Daily Flow with ABAN
Same rules,no difference……but trading the daily charts with ABAN.
Took it today at 716…….but as per daily charts,right entry would be 732+8=740.
Saint
Daily Flow with a Few Stocks!!
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» Daily Flow with a Few Stocks!!
Summary:
To trade the daily flow in a few select stocks.....THREAD LEADERS:BEETHOVEN,PRABHJEET,SAINT
one more gem saint sir..
vl follow from tommorow..
NR
What a day with ABAN, Entered 719 after missing the initial move after 5 min bar, all with 60 min flow. Will be tracking this thread for daily flow.
Is this thread like a Interim uptrend thread(weekly perspective and trade daily) or something like bee does in his daily commodity trading?
Up and down with the daily charts,Pattel………in the Intermed Uptrend,we are looking at the higher tf and letting go of some daily moves if against the general trend of the weekly charts.Here,we are following the Flow like how we do in the 60min Flow,except that,many of the rules in the 60 is not required here.Just simple pivots play,and in a big vertical move,the 2 bar method kicks in.Of course,whatever we learnt about WRB and Failed Breakouts/breakdns will come into play if it happens.
And like the 60min Flow,we are not looking at Patterns,and we are not looking at Supports and Resistances except in one case….Not looking at Supports when Price crashes,but in a Move up,looking at Stiff Weekly Resistances at probable points to pull out profits,but only if it comes with other Flow Criteria….shall discuss more as and when it happens.
As always,we aim for the stars,but would settle for the moon……as always,a word of caution,MM as always,and if after counting,the most that you can take is less than 400 shares(1lot),then please play this only on the long side in cash,and stay out of the flow when we go short.But that has its problems……a broken flow is not flow at all.
And yes,another thing….we are not taking adds in this strategy,at least for now,till we are confident with this time frame.
Saint
Being your student i would never trade without MM rules and Stoploss, Thanks for reiterating the importance. Have lots to catch up now…ambush, daily flow. long way to go!!
stop now at 660.50-filter (WRB)
Thanks
Pattel
We are now +120pts on ABAN Daily Flow………our stop is still at 660-f,means a fall from here gives us a loss of -80pts after being +120pts up…..we are no where near the point we are thinking of taking profits.
This strategy,to reiterate,is huge profits(just playing ABAN) and huge nausea type of play……so careful.If you are the variety that trades looking at your P/L and counting your every penny,this probably is not for you.If you are the type that does cartwheels and go party on making 200pts and gets depressed enough to lock yourself up in a loony-bin on losing the very profits……..this is not for you.
So careful abt this strategy…….. otherwise,if you can trade the charts and shut out all thought abt gains and losing it,welcome to great profits.
Saint
Saint
Exactly. My way of thinking too. Great to see a daily chart play.
Thanks a lot
Bee
/forum/t-168967/daily-flow-with-a-few-stocks#post-
