Going with the Intraday Mini-Flow!!

[Smart_trade]

Re: Saint's Intraday Miniflow - live discussion

I am getting my entry wrong ie days first 5m bar -/+14 wait for 1,2,3,4, then strike can anyone guide 2. the long as the first 5 min bar +14 to be the entry point irrespective of time .

You need to understand the method correctly....spend some time reading the posts in the mother thread. Apart from first 5 min H/L we have PH/PL ,then last 60 min H/L, then 15/20 min pivots if higher TF agrees ,WRB,breakout failures etc as entry points.

Best Wishes,

Smart_trade

 

[NORBE_1958]

Re: Saint's Intraday Miniflow - live discussion

Thank u,please kindly forward the mother tread

 

[jatayoo]

Re: Saint's Intraday Miniflow - live discussion

You need to understand the method correctly....spend some time reading the posts in the mother thread. Apart from first 5 min H/L we have PH/PL ,then last 60 min H/L, then 15/20 min pivots if higher TF agrees ,WRB,breakout failures etc as entry points.

Best Wishes,

Smart_trade

Hi ST
Thanks for continuing the legacy of 'Saint Sir'. The concepts are sound and need to be practised again and again.I read posts only by you and 'vineet' on this board.
Today the method of this board gave moderate results for NFas it was a choppy session, but it gave good results for RIL, & INFY...
Pl keep on with the selfless work.:clapping::clapping::clapping:

 

[NORBE_1958]

Re: Saint's Intraday Miniflow - live discussion

Todays ideal trades were buy at 2597 + sf or mf as per your comfort,add at 2611 + sf sell between 2620-2630. We had a final stoploss at 2617 -f which was hit in 3:30 bar. We dont initiate a fresh position in the last bar otherwise shorting at 2617 and covering at 2595 could have been a very sweet trade.

Smart_trade

2597 was found at the low of1.30bar u have mentioned buy add at 2611 was understood by me as 2597+14(=2611) so this time the SF could be 7 or is it 14 If both buys were done the what will the SAR be should it be based on the 30min chart as the strikes were at 1.30pm

You also mentioned the sell was at 2620-2630 Please enlight me more on this as the SAR

 

[NORBE_1958]

Re: Saint's Intraday Miniflow - live discussion

You need to understand the method correctly....spend some time reading the posts in the mother thread. Apart from first 5 min H/L we have PH/PL ,then last 60 min H/L, then 15/20 min pivots if higher TF agrees ,WRB,breakout failures etc as entry points.

Best Wishes,

Smart_trade

Sir,
1.After through study of the 20 minute chart I found the following as you had mentioned at 11.20 High was 2597 +14 would have triggered buying price 2611 and again at 12 2610.5+14 would have triggered at 2624.5 both the SAR 12pm 60min chart low2589 -7 and 1pm 60min chart2589.7-7 and at 2pm2627.30-7
would have triggered 2620 the reverse sell but how then after this
cos I am tounderstand like wise at 2pm the low was 2627 -7 should be the sell call Is it so and If so would the SAR had been 2pmHigh 2636.7+7
2.Is 7 or is it 9 the accepted SF and 14 the MF 3. How will one make the choice
Thank u for giving the support, this will make me a better trader from tomorrow

 

[manojkch]

Re: Saint's Intraday Miniflow - live discussion

Sir,
1.After through study of the 20 minute chart I found the following as you had mentioned at 11.20 High was 2597 +14 would have triggered buying price 2611 and again at 12 2610.5+14 would have triggered at 2624.5 both the SAR 12pm 60min chart low2589 -7 and 1pm 60min chart2589.7-7 and at 2pm2627.30-7
would have triggered 2620 the reverse sell but how then after this
cos I am tounderstand like wise at 2pm the low was 2627 -7 should be the sell call Is it so and If so would the SAR had been 2pmHigh 2636.7+7
2.Is 7 or is it 9 the accepted SF and 14 the MF 3. How will one make the choice
Thank u for giving the support, this will make me a better trader from tomorrow

Dear edgernorben,
First I will suggest you to go through Main Thread very thoroughly. If you want all rules in nutshell, please mail me your email Id, I will send it to you so that it will shorten your learning curve. One more thigh, we are trading 30 min chart ( not 20 min or 15 min). We are taking help of 15/20 min chart along with 60 min chart to confirm our decisions.

Regarding Todays Trade, let me explain it to you step by step as per my understanding. ST Sir, please correct me wherever I am wrong.
Here I have used 14 as Moving Filter , 7 as Reversal Filter or Small filter and 5as Add filter

10.00 : H-2620 , L-2604
Long 2620+14 = 2634 , Short- 2604-14=2590

10.30 : H-2611 , L-2594
This bar didn't take out our MF on either side and the bar made Lh-LL hence we will again apply MF filter for short (2594-14) and for long (2611+14). Here I have applied MF to long side also as first move is not yet clear.

11.00 : H-2595 , L-2585
Again didn't take out our MF on either side. hence for short we will apply MF again ( 2585-14) and for long I have treated it as first move hence applied SF/rev Filter over it (2595+7)

11.30 : H-2597, L-2588
Not taking out our filters on either side hence for short, still MF applied and it is (2585-14) but as I treated first move as convincing first move I have applied SF over 2597+7 =2604. I applied it on this bar as I treated it as limp move. also this bar is a inverted hammer with tiny 15 min pivot.

12.00 : H-2610, L-2589
Long triggered at this bar at 2604. SAR at 11.00 bar low-7 (2585-7)

12.30 : H-2603 , L-2583. Doing nothing. Didn't hit our SAR hence still long. Now we have got a clear pivot high on 30 TF ( 12.00 bar High) hence we will apply add over this pivot + Add filter ( 2610+5) .For those for whom long didn't triggered due to MF / larger filter on second move at 12.00 bar, they are looking for to go long above this pivot high + SF(7)

13.00 : H- 2606 , L -2585. Doing nothing

13.30 : H-2626, L-2597 . Add triggered for those who are already long and those who were not long before, they are long now. As this is a pivot breakout bar we bring our SAR to this bar low-rev. Filter(2597-7). Add over this bar high + add filter ( 2626+5=2631) because it is a WRB.

14.00 : H-2637, L- 2618 .Add triggered. Part profit booking (1/3 of initial position ) done here in between 2625-2635 range.(We book part profit when we reach the target equal to our initial risk)

14.30 : H-2633, L-2620 . Now we bring our SARto 14.00 bar low - rev filter (2618-7) as the14.00 WRB/ and (continoius upwrd movement bar by bar) get negated by more than 50%.

15.00 : H-2626, L-2613 Doing nothing. ( now we treat our previous SAR as STOP. we will not reverse the trade after 3.00 as it is closing time.)

15.30 : H-2626, L-2584, In this bar our STOPS hit and we are out of all positions.

Hope this explanation will help you to some extent to understand the system.

Thanks
Manoj

 

[HEM]

Re: Saint's Intraday Miniflow - live discussion

2597 was found at the low of1.30bar u have mentioned buy add at 2611 was understood by me as 2597+14(=2611) so this time the SF could be 7 or is it 14 If both buys were done the what will the SAR be should it be based on the 30min chart as the strikes were at 1.30pm

You also mentioned the sell was at 2620-2630 Please enlight me more on this as the SAR

edgernorben answers for your questions :-

(1) buy at 2597+sf - 11:30 bar high+sf(7), (move 2 +sf)

(2) add at 2611 + sf - 12:00 bar high+af(5)

(3) SAR - first 11:00 bar low+sf and than 12:30 bar low+sf

(4) sf - 7
ad - 5

 

[HEM]

Re: Saint's Intraday Miniflow - live discussion

Dear edgernorben,
First I will suggest you to go through Main Thread very thoroughly. If you want all rules in nutshell, please mail me your email Id, I will send it to you so that it will shorten your learning curve. One more thigh, we are trading 30 min chart ( not 20 min or 15 min). We are taking help of 15/20 min chart along with 60 min chart to confirm our decisions.

Regarding Todays Trade, let me explain it to you step by step as per my understanding. ST Sir, please correct me wherever I am wrong.
Here I have used 14 as Moving Filter , 7 as Reversal Filter or Small filter and 5as Add filter

10.00 : H-2620 , L-2604
Long 2620+14 = 2634 , Short- 2604-14=2590

10.30 : H-2611 , L-2594
This bar didn't take out our MF on either side and the bar made Lh-LL hence we will again apply MF filter for short (2594-14) and for long (2611+14). Here I have applied MF to long side also as first move is not yet clear.

11.00 : H-2595 , L-2585
Again didn't take out our MF on either side. hence for short we will apply MF again ( 2585-14) and for long I have treated it as first move hence applied SF/rev Filter over it (2595+7)

11.30 : H-2597, L-2588
Not taking out our filters on either side hence for short, still MF applied and it is (2585-14) but as I treated first move as convincing first move I have applied SF over 2597+7 =2604. I applied it on this bar as I treated it as limp move. also this bar is a inverted hammer with tiny 15 min pivot.

12.00 : H-2610, L-2589
Long triggered at this bar at 2604. SAR at 11.00 bar low-7 (2585-7)

12.30 : H-2603 , L-2583. Doing nothing. Didn't hit our SAR hence still long. Now we have got a clear pivot high on 30 TF ( 12.00 bar High) hence we will apply add over this pivot + Add filter ( 2610+5) .For those for whom long didn't triggered due to MF / larger filter on second move at 12.00 bar, they are looking for to go long above this pivot high + SF(7)

13.00 : H- 2606 , L -2585. Doing nothing

13.30 : H-2626, L-2597 . Add triggered for those who are already long and those who were not long before, they are long now. As this is a pivot breakout bar we bring our SAR to this bar low-rev. Filter(2597-7). Add over this bar high + add filter ( 2626+5=2631) because it is a WRB.

14.00 : H-2637, L- 2618 .Add triggered. Part profit booking (1/3 of initial position ) done here in between 2625-2635 range.(We book part profit when we reach the target equal to our initial risk)

14.30 : H-2633, L-2620 . Now we bring our SARto 14.00 bar low - rev filter (2618-7) as the14.00 WRB/ and (continoius upwrd movement bar by bar) get negated by more than 50%.

15.00 : H-2626, L-2613 Doing nothing. ( now we treat our previous SAR as STOP. we will not reverse the trade after 3.00 as it is closing time.)

15.30 : H-2626, L-2584, In this bar our STOPS hit and we are out of all positions.

Hope this explanation will help you to some extent to understand the system.

Thanks
Manoj

Manoj very good explaination.:clapping:

 

[Smart_trade]

Re: Saint's Intraday Miniflow - live discussion

Sir,
1.After through study of the 20 minute chart I found the following as you had mentioned at 11.20 High was 2597 +14 would have triggered buying price 2611 and again at 12 2610.5+14 would have triggered at 2624.5 both the SAR 12pm 60min chart low2589 -7 and 1pm 60min chart2589.7-7 and at 2pm2627.30-7
would have triggered 2620 the reverse sell but how then after this
cos I am tounderstand like wise at 2pm the low was 2627 -7 should be the sell call Is it so and If so would the SAR had been 2pmHigh 2636.7+7
2.Is 7 or is it 9 the accepted SF and 14 the MF 3. How will one make the choice
Thank u for giving the support, this will make me a better trader from tomorrow

Hello my friend...

From your querries it is very clear that you have not studied the theory of this system. Please go to equities section,then day trading and in that you will find miniflow motherthread,EOD thread,and this thread. Study the method first and then ask relevent questions.

I appreciate your eagerness to understand the method but this haste will lead you nowhere. Studing all these threads will take you minimum 15 days so study,and silently observe how the traders here trade. You will learn more by self study and silently grasping the method. After that all your questions are most welcome....

I am sure you will put efforts and soon catch up with everyone here.

Best wishes,

Smart_trade

 

[Smart_trade]

Re: Saint's Intraday Miniflow - live discussion

PROFIT BOOKING IN MINIFLOW METHOD


This is a day trading method but here we want to trade minimum and extract maximum from our trades. This method is against conventional day trading principal of large quantity and quick profits.

Here the time is limited ( till 3:30 and we have to close all our trades before 3:30) but in that limited time we try to make maximum out of the trades .

1) When you enter a trade you take certain initial risk. This is equal to ( difference between your entry price and initial stoploss) . As and when the market gives you profit = your initial risk,we suggest that you book 1/3 of your position.This will ensure some profits in your pocket in case the market suddenly and unexpectedly reverses.

2) Balance 2/3 position you have to milk to the maximum extent. We are not interested in scalping here so we dont book profit in haste. We give sufficient chance for the position to mature and grow in profits. But near 3:00 you should start thinking about booking profits and if you are having a strong up/down day,we can wait till 3:25 to book poofits. It is my observation that strong trend up days open near the low and close near the high of the day. Vice versa for strong down days.So no haste in booking profits.

But when you find market not moving strongly,small bars etc and market limping in the direction of your trade ( like it was doing in afternoon session today ) dont wait till the end. If you are long,book profit in a rally and keep a small position till the end as these markets are prone to sudden and violent reversal ( as it did today....you can sense it....the screen will tell you that)

In last 30 min even booking profits on 5 min bar low is broken if long etc can be implemented if market is not trending strongly.( This is a tweak everyone has to play as per his comfort level...) If you sense trouble,book profit,dont wait till the last moment. This is the delicate balance between booking profits in weak markets and dumping the profitable position in haste.

Best Wishes,

Smart_trade