Going with the Intraday Mini-Flow!!

[myvineet]

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

The first trade triggered above the 11 o'clock bar 2817 +small filter as this was the second move. The SAR being low of 11 am bar -small filter. After this adds get triggered at break of PH of 2831 + add Filter, and after that at break of pivot at 2836 + add filter. After the 2nd add the SAR is low of 2 pm bar 2824 - small filter.
Booked profit at the end of day as per personal plan.

Kapil, i have just a query about entry in trade ..

how can we enter long at 11.30 high when 10.30 bar crosses 5 min bar high? that is second move of the nifty after going down first..if it doesn't crosses high of first 5 min bar then we are correct in entering long at 11.30 bar high ..

we enter short acc to this rule on 16/12..then no bar crosses low of previous bar so when this happen first time we enter short at that bar ..below is chart of that day which is self explanatory...

this is my understanding of method ..plz guide me if there is anything wrong with this..

thanx & regards

vineet

 

[myvineet]

Re: Saint's Intraday Miniflow - live discussion

I am not a full-fledged trader of this system, and I know very little of 60min flow.
But since I have been following this method, I have never seen discussion about pivot & potential pivot. (i m referring to the charts discussion)

This was observed by me sometime back in 60min flow - which is supposed to be a RUNNING CONCEPT. There's no initial filter/moving filter - there's only one main filter, and that's for reversing. (adds filter r anywayz there & subjective to money mngt)
So, in 60min flow, there used to be this big discussion about aggressive pivots, potential pivots, pure pivots, etc. These discussions were necessary to choose the actual reversal pivot bar, and simply apply the reversal filter to it.

In 30min flow, it's not a RUNNING concept ie we end the trade at or near day's end. We begin the new day with the first bar (which happens to be of 5min duration), and simply go with the FIRST MOVE OF THE DAY TO APPLY 14, and 7 for second move or reversal move.

I kept this till end, coz LVGandhi was not here today - his idea of a sideways movement is generally right.
Observing 30min chart, right till the completion of 13:30bar, there was NO CLEAR DIRECTIONAL BIAS.
SO IT WAS CLEAR THAT BIG FILTER (14) WAS TO APPLIED TO HOD & LOD AS AT THAT TIME....This scenario I have seen before too.

The discussion about "POTENTIAL PIVOT" was something new to me, in 30min flow's perspective - I assumed that since u guys also trade 60min, it's better for me to stay out, and ask Vineet / LVGandhi at EOD.

A middle bar having higher high than the left & right bars was enough for me to get excited & take note of such high level. (Similiarly, with lower low).

The question of it being potential/incomplete was NEVER raised even in the mother thread (closed now).

If I am wrong in saying that "potential pivot" concept (as shown in attached charts by rajendra) does not exist in 30min, then please correct me.

yes sunil bhai you are absolutely right in above lines...

 

[pakatil]

Re: Saint's Intraday Miniflow - live discussion

Well, I am not that good in theories. Still can't resist temptation of putting my 2cents.

For me middle bar jutting out from left & right bars, is good enough to be a Pivot.

Need for Moving Filter ceases the moment PH & PL is formed. Today we had PH
at 2831 (10.30 Bar) & PL at 2803 (11 Bar ). From then on it would be PH / PL, +/- small filter. 12 Bar couldn't pierce PH....(Filter blocked the long). Then 12 Bar became new PH. I entered at PH + f after 2 PM. Squared around 3.20 with little loss.

This my simplistic understanding of the Method.

May be my perception is incorrect.

Cheers

 

[vvvv]

Re: Saint's Intraday Miniflow - live discussion

Well, I am not that good in theories. Still can't resist temptation of putting my 2cents.

For me middle bar jutting out from left & right bars, is good enough to be a Pivot.

Need for Moving Filter ceases the moment PH & PL is formed. Today we had PH
at 2831 (10.30 Bar) & PL at 2803 (11 Bar ). From then on it would be PH / PL, +/- small filter. 12 Bar couldn't pierce PH....(Filter blocked the long). Then 12 Bar became new PH. I entered at PH + f after 2 PM. Squared around 3.20 with little loss.

This my simplistic understanding of the Method.

May be my perception is incorrect.

Cheers

thts why saint said no trades in his earlier post 2dy.thts wht i infer.

 

[vvvv]

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

The first trade triggered above the 11 o'clock bar 2817 +small filter as this was the second move. The SAR being low of 11 am bar -small filter. After this adds get triggered at break of PH of 2831 + add Filter, and after that at break of pivot at 2836 + add filter. After the 2nd add the SAR is low of 2 pm bar 2824 - small filter.
Booked profit at the end of day as per personal plan.

i think u r wrong..saint said 2dy in the live discussion thread tht no trades have been triggered till 1 pm.sum1 said just now in the live thread that u have to go long above the pivot high of the 1030 am bar + 7.
pls check the live thread too....now only 1 method has to be correct or else profit will turn to losses.

 

[beethoven]

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

Rakesh

Kindly put some explanatory notes as you seem to have endorsed Kapil's trades of today by "thanking" him.

Lots of confusion. Suggest please also check Saint's comments on the live thread.

Thanks

Bee

 

[niftychance]

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

Rakesh

Kindly put some explanatory notes as you seem to have endorsed Kapil's trades of today by "thanking" him.

Lots of confusion. Suggest please also check Saint's comments on the live thread.

Thanks

Bee

Hello Bee

There is no confusion here, Sir has considered it as sideways action so contnued to use big filter.

Vineet has made the job easier by posting one of my old charts, In that trade we have used small filter for the short trade, but for long we continued to use big filters.

I am reposting the chart with some annotations ....

Thanks

 

[niftychance]

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

Hello SAINT Sir

It was nice to see your post after a while...

Hope to see more on them ...

We all miss the sight of ...

"You cannot change the direction of the wind,but you CAN adjust your sail..."


Thanks

 

[Saint]

Re: Saint's Intraday Miniflow - live discussion

Welcome to this thread bearing your name, Saint.

Thank you,my friend.

Saint

 

[Saint]

Re: Saint's Intraday Miniflow - live discussion

Great going to all the active members of this thread........continuing the education intraday without converting it into a tips thread.

Great going!

Saint