Going with the Intraday Mini-Flow!!

[bijovyppil]

Re: Saint's Intraday Miniflow - live discussion

short will be 2.00 low-f(reversal bar) ...right .....or should go for 1.00 low-f?[/QUOTEharsh ,i would prefer LOD -filter

 

[bijovyppil]

Re: Saint's Intraday Miniflow - live discussion

harsh i would prefer LOD - F

 

[pleaseharsh]

Re: Saint's Intraday Miniflow - live discussion

ok...now i too think ..the short should be @ pivot or lod-f(practically no much diff in lows)..its a tight range so far let it breakdown with force to go short at lod -f....anymore views...

 

[pleaseharsh]

Re: Saint's Intraday Miniflow - live discussion

wt a tug of rope between bulls & bears....though someone should win at end...

 

[sachinsamani]

Re: Saint's Intraday Miniflow - live discussion

wt a tug of rope between bulls & bears....though someone should win at end...

Bulls are getting stronger. Is long trigerred?

 

[pleaseharsh]

Re: Saint's Intraday Miniflow - live discussion

no....actually made up my mind today not to get in trade at 3.00 ...my personal views...just watching screen...

 

[bijovyppil]

Re: Saint's Intraday Miniflow - live discussion

good morning friends...
have a nice trading day... look out for 3150( out of scope w.r.t mini flow rule, but..........)
bijo

NEAR TO 3150... tomorrow will be crucial

 

[kapil123]

Re: Intraday Miniflow Trades for Today: Saint's Method

Today Short was triggered on break of the pivot 3075 -SF.
We move the SAR to the top of the breakdown bar at 3086 + SF.

The next bar itself took out our SAR and we are long at 3086 + SF. (the reason for this long being the breakdown failure)
Add to the longs on break of the pivot 3103+ add filter.

Booked profits at the end of the day at around 3130-35.

 

[MINITRADER99]

Re: Saint's Intraday Miniflow - live discussion

Some day we have to sit simply and watch the nifty trading in tight range. Today was only watch day though tommorrow appears to be promising.

 

[Smart_trade]

Re: Intraday Miniflow Trades for Today: Saint's Method

Thanks Kiran for your reply. I understood what you want to say. But still some confusion because in main thread I have read somewhere regarding second move which was reply by Saint Sir to querry raised by Smart_trade.

Quoting the querry and reply as it for reference.....

Question : Originally Posted by Smart_trade
MOVING FILTER:For the NF,put in a moving filter at Rs 14 on the 30min charts.

Not clear Saint, Does it mean that we call a bar a breakout bar(5 min) if the high (low) of that bar is greater(lower) than high (low) of the preceeding bar plus (minus)Rs 14.Once such bar is formed(considering it is a bullish breakout) we add another Rs 14 to the high of the breakout bar and that is our entry point with low of the bar -Rs 7 as SL ?
(Reverse for Bearish breakout bar )

Answer : (Saint Sir)

BAR 1--High of 4325,Low of 4275..........we want the next bar to break past 4325+14=4339.Or go down below 4275-14=4261

BAR 2---High of 4335,Low of 4295.........we are still not in.We want the next bar to break past 4335+14=4349.

BAR 3----High of 4346,Low of 4322....still not in.We want the next bar to break out of 4346+14=4360.Or the low of 4322-7=4315 to get taken out.
BAR 4----High of 4355,Low of 4312......we are now in short.

The Rs14 moving filter is to extract a "Either we are getting that big move,or we are not interested" out of that opening bar.

Also,if you noticed that the short is at Rs7 ..........because it is Move no 2 of the day.We got out of trading Move no 1,from Move no 2 onwards,it is Reversals at Rs7 and adds at Rs5.

Only that first move do we put in that Rs14 and move it bar by bar daring it to take that price out...........rest of the day,no moving around the values.

Please correct me if I am wrong.

Thanks in advance as my thanks button is not activated yet.

Regards
Manoj

Manoj,

You are right in saying that the upmove was the first move on 1-1-09 and for the first move we use larger moving filter ( it was 14 earlier but most of us are using larger than that now) and we trail the lows of successive bars for 2nd move with smaller filter ( earlier it was 7 but now most use larger filter) so 5th bar ie 12:00 bar low was 2992.95 and the next bar low was 2986 so the short trade is not triggeted even with smaller filter for second move.

Another variation some of us are using is to have larger filter for first trade irrespective of the move of the day till the trade is on well defined PH/PL. This may be a good variation in sideways market but I have yet not tested the same and I am still using large/small f as per Saint sir's rules,no changes there.

If the low of next bar was lower than 2986 ( say 2980) then short trade would have certainly triggered at 2992.95- small F and this short trade would have to be reversed to long when PH at 3003 was taken out subsequently.

Hope the above clarifies your doubt. If anything is not clear, please ask ,will try to answer the same.

Best Wishes,

Smart_trade