Going with the Intraday Mini-Flow!!

[kapil123]

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

SMART TRADE,
pls take us thru the last 2 hr of trade with reasons...

1) 2 pm bar is a wrb or not??? i think it is. if it is a wrb , then u will find tht before the WRB u had a constant move down.saint had said that a wrb after a constant move down shud be reversed if the entire body of the wrb is negated.

2) hammer on the 60 min , 3 pm bar..once the high of the 3pm , 60 min bar is taken out , u find the PH on the 15 min is also taken out...so reversal above this high + filter shud be done or not????

although scenario -1 never happened & i tuk scenario - 2 into consideration,
it wud be worth knowing wht wud u have done if we had both the scenarios together playing out at the same time early in the market.
now only 1 scenario can be correct.

whenever u find time can u jot down the rules for finding the breakout or breakdown bar....its gone over my head.
thnks

2pm bar is certainly a WRB. And you are right that if the entire WRB is negated we take the reversal. Thats the reason we shift our SL above the high of bar + filter.

To the second query, as we are essentially trading a 30 min chart, we refer to other time frames only to confirm reversals which might not be very evident on 30 min. Now as we had a WRB on 30 min, then the next bar made a lower low. Nothing to be done, as we already have our stops at the high of the WRB. After such a down move, some kind of bounce back is always expected and if we start micromanaging our positions, we are sure to get whipsawed.

 

[myvineet]

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

Poating today's ( 6-1-2009) miniflow trades :

Today was a classic example of both breakout failures and when to seek help fron 15 min pivot for reversal.

No trade on moving filter today.

1)Trade 1 : Long triggered on PH 3136 + small f

2)Trade 2: Reverse to short below 3125 as the bar in which the PH was broken ,its low getting cracked,failure og upward breakout.

3)ADD to shorts below WRB low of 3087-f


4) Take some profit on 1/3 position in range 3075-80 when mkt showed first sign of reversal

5) Trade 3 :Now comes the use of 15 min pivot. We had a WRB and another strong negative bar and suddenly market started reversing. We have no PH nearby,even WRB high was pretty far. Now we see 15 min pivot High at 3096,here 30 min has already printed bullish piercing candle and it was in agreement for reversal to long. Reverse to long above 15 min PH 3096 +small f
6) Book profit in 3125-35 range

Markets were very fast and even if someone has cought one reversal out of 2,it was very sweet.

Best Wishes,

Smart_trade

This is trade on 6-1-09 posted by ST ..lok at WRB & after bar also cross low .& ST reverse at 15 min pivot here ..

now there must be something yest that ST didn't take 15 min pivot ..

ST plz share the reason with us so that we can learn the small tweaks of intraday trades

regards

vineet

 

[myvineet]

Re: Saint's Intraday Miniflow - live discussion

Good morning friends

high=2803.7

low=2788.75

 

[pleaseharsh]

Re: Saint's Intraday Miniflow - live discussion

good morning to all...
h=2804 l=2789

 

[Smart_trade]

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

Good questions, vvvv and vineet, will reply in details the moment I am little free as it requires a detailed reply, but good that you brought this point up. Appreciate your keen eye.

ST

 

[vvvv]

Re: Saint's Intraday Miniflow - live discussion

i think we short

 

[rajesh pawar]

Re: Saint's Intraday Miniflow - live discussion

short trade triggered... SAR first bar + rev filter

 

[mradul_er]

Re: Saint's Intraday Miniflow - live discussion

any body using sharekhan charts can pl sed me in PM

 

[mradul_er]

Re: Saint's Intraday Miniflow - live discussion

is any body using sharekhan graph for nifty pl send me in pm.

 

[mradul_er]

Re: Saint's Intraday Miniflow - live discussion

short trade triggered... SAR first bar + rev filter

rajesh can u send me graph u are refering in PM