Trading With The Flow!!!

Folks - I have been trading educomp from last three months using Saint's Ji 60 Min Flow…thought a dedicated thread will help to track our levels and trades.

PLEASE POST ON EDUCOMP 60 Mins related trade in this thread….

Great going,Actuary…….looking fwd to it.

Saint

Last Updated : 23/03/2009 6:37 pm

why have you marked Current SAR at todays 3PM bar. SAR stands at yday PH.

nisha
agree with komal, today's high cannot be sar in educomp.

Hi Komal, Niftyrider…

Was typo…in my spreadsheet it is 19/03/09's Last Bar High + F…

Cheers, Nisha

Great thread, trying to tame this beast ain't going to be easy!
Looking forward to your charts….

Regards,
MJ-

Sorry nisha for not being clear in my post, but I mean the SAR stands at 19th High (which is 11am bar).

Everyone long in EDUCOMP.
Huge difference between April and March price.

Today's move as at 23/03/2009 6:37 pm updated……….

PS- No one trading EDUCOMP anymore.
Nisha how about you ???

Komal,

The SAR shown at 2 should have been brought down to 5 min bar high of March 31. 11 am bar of March 31 went lower than 3:30 pm bar of March 30, though minor but still warranted bringing down the SAR. Further, inside bar formation of 12 noon bar would put us on guard.

This shifting of SAR would have saved EOD reversal and you would have been happily long till now :-)

Bee

PS: Not trading this script but studying as you have very nicely put it up

Bee
3:30 Pm bar march 30 low is 1912.6 and 11 am bar March 31 low is 1912.25. The new lows were not made, however it is a border line case one can shift SAR to 5min bar high of March 31. But even then EOD reversal would have come into picture beacuse the reversal would have happened at the same bar (as pointed in the picture above).

thanks
KomaL

3:30 Pm bar march 30 low is 1912.6 and 11 am bar March 31 low is 1912.25. The new lows were not made, however it is a border line case one can shift SAR to 5min bar high of March 31.

New low was made. So shifting is as per the rule.

But even then EOD reversal would have come into picture beacuse the reversal would have happened at the same bar (as pointed in the picture above).

With shifting of the SAR to 5 min bar high, how is EOD reversal coming into picture? Price closed much higher. 5 min bar hi is 1984 as per my data and that is the reversal point. From 3:25 pm onwards the price traded above 1988 till the close at 3:30pm.

This is grinding extremely small Komal, but then that is what we are here for.

Happy trading

Bee

yes bee .. sorry for all the mess.
1912.25 is smaller than 1912.6 (how did I miss that????)so new lows were made and hence SAR would have been shifed at 5min bar high.
With 5 min bar high as SAR EOD reversal does not come into picture because price was closed above 5min high ….. well before my understanding was price if close below our PH+f we reverse at EOD, learned yday that filter should not be taken into account and learned that hard way :(.

PS: Very frankly I had perhaps have very little understanding about EOD reversal and that day there were reversal happening everywhere nifty, banknifty .. I did not take banknifty so I just decided to go on wiith edu to offset my positoins :( … thats the hard truth.

thanks for this
KomaL

Komal,
We all make mistakes and learn. Your example was a learning experience for me also that even very small price movements have to be taken care of in our rules and cannot be ignored. Our rules work so all the more reason to stick by them strictly.
Take care
Bee

Educomp had that gap down on 8th and has remained in short territory since then.

Latest SAR at 3pm high on the 9th.

Saint

Educomp back to long

komal
mondays 3.30pm bar was sar??

didnt appld gap rule as 5mnts bar was bearish.
is the abv correct.

hello nifty rider
GAP .. there is no gap in my charts ..
I kept my SAR at mondays 2pm bar

Saint sir
Please clear my doubt, should I have reversed at todays 11pm bar high+F.

thanks
KomaL

Yes Komal………reason is because of the WRB breakdown(last bar yesterday) and then today's Bar 2 closing within the Pivot High-Low range………..we have a 2 bar breakdown failure.Long above that bar,add above the pivot.

Saint

The entire perspective of seeing the price action in 60 min flow is undergoing a profound change.
Bee

thanks saint sir … I read the same in the demystifying section but was bit hesitant to apply … thanks again.

So now we have huge WRB breakout .. but 50% rule wont come into picture as this is the first breakout bar that has ended the downtrend and started off the new uptrend … SAR at low of WRB.

thanks
KomaL

SAR now at yday 3pm bar

SAR 2 bar method kicks in here……….still short with SAR over 1pm bar high.

Saint

Saint Educomp was in sideways range whole day .. shall bring SAR to days high.

Thanks
KomaL

Saint sir .. now OK to bring down the stops .. it has been in sideways for long.

thanks
komal

Yes Komal………..now latest SAR at the high of 7th.

Saint

Saint sir
Short on Educomp now below 3024-f

Komal,
Congratulations on riding this wave in Educom. My view is below in the chart with the data I have. Some comments on Educom external to 60 min flow method. Recent talk on emphasis on education by the Govt. and perceived impression that huge investments in this sector will be made in near future, has made this counter quite bullish and this will be bolstered by the Union budget on Monday irrespective of how the budget finally comes out but the political will to improve this sector is very clear and present. So ride this wave and enjoy!!!
Bee

Komal,

The resting bar ( immediately next bearish bar ) after the breakout WRB has not closed below 50 % of the WRB…..so SAR at low of WRB-f …..and NOT below low of resting bar.

Quoting Saint sir 's post on this point :

**1.WRB BREAKOUT:Here we have higher pivot highs and lows,and then we have a WRB breakout over a previous pivot high,as always a visually obvious WRB.We are now looking for the next bar.If the next bar closes below 50% of the previous WRB(Open-Close),we are reverting to shorts below the low of this bearish bar.

NOTE 1:This is a 2 bar setup…….we need a WRB Breakout+next bar bearish bar closing below 50%.Then only does this trigger……If the next bar is a small bullish bar,and the next bar is a doji,then all of the above is null and void.Stops at the low of the WRB Breakout,and reverse if triggers.

NOTE 2:This above pattern is only in an uptrend……….only in WRB Breakouts alone.Not WRB Breakdowns.In WRB Breakdowns,stops at the high of the WRB.No 50% next bar business……..we reverse only on a break of the high of the WRB.**

Bee is correct in his judgement…..

Best wishes,

Smart_trade

Some good stuff here……very nice……Komal,from my end same as Bee and ST…..But next day gave us a sideways pivot and breakdown there is a shorts play.

If in Educomp,we are currently in long posns.

Saint