Going with the Intraday Mini-Flow!!

[manojkch]

Re: Saint's Intraday Miniflow - live discussion

Harsh, I am doubt because of these rules.
Quote by Saint Sir ....

Failed breakout pattern:We have a pivot on the 30 or 60 and a WRB breakout followed by a bearish bar more than or equal to 50% of the range (open-close) of the WRB.Reverse if the following bar takes out the low of the bearish bar.

Observation 1: A WRB breakout after a sideways congestion or pullback to new highs on high volumes must be followed by a continuation of that move.........if it doesn't, it is a Failed Breakout Pattern.

Observation 2: A WRB after many bars up (talking longs) on high volumes could signal the end of the trend.....the operative word being "could".......Reversal only on the negation of that WRB.If this negates that entire WRB and falls vertically from there, a possible "V" pattern move.

 

[kinkhab]

Re: Saint's Intraday Miniflow - live discussion

SAR BankNifty 4090 + SF

Pls cnfrm STDA

Kinkhab

 

[manojkch]

Re: Saint's Intraday Miniflow - live discussion

Yes Amit...bar 2 should close above 50 % of the preceeding WRB and we reverse above the high of bar 2 (taking case of bullish reversal) but suppose bar 2 does not close >50 % and bar 3,4 tiny bars....manage to close above 50 % of original WRB,then reversal at WRB high +f ie total negation of WRB .

ST

Thanks ST Sir for clarification!

 

[Smart_trade]

Re: Saint's Intraday Miniflow - live discussion

Already reversed Bank Nifty Kinkhab...at 4037+f on 15 min PH, 30 min in agreement...

But that also is not working great...

ST

 

[myvineet]

Re: Saint's Intraday Miniflow - live discussion

hope today is not someone's first day trading miniflow...

 

[pleaseharsh]

Re: Saint's Intraday Miniflow - live discussion

manoj ...got it wt u trying to say.....but i took it has resting bar and went long..newys even by 1.00+sf would have got me into trade...

 

[pleaseharsh]

Re: Saint's Intraday Miniflow - live discussion

hope today is not someone's first day trading miniflow...

u manage to hit sixes and smile even during such whackoff's days....:clapping:

 

[Revati]

Re: Saint's Intraday Miniflow - live discussion

Already reversed Bank Nifty Kinkhab...at 4037+f on 15 min PH, 30 min in agreement...

But that also is not working great...

ST

sir will it be ok to add abv 2 pm bar

 

[jamit_05]

Re: Saint's Intraday Miniflow - live discussion

Harsh, I am doubt because of these rules.
Quote by Saint Sir ....

Failed breakout pattern:We have a pivot on the 30 or 60 and a WRB breakout followed by a bearish bar more than or equal to 50% of the range (open-close) of the WRB.Reverse if the following bar takes out the low of the bearish bar.

Observation 1: A WRB breakout after a sideways congestion or pullback to new highs on high volumes must be followed by a continuation of that move.........if it doesn't, it is a Failed Breakout Pattern.

Observation 2: A WRB after many bars up (talking longs) on high volumes could signal the end of the trend.....the operative word being "could".......Reversal only on the negation of that WRB.If this negates that entire WRB and falls vertically from there, a possible "V" pattern move.

That was my confusion as well. However, now that ST has thrown more light I shall back test it tonite.

 

[myvineet]

Re: Saint's Intraday Miniflow - live discussion

u manage to hit sixes and smile even during such whackoff's days....:clapping:

have to buddy....

thinking about going office early today & give them a surprise...

vineet