Trading With The Flow!!!

MODIFICATION 1:

We bring in the Daily Charts into the picture…….the TimeFrame of Trade remains the 60min.If the 60min Flow is in line with a Daily Trend…….eg,both the 60 and the Daily is in an uptrend…….the adds are as follows:Initial Position,Add1,Add2,Add3.If we get a trend move in the opposite direction but without our stops taking us out of the trade,and then back to the original trend………we then ADD 4,5,6 till break of trend to the down.Vice versa for shorts.

This is the way already mentioned in the original 60min Flow Rules ………now the variation comes when the daily is in an uptrend and the 60min Flow is in a downtrend.Then,we add only ADD 1,2 to our Initial Positions.

We have been doing the first paragraph style either direction…….But I am all for looking at higher time frames to decrease the adds……so,no more a tweak,but the method itself.This idea was suggested by Prabhjeet…..Thank you Prabhjeet!!

Saint

MODIFICATION 2:

The EOD Reversal as described in http://tradersaint.com/forum/t-142942/the-60min-flow#post-433975

All the best!
Saint

MODIFICATION 3:

Slight but crucial modifications in the way we tackle Failed breakouts/Breakdowns,Failed WRB patterns,Failed 2 bar breakouts,etc.

http://tradersaint.com/forum/t-142942#post-443696

http://tradersaint.com/forum/t-142942#post-447669

http://tradersaint.com/forum/t-142942#post-447720

http://tradersaint.com/forum/t-146961#post-448985

All the best!
Saint

MODIFICATION 4:

SAR levels are raised every time a new pivot high is made….also raised in a vertical move using the 2 bar method….or gaps as per its rules,but whatever the scenario,the focus is to raise the SAR to a point where it reverts and we go the opposite direction.The focus is not on the small pivots within the sideways range,or a wedge/flag,etc.

Therefore,the SAR is raised on new highs,……if that new high is not attained,SAR remains where it was.Note:It does not mean that those pivots within the flag or the wedge or the sideways are not pivots,merely that they are not points that we would raise our SAR to.It also means that when price goes above the previous pivot high of a bull flag,we raise our stops to the lowest point of that flag from the previous SAR(not necessarily waiting for new highs before the flag got started.)

The only time we do not bother about new highs is when we get a visually long sideways range.Here if the range breaks down,we are short.

The above is stated talking of uptrends,vice versa for downtrends.

All the best!
Saint