60 min Flow in International Commodities.

[Saint]

I mean why did you go short on April contract, some sort of a Hedge is it??

Holding 4 posns in March....still long,yet to reverse.Shorting as an intraday move,therefore April.

Now will wait for scenario to pan out and do accordingly.

Saint

 

[ThE HaMmEr]

u used mini flow here saint sir ??? 1st bar - f so shorted........ ?

 

[Saint]

u used mini flow here saint sir ??? 1st bar - f so shorted........ ?

Nope....no miniflow here.Actually,that mini gap and breakout should have put up a few more bullish bars.Not doing so,and ending up as a topping tail constitutes failure.

Therefore,a quick capitalisation of a weak pattern.....not miniflow.And if it goes on to break my SARs,then great.

Saint

 

[Satyen]

Nope....no miniflow here.Actually,that mini gap and breakout should have put up a few more bullish bars.Not doing so,and ending up as a topping tail constitutes failure.

Therefore,a quick capitalisation of a weak pattern.....not miniflow.And if it goes on to break my SARs,then great.

Saint

Great teaching Sir thank you very much i.e why was feeling bad when you were not posting

Regards
Satya

 

[ThE HaMmEr]

Nope....no miniflow here.Actually,that mini gap and breakout should have put up a few more bullish bars.Not doing so,and ending up as a topping tail constitutes failure.

Therefore,a quick capitalisation of a weak pattern.....not miniflow.And if it goes on to break my SARs,then great.

Saint

clear now sir.....thank u ........

detailed thing now understood....abt price movements......and gap....

i was not understanding breakout......


regards

neeraj

 

[Saint]

Great teaching Sir thank you very much i.e why was feeling bad when you were not posting

Regards
Satya

Good to have you back,my friend.

Saint

 

[rishig38]

wow...what a recovery...could this be the PL that we longs were looking for?

 

[Satyen]

Good to have you back,my friend.

Saint

Thank you Dear Saint ..........

some quick patterns in nifty also happens and i am sure you use it also other than miniflow ........

plz some time in freee write about these patterns

even though i do not trade miniflow i use some pattern to add and exit keeping base lot with the 60 min flow and that saved me lot of time going into negetive month

Regards
Satya

 

[beethoven]

Re: R & D in flow method some ideas

Friends, this thread is rocking like good old days of Saints 60 min flow--- and most of our old friends, stalwarts and new ones are now keeping tabs on this one. I have a few ideas, which can be explored, if found interesting enough.

I am a great believer in Fibonacci numbers and it is a well known fact that prices move in Fibonacci ratios. The latest range of nifty is between 61.8% and 23.6% of the high made on Jan 6, 2009 and low made on Jan 23, 2009.

Now we are playing 60 minutes time frame, which is giving good results. Now a mass of traders playing 60 minutes pivots will have more or less identical set of stops and hence trade entries which is bound to be noticed sooner or later by the market players. We have already seen this before and as this method catches on, this problem may become acute.

Now the area to do research is to find other time frames and my favourite numbers are fibonacci numbers so we can explore the applicability of this method on TF like 34, 55, 89, 144 minutes and even 233 minutes (as 4 hours TF is quite popular in Forex trading). Higher TFs are more suitable for commodity trading and will be less stressful.

The points to be checked while back testing various TFs are:

1. Do pivots behave well?
2. Are spikes more or less in a particular time frame?
3. Do filters work well i.e., whipsaws are less?
4. As prices move in waves of Fibonacci ratios, will Fibonacci number time frame behave in a better way?
5. Also if any other time frame (non-Fibonacci number) for any particular security behaves better?

This will throw up limitless possibilities and each trader will have his own favourite time frame to work on and so the mass of identical orders and hence the predictable behaviour of a set of traders will then be dispersed.

Saint, your comments are welcome. If any such work has already been done then what was the outcome. Is this worth following up?

Thanks

Bee

 

[rishig38]

got a new PL now...moving stops for longs to 11435-f...