Re: Saint's Intraday Miniflow - live discussion
good morning friends
i just got a small note from saint's post during my weekend study ...may be it is useful for all so posting it here again..
quote : "We are in essence trading the 5min bar at 10am,and then trading the 15min charts till 11 am,trading the 30min charts with help from the 60 and 15 till 3 pm,and then trading the 15min charts till 3:30pm.
So,till 11 am,if we get a pivot on the 15min charts,raise stops to that pivot.If there is no pivots on the 15min charts,wait for 30min charts to complete 4 bars at 11:30am.......The 2 bar method kicks in.After the 4th completed bar,every new bar high is enough to raise stops to 2 bars back.
If we get a situation where we get 5 multiple bars up to 11 am on the 15min charts,.......big monster move up,WRB et al,then and then only do we kick the 2 bar method into the 15min charts..........Again,because we have a huge bar on the 60 and 2 big bars on the 30 and SARs still miles back with no help from the higher TFs.Other than this obviously bullish or an obviously bearish scenario,with multiple WRBs........no bringing the 2 bar method into the 15min charts.
11am-3pm:If a move without pivots happen,then 2 bar method on 30min charts from 11:30am onwards.Pivots on 30 are what we are looking for and salivating over......A break above 30min Pivots is a no-brainer.Reverse it there and then.A break above pivots on the 15min charts need confirmation from the 60min or 30min charts.HH-HL is what we see on the 60min charts in an uptrend,simply a break below a previous low is not enough to go short......it needs confirmation from the 30 or 15." unquote
thanx
good morning friends
i just got a small note from saint's post during my weekend study ...may be it is useful for all so posting it here again..
quote : "We are in essence trading the 5min bar at 10am,and then trading the 15min charts till 11 am,trading the 30min charts with help from the 60 and 15 till 3 pm,and then trading the 15min charts till 3:30pm.
So,till 11 am,if we get a pivot on the 15min charts,raise stops to that pivot.If there is no pivots on the 15min charts,wait for 30min charts to complete 4 bars at 11:30am.......The 2 bar method kicks in.After the 4th completed bar,every new bar high is enough to raise stops to 2 bars back.
If we get a situation where we get 5 multiple bars up to 11 am on the 15min charts,.......big monster move up,WRB et al,then and then only do we kick the 2 bar method into the 15min charts..........Again,because we have a huge bar on the 60 and 2 big bars on the 30 and SARs still miles back with no help from the higher TFs.Other than this obviously bullish or an obviously bearish scenario,with multiple WRBs........no bringing the 2 bar method into the 15min charts.
11am-3pm:If a move without pivots happen,then 2 bar method on 30min charts from 11:30am onwards.Pivots on 30 are what we are looking for and salivating over......A break above 30min Pivots is a no-brainer.Reverse it there and then.A break above pivots on the 15min charts need confirmation from the 60min or 30min charts.HH-HL is what we see on the 60min charts in an uptrend,simply a break below a previous low is not enough to go short......it needs confirmation from the 30 or 15." unquote
thanx
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