Going with the Intraday Mini-Flow!!

[hitesh05]

Re: Saint's Intraday Miniflow - live discussion

SAR to 10:30 bar high.
4 Bar rule supported by 60min bar high.

Haribird.

good morning Haribhai, can't understand supported by 60min bar high plz explain.

 

[pleaseharsh]

Re: Saint's Intraday Miniflow - live discussion

hari / nebody trade banknifty with this method....i m observing good flow from last few days...?

 

[TFL]

Re: Saint's Intraday Miniflow - live discussion

good morning Haribhai, can't understand supported by 60min bar high plz explain.

Good Morning hitesh05.

Exception:
In certain circumstances we will shift SAR to 2nd bar even before the 4th bar is completed.
For doing this we need the below conditions satisfied.
Condition 1: In 60min Chart, We need the 2nd bars high(in case of short) or low(in case of long) same as 60 min bar(last completed bar) high(in case of short) or low(in case of long).
Condition 2: The last 60 min bar should be a Wide Range Bar (WRB).
Condition 3: The negation of that 60 min bar in the very next bar is bullish for long positions and bearish for short positions.

Haribird.

 

[TFL]

Re: Saint's Intraday Miniflow - live discussion

Quoted from library thread.

Note:
Inorder to apply this 4 bar rule we need the 4th bar completed in 30min.
There after the 4th bar we don't need the bars completed to shift SAR to the bar before the last completed bar provided, we get a new high(in case of long) or low(in case of short) from the incomplete bar.
In short, we only need the 4th bar completed to apply 4 bar rule and no need of 5th, 6th, etc to shift SAR to

Haribird

 

[manojkch]

Re: Saint's Intraday Miniflow - live discussion

Noe the present level came near to part profit booking level ( also a support level )

 

[jamit_05]

Jan 19th trades.

Saint, Rajendra, Vineet,

For Jan 19th, the members entered long at 2836+7 at 12.00 bar high as it was a pivot).

Soon enough, Saint said that it was not a trade in the post:

http://www.traderji.com/day-trading...-miniflow-live-discussion-294.html#post268718

My doubt:
Yesterday, leaders insisted that if its a pivot then use of sf was okay. However, the above mentioned trade is incorrect. My doubt is, on Jan 19th Saint did not mention the reason why this is not a trade. I was left guessing.

My guess: Saint was trying to say that unless it is a range bound case or if its a reversal only then use sf. Else use MF, pivot high or not.

So I earnestly request that Rajendra, Vineet, Saint please step in and clarify this. There are several other in the forum who have similar doubts and suggestion too. Please feel free to opine.

Amit

PS: Attaching the chart for reference.

 

[TFL]

Re: Saint's Intraday Miniflow - live discussion

hari / nebody trade banknifty with this method....i m observing good flow from last few days...?

Me too observing for this week harsh.

Haribird.

 

[pleaseharsh]

Re: Saint's Intraday Miniflow - live discussion

good down move...i think we can bring sar at high of this bar .......wt u guys say...

 

[jamit_05]

Re: Saint's Intraday Miniflow - live discussion

good down move...i think we can bring sar at high of this bar .......wt u guys say...

Exactly my thoughts. Moreover, my stomach is getting a little queazy now... 1:1 crossed. Booking a little now is alright no?

 

[pleaseharsh]

Re: Saint's Intraday Miniflow - live discussion

actually me alread done some at 2570...