Going With The 60min Flow!!!

[faith]

Re: 60min Flow Trades for the Week: Saint's Method

Okay....sorry about that.....in continuation with the previous post,Flags present a problem for the Pivot Trader.A bear flag has higher pivot lows and high of decreased gradient as compared to the lower pivot highs and lows that make up the preceeding downtrend.That gives the impression that an uptrend has resumed when it actually is nothing but a pause in trading before we head to new lows.

Like in LT that day.....And in NF on 20th-21st Oct.

How we manage that is by putting in our stops at previous pivot highs in the main trend....in this example lower pivot highs in the main preceeding downtrend.If a flag were to take out our stop points,no choice but to reverse long and go with the resultant flow.Wrong on our part to anticipate that a particular move is a flag,and miss out on an uptrend.Wrong also to move stop down to the pivot high within a flag and get tossed about.

Of the 2 types of Flags,the Bear Flag is easier to deal with.......Downtrends seem to end with a failure pattern or a V shaped revival.Hardly ever is that time one sees a Higher Pivot Low and take off.

The Bull Flag is more difficult to manage.........Uptrends also end as above,failure,V shaped,or pattern breakdown......but many times,simply a lower pivot high and then a fall.To anticipate that every lower pivot high is a Flag is wrong.But price does give us a few hints.....For example,a WRB breakdown and then a lower pivot high.Raise stops.....Don't say that stops are not to be raised till new highs are made.

The way a Flag forms in an uptrend and the way the Reversal forms after an Uptrend are 2 different ways......The Flag will be low range bars,mild gradient,lower volumes....A Possible Reversal may give a signal by a WRB,higher volumes,and then lower vols as it makes a lower pivot high,before volumes come in and give us a confirmed reversal.

Important therefore to go through thousands of charts......all the above are words pointing to something...Don't get caught up in the web of definitions and words,....finally it's all about the charts,and how it plays itself out.

All the best!
Saint

sir the answer is given by you just posting the charts ,please correct if I am wrong in interpreting.

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[faith]

Re: 60min Flow Trades for the Week: Saint's Method

Okay....sorry about that.....in continuation with the previous post,Flags present a problem for the Pivot Trader.A bear flag has higher pivot lows and high of decreased gradient as compared to the lower pivot highs and lows that make up the preceeding downtrend.That gives the impression that an uptrend has resumed when it actually is nothing but a pause in trading before we head to new lows.

Like in LT that day.....And in NF on 20th-21st Oct.

How we manage that is by putting in our stops at previous pivot highs in the main trend....in this example lower pivot highs in the main preceeding downtrend.If a flag were to take out our stop points,no choice but to reverse long and go with the resultant flow.Wrong on our part to anticipate that a particular move is a flag,and miss out on an uptrend.Wrong also to move stop down to the pivot high within a flag and get tossed about.

Of the 2 types of Flags,the Bear Flag is easier to deal with.......Downtrends seem to end with a failure pattern or a V shaped revival.Hardly ever is that time one sees a Higher Pivot Low and take off.

The Bull Flag is more difficult to manage.........Uptrends also end as above,failure,V shaped,or pattern breakdown......but many times,simply a lower pivot high and then a fall.To anticipate that every lower pivot high is a Flag is wrong.But price does give us a few hints.....For example,a WRB breakdown and then a lower pivot high.Raise stops.....Don't say that stops are not to be raised till new highs are made.

The way a Flag forms in an uptrend and the way the Reversal forms after an Uptrend are 2 different ways......The Flag will be low range bars,mild gradient,lower volumes....A Possible Reversal may give a signal by a WRB,higher volumes,and then lower vols as it makes a lower pivot high,before volumes come in and give us a confirmed reversal.

Important therefore to go through thousands of charts......all the above are words pointing to something...Don't get caught up in the web of definitions and words,....finally it's all about the charts,and how it plays itself out.

All the best!
Saint

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[KomaL2099]

Re: 60min Flow Trades for the Week: Saint's Method

Plz clarify on ABAN.. i think we r long. Also clarify as to what is the filter used..

here is my view....

 

[Saint]

Re: 60min Flow Trades for the Week: Saint's Method

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Thank You,Faith....

Saint

 

[Saint]

Re: 60min Flow Trades for the Week: Saint's Method

sir the answer is given by you just posting the charts ,please correct if I am wrong in interpreting.

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Great stuff,Faith.....till that point is hit,we in Flag Territory.Hitting it is Reversal Territory.And to top it,a WRB Breakout from a Bear Flag Failure.

Saint

 

[Saint]

Re: 60min Flow Trades for the Week: Saint's Method

here is my view....

Excellent,Komal.......simply excellent.....

Saint

 

[Saint]

Re: 60min Flow Trades for the Week: Saint's Method

Yah...the charts will help us to understand better. Hope Saint sir will dedicate some more time for us in putting charts.

In NF OCT 2008 20 & 21'st days charts... Its a Flag/Pennant?

Haribird.

Ah.....looks less of a flag on your charts.....but think you get the concept.

Saint

 

[ThE HaMmEr]

Re: 60min Flow Trades for the Week: Saint's Method

is dis flag ??

know very less abt them...but i trade jp and saw this after gng long......long consolidations...low range bars,mild gradient,lower volumes....

neways....lot of charts to go through....will keep'em coming........


regards

neeraj

 

[saurabhsabnis]

Re: 60min Flow Trades for the Week: Saint's Method

neerajji.there are atleast 3 flags in the chart.when you keep looking for them you will be able to identify them easily

 

[ThE HaMmEr]

Re: 60min Flow Trades for the Week: Saint's Method

JP ASSOCIATE TRADES 4 D WEEK.....