Going with the Intraday Mini-Flow!!

[myvineet]

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

not so simple for folks with higher filter..the entry just missed by 10.30 & then market doesn't make big move ...enter short by 12.30 bar only to reverse long ..

bigger filter saved me many time from entering in wrong trade but this is first time that this has happen...

never mind....new lesson learnt

regards

 

[beethoven]

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

not so simple for folks with higher filter..the entry just missed by 10.30 & then market doesn't make big move ...enter short by 12.30 bar only to reverse long ..

bigger filter saved me many time from entering in wrong trade but this is first time that this has happen...

never mind....new lesson learnt

regards

Vineet

Could not understand why you went short at the low of 12:30 less short filter? See 12 noon bar was an inside bar to 11:30 bar, so logically the short should have been set at 11:30 bar low less short filter.

Bee

 

[Smart_trade]

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

not so simple for folks with higher filter..the entry just missed by 10.30 & then market doesn't make big move ...enter short by 12.30 bar only to reverse long ..

bigger filter saved me many time from entering in wrong trade but this is first time that this has happen...

never mind....new lesson learnt

regards

Never mind Vineet,pat yourself on your back because you traded the system faithfully.

Yes such things happen in trading,we miss a good trade narrowly because of some parameter,we get filled on the highest tick in long and lowest tick in short,we get our stoploss hit on the last tick of the corrective move etc.We have to take all these in our stride and carry on with our job as traders with a smile.

Have faith that market will abundantly reward us for the same qualities in future, I have no doubt on that.

Best wishes,

Smart_trade

 

[myvineet]

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

Vineet

Could not understand why you went short at the low of 12:30 less short filter? See 12 noon bar was an inside bar to 11:30 bar, so logically the short should have been set at 11:30 bar low less short filter.

Bee

SIR.. as i had clearly stated that i had not gone long so i am in search of my first trade ..as first move is upward i had use small filter for entry in down move..

plz don't confuse yourself ..if you enter long then your look at candles is entirely different then me...

my sincere apologies if my post confuse anybody

regards

 

[Smart_trade]

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

Vineet

Could not understand why you went short at the low of 12:30 less short filter? See 12 noon bar was an inside bar to 11:30 bar, so logically the short should have been set at 11:30 bar low less short filter.

Bee

Vineet is using large filter more than 18 , Bee, hence he missed long trade in 10:30 bar. As 12:30 bar made HH and HL he took a short trade at 12:30 bar low less small f. This trade was triggered in 1:00 pm bar.

Regards,

Smart_trade

 

[beethoven]

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

SIR.. as i had clearly stated that i had not gone long so i am in search of my first trade ..as first move is upward i had use small filter for entry in down move..

plz don't confuse yourself ..if you enter long then your look at candles is entirely different then me...

my sincere apologies if my post confuse anybody

regards

Vineet, Please do not call me Sir. My comment was from entry point of view only and your choice of small filter for short trade was also correct.

This comment is not to point out your mistake but to have a dialogue to hone our skills further. Candles now interest me immensely and in our trades here and in 60 min we see them very closely. Virtually all here who follow Saint's rules have reached a very high level of proficiency and you especially have done very well. Your posts reflect a high degree of honesty and earnest desire to learn.

Basically I wanted some sort of comment on my observation.

One ,more thing when we encounter narrow range doji type of candles, we have to give them a wide berth and take shelter of a normal range bar in the vicinity to confirm market direction.

Happy trading, my friend, you have done very well and best wishes to you from my side.

Bee

 

[pleaseharsh]

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

bee...wt tf candles do u follow/analyse from beginning ? wholey 30 min tf candles from very beginning...
for e.g if trade gets trigger at 10.20 ...so candle pattern on 15 could be different from 30 tf or other tf...we might have a doji candle in a particular tf and the relating candle at the same time in other tf could be something different...i hope u got it wt i mean to ask....

ps: members : this is just asked for the knowledge and not to divert the actual rules or flow...

 

[beethoven]

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

bee...wt tf candles do u follow/analyse from beginning ? wholey 30 min tf candles from very beginning...
for e.g if trade gets trigger at 10.20 ...so candle pattern on 15 could be different from 30 tf or other tf...we might have a doji candle in a particular tf and the relating candle at the same time in other tf could be something different...i hope u got it wt i mean to ask....

ps: members : this is just asked for the knowledge and not to divert the actual rules or flow...

We see candles on a stable TF. If you are using 30 min TF then see candles on that TF as our actions will be taken in that TF only. No need to complicate the situation by seeing lower or higher TFs. Just follow Saint's rules strictly. Candles are there to take action where Saint's rules are silent -- that is profit taking area. Also in some cases like today take a cautious approach to avoid entering a bad trade if the candles are of a particular type.

I also face serious trouble in taking profits arbitrarily and tend to hit the SAR without taking any profits in this miniflow method and was forced to devise some ways to get around it. In 60 min flow we do not have to decide on profit taking as we hit SAR as per the flow and profits accrue automatically over a period of time. That is why that method is probably the best there is that I have come across (it is complete in every aspect) -- Saint cannot be thanked enough for showing us the way.

Bee

 

[pleaseharsh]

Re: Saint's Intraday Miniflow - live discussion

good morning to all the members.....

 

[rajendrani]

Re: Saint's Intraday Miniflow - live discussion

good morning to all the members.....

Good morning harsh, and good morning to everybody

A little advertisment over here
please go through my new thread on part time trading
http://www.traderji.com/technical-analysis/26044-trading-part-time-profession.html

Thanks and regards,
Rajendrani