Going with the Intraday Mini-Flow!!

[orderflow13]

Bomb blast in Mehrauli...

uff!!! Ye Dehshatt ka mahaul... yahaan kabhi wahaan...
aaj khud mere ghar se bhi... uttha hai wo kaala dhuaan.

rkpahwa
from Mehrauli

hope every thing is fine on ur end ..and all TRADERJI members out there from Mehrauli, i wish all are sound and safe

 

[Prabhjeet]

What can I say Saint, looks like a very simple yet very effective system. Frankly speaking I was a bit sceptical about the original system where only 1 bar back was used for exit with 60 min. but now looks ok when we are using pivots, thats where our strength lies.

BTW, Saint in an earlier post when you had not laid the rules you told that we have to skip some days like after a big gap day the next day as you told is a sideways move.

Also can we employ any better technique for Adds.

 

[Saint]

RP,

Take care,my friend......

Saint

 

[Saint]

Saint all I can say is
Thanks for yet another system.......
And the pains of posting those 2 month charts duly labeled as you always do

Just one question, humbly asking, How long has it been since you have been trading this system?

MJ-

The 30 and the 15 with pivots,a very long time.......a breakout/breakdown on the 5, a very long time.The filter,profits,posn sizing.....a very long time.

What is very very recent is that Rs14 moving filter keeping us out of a few unnecessary trades.......also,once the first Move is over,to revert back to 7/5.........so far so good.

Have been away from the 5/30 and 5/60 perspective trading for some time,and trying to perfect this........was basically on the lookout for thinking less and making more,trading the larger time frames as compared to the smaller ones,.......lesser trades and bigger wins.

Let's see how this goes.....


Saint

 

[musicjunkie]

The 30 and the 15 with pivots,a very long time.......a breakout/breakdown on the 5, a very long time.The filter,profits,posn sizing.....a very long time.

What is very very recent is that Rs14 moving filter keeping us out of a few unnecessary trades.......also,once the first Move is over,to revert back to 7/5.........so far so good.

Have been away from the 5/30 and 5/60 perspective trading for some time,and trying to perfect this........was basically on the lookout for thinking less and making more,trading the larger time frames as compared to the smaller ones,.......lesser trades and bigger wins.

Let's see how this goes.....


Saint

I understand what You Say Saint. Burnt my eyes backtesting yesterday and I am very pleased with the results.
Intraday in some months comes very near or even performs better than 60min flow. Of course not comparing methods here,but honestly, I am very surprised.
Now looking at HDIL and RECAP to try to find if we can do the miniflow there.

Cheers!
MJ-

 

[pakatil]

Dear Saint,

Can we consider this scenario.

Normally Open Positions are closed at the end of the Day. If only the Trade is running in Profits ( Say 100+ points like yesterday ), carry it to next day. If there is a Gap Up/Down in Trade's favor, it would be a bonanza.

Just loud thinking. Not any kind of suggestion.

Cheers

 

[Smart_trade]

I understand what You Say Saint. Burnt my eyes backtesting yesterday and I am very pleased with the results.
Intraday in some months comes very near or even performs better than 60min flow. Of course not comparing methods here,but honestly, I am very surprised.
Now looking at HDIL and RECAP to try to find if we can do the miniflow there.

Cheers!
MJ-

Thanks MJ for doing backtesting of both systems.It requires patience and hard work.

Can you share the results for a few months ? It will be a big help to all of us learning both the systems to trade confidently. We are interested in broad figures and not why this trade and why not this trade etc so even the points gained on both side by side will help.

Trading both simultaneously will be very advantageous as atleast one will make money in every month,most of the times both will make money so still better. Very rare chance that both will loose in a particular month.

Best Wishes,

Smart_trade

 

[milkyblack]

Bomb blast in Mehrauli...

uff!!! Ye Dehshatt ka mahaul... yahaan kabhi wahaan...
aaj khud mere ghar se bhi... uttha hai wo kaala dhuaan.

rkpahwa
from Mehrauli

Take care friend! Good to know you and your family are safe!
Really this terror is too much nowdays!

Regards

 

[Saint]

What can I say Saint, looks like a very simple yet very effective system. Frankly speaking I was a bit sceptical about the original system where only 1 bar back was used for exit with 60 min. but now looks ok when we are using pivots, thats where our strength lies.

BTW, Saint in an earlier post when you had not laid the rules you told that we have to skip some days like after a big gap day the next day as you told is a sideways move.

Also can we employ any better technique for Adds.

Guilty of attempting to oversimplify......and yep,always best to play to strength.

With this method,would be trading every day,......there are big gap ups and vertical moves,followed by tepid sideways action for days......and then again there are big gap ups and vertical moves,followed by a big move in either direction.So,not trading those days can be a problem with this method......the 5/60 was designed to keep us out of many unnecessary trades,so that one is always with the larger Flow of things.It kept us also out of some big moves.

Unlike the larger time frames,have noticed that in intraday trading,it is important to capture those big moves..... to capitalise and ride the trend......not just ride it,but add in it,and ride the whole lot......and find ways to let the losses be as small as possible.

So,is there a repetitive pattern to things in the charts that tell us to stay out of trades on certain days and not on other days,such that we don't miss out on the great moves,and we miss out on the sideways days.........I have seen one,and am still in the process of checking out the last 2 years of charts,but again,nothing would be perfect,although perfection is the Goal.........would love to hear about ideas though.Feel free to contact via PM if not happy in discussing here.

Adds:Initial Positions are on the breakdown of the first bar(talking shorts),the Add is at the breakdown of the next 30min bar(Why 30,more reliable than the lower time frames),and then hold off if you get a pivot and sideways moves,and all that....and then a further collapse and you then put in your next ADD.....Quite happy with the present setup,so a change not required thus far.

And one more thing Prabhjeet.......the 5min bar breakout/dn bar tells us roughly where we are headed most of the time,entry is based on that.The 14 moving filter helps us to not be unduly gungho in every trade.......the trade is off the 30min chart so that the 60 and the 15 are all traded in one go.

Our trades ,although from the 30,you will find that all time frames match,concur,agree before the move is made.......therefore stay clear of the 5min charts.Therefore stay clear of trading the 15min charts by itself....The larger the time frame,and then to microscopically look at the 15 saves you from an unnecessary number of false breakouts and fakeouts.Else the moves by the 60 will take out your stops that you place on the 15..

We have this general belief that the 5 moves and that move is reflected on the 60.......Wrong.The 60 moves and that is reflected on the 5...So trade the 5/60,that is great.But trade the 5 alone with pivots and there will be great pain.The 15 is better,but keep an eye on the 60 still........

Whoa...too long....More later.

Saint

 

[Saint]

Dear Saint,

Can we consider this scenario.

Normally Open Positions are closed at the end of the Day. If only the Trade is running in Profits ( Say 100+ points like yesterday ), carry it to next day. If there is a Gap Up/Down in Trade's favor, it would be a bonanza.

Just loud thinking. Not any kind of suggestion.

Cheers

Our great advantage is to come in the Morn with a clean Slate.......with a mind raring to go,our concentration focussed,a derisive smirk on our lips as all the CNBC analysts call for the end of the world.We don't care what really happens,or how the market opens........and when the Market gaps down,and this world is in great Pain,our world sees great Opportunity to capitalise on a move in either way as we come to the table,a clear and focussed mind....A clean slate....Pakatil,I would let those gains go.....There is more to gain daily letting go probable gains and possible losses,........trigger in hand,ready to fire,a clear mind.

That is the Intraday Trader's Advantage.......let us not give that up.

Saint