Going with the Intraday Mini-Flow!!

[beethoven]

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

Rakesh,

Very nicely put.

Every situation calls for a diff approach and also every individual will view it differently - that is why cards are more popular then chess.

Dec 5 - 10:30 am bar was a big bar (not WRB though) of 36 points (diff between Ho and Lo) and the next hammer was also around 20 points and there your approach was a calculated speculation of a breakdown. But here (Jan 19)10:30 am bar and next two bars are pathetic 20, 10 and 13 points wide. Very dicey to act on --- to my mind.

Thanks for replying - gives me something to mull over as, if a person of your calibre takes such trades then there must be something to it.

Bee

 

[orderflow13]

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

ohh i totally missed saint sir's post at 19 dec. where as he mentioned about new additions on failed breakdown/up moves after sideway moves and what to do, good to see saint sir is around, requesting hari to add this new rule in library so late starters like me wont miss something important in their absence.

 

[myvineet]

Re: Saint's Intraday Miniflow - live discussion

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.

Hope I am correct. Comments are welcome

Bee

Bee,

the point raised by you is very right.we can't just enter at any bar saying that this is second move ..i will just try to explain my understanding of this method..

1. first 5 min bar made. we use big filter on both side..

2. second 30 min bar made.this bar gives us real que about direction
a) if this bar is outside bar or inside bar thats means we get no directional moves so we will keep big filter on both sides..(HOD & LOD)
b)if this bar makes HH-HL or LL\LH then we get directional move but still i keep big filter on both hod & lod

3)third 30 min bar made ..now if this too made move towards second bar's direction then i am sure about that direction & will apply small filter in reverse direction of first move

there may be more things to watch like distanse between two highs or lows..distance of second & third bar from body of first bar or the lenth of bars..as every day throws new set of challenges we should be ready to tackle those

there can't be a clear cut formula for this ..if we can argue that whether we have a pivot or not then this is too big a point to argue...as saint said this is a art it can never be science...

this is clearly my point of view & it may be wrong but i trade it with discipline & trade it everytime so that if i get losses sometime i get my share of profit too..

regards & thanx

vineet

 

[bijovyppil]

Re: Saint's Intraday Miniflow - live discussion

good morning friends

happy to see saint sir back.. even his presence could boost the
confidence,am sure

have a nice trading day

bijo

 

[rakeshluthra430]

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

Rakesh,

Very nicely put.

Every situation calls for a diff approach and also every individual will view it differently - that is why cards are more popular then chess.

Dec 5 - 10:30 am bar was a big bar (not WRB though) of 36 points (diff between Ho and Lo) and the next hammer was also around 20 points and there your approach was a calculated speculation of a breakdown. But here (Jan 19)10:30 am bar and next two bars are pathetic 20, 10 and 13 points wide. Very dicey to act on --- to my mind

Thanks for replying - gives me something to mull over as, if a person of your calibre takes such trades then there must be something to it.

Bee

Bee,
..I have never bothered to go so deeply into the patterns, makes things too complicated for my understanding. If I go by what you just said, I will be never be able to trade 3-4 scrips in the miniflow......I easily get intimidated.

And dont hold me in high esteem.....I have done much*2 mistakes than you would have imagined.

Rakesh

 

[myvineet]

Re: Saint's Intraday Miniflow - live discussion

Good morning friends

high =2741.5
low =2727

levels are of big nifty..

 

[Sunil]

Re: Saint's Intraday Miniflow - live discussion

LVG,
religare working???

earlier no ticks
no charts loading now

 

[lvgandhi]

Re: Saint's Intraday Miniflow - live discussion

LVG,
religare working???

earlier no ticks
no charts loading now

I am not trading today as I have to go out. For me at 10:19 religare is working.

 

[Sunil]

Re: Saint's Intraday Miniflow - live discussion

LVG,
religare working???

earlier no ticks
no charts loading now

probs solved
it was from my side

 

[vvvv]

Re: Saint's Intraday Miniflow - live discussion

LONG triggered few mins back