Going with the Intraday Mini-Flow!!

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vvvv

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Re: Saint's Intraday Miniflow - live discussion

pleaseharsh said:
vikram....by the end of 10.30 ..we just got 2 bars...2nd bar had a move up...the current bar has to take low of day with filter to get into short position....it would be too early to get short at low of 10.30 bar ....should go with lod to confirm more of the short trade.....
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not written anywhere in the rules,,,i maybe wrong.but thts wht i read..after 1030 bar a move down is move no - 2

The Rs14 moving filter is to extract a "Either we are getting that big move, or we are not interested" out of that opening bar.Also, if you noticed that the short is at Rs7 ..........because it is Move no 2 of the day. We got out of trading Move no 1,from Move no 2 onwards, it is Reversals at Rs7 and adds at Rs5.Only that first move do we put in that Rs14 and move it bar by bar daring it to take that price out...........rest of the day, no moving around the values.
The room for NF is +/- 14 on the first move and its +/-7 from the second move onwards.Second move does not mean second trade, even if the first trade does not trigger, a change of direction makes it second move.For e.g. if we get higher high on second candle, but the difference is less than 14 we have our First Move UP but no trade.Now if we get a Lower low on any of 3 or 4, etc. we have a change in direction and it would be the second move and now we use -7 as room .
 
uthuman

uthuman

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#10,894
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Re: Saint's Intraday Miniflow - live discussion

vvvv said:
why so ???? why lod with the small filter
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Already on short now. SAR HOD+f

Vikram I remember saints thread..

2nd bar hh, hl...but no trade..move stoploss entry long to 2nd bar H+big f and short entry to 1st bar L - big filter

3rd bar LH, LL...now it is move 2. so short will be LOD-small f.
 
Flock

Flock

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#10,895
Re: Saint's Intraday Miniflow - live discussion

I am in agreement with vvvv.

Shorted at low of second 30 min bar - small filter as it is second move. Second bar put up a significant HH HL compared to first bar, hence second move.

You can refer post : 3114:

"MOVING FILTER:For the NF,put in a moving filter at Rs 14 on the 30min charts.......meaning that we want to trade the breakout on the 5 only if it shows strength enough for us to feel confident enough about that particular trade.Bar 1 high is 4312,Bar 2 high is 4320,Bar 3 high is 4330,Bar 4 high is 4337.........meaning we look on and not enter that trade.What we are looking for is a breakout bar,and not a sad excuse of a bar,with some tails.

Once that first bar is formed,we are basically looking to buy Rs14 over the high of that bar.and short Rs14 below the low of that bar.Once the entry is triggerred,presuming a long has been triggerred,stop loss is Rs 7 below the low of that bar.But only on trigger.

And another thing:We get a breakout,add the 14 to it.....and then trade breaks down,we are back to Rs7 for reversal entry,etc.This Rs14 is only for the trade that comes along with the first bar even if the first trade comes many bars later.Other than that trade,it's all Rs7 all the way."
 
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uthuman

uthuman

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Re: Saint's Intraday Miniflow - live discussion

sorry vikram...u r right...I copied saints words...

BAR 1--High of 4325,Low of 4275..........we want the next bar to break past 4325+14=4339.Or go down below 4275-14=4261

BAR 2---High of 4335,Low of 4295.........we are still not in.We want the next bar to break past 4335+14=4349.

BAR 3----High of 4346,Low of 4322....still not in.We want the next bar to break out of 4346+14=4360.Or the low of 4322-7=4315 to get taken out.

BAR 4----High of 4355,Low of 4312......we are now in short.

The Rs14 moving filter is to extract a "Either we are getting that big move,or we are not interested" out of that opening bar.

Also,if you noticed that the short is at Rs7 ..........because it is Move no 2 of the day.We got out of trading Move no 1,from Move no 2 onwards,it is Reversals at Rs7 and adds at Rs5.

Only that first move do we put in that Rs14 and move it bar by bar daring it to take that price out...........rest of the day,no moving around the values.

Saint
 
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vvvv

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#10,897
#10,897
Re: Saint's Intraday Miniflow - live discussion

pls go to the mother thread, take out a day & copy all the rules in a word doc with diagrams & read...
i think sum people missed a gud short trade...its only bcos all the rules are not consolidated in a seperate file...

i think sar now is at 11 am bar high + small f
 
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