Going with the Intraday Mini-Flow!!

[musicjunkie]

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

Hello,
Happy new year to TJ members, may everyone have a profitable year.

Not exactly a calm day of sorts.

Long trigger was on a breakout bar, as marked above.
We caught the reversal a tad bit early using the breakout failure that we have discussed before. A breakout bar needs to have a continued move in that direction, failure of that and we reverse at the low of the breakout bar similarly we reverse shorts to longs at the high of a the breakdown bar.

After Reversal to shorts we have a WRB, we add at the lows as marked.
Shorts are covered at losses.

Regards,
MJ-

 

[Satyen]

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

Hi Mj where are you these days .........................?????


Regrds
Satya

 

[myvineet]

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

just one query..can't we reverse at 2.30 pm bar ? means it is not a small bar & it is continuation of downmove ..we will certainly not comfortable holding shorts when this big bar is taken out..specially when we have add with us..

if we see 15 min charts we see a small pivot at 3095. i know we trade 30 min charts but when we have big move we can use 15 or 20 min charts to reverse with the market ..means we can't see market reverse without taking us along

myself reverse at this point ..so just wanted to know am i right in doing so ?

regards

vineet

 

[myvineet]

Re: Saint's Intraday Miniflow - live discussion

the whole thing was sideways for me till 12:30bar...
so, i had in mind bigger filter for both sides...

and as per my chart, 12pm bar was a pivot..
so long above 12+large filter

honestly, i don't know that when a pivot is formed, one is supposed to take small filter...

please correct me...

sunil bhai, we use moving filter when we have no pivot & we feared that market will move without making a pivot & we will only see helplessly..

so when market make pivot & we can figure out very well the resistances & support we came back to small filters because now we know market can't go anywhere without taking us along

hope i am clear now..

regards

 

[myvineet]

Re: Saint's Intraday Miniflow - live discussion

Luckly booked profit@LOD-15.

sachin you can't book profit at LOD-15.. because it is not practically possible

i think you mean LOD +15

 

[touchraj16]

Re: Saint's Intraday Miniflow - live discussion

NF long 10:30 bar high 3134+f, short 10:00 bar low 3110-f

Sirji,
I am learning this method, have a query... why dont we go long 3122+f on first 5 min bar high? where for short 3110-f is ok. Please guide me. Thanks.

touchraj

 

[Smart_trade]

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

Poating today's ( 6-1-2009) miniflow trades :

Today was a classic example of both breakout failures and when to seek help fron 15 min pivot for reversal.

No trade on moving filter today.

1)Trade 1 : Long triggered on PH 3136 + small f

2)Trade 2: Reverse to short below 3125 as the bar in which the PH was broken ,its low getting cracked,failure og upward breakout.

3)ADD to shorts below WRB low of 3087-f


4) Take some profit on 1/3 position in range 3075-80 when mkt showed first sign of reversal

5) Trade 3 :Now comes the use of 15 min pivot. We had a WRB and another strong negative bar and suddenly market started reversing. We have no PH nearby,even WRB high was pretty far. Now we see 15 min pivot High at 3096,here 30 min has already printed bullish piercing candle and it was in agreement for reversal to long. Reverse to long above 15 min PH 3096 +small f
6) Book profit in 3125-35 range

Markets were very fast and even if someone has cought one reversal out of 2,it was very sweet.

Best Wishes,

Smart_trade

 

[Sunil]

Re: Saint's Intraday Miniflow - live discussion

sunil bhai, we use moving filter when we have no pivot & we feared that market will move without making a pivot & we will only see helplessly..

so when market make pivot & we can figure out very well the resistances & support we came back to small filters because now we know market can't go anywhere without taking us along

hope i am clear now..

regards

honestly, i was under the impression that we use LF for the first move's trade & SF for second moves / reversal trades...
your pivot's agreement seems correct on face value...
but still, to completely remove this grey cloud, i will visit the mother thread on thursday (market holiday)

 

[myvineet]

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

5) Trade 3 :Now comes the use of 15 min pivot. We had a WRB and another strong negative bar and suddenly market started reversing. We have no PH nearby,even WRB high was pretty far. Now we see 15 min pivot High at 3096,here 30 min has already printed bullish piercing candle and it was in agreement for reversal to long. Reverse to long above 15 min PH 3096 +small f
6) Book profit in 3125-35 range

Markets were very fast and even if someone has cought one reversal out of 2,it was very sweet.

ST , thanx a lot sir for such a nice & detail explanation..

i am so releved to know that what i had done is perfectly correct & not a stroke of luck..

regards

 

[Smart_trade]

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

ST , thanx a lot sir for such a nice & detail explanation..

i am so releved to know that what i had done is perfectly correct & not a stroke of luck..

regards

Very well done Vineet, keep it up. You cought the reversal beautifully.

ST