Going With The 60min Flow!!!

[faith]

Confused about what?

Saint

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Is this due to difference in data .I am using soumya's data
regards

 

[Prabhjeet]

Looks like in soumya's data the first 5 min. bar i.e 9.55 am is fused with the first hour i.e 10 am bar

 

[myvineet]

Saint

Saint on 8 th there is visual gap down opening & 13.00 bar crosses the first 5 min bar.but we didn't reverse .can you kindly explain this .

regards

 

[Prabhjeet]

Saint on 8 th there is visual gap down opening & 13.00 bar crosses the first 5 min bar.but we didn't reverse .can you kindly explain this .

regards

Good observation friend, but I think new rules were not there at that time

 

[Saint]

Saint on 8 th there is visual gap down opening & 13.00 bar crosses the first 5 min bar.but we didn't reverse .can you kindly explain this .

regards

Posted those charts for a reason........writing it down as of now.

Good observation......didn't expect someone to pounce on that immediately,thought I had to bring it to light....Keen eye,my friend.

Saint

 

[Saint]

Unable to change the way I trade ...... although find the visual gap way juicy.........as I had said these are times when we are still adjusting to changing ways....

As you may well know,we already trade and exploit the Intraday NF using a slightly different strategy......and in staying intraday,we exploit the gaps and its directions.

In trying to bring together many things,I probably may have overreached myself........Therefore a few changes with sincere apologies.

a.Reversals at Pivot points only......Pivots as Rakesh would call it are the aggressive pivots,now don't get into 30min and 60min debates......these pivots are obvious on the 60 as a narrow range bar sideways,etc

b.Reversals using 2 bar methods only in few stocks.....ABAN,HDIL,etc

c.No reversals with Visual Gaps till an aggressive pivot is formed.....and these pivots form most of the times before prices march along.Have to find some way around a short trade that goes in our favour and gaps down big and blasts upwards with no pivots.As MJ would say it,back to the drawing boards........


Sorry for coming across as confused or insane........but the Flow Method was devised not just to pull out great profits,but also to do so with a peace of mind.And simultaneously attack the intradays.......The method in its present form gives too many heart stops,too many turns,it adds turbulence to an otherwise peaceful Flow........Accepting the mistake and returning to what was previously called as Aggressive,with no real answer other than the Gap strategy that we had previously,......but can sense we are nearly there in figuring out how to trade it.

In a nutshell,.......Aggressive Pivots,2 bar method on a vertical move,15/7,and the only thing we bring from the visual gaps method is:On a day when price goes down LH-LL on the 60,and gaps down big the next day,we will add the Rs20MovFilter to the first bar and go long if triggerred.

Once again,apologies.....

Saint

 

[Saint]

Going to be around a bit more actively in this thread for the next 2 weeks to get the strategy back in line and sort out confusions.

Saint

 

[musicjunkie]

Okay Saint,
So Pivots using 60/30, visual gap to be used only when trend move in our favour for a long time plus WRB next day gap in our favour so on and so fourth....

2 bar method with filter (20 or 15?) on WRB.

mmm...so no change? back to square one?

MJ-

 

[Sec 5 (Pyr)]

Wait, about the 2 bar method, are we supposed to use it in NF or not? Your post makes it seem both ways, Saint...

 

[milkyblack]

Unable to change the way I trade ...... although find the visual gap way juicy.........as I had said these are times when we are still adjusting to changing ways....

As you may well know,we already trade and exploit the Intraday NF using a slightly different strategy......and in staying intraday,we exploit the gaps and its directions.

In trying to bring together many things,I probably may have overreached myself........Therefore a few changes with sincere apologies.

a.Reversals at Pivot points only......Pivots as Rakesh would call it are the aggressive pivots,now don't get into 30min and 60min debates......these pivots are obvious on the 60 as a narrow range bar sideways,etc

b.Reversals using 2 bar methods only in few stocks.....ABAN,HDIL,etc

c.No reversals with Visual Gaps till an aggressive pivot is formed.....and these pivots form most of the times before prices march along.Have to find some way around a short trade that goes in our favour and gaps down big and blasts upwards with no pivots.As MJ would say it,back to the drawing boards........


Sorry for coming across as confused or insane........but the Flow Method was devised not just to pull out great profits,but also to do so with a peace of mind.And simultaneously attack the intradays.......The method in its present form gives too many heart stops,too many turns,it adds turbulence to an otherwise peaceful Flow........Accepting the mistake and returning to what was previously called as Aggressive,with no real answer other than the Gap strategy that we had previously,......but can sense we are nearly there in figuring out how to trade it.

In a nutshell,.......Aggressive Pivots,2 bar method on a vertical move,15/7,and the only thing we bring from the visual gaps method is:On a day when price goes down LH-LL on the 60,and gaps down big the next day,we will add the Rs20MovFilter to the first bar and go long if triggerred.

Once again,apologies.....

Saint

Thanks Saint,

Relieved to see your post... with the rules... somehow even I was not comfortable with too many trades... Always looking for points to revert etc... now I think things will be fine again

Thanks

Regards