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| Discuss The 60 Min Flow with Break at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Requesting you to kindly read this post before posting anything in this thread. Post Link: ... |
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| View Poll Results: Do you like to improve the gains by taking a BREAK to The Great60 Minute Flow Trading | |||
| YES, I like it. |
   
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10 | 52.63% |
| NO, Will try later. |
  
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9 | 47.37% |
| I am testing the strategy now. |
  
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1 | 5.26% |
| Multiple Choice Poll. Voters: 19. You may not vote on this poll | |||
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#1
5th October 2008, 12:45 PM
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The 60 Min Flow with Break
Requesting you to kindly read this post before posting anything in this thread. Post Link:http://www.traderji.com/equities/244...tml#post232830 Dear All,The 60 Minute Flow with Breaks!!! by Hari. Thank you Saint for your Great Flow system.[Link] In Paper Trading... [Agr.Lead: +300 Points, Trades: 1. See Results] This Trading Setup is a tweaked version of Mr. Saint's The 60 Minute Flow Trading. I will explain here first about The 60 Minute Flow Trading as we cannot move any step forward with out the flow. Then I will explain my simple but effective tweak and its rules with back test details I am preparing now... More over this is just a start of the setup and I need all you help to develop it under various live market strategies. Hope you all will participate and do paper trade with this strategy during live market hours and post your performances and results with this startegy here in an impressive and non-clutter manner. NB: Please don't misunderstand with the comparisons given between The 60 Min Flow and The 60 Min Flow with Break. The 2 systems comparison is a need here as this is not a new system by a tweaked system. So if the result are no much higher than the Primary 60 Min Flow then there is no use of this tweak. We will abandon the tweak and may be this thread itself if the results are not much favourable. Over all this is only a small tweak. The real credit goes to SAINT itself. I welcome you all again. Thank you. Hari. 
Last edited by haribird; 14th October 2008 at 09:19 AM. Reason: Data updated. |
| The Following 13 Users Say Thank You to haribird For This Useful Post: | ||
alex_laxya (6th October 2008), bedantabharali (5th October 2008), columbus (9th October 2008), dnjadeja (8th November 2008), dumdum20008 (8th October 2008), gunavadhi (5th October 2008), hitesh (7th October 2008), man4urheart (7th October 2008), mitasatyajit (9th October 2008), pdurai (6th October 2008), rkkarnani (5th October 2008), SamFisher (6th October 2008), sharmaravi (7th October 2008) | ||
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#2
5th October 2008, 12:51 PM
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Re: The 60 Min Flow with Break
I am just trying to explain the basic system. Its not seriously(did some limitted tests) backtested as I need some more time to back test and live test. I hope you seniors and my all friends will track this system from tomorrow. Read the comments in the image below and understand the tweak I have applied to the 60 Minute Flow Trade by SAINT. All other rules are same as Saint Sir's system as of now except the SWR. Hope we all will be active in developing this system for imprived performance. Also I welcome you to post your daily performances with this system here. You can be part of the ++ and look at this system for exits from trades. I have written this passage just before I fall in bed...so please excuse me for rough language. I will frame perfectly later. WELCOME AND THANK YOU ALL.
RULES: 1) The recent 2 PIVOT LOWs (HIGHs in case of Short positions) are joined and projected when a new PIVOT LOW(HIGH for short) is formed. We from here call these line PLL(Pivot Low Lines) and PHL(Pivot High Lines). (Eg: PLL1, PLL2, PHL1, PHL2, etc). 2) Follow all the rules of the 60 Min Flow till the SWR is crossed by the price. 3) After SWR is hit EXIT from the position and wait for SAR to hit. 4) On SAR Reverse the position. SWR = The Price hit the PIVOT LINES - FILTER (15) in case of Long Position and Price hitting point + 15 in case of Short positions. Additions(Experimenting!!!): You can assume SAR for ploting PHLs or PLLs when PHs/PLs are not getting nearer. Also if you get clear and visual pivot highs and the new pivot high and SAR are too nearer to each other then, priority for SAR will be second. NB: Donot need to consider previous PHLs or PLLs. Only joins recent 2 pivots for PHLs and PLLs. If SAR is hit before SWR exit and reverse at SAR itself. Only exit at SWR don't reverse on SWR but wait for SAR to REVERSE. (Eg: Exit at SWR and wait for SAR to Reverse). Regards, HARI. Last edited by haribird; 8th October 2008 at 05:59 PM. Reason: Data updated. |
| The Following 2 Users Say Thank You to haribird For This Useful Post: | ||
AW10 (7th October 2008), mitasatyajit (9th October 2008) | ||
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#3
5th October 2008, 12:52 PM
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Re: The 60 Min Flow with Break
The Basic System  ----------------------------------------------------- LIVE PAPER TRADING RESULTS POSITIONAL 1. 3 OCT 2008 TO 8 OCT 2008 Short since 3848. The 60 Min Flow Trading : + 660 Points The 60 Min Flow with Break : + 960 Points Additonal P/L with this system : + 300 Points Link to closing CHART/POST : http://www.traderji.com/equities/244...tml#post231999 2. 8 OCT 2008 TO ..-..-.... Long since 3534. The 60 Min Flow Trading : ..... Points The 60 Min Flow with Break : ..... Points Additonal P/L with thi system : ..... Points Link to closing CHART/POST : http://www.traderji.com/equities/244...tml#post232232 Last edited by haribird; 8th October 2008 at 10:20 PM. Reason: Data updated. |
| The Following 9 Users Say Thank You to haribird For This Useful Post: | ||
alex_laxya (6th October 2008), columbus (6th October 2008), dumdum20008 (8th October 2008), mirage (6th October 2008), mitasatyajit (9th October 2008), pdurai (6th October 2008), rkkarnani (6th October 2008), Smart_trade (6th October 2008), vvvv (6th October 2008) | ||
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#4
5th October 2008, 02:53 PM
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Re: The 60 Min Flow with Break
Quote:
BTW : Flow and Break...dont go together!!!!! 
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| The Following User Says Thank You to rkkarnani For This Useful Post: | ||
haribird (5th October 2008) | ||
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#5
5th October 2008, 03:05 PM
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Re: The 60 Min Flow with Break
Quote:
We can only build dams safely in flows! Hari. |
| The Following User Says Thank You to haribird For This Useful Post: | ||
man4urheart (7th October 2008) | ||
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#6
5th October 2008, 03:42 PM
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Re: The 60 Min Flow with Break
Quote:
One more avenue for our fertile (some call it Khurapati) mind !!! Smart_trade |
| The Following User Says Thank You to Smart_trade For This Useful Post: | ||
haribird (5th October 2008) | ||
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#7
5th October 2008, 10:16 PM
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Re: The 60 Min Flow with Break
Quote:
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| The Following User Says Thank You to rkkarnani For This Useful Post: | ||
haribird (5th October 2008) | ||
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#8
6th October 2008, 03:38 AM
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Re: The 60 Min Flow with Break
Hari,
Congrats for starting this new thread and system.I hope we will get something fruitful from here.I am looking forward for live trades rather than back testing results.Actual emotions, line of thinking, avoiding the new traps all is the part of the live trading. I will be stay tuned here. |
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#9
6th October 2008, 07:46 AM
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Re: The 60 Min Flow with Break
Hari,
This tweak is to get out before a confirmation of trend change in anticipation. Nice idea. Have a question. What would be the strategy if the change don't happen? example we were saved by 10 paise on a trade a month ago where we made profit. Any rules around this scenario? I know we can test it but just checking if you have already considered this and have a plan. |
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#10
6th October 2008, 09:07 AM
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Re: The 60 Min Flow with Break
Quote:
Great effort!!! Now trying to understand the system!! We join the 2 most recent lower Pivot High's when we are short, and extend the same to form a Pivot High Line (PHL). Now another Lower Pivot high is formed, the third one, now do we join the 2nd PH and 3rd PH to form the NEW PHL!!??? and then 3rd PH and 4th PH!!! and so on..... What would be our strategy to reenter in case after hitting the SWR the trend continues in our original direction? Also kindly post your trades for any month which will surely clarify what is going on in your mind while devising this system!!! Thanx again!! -R K Karnani |
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