Going with the Intraday Mini-Flow!!
- Thread starter Saint
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Re: Saint's Intraday Miniflow - live discussion
Yes Sir,
Our previous understanding was the after a pivot is formed we use small filter from pivot for entry. But after yesterday's discussion I think what we understand now is that pivot +- big filter should be used if it is move 1 and pivot +- small filter should be used for move 2.
Confirmation required from you
Thanks
Yes Sir,
Our previous understanding was the after a pivot is formed we use small filter from pivot for entry. But after yesterday's discussion I think what we understand now is that pivot +- big filter should be used if it is move 1 and pivot +- small filter should be used for move 2.
Confirmation required from you
Thanks
Re: Saint's Intraday Miniflow - live discussion
I think (for vineet's to to Saint),
We only need to take the Large Filter for MOVE1 with out considering whether its a bar high or pivot.
We use Large Filter even if the first entry is with a Pivot High provided its MOVE1.
For MOVE2 onwards we use Small Filter.
Here in today's case we use the Large Filter itself for going long over 10:30 bar.
Saint sir please correct.
I think (for vineet's to to Saint),
We only need to take the Large Filter for MOVE1 with out considering whether its a bar high or pivot.
We use Large Filter even if the first entry is with a Pivot High provided its MOVE1.
For MOVE2 onwards we use Small Filter.
Here in today's case we use the Large Filter itself for going long over 10:30 bar.
Saint sir please correct.
Re: Saint's Intraday Miniflow - live discussion
It depends on the quality of the pivot..........Think we all know by now,where we would say that Move 1 is in progress.The question is:If we pivot within Move 1,should we not enter with normal filters instead of MovFil.....and the answer to that one is the quality of the pivot.
Have a look at 18th Sept,2007........Bar 2 does not take out Bar 1 past the Moving Filter and then corrects......4 pullback bars not breaking the low of the day and then a resumption in the move.....we are not waiting here with a Moving Filter.We are waiting with our Normal Filter,the triggerring of which is enough for us to ride the move.
Imagine another example where BAR 2 takes out the high of BAR 1,and then fails to take out the Moving Filter,and goes sideways 5 bars,yummy.....we are in long with our Normal Filter.
Have a look at 6th Feb 2009.......are there pivots,yes there are......but can you see the difference?Because of the Moving Filter,no trades triggerred that day.
Therefore,in summary,.............all Move 1's work with Moving Filter,all the while raising our stop loss to the previous pivot low to hit Move 2 hard and with a Normal Filter.The exception is when there is a clear cut pivot,and if we get one,we are getting in with a Normal Filter.
Ouch,Vineet......sorry,my friend,don't get you on this one.Just make it a bit more clearer for me.........Thanks.
Saint
It depends on the quality of the pivot..........Think we all know by now,where we would say that Move 1 is in progress.The question is:If we pivot within Move 1,should we not enter with normal filters instead of MovFil.....and the answer to that one is the quality of the pivot.
Have a look at 18th Sept,2007........Bar 2 does not take out Bar 1 past the Moving Filter and then corrects......4 pullback bars not breaking the low of the day and then a resumption in the move.....we are not waiting here with a Moving Filter.We are waiting with our Normal Filter,the triggerring of which is enough for us to ride the move.
Imagine another example where BAR 2 takes out the high of BAR 1,and then fails to take out the Moving Filter,and goes sideways 5 bars,yummy.....we are in long with our Normal Filter.
Have a look at 6th Feb 2009.......are there pivots,yes there are......but can you see the difference?Because of the Moving Filter,no trades triggerred that day.
Therefore,in summary,.............all Move 1's work with Moving Filter,all the while raising our stop loss to the previous pivot low to hit Move 2 hard and with a Normal Filter.The exception is when there is a clear cut pivot,and if we get one,we are getting in with a Normal Filter.
Ouch,Vineet......sorry,my friend,don't get you on this one.Just make it a bit more clearer for me.........Thanks.
Saint
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