Going with the Intraday Mini-Flow!!

[Revati]

Re: Saint's Intraday Miniflow - live discussion

can somebody paste 18 th sep 2007 chart

 

[Smart_trade]

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

Thans for the explanation saint.I always use larger moving filter when market is limping in move 1 and making tiny PHs in the process. But a strong PH and mkt smashing it it clean sweep move,I use small filter. But this sometimes becomes subjective. So let us consider move 1 with large mov filter unless one is fully convinced about pivot break in clean sweep.

And anyway, the diff is only few points so better to err on safer side.

ST

 

[myvineet]

Re: Saint's Intraday Miniflow - live discussion

Ouch,Vineet......sorry,my friend,don't get you on this one.Just make it a bit more clearer for me.........Thanks.

Saint

sorry sir ,

means while looking at yest chart . the 10.30 bar makes LH\LL to 10.00 bar ..if 11.00 bar too makes LH\LL too & we are convince that it is move 1 of the day ..then we will reverse from 11.00 bar high + nor fil or at 10.00 bar high+ nor fil..taking it as move 2 of the day..

my understanding is that we will reverse from 11.00 bar high ...am i right there ?

thanx & regards

vineet

 

[Saint]

Re: Saint's Intraday Miniflow - live discussion

another example where Move 1 is triggerred,then we go sideways multiple bars.......and then we use our Normal Filters to get us in on the breakout is
13th Feb 2009.

Saint

 

[Saint]

Re: Saint's Intraday Miniflow - live discussion

Another example :11th Feb 2009.Same thing.....clear cut pivot and a breakout from there,go with Normal Filters after a Move 1.

Saint

 

[jamit_05]

Re: Saint's Intraday Miniflow - live discussion

Just read the discussions here on Mov .
.
.
.

As per my understanding, we use moving filter to the successive bars in move 1 till the pivot is formed. After pivot then we use normal filter as pivot is the most important element in this method. This is also confirmed in saint sir's post no 2893 (yesterdays discussion).

What happened yesterday was our long entry was not triggered though we were making higher pivots not because we were shifting larger mov fil to Pivot by pivot but our small filter was applied to each successive pivots and because of the value of small filter most of us use the trade was not triggered.

.
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Smart_trade

Hello Smart_trade,

Please correct the following points:

Points:
1) After a pivot high is formed we use a normal filter (7) i.e. ph+7 as entry.
2) If after that a higher pivot high is formed, call it phB, then we will move our entry to phB+7.

If the above two points are correct, then yesterdays 1.00 bar high was 2662 and was a pivot high. So entry should be placed at 2662+7 i.e. 2669, which got a fill at 2.00 bar. I am going correct? Pls advice.

Amit

 

[Saint]

Re: Saint's Intraday Miniflow - live discussion

Another example :11th Feb 2009.Same thing.....clear cut pivot and a breakout from there,go with Normal Filters after a Move 1.

Saint

And another one on the 9th Feb 2009...........let me hunt down a few like yesterday.

Saint

 

[FlowTrader]

Re: Saint's Intraday Miniflow - live discussion

Hello Smart_trade,

Please correct the following points:

Points:
1) After a pivot high is formed we use a normal filter (7) i.e. ph+7 as entry.
2) If after that a higher pivot high is formed, call it phB, then we will move our entry to phB+7.

If the above two points are correct, then yesterdays 1.00 bar high was 2662 and was a pivot high. So entry should be placed at 2662+7 i.e. 2669, which got a fill at 2.00 bar. I am going correct? Pls advice.

Amit

Nice revision, good to drill in the finer details of the method.

Thans for the explanation saint. I always use larger moving filter when market is limping in move 1 and making tiny PHs in the process. But a strong PH and mkt smashing it it clean sweep move,I use small filter. But this sometimes becomes subjective. So let us consider move 1 with large mov filter unless one is fully convinced about pivot break in clean sweep.

And anyway, the diff is only few points so better to err on safer side.

ST

Add to the above what Saint said about Quality of Pivot and you have ur answer

Regards
PK

 

[Smart_trade]

Re: Saint's Intraday Miniflow - live discussion

Hello Smart_trade,

Please correct the following points:

Points:
1) After a pivot high is formed we use a normal filter (7) i.e. ph+7 as entry.
2) If after that a higher pivot high is formed, call it phB, then we will move our entry to phB+7.

If the above two points are correct, then yesterdays 1.00 bar high was 2662 and was a pivot high. So entry should be placed at 2662+7 i.e. 2669, which got a fill at 2.00 bar. I am going correct? Pls advice.

Amit

Absolutely correct amit,and that is precisely I said in my post in end of day thread also. If you are using 7 as small fil then the long trade gets triggered but most of us are using 9 or 10 and that does not trigger the long trade.

But after this discussion and Saints sirs post,I feel the mkt was limping yesterday in upmove so we should have applied large mov fil to PH as we were not seeing a strong move smashing PH in one clean sweep.

Best Wishes,

Smart_trade

 

[pleaseharsh]

Re: Saint's Intraday Miniflow - live discussion

pls i request everyone to go through trade of 19 jan'09.....
eod thread: post no 283 onwards ...