Going With The 60min Flow!!!
- Thread starter Saint
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Re: 60min Flow Trades for the Week: Saint's Method
Friends
Many are trading NF and various stock futures. To make this a learning experience, may be people can put up their current positions - long or short - in various futures and tell why they are holding this position. Will make an interesting exercise.
I am trading Aban and my position was explained some posts back. I would be much interested if someone would comment if I have adopted faulty stance.
Thanks
Bee
Friends
Many are trading NF and various stock futures. To make this a learning experience, may be people can put up their current positions - long or short - in various futures and tell why they are holding this position. Will make an interesting exercise.
I am trading Aban and my position was explained some posts back. I would be much interested if someone would comment if I have adopted faulty stance.
Thanks
Bee
Re: 60min Flow Trades for the Week: Saint's Method
I have been short on NF below 2715-f (triggered on 3 pm bar of Dec 1). Yesterday I was not very clear about using Gap rules in favour of the trade, so I put half the short qty to buy above 2721+f. This got executed. On the net as of now, i am still short NF. Will add to short below ystrday PL.
regards,
vin
I have been short on NF below 2715-f (triggered on 3 pm bar of Dec 1). Yesterday I was not very clear about using Gap rules in favour of the trade, so I put half the short qty to buy above 2721+f. This got executed. On the net as of now, i am still short NF. Will add to short below ystrday PL.
regards,
vin
Re: 60min Flow Trades for the Week: Saint's Method
Vin
Nifty was short below 2796-f on 01-dec.
reversed yday above 2621+f.
PS: Oh VIN .. werent you and I discussing about that tweak which saint mentioned when I posted chart. Long down bar ..small bullish candle .. why didnt you follow then???
Hoiwever 2796 was a pivot low on 01-dec.
Vin
Nifty was short below 2796-f on 01-dec.
reversed yday above 2621+f.
PS: Oh VIN .. werent you and I discussing about that tweak which saint mentioned when I posted chart. Long down bar ..small bullish candle .. why didnt you follow then???
Hoiwever 2796 was a pivot low on 01-dec.
Re: 60min Flow Trades for the Week: Saint's Method
I will try to put in my views here, I may be wrong - Saint/Rakesh can correct me here.
On Dec1, sideways movement made a pivot low at 2796 (12 noon bar). I would have gone short below that. Again yesterday, sideways movement made a pivot high at 2621 (11 am bar). I would have gone long there.
A big gap after a steep fall calls for gap rules - if 5 min bar hi + room is not taken then we shift the sar back to previous SAR and wait for a new pivot to form to take action.
Half the short quantity covering is anyway not as per rules - desist - if MM does not allow then enter with lesser lots.
My views - divergent from your actions
but hope I have been logical.
Bee
I will try to put in my views here, I may be wrong - Saint/Rakesh can correct me here.
On Dec1, sideways movement made a pivot low at 2796 (12 noon bar). I would have gone short below that. Again yesterday, sideways movement made a pivot high at 2621 (11 am bar). I would have gone long there.
A big gap after a steep fall calls for gap rules - if 5 min bar hi + room is not taken then we shift the sar back to previous SAR and wait for a new pivot to form to take action.
Half the short quantity covering is anyway not as per rules - desist - if MM does not allow then enter with lesser lots.
My views - divergent from your actions
but hope I have been logical.Bee
Re: 60min Flow Trades for the Week: Saint's Method
Komal,
Was 2796 based on large bar down in uptrend? If so, that nuance I feel, was not applicable since the next bar didn't go below low of 2796 on dec-1. This bar was inside bar. so i didn't see 2796 as a shorting point.
However, it would have turned out to be more profitable entry and that matters !
regards,
vin
Komal,
Was 2796 based on large bar down in uptrend? If so, that nuance I feel, was not applicable since the next bar didn't go below low of 2796 on dec-1. This bar was inside bar. so i didn't see 2796 as a shorting point.
However, it would have turned out to be more profitable entry and that matters !
regards,
vin
Re: 60min Flow Trades for the Week: Saint's Method
it formed a pivot as well.
On that tweak whatever I have read .. saint has only mentioned that after a big down bar if a small bullish candle is formed ..verify from 30min chart etc etc ...
No where it is mentioned that the small bullish candle low must be below big down bar.
Anyways the reversal was based on pivot.
PS: No more discussions .. otherwise I might get kicked out !!!!!!!
it formed a pivot as well.
On that tweak whatever I have read .. saint has only mentioned that after a big down bar if a small bullish candle is formed ..verify from 30min chart etc etc ...
No where it is mentioned that the small bullish candle low must be below big down bar.
Anyways the reversal was based on pivot.
PS: No more discussions .. otherwise I might get kicked out !!!!!!!
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