Going with the Intraday Mini-Flow!!

[jatayoo]

Re: Saint's Intraday Miniflow - live discussion

Yes ,30 min lunch break and 6/7 hours working is OK.

IT's good.
I think we will get to capture more points....perhaps the Institutional guys and FII'S will quit at about for their watering holes after 5 PM or so...then we will make our moves one again.
Maybe, they will put their computers on auto pilot and we can read them in a few days and beat them.Nothing can surpass human Intellect.

 

[jatayoo]

Re: Intraday Miniflow Trades for Today: Saint's Method

Thanks ST for that insight into TF convergence...

ABSOLETELY I AGREE.
Today i have experimented with 5 min, 10 min, 15 min, 30 min, and 60 min charts over the last 5 days.The 30 min and 60 min charts give the least chance of a whiplash.
So it's the safest way to play intraday.One may trade less points but the chances of losing are minimal.
"Saint Sir" has really helped this community in a way that is inestimable.:clapping::clapping:

 

[jatayoo]

Re: Intraday Miniflow Trades for Today: Saint's Method

No my friend....I also thought on similar lines when I was new and trying out this method.

There will be many many instances when 15 min pivot is broken but the previous completed 30 and 60 is not supporting the direction of the break.The latest example I can think of is yesterdays as I was thinking in my mind when this market action was happening yesterday.

1:15 bar is a PH on 15 min TF. This was broken on upside in 1:45 bar in 15 or 2:00 bar in 30 TF. Now we see the confirmation from higher TFs. The completed bar on higher TF 30 is 1:30 bar and on 60 TF is 1:00 bar. Both are negative bars giving red candles so 30 and 60 not in agreement for upward breakout . Here we see the immediate preceeding completed bar on higher TF. Please observe that after 2:00 all TF got bullish so any 15 min breakout after 2:00 we would have gladly taken and it would have worked great as all TFs converging to bullish stance after 2:00 but catching that 1:45 bar breakout was little premature the breakout would have failed had the market reversed between 1:45 and 2:00.

Hope the above explanation clarifies the TF convergence doubt in your mind.

Best Wishes,

Smart_trade

I see it now. Perhaps I made a mistake yesterday.

 

[beethoven]

Re: Intraday Miniflow Trades for Today: Saint's Method

Great posts on time frame convergence, ST:clapping::thumb:
Bee

 

[manojkch]

Re: Intraday Miniflow Trades for Today: Saint's Method

ST Sir, Thanks a lot for giving insight into Time frame convergence! Excellent Clarification!! I was looking at TF convergence in a very limited aspects. Now I can see its other side also.

Best Wishes
Manoj

 

[manojkch]

Re: Intraday Miniflow Trades for Today: Saint's Method

ST Sir, Just one query related to NF trades dated 20-03-09. As you have told in live thread that the correct long entry was over pivot high (2793) +SF( of 12.00 bar high on 30 TF). While taking entry over this PH, our initial SAR would be 1.30 bar low(2766)-SF? and after completion of 2.30 bar, we can shift the SAR to its low(2785)-SF? Am I correct here.

Why I am asking this is because if the above mentioned things are correct, then considering initial risk while entering long trade ( around 42 points ), one could have avoided that entry ( for those whose MM does not permit this much risk) and the day ended for them without any trade. For me, I have entered longs as harsh did (for the same reasons as he mentioned and my tweak of trade after 1.30 ) that is at 1.30 bar high+SF.

Thanks and regards
Manoj

 

[lvgandhi]

Re: Saint's Intraday Miniflow - live discussion

hello,
i tried to find the exact method from the previous thread links u posted but unable to find so can u do a favour n cut paste the exact mentod in a single post n reply in this thread.
waiting for ur response

I think to know this method, first one has to have basic candle stick trend analysis as posted in teach a man to fish thread and then posts in these threads of first post will help.

 

[Smart_trade]

Re: Intraday Miniflow Trades for Today: Saint's Method

ST Sir, Just one query related to NF trades dated 20-03-09. As you have told in live thread that the correct long entry was over pivot high (2793) +SF( of 12.00 bar high on 30 TF). While taking entry over this PH, our initial SAR would be 1.30 bar low(2766)-SF? and after completion of 2.30 bar, we can shift the SAR to its low(2785)-SF? Am I correct here.

Why I am asking this is because if the above mentioned things are correct, then considering initial risk while entering long trade ( around 42 points ), one could have avoided that entry ( for those whose MM does not permit this much risk) and the day ended for them without any trade. For me, I have entered longs as harsh did (for the same reasons as he mentioned and my tweak of trade after 1.30 ) that is at 1.30 bar high+SF.

Thanks and regards
Manoj

Yes manoj,long above PH and stop at low of 2:30 bar (because of breakout failure if it was to happen). That gives a pretty acceptable reward/risk (risk about 22-25 points) situation.

Best Wishes,

Smart_trade

 

[jatayoo]

Re: Saint's Intraday Miniflow - live discussion

HI
I have made a study of the 60 minute flow chart of the NF for the week ended 20th march. I have observed as below:--
1) There are eight pivot highs formed during the week ending on the 20th march 2009. The range is from 2731 to 2830 of 99 points.
2) There is a convergence of PH-5, PH-6,, PH-7, PH-8, in a narrow band from 2811 to 2815 which will provide strongest supports for the next week if the NF crosses 2815. This band shall also be the strongest resistance to cross and three attempts have been made to cross it during the week unsuccessfully.Wednesday, Thursday, and Friday.3) There are two other PHs at 2803, 2784, and then a long way down at 2731 ( a full 50 points away from 2784). A break of 2731 from below should meet resistance at 2784 for a 50 point gain.4) There are six pivot lows formed during the week. PL-4, PL-5, PL-6, converge in the band 2765 to 2760 and should provide a good support region during down moves. Below this region we have supports at 2752 and 2729 to remember.
I hope this helps during the next week while approaching critical levels.:clapping::clapping:

 

[manojkch]

Re: Intraday Miniflow Trades for Today: Saint's Method

Yes manoj,long above PH and stop at low of 2:30 bar (because of breakout failure if it was to happen). That gives a pretty acceptable reward/risk (risk about 22-25 points) situation.

Best Wishes,

Smart_trade

Thanks for your reply.
Sir, Do you mean to say that we should place stops at 2.30 bar low even before its completion.(That is This bar had taken out our 12.00 PH and placing stop even before its completion? Only because of lower risk ( 23 points) and in case if breakout failure happens we reverse and our probability of gain is more than the risk ? )Is this the reason?

Thanks
Manoj