Going with the Intraday Mini-Flow!!

[pleaseharsh]

Re: Saint's Intraday Miniflow - live discussion

absolutely agree with vineet...we have been doing this b4...bar by bar mf & then look out for pivot on appropriate tf as per rules....

 

[vvvv]

Re: Saint's Intraday Miniflow - live discussion

scenario right now is long above previous bar high + SF
earlier scenario is negated

 

[pleaseharsh]

Re: Saint's Intraday Miniflow - live discussion

vvvv...but as i recall ..dont u think the hh,hl or lh,ll creteria on 30 tf is just valid upto 11.30..then and then only we look out for pivots on 15 tf (upto 11.30) ......yeaht true we got lh,ll on hrly but still its very difficult for me to take 11.00 bar as wrb...cuz it even negated....again my views friend.....

 

[beethoven]

Re: Saint's Intraday Miniflow - live discussion

there is no confusion bee..

bar by bar untill we doesn't get pivot high or pivot low...when we get our pivot go by pivots using small fil ...

Vineet,

You are right about PH and PL but initially suppose you have 2 bars -10am and 10.30am - making HH and HL but not taking out the moving filter. When we shift at 10:31am, the long stop order (with large filter) from 10am bar hi to 10.30am bar hi, do you keep the short stop order at 10am bar low less small filter or that also you shift to 10.30am bar low? Your step chart indicates that you move both the stops bar by bar – I have different view here.

This shifting of the short stop order is very tricky – and will depend on the difference between the two lows of the two bars. The first bar low will be preferred in most of the cases as it is the pivot low (at that moment) and going short below that is a high probable trade.

Now again if 11 am bar makes HH and HL the long stop order shifts to 11am bar hi but short remains at 10am bar low till a new PL is made which in 30 min time scenario is a rare thing but it happens.

So bar by bar shifting of stop orders is only in one direction, the other stop order remains at a pivot (and does not move bar by bar). This shifting can happen only when a new pivot is made.

The above does not of course take into consideration myriads of other real life situations, which may require some slight different handling but the basic idea remains as above.

Hope I am correct. Comments are welcome

Bee

 

[myvineet]

Re: Saint's Intraday Miniflow - live discussion

bee, i will come back to you EOD

 

[pleaseharsh]

Re: Saint's Intraday Miniflow - live discussion

long as triggered for me ...anyone else long....

 

[vvvv]

Re: Saint's Intraday Miniflow - live discussion

long.........
SL = 2 pm bar low - F

 

[pleaseharsh]

Re: Saint's Intraday Miniflow - live discussion

vvvv....would add come at hod + f or u think its not feasible to add now cuz of closing time...??

 

[pleaseharsh]

Re: Saint's Intraday Miniflow - live discussion

vvvv..just realised i shouldnt have asked u the above question cuz i am using minifty level....and dont know abt yrs...
newys just waiting to get out of the trade.....

 

[rakeshluthra430]

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

Bee,

Yes you are right with the levels. The trade triggered above the 11.30 bar and not above 11 o'clock bar. Sorry for the goof up.

Coming to whether once PH and PL are formed, whether we should go long or short as per the bar high or low, I have already posted my views in my previous post.

I agree that I made the wrong trade and that I have mentioned in my post, but that was the way I traded today. I do have a habit of making mistakes and learning from markets. I did not apply any tweak from my side, its just that maybe I made a wrong trade. I knew that I had made a wrong trade when I saw Saint's post in Live thread, but then it was necessary to post this as many had made similar mistake and a word from Saint and others would make things crystal clear.

Bee,
Apologies for getting in late here....as usual. Before anything else, I would like to tell you that I also took the trade as is shown by Kapil in his chart.

Apart from what Kapil and ST said on the sub, I had in my mind the trade that we took on the 5th Dec...look at its miniflow chart. The first short there was on a somewhat similar pattern....this was what I had in my mind when the charts were unfolding.

Also...I have a different approach to being right and wrong. I keep living in my fools paradise till I understand things from a different point of view. Being confident in whatever little I understand looks better to me than being in 2 minds in a dicey situation.Trading is a different game, as you know.

Rakesh