Going with the Intraday Mini-Flow!!

[vvvv]

Re: Saint's Intraday Miniflow - live discussion

thank you saint sir for reply, i was about to ask qs. about 12 pm bar, as it made new low &close above, should have go long above bo of that bar but higher time frame didnt allow & it wasnt a sideway pattern but what should we do in btwn first hr when we looking at 15 mn tf and we get such failed bo bar after bit sideway movement in 15 min tf ? is it appropriate to reverse position?

alex,
the 15 min was resuming its uptrend at tht moment...also at the same time the 60 min bar previous high was taken out....a more safe entry wud be going long above prev. 60 min bar high...thts wht i feel

Reversal Indication:
When the 30min charts put up Lower Highs, Lower Lows, ..... simultaneously, the 15min chart is either putting up a Lower High, Lower Low vertical move without pivots.......or a Lower Pivot High and Lower Pivot low.
It shows as one or 2 bearish candles on the 60........ if the 60 puts up a bearish candle, followed by a bullish candle that takes out the high of the bearish candle, that is an indication to get long.......Coupled with that, a higher pivot low on the 15 or 30 will give us an indication that a reversal day is upon us.

 

[orderflow13]

Re: Saint's Intraday Miniflow - live discussion

alex,
the 15 min was resuming its uptrend at tht moment...also at the same time the 60 min bar previous high was taken out....a more safe entry wud be going long above prev. 60 min bar high...thts wht i feel

Reversal Indication:
When the 30min charts put up Lower Highs, Lower Lows, ..... simultaneously, the 15min chart is either putting up a Lower High, Lower Low vertical move without pivots.......or a Lower Pivot High and Lower Pivot low.
It shows as one or 2 bearish candles on the 60........ if the 60 puts up a bearish candle, followed by a bullish candle that takes out the high of the bearish candle, that is an indication to get long.......Coupled with that, a higher pivot low on the 15 or 30 will give us an indication that a reversal day is upon us.

yes vikram, 60 min wd be safe reversal, saint sir also said that wasnt clear cut failed bo candle, but its interesting to see such failed bo conditions arises in first one hour of trade when we consider 15 min tf
hope evry one reverse to short at 2692- short filter, as saint sir suggested

 

[niftychance]

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

Hello

Thanks ST and Kapil for the feed back.

Today was day of reversals, something of a slip between cup n lips.

The first short trade went about 20 points in favor before reversing

Where as the Long after it was in favor for about 40 points and with an add on, also reversed very swiftly, those who could book profits even partial well done.

Bar 01: 9:55 to 10:00 AM:
Opening Bar

Bar 02: 10:00 to 10:30 AM:
This bar printed Higher High - Higher Low, but was a dark candle, No trade triggered

Bar 03: 10:30 to 11:00 AM:
Both the break points shifts higher because of Moving filters
This bar printed Lower High - Lower Low, No trade triggered

Bar 04: 10:00 to 11:30 AM
Both the break points shifts lower because of Moving filters
This bar printed Lower High - Lower Low, also we got new lows
A SHORT trade triggered, the SAR was Pivot High made on Bar 02

Bar 05: 11:30 to 12:00 Noon
This Bar printed new Low, now we have SAR shifting to High of Bar 03, using 2-Bar Rule
This bar printed a Lower High-Lower Low, But a Green Candle (Some would take this as breakout failure, and reverse above high of this bar)

Bar 06: 12:00 to 12:30 PM
Higher High, gave signs of being in bad trade (Those treating the previous green candle as breakout failure would reverse above high of bar 05)

Bar 07: 12:30 to 01:00 PM
Breakout to Long with Pivot Low on Bar 05 as SAR

Bar 08: 01:00 to 01:30 PM &
printed a pivot high

Bar 09: 01:30 to 02:00 PM
printed a pivot low

Bar 10: 02:00 to 02:30 PM
Add triggered

Bar 11: 02:30 to 03:00 PM
We saw a v fast reversal on this bar, for luck few part booking was done here
(This also was a candidate for BO failure, Short below the low of this candle)

Bar 12: 03:00 to 03:30 PM
Kept going down ..... for those taking a short on this one, real fast profit booking was required ...

I did not take this short. Just could close the Long at scratch ...

Made a few execution errors (that did not cost me any points) but lessons to learn ...

When we do not get a pivot on 30 we use the 2-bar rule also have a look at lower time frame, most of us here look at 15 minutes but I always refer to 20 minutes.

Today for the first Short tarde we used 2 bar rule, notice that there was no pivot on 20 minutes candles but there was a clear one on 15 mins ...

Did any one use this to reverse to long?

Thanks

 

[vvvv]

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

nifty,
wasnt the short trade triggered at the 3rd bar bcos it was move no2 of the day which was down???
hence entry was low of bar 2 - short filter

 

[niftychance]

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

nifty,
wasnt the short trade triggered at the 3rd bar bcos it was move no2 of the day which was down???
hence entry was low of bar 2 - short filter

Hello V

I did not consider that as move 2 so kept the normal filter, which did not trigger on bar 02.

With the gap up and first bar being green, the decline can be considered as second move, but in that case on Bar 03 an Add to the shorts would have been triggered.

Thanks

 

[myvineet]

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

ST,

just required your guidence on toaday's trade...

1) can we take short trade below 10.30 bar low as second move of the day specially when second bar made HH\HL ?

2) can we reverse to short at low of 2.30 bar as it was resting bar after brakeout bar ?

regards

vineet

 

[Smart_trade]

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

ST,

just required your guidence on toaday's trade...

1) can we take short trade below 10.30 bar low as second move of the day specially when second bar made HH\HL ?

2) can we reverse to short at low of 2.30 bar as it was resting bar after brakeout bar ?

regards

vineet

Vineet,

I am not competent to give guidence but would certainly share my thought process if that is going to help you.

I dont strictly go by the letter of the rule but try to understand and trade the thought behind the rule. So after gap opening and a strong white candle of 10 :00 ,I am watching whether this is really an upmove or a trap in the guise of the upmove.

Now next bar ( 10:30) makes a HH ,HL but the mkt traded for the entire 30 min and made a HH by only 6 points. Something is missing.... I am not too convinced whether the first move is an upmove. I want market to give me some more and stronger evidence that first move was upmove and the down move in the next bar qualifies for a 2nd move title and entry with smaller moving filter. I would trade this downmove with larger moving filter.In my view market attempted a feeble upmove,failed and started downmove as the real " First" move. This is how I look at it.

But if someone based on HH/HL considers upmove as first move and downmove as second move and takes a short entry with smaller moving filter,he is not wrong as per the "rule".

Short trade taken in the downmove,I would reverse at 2762+f on 15 min PH break as 30 min was in agreement with a bullish candle preceeding the 15 min PH breakout.

On second point ,answer is yes,the breakout bar was a WRB (2:30 white candle), the next bar(3:00 bar) was a resting bar which closed at 50 % of this WRB and a black candle which keeps us on alert.Its low 2793 cracked and we reverse to short at 2793-f and remain short till the end.

Hope the above makes sense.

Best Wishes,

Smart_trade

 

[vvvv]

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

smart trade,

1)after short in the 1st trade...when did u again reverse to long in the 2 nd trade & why???
i was out of trade at tht time but for study purposes i feel it is the high of the 12:30 pm bar on the 15min.
its bcos the 15 min uptrend is confiirmed along with the 60 min candle taking out the previous 60 min candle high.

2)why is the 2:30 pm bar a wrb???? wht are the conditions to b satisfied??

 

[myvineet]

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

thanx a lot ST ,

your thought process is absolutely clear thats why your trades are always SMART...

regards

vineet

 

[TFL]

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

Vineet,

I am not competent to give guidence but would certainly share my thought process if that is going to help you.

I dont strictly go by the letter of the rule but try to understand and trade the thought behind the rule. So after gap opening and a strong white candle of 10 :00 ,I am watching whether this is really an upmove or a trap in the guise of the upmove.

Now next bar ( 10:30) makes a HH ,HL but the mkt traded for the entire 30 min and made a HH by only 6 points. Something is missing.... I am not too convinced whether the first move is an upmove. I want market to give me some more and stronger evidence that first move was upmove and the down move in the next bar qualifies for a 2nd move title and entry with smaller moving filter. I would trade this downmove with larger moving filter.In my view market attempted a feeble upmove,failed and started downmove as the real " First" move. This is how I look at it.

But if someone based on HH/HL considers upmove as first move and downmove as second move and takes a short entry with smaller moving filter,he is not wrong as per the "rule".

Short trade taken in the downmove,I would reverse at 2762+f on 15 min PH break as 30 min was in agreement with a bullish candle preceeding the 15 min PH breakout.

On second point ,answer is yes,the breakout bar was a WRB (2:30 white candle), the next bar(3:00 bar) was a resting bar which closed at 50 % of this WRB and a black candle which keeps us on alert.Its low 2793 cracked and we reverse to short at 2793-f and remain short till the end.

Hope the above makes sense.

Best Wishes,

Smart_trade

Smart_trade,

100% agreeing with you. I have the same view.

Hari.