Going with the Intraday Mini-Flow!!

[vpsarathy]

RKK,

YOu strengthen my belief in my original understanding of rules. I would like endorsement for more seniors or agreement between you and MB to clear this confusion

vps

 

[milkyblack]

Lets not have any confusion over here on this 4 bar upmove/downmove and the use of 2 bar...

Though it is highly unlikely that to wait for the 30 min bar to complete or not... the SL is going to be taken off.... until some huge V move....

But the basic concept of using the 4/2 bar is that ... when CONSTANTLY the high/low of previous bar is taken... it shows enough strength/weakness in that direction... now completion or not completion is not the key to measure this weakness/strength...

So once this is done i.e. 4 bar down/upmove is formed... then if the 2 bar low/high is taken it gives the indication of trend reversal...

Though I do not wait for the bar to get complete... as soon as I see low/high breached I modify my SL order...

As the TF is 30 min... the 2 bar back high to be breached within 30 min (where low is also taken and high is quite unlikely) so one can use to modify order as per comfort level...

But do place the order... trade mechanically!

Regards

 

[kapil123]

where do we book part profit!!!

As the initial Risk was 4006-3958=48 points, so part praofit could have been booked at 3910.

 

[vpsarathy]

MB,

Quoting Saint:-

TRAIL STOP:Trail stops only on higher pivot lows in longs.......trail stops to lower pivot highs in shorts.If you get strong 4 bars up on the 30 or more,move the stop to the low of 2 bars back.Same as the 2 bar method we employ in the 60min Flow.Only difference is use this only after we get 4 bars up

I think RKK is right

vps

 

[rkkarnani]

RK Sir,

Beg to differ here...

Concept:
L4<L3<L2<L1 AND
H4<H3<H2<H1

We move SL to H2+5

Regards

Okay getting what you have explained!!!
Only confusion was do we change the SL as soon as the previous low is broken, or we wait for the bar to complete!!!
So now it is clear, we moved sl to 3991 as soon as low of 11 AM bar was broken by the next bar!!!
Thanx!!

 

[milkyblack]

Hey MB i know you but mistake was mine i think while i saw the cadle it was a green though body of candle very smal so did not checked the high low

Regards
Satya

No mistake and all friend... all fine! Hope you are enjoying the day...
Nice fall

Regards

 

[milkyblack]

MB,

Quoting Saint:-

TRAIL STOP:Trail stops only on higher pivot lows in longs.......trail stops to lower pivot highs in shorts.If you get strong 4 bars up on the 30 or more,move the stop to the low of 2 bars back.Same as the 2 bar method we employ in the 60min Flow.Only difference is use this only after we get 4 bars up

I think RKK is right

vps

Someone or other is comprehending it wrong... perhaps me... lets wait till Saint replies..

What I infer is that USE THIS ONLY AFTER WE GET 4 BARS UP/DOWN ... is that up in the last sentence of Saint means complete? Or did he missed the Down???

Lets not complicate things now and waste some of traderji's posts... which makes new people difficult to learn things...

Best wait until Saint replies...

Until then follow what suits you... I am sure it will not make much difference

Regards

 

[milkyblack]

As the initial Risk was 4006-3958=48 points, so part praofit could have been booked at 3910.

Yup!

My buy order at 3910 got executed

Regards

 

[vpsarathy]

MB,

I am still learning. These were my doubts. Now lets wait for Saint to clarify what he meant.

vps

 

[Smart_trade]

We take profits on 1/3 position at entry-initial risk.This level will be 3905-3910 depending on small variation in data every one has