Going with the Intraday Mini-Flow!!

[niftychance]

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

hI Dhakkan/NF,
How is your short trade come?Please explain.Is you used 15 trf chart to short?

Regards
VJAY

Hello Vijay

Are you asking about todays intraday trades using mini flow method?

If yes then nothing surprising about the short, as always it was based on the High/Low of first 5 Minutes Candle/Bar.

Don't need 15 Mins timeframe for that, short below first 5 Min low - filter

Thanks

 

[Smart_trade]

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

hI Dhakkan/NF,
How is your short trade come?Please explain.Is you used 15 trf chart to short?

Regards
VJAY

Short trade is on 1st bar's low - large moving filter ,vjay. Not on 15 min chart.

Smart_trade

 

[MINITRADER99]

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

Hello

My charts for the day, not good enf but getting there ...

Thanks

Thanks for the beautiful presentation.

 

[vvvv]

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

vvvv and vineet,

I will try to reply your questions and try to put my thoughts as below in this common post.

Lets see what we have on 6-1-09. We were in a good uptrend for 2-3 days and the market had triggered a buy in the morning and then a sudden deep correction and at the low of correction we had a 15 min PH supported by higher TF so we reversed. A perfect action in that environment.We expected a strong reversal and we got the same that day.

In contrast what do we have yesterday( on 4-2-09) ? We are in a down or sideways swing,then yesterday we had a limping upmove,not strong enough to trigger our buy in the morning,not able to take out our PH with any conviction and then we had a PL break followed by a large negative candle ( I am hesitant to give this candle a WRB treatment .I would like to see full weakness at the close of the bar and would like to see the bar close at near the low of the range preferably in less than10 % of the range and not the way that candle closed),then low of the large bar broken and now we have a PH on 15 min which was no doubt supported by higher TF converging.

Now see that in both the above identical situations our response to 15 min PH will be different. On 6-1-09 I reversed , but on 4-2-09 I would not reverse on 15 min PH .Why so ?? Reasons mentioned in para 2 above. We need some more evidence in the form of 30 min PH taken out or the high of that large negative bar taken out . Now here we were short.... Do we leave our shorts open ? No way,we must book the profits . Why ?? Can the market take 25-30 points reversal ? Yes it certainly can,and our profits will vanish in thin air. Can the market take a strong upmove which will generate profits for us after considering both sides filters ? hmmmm..... not sure yet need some more and stronger evidence. Hence we booked profits in our short positions but not reversed to long on 15 min PH.

hope I am able to convey clearly. Appreciate keen eye of you both vvvv and vineet, I enjoyed giving the reply to the best of my ability.

Best Wishes, You both already trade well , so trade better.

Smart_trade

yah ST ur right...theres no reversal back to longs on 4th feb 2009.
my views - hammer on 60 min,previous pivot high on 15 min taken out but no higher pivot low to confirm uptrend in the 15 min..we had a higher PH on the 15 min at 3:15 pm.
had the market continued further long & we wud have a higher PL on 15 min then we wud have reversed to long above the 15 min PH of the 3:15 pm bar.

1 more doubt - LH , LL on 30 min,hammer on 60 min after a red candle,previous PH on 15 min taken out...does this qualify for a reversal.

pls give rules for breakout/breakdown bar

 

[Flock]

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

Sorry arm,I have not understood your question correctly. Which day are you referring to ? 6-1-09 or 4-2-09 ? Could you please ellaborate a little ?

If you are referring to 4-2-09, sure 2nd bar ( 10:30 bar ) was a PL but we got a short entry at higher level at low of 12 :00 bar -f and we took that trade. It is shown slightly at lower levels in the chart because of filter or space we allow .

Smart_trade

Yes ST, I am referring to 4/2/09 (yesterday) only. Once we get that pivot low made by the second bar on the 30 then I thought that we should go short only at that low - f. No more moving entry point for the short unless of course another higher pivot low was formed on the 30.

Maybe I am missing something here. Pls explain.

Thanks.

 

[VJAY]

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

Thanks ST /NC,
My Big F is 18 so my trade not triggered.

Regards
VJAY

 

[Smart_trade]

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

Yes ST, I am referring to 4/2/09 (yesterday) only. Once we get that pivot low made by the second bar on the 30 then I thought that we should go short only at that low - f. No more moving entry point for the short unless of course another higher pivot low was formed on the 30.

Maybe I am missing something here. Pls explain.

Thanks.

10:30 bar PL was confirmed after 11:00 bar was complete. After this to trigger a short entry,market should have come down and cracked PL - small filter. It went up so we followed it up with moving filter. Then we got another PL at higher level and market cracked this new PL -small filter and our short trade was triggered.

We need break of PL -filter to trigger a short trade. Just formation of PL is not a trigger for short trade.

Hope it is clear,if not understood anything,please ask.

Best wishes,

Smart_trade

 

[Flock]

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

10:30 bar PL was confirmed after 11:00 bar was complete. After this to trigger a short entry,market should have come down and cracked PL - small filter. It went up so we followed it up with moving filter. Then we got another PL at higher level and market cracked this new PL -small filter and our short trade was triggered.

We need break of PL -filter to trigger a short trade. Just formation of PL is not a trigger for short trade.

Hope it is clear,if not understood anything,please ask.

Best wishes,

Smart_trade

Yes I understand that the Pivot low -f needs to crack to enter short trade. But no higher pivot low was made on the thirty before the break down. Are you refering to the higher pivot low made on the 15?

Thanks.

 

[prasadam]

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

Yes I understand that the Pivot low -f needs to crack to enter short trade. But no higher pivot low was made on the thirty before the break down. Are you refering to the higher pivot low made on the 15?

Thanks.

see the chart posted by Smart trade. The 12.00 noon bar is a pivot.

Further to chart posted by NC above, posting 4-2-09 NF miniflow chart to show the profit booking levels.

.................

Best Wishes,

Smart_trade

 

[myvineet]

Re: Saint's Intraday Miniflow - live discussion

Good morning friends

high=2803.9

low=2795