Nifty : Real time discussions...!

[sumosanammain]

dont underestimate the power of flow...!

they make the most of such days. By far one of the best methods ever. They normally sit idle when market is sideways. SOH ( Sit On Hand) they call it. And when it trend, they mint money....! And they mint a lot of money...!

when sideways they give back with 1 lot, when in trend they make up with huge number of adds....! The money management is simply excellent...!

Sideways markets hits them really bad. Plus the system is getting complicated by the day. Too many rules nowadays. Its not about simple trading anymore.

Over the last 3 months or so, one of the months was really bad, many times quite a few traders will get psyched out, and miss that 1 crucial trade that will give them life. The downside to breaking discipline is too high. You are human, and bound to break a few rules. If done in day trading, it wont spoil your week or month. Most probably it will spoil your day thats all. In flow, it might destroy your entire month.

Though ST will say rules are not meant to be broken, and all, reality is that traders do slip up. I cant remember any trader saying he missed a particular move. Either these guys are super human beings, or they dont disclose when they break rules.

The punishment for breaking a rule should be light, and should be easy to put behind you.

Just my 2 cents, ST, dont take it otherwise. You know I respect you.

 

[Smart_trade]

Sideways markets hits them really bad. Plus the system is getting complicated by the day. Too many rules nowadays. Its not about simple trading anymore.

Over the last 3 months or so, one of the months was really bad, many times quite a few traders will get psyched out, and miss that 1 crucial trade that will give them life. The downside to breaking discipline is too high. You are human, and bound to break a few rules. If done in day trading, it wont spoil your week or month. Most probably it will spoil your day thats all. In flow, it might destroy your entire month.

Though ST will say rules are not meant to be broken, and all, reality is that traders do slip up. I cant remember any trader saying he missed a particular move. Either these guys are super human beings, or they dont disclose when they break rules.

The punishment for breaking a rule should be light, and should be easy to put behind you.

Just my 2 cents, ST, dont take it otherwise. You know I respect you.

Nothing of what you have described happens in flow methods.....and taking a few losses on initial positions does not spoil our month.

But why argue ...if your methods are making money for you...those are right methods for you.....our methods make money for us and those are right for us..... so let all be happy.......

Smart_trade

 

[sumosanammain]

Nothing of what you have described happens in flow methods.....and taking a few losses on initial positions does not spoil our month.

But why argue ...if your methods are making money for you...those are right methods for you.....our methods make money for us and those are right for us..... so let all be happy.......

Smart_trade

Nice to see someone accept the others view. Thanks. A rare quality indeed.

 

[linkon7]

Sideways markets hits them really bad. Plus the system is getting complicated by the day. Too many rules nowadays. Its not about simple trading anymore.

Over the last 3 months or so, one of the months was really bad, many times quite a few traders will get psyched out, and miss that 1 crucial trade that will give them life. The downside to breaking discipline is too high. You are human, and bound to break a few rules. If done in day trading, it wont spoil your week or month. Most probably it will spoil your day thats all. In flow, it might destroy your entire month.

Though ST will say rules are not meant to be broken, and all, reality is that traders do slip up. I cant remember any trader saying he missed a particular move. Either these guys are super human beings, or they dont disclose when they break rules.

The punishment for breaking a rule should be light, and should be easy to put behind you.

Just my 2 cents, ST, dont take it otherwise. You know I respect you.

how many flow traders do u see trading NF... very few...!

Most concentrate on big movers like BNF or tata motors or some other stock where they know their system has a big edge.

The rules they have are basic PA. when a new guy trades, he is given a total mechanical system where his objective is to get used to being whipped around. Mess up with small qty. When execution gets good and the trader doesnt feel stress of holding with wider SL, they get introduced to new rules. Its a nice world where traders help other trader improve their understanding of PA.

Big issue is letting market decide the direction. Delayed entry. wide SL. Keep adding if in profit. Keep profit on the table. These are my demons and they excel on that font..!

I learnt a lot from them. I am not a flow trader. My mindset is that of a chiller collector and i am happy with that. But those who can develop that mindset can expand their trading volume rapidly as its all about following simple money management rules. With time, they only get better.

 

[sumeetsj]

Went long in NF at 5274, 8 lots, and again at 5285(just above previous close price), 6 lots.
Booked 10 lots at 5298, now will be holding rest with a stop of 5280,
if it does not come then will square all but 2 lots..
For the upside, will just keep moving stops further up ahead.
Reliance is strong today so chances are less of stops hitting

Will i be allowed to say today,"Bola tha na",
Booked all today,
going to New Delhi, will be back by next mid-week..
shanti for at least 2 weeks now

)

 

[casonite]

how many flow traders do u see trading NF... very few...!

Most concentrate on big movers like BNF or tata motors or some other stock where they know their system has a big edge.

The rules they have are basic PA. when a new guy trades, he is given a total mechanical system where his objective is to get used to being whipped around. Mess up with small qty. When execution gets good and the trader doesnt feel stress of holding with wider SL, they get introduced to new rules. Its a nice world where traders help other trader improve their understanding of PA.

Big issue is letting market decide the direction. Delayed entry. wide SL. Keep adding if in profit. Keep profit on the table. These are my demons and they excel on that font..!

I learnt a lot from them. I am not a flow trader. My mindset is that of a chiller collector and i am happy with that. But those who can develop that mindset can expand their trading volume rapidly as its all about following simple money management rules. With time, they only get better.

you're very good at collecting at chillar my friend...consistent good week to all....fresh start next week..may be i can get some chillars as well

 

[anuragmunjal]

me too also not a flow trader..but I must admit it is the most comprhensive & logical system that I have ever seen on paper..as a matter of fact I am in the process of incorporating some of its features in my own trading...will definitly update how the results go in a few months....
last but not the least, thanx ST for sharing it with us..

regards

 

[.Pride.]

Dont think "why" of the move ...dont have any bias....catch the move and keep yr stops......as traders that is our " karma". We have no control on why the move is coming ...and we will never know the reason too....

Never mind...such moves keep coming in the market regularly....catch the next big move...

Smart_trade

exactly....follow, don't predict...

"deewana mujhsa nahin, is ambar ke neeche...aage hai kaatil mera, aur main peechhe peechhe"

 

[looser]

300+ points today in BNF

Thats the power of flow.

 

[adityasaraf007]

My trading style is not dependent on one afl. I use a lot of systems simultaneously. Most seasoned traders would find my charts very colorful and complex. Relative new learners find my charts to be too exciting as there is an arrow at every swing. Trust me, u wont be able to trade it like the way i do. I tried a simpler version and posted it on the members section under we love TJ system. Even posted a few model trades. Doubt anyone is interested in that.

Quite true...... for me your Charts are like paintings by the masters which sell at millions........ Looks beautiful but can't understand anything...