOD -f.
If it had opened without a visual gap and cracked the pivot in first 5 min,we would have reversed at PL at 2757 as a normal pivot low break.
But gap and 5 min rule saved our position and we added as shown. Our trade (with all three adds) is now at breakeven with SAR at 2762-f. With a bit of help from Uncle Obama and his package ,our trade will move in profit.We hope for the best but trade with SAR at 2762-f.
Hope the above clarifies your doubt.
Best Wishes,
Smart_trade
Last edited:
. Vineet, I think, is a serious practitioner of this method and will not fall for this oft repeated situation- Status
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