Kamlesh Sir,
First of all, even if you are not a master but you are more experienced than me, so Sir suits the best.
Secondly, I think you and Savant Sir are on completely different tracks.
Savant Sir, is speaking about Inside Bar trading based on 3 simultaneous bars, wherein you go long and short based on previous/left two bars. The left most bar being the reverse of the position we are taking and the first left one is along the position we are taking and takes out the high and low of the previous bar (still not clear whether we take only the candle body into consideration or include the wick). Once that is done, we enter on the current bar open with SL at the low/high of the left most bar of our consideration.
On the contrary, you are taking about the trend trading. Here, we wait for a Pivot High to form. Once, we are confirmed it is a uptrend ie. previous high is taken out we enter at with the previous low as stop loss. We keep on adding positions on every high. Once the previous low is taken out, it signals a probable change in trend. So, we sell our positions and wait for the next pivot low, wherein the downtrend is confirmed and we go short. (I am still not clear on why you took a short position as soon as the pivot low is taken out? It doesnt necessarily mean a change in trend,if I remember Saint Sir's lessons clearly). We do vice a versa for the short positions.
Forex being a 24*7 entity doesnt create gaps until a Friday close and Monday open (even there the gaps seem to be mostly on EUR/USD, the most traded currency pair), where as Nifty closes everyday creating the gaps. We can trade gaps but for that we need to be very fundamentally strong as Nifty tends to gap on perception**. (*My personal opinion** I mean even if there have been signs that it's been running on gas for quite sometime and there are signs of a probable reverse. You'll find that it keeps on gaping up **)
Talking about the AFL, can you point me towards it ? Where can I find it?
@Offtopic: Which service are you using for the RT data feed?
Btw, I am just one of the 1000s of SE's working @ Hi-tech.
Savant Sir, sorry abt the off-topic.
First of all, even if you are not a master but you are more experienced than me, so Sir suits the best.
Secondly, I think you and Savant Sir are on completely different tracks.
Savant Sir, is speaking about Inside Bar trading based on 3 simultaneous bars, wherein you go long and short based on previous/left two bars. The left most bar being the reverse of the position we are taking and the first left one is along the position we are taking and takes out the high and low of the previous bar (still not clear whether we take only the candle body into consideration or include the wick). Once that is done, we enter on the current bar open with SL at the low/high of the left most bar of our consideration.
On the contrary, you are taking about the trend trading. Here, we wait for a Pivot High to form. Once, we are confirmed it is a uptrend ie. previous high is taken out we enter at with the previous low as stop loss. We keep on adding positions on every high. Once the previous low is taken out, it signals a probable change in trend. So, we sell our positions and wait for the next pivot low, wherein the downtrend is confirmed and we go short. (I am still not clear on why you took a short position as soon as the pivot low is taken out? It doesnt necessarily mean a change in trend,if I remember Saint Sir's lessons clearly). We do vice a versa for the short positions.
Forex being a 24*7 entity doesnt create gaps until a Friday close and Monday open (even there the gaps seem to be mostly on EUR/USD, the most traded currency pair), where as Nifty closes everyday creating the gaps. We can trade gaps but for that we need to be very fundamentally strong as Nifty tends to gap on perception**. (*My personal opinion** I mean even if there have been signs that it's been running on gas for quite sometime and there are signs of a probable reverse. You'll find that it keeps on gaping up **)
Talking about the AFL, can you point me towards it ? Where can I find it?
@Offtopic: Which service are you using for the RT data feed?
Btw, I am just one of the 1000s of SE's working @ Hi-tech.
Savant Sir, sorry abt the off-topic.
Vicky, Im posting a Sample chart Of the Method described earlier, The 60 Minute Flow Of saint sir, Well to make it easy i have used the AFL provided by Karthik sir here...In the charts the Pivot highs and lows are identified by the dots and the SARs are identified by SELL & SHORT SELL and COVER & BUY...Also Plzz go through the rules of this method which u can find in this thread,
http://www.traderji.com/futures/24457-companion-guide-saints-60-minutes-flow.html
http://www.traderji.com/futures/24457-companion-guide-saints-60-minutes-flow.html
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