The OrderFlow calls are updated on twitter and posted as a summary in the link on the right side.
You can access it anytime through this link : https://docs.google.com/spreadsheet/ccc?key=0Aguuu7T3NhX2dHRQTVdTanJaaTZVZXNUc3hDQ195LXc#gid=0
Here is the summary of all the points made through OrderFlow from the 7th of November to the 6th of December:
[googleapps domain=”spreadsheets” dir=”pub” query=”output=html&widget=true&single=true&element=true&gid=0&key=0AgEgUfiRsUQDdEVFakhGZGlVYVpCMXhlUUZaaDA4MEE&range=A3%3AG6″ /]
The OrderFlow returned 990 points in the Nifty and 1868 points in the BankNifty.
The calculation was done based on the records on the twitter page which ensured that there would not be any big disparity between online traders in the room or offline traders relying on delivery of messages.
For any person to be successful in trading the simple formula is :
The Performance of the system is best explained through the link above. There is a lot of info on the system in the links to the right of the blog.
The system has been well thought out and captures all the moves of the market.
What you need to be focusing on is on the Trader within You.
Remember it is a multiplication sign( not a plus sign) between you and the system, so without your efforts the system cannot give you any results.
Surely if you are a zero, then no system would work with you, as nothing multiplied to a zero can give you results.
The best way you cannot be a zero is to give the system a chance to work with you by following it thoroughly. The key word here is discipline. Unless you have it, no system will work with you.All you need to do is ensure timely action on all alerts ( including profit booking points) and avoid trading against the system.A trade passed by is better than a trade taken against the OrderFlow.
We have a positive attitude towards StopLosses which we consider an integral part of a trader’s life. Every stoploss you take, brings you closer and closer to a real big winner. The idea is to remain engaged and wait for the Big Move to come your way. Like they say often, quitters never win and winners never quit.
There will be periods of whipsaws and negative returns, but remember at the end of the day, here is a system which works in all markets and across instruments provided you let it work for you.
