Trading 5 Min with 60 Min perspective

#1
Firstly I am thankful to Saint for teaching us simple and money earning methods. There are not enough words to thank him. Many traders are benefited out of it.

I am trading 60 min flow method as well as intraday mini flow method successfully.

I am also thankful to all active boarders for their active participation which lead to more active learning :thumb:. I do not want to take names, but each and everyone has by some means contributed to the success.
I did not participate :( in any of discussion because of lack of time.

Now we are having 60 min flow, intraday mini flow methods getting traded successfully. Trading the chart patterns on 10 min chart is also taking its shape.

Refer to the thread,
http://www.traderji.com/technical-analysis/22219-saints-pivot-method-put-practice.html
This was nice effort by jamit to trade 5/30 system. Post #34 in this thread throws some light on the method. This was the method which was traded by Saint himself.

http://www.traderji.com/day-trading/23865-trading-10min-30-60min-perspective.html

This thread was started by MJ, which was also very educative and informative. Now since this thread will be taken over by new system, I am starting this new thread.

I would like to keep focus on this method (trading 5 min with the perspective of 60 min) and would like to keep it active as well. Because it fetches you money as well consistently. Anything that fetches money (consistent) is good for trader.

As already said, because of time crunch, I will not able to post actively during the trading hours, pardon me for that. But I will try to update the charts @EOD.
Any questions are always welcome. I will try my level best to answer the questions. And I hope experienced students of Saint and Saint himself will help as usual in answering those questions.

Offcourse, there are few variations (mainly in terms of putting stop loss) to what we do in 60 min/30 min flow. I will try to put that up slowly.

Starting off with Friday's trade example.

:cool:
 
Last edited:
#2
Firstly I am thankful to Saint for teaching us simple and money earning methods. There are not enough words to thank him. Many traders are benefited out of it.

I am trading 60 min flow method as well as intraday mini flow method successfully.

I am also thankful to all active boarders for their active participation which lead to more active learning :thumb:. I do not want to take names, but each and everyone has by some means contributed to the success.
I did not participate :( in any of discussion because of lack of time.

Now we are having 60 min flow, intraday mini flow methods getting traded successfully. Trading the chart patterns on 10 min chart is also taking its shape.

Refer to the thread,
http://www.traderji.com/technical-analysis/22219-saints-pivot-method-put-practice.html
This was nice effort by jamit to trade 5/30 system. Post #34 in this thread throws some light on the method. This was the method which was traded by Saint himself.

http://www.traderji.com/day-trading/23865-trading-10min-30-60min-perspective.html

This thread was started by MJ, which was also very educative and informative. Now since this thread will be taken over by new system, I am starting this new thread.

I would like to keep focus on this method (trading 5 min with the perspective of 60 min) and would like to keep it active as well. Because it fetches you money as well consistently. Anything that fetches money (consistent) is good for trader.

As already said, because of time crunch, I will not able to post actively during the trading hours, pardon me for that. But I will try to update the charts @EOD.
Any questions are always welcome. I will try my level best to answer the questions. And I hope experienced students of Saint and Saint himself will help as usual in answering those questions.

Offcourse, there are few variations (mainly in terms of putting stop loss) to what we do in 60 min/30 min flow. I will try to put that up slowly.

Starting off with Friday's trade example.

:cool:
Good going pukhraj.....Look forward to some great charts and inputs from you.

Best Wishes,

Smart_trade
 
#5
One more example.

Remember! the variation is only valid for 5/60 method. I do not want to create
any confusion with 60 min flow and 30 min miniflow system.

:cool:
 
Last edited:
#6
16.03.2009

60 Min chart of NF is in uptrend.
We look for long trades on 5 min TF.

Trade 1

Long @ 2727 with SL 2703

Stop loss hit
Loss -24

Trade 2

Long @ 2720 with SL 2692
Add @ 2729

Exited @ 2777

Profit 105

Days profit: 81 points

Chart shows the trailing stop loss by red lines throughout the life of this trade.
relatively simple day to trade.

:cool:
 
Last edited:

FlowTrader

Active Member
#7
Great going Kaiser :clap:


Is it the pic of Jedi as your avtar?
 

manojkch

Well-Known Member
#9
16.03.2009

60 Min chart of NF is in uptrend.
We look for long trades on 5 min TF.

Trade 1

Long @ 2727 with SL 2703

Stop loss hit
Loss -24

Trade 2

Long @ 2720 with SL 2692
Add @ 2729

Exited @ 2777

Profit 105

Days profit: 81 points

Chart shows the trailing stop loss by red lines throughout the life of this trade.
relatively simple day to trade.

:cool:
Thanks Kaiser. Keep it up:clapping:
Just one thing I didn't understood regarding your first trade. How and why you have gone long at 2727 ( Is it 2720+7) and about SL.?By which rule ?

And in chart, Why you have taken SL as low of green bar ? Is it because the next bar negated more than 50% of the green bar. ?

Thanks
Manoj
 

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