Going with the Intraday Mini-Flow!!

[Prabhjeet]

Look at 20 min charts, there was hammer with big tail - highest volume bar of the day. Also on 5 min there was minor pivot high at around same level that of 20 min bar high. This indicates exhaustion which can be used to book most of the position.

Instead of keeping stops at pivots when we are fag end of the day and we are so much in profit, is it better to protect them? Especially when just 1 hr is left should we even think of reversing? Only V shaped recoveries call for reversal in the above scenario, but how frequent are these V-shpaed moves?
Of course backtesting is the solution before we put in such tweaks.

Saint,

Excuse me if I have put in something nonsense.

Thanks,
Amit

Today was a new challenge thrown at us by markets, I know there could have been hundreds of ways to take profits but will wait for Saint to decide on that

 

[Prabhjeet]

VPS almost each and every senior had given his levels of stops, majority had stops at 3882

 

[vpsarathy]

VPS almost each and every senior had given his levels of stops, majority had stops at 3882

By the time they talked about revised stops the red bar was moving down drastically. So I waited and benefited. Only if some one had told me question on reversal is right I too would have gone long.
vps

 

[Smart_trade]

By the time they talked about revised stops the red bar was moving down drastically. So I waited and benefited. Only if some one had told me question on reversal is right I too would have gone long.
vps

I dont think anybody reversed from short to long VPS,as when the reversal came it was hardly any time left for another daytrade( it came after 4) and the reversal levels were anounced and known long before it happened.So every one knew the reversal levels.I ,Prabhjeet and few other friends had clearly indicated these levels well an advance.

Nobody is a senior or junior here VPS,the thread itself is 15 days old.So somebody following it from day one is may be 6 or 7 days senior to the person who joined late. You are as senior as anyone else in this thread so count yourself in seniors if you insist on that classification.

Mkts are fast and daytrading is a very focussed actvity so dont expect people to answer your questions during mkt time. We are not papertrading and we have serious money on the trade so I am sure you will understand the difficulty of people who take actual trades in not answering during mkt time and you yourself be a senior guiding others ,I am sure you can do it.

Best Wishes,

Smart_trade

 

[Smart_trade]

Hi Trillian,

I just saw the two bar method explained by VPS. Very well explained,I cannot add anything to it. I hope your querry is answered.

I had promised that I will answer after mkt time hence this post.

Best Wishes,

Smart_trade

 

[SMART_Trader]

No problem MJ, I am known as Smart T ,SM,ST,Smart etc but I think there is another SMART Trader here and I dont want some of my foolishness to be attributed to that gentleman

Smart_trade

You are the real smart trader
I am not smart but I trade SMART(Significant Move Analysis Related Trades)

 

[stocktrader2008]

what a beautiful system this man called saint has given . i read the rules & saw the charts.i hope to start soon on it. thank u saint.
this man looks like a very seasoned veteran in the markets,maybe in the markets for more than 10years or so.
thanks once again.

 

[joy.edakad]

I dont think anybody reversed from short to long VPS,as when the reversal came it was hardly any time left for another daytrade( it came after 4)

May be it is better to use a "stop trade" time. I mean after a predetermined time, no trades are initiated. Usually I do not initiate a new intraday trade in the last 20-30 minutes. Remember in this system, a trade is initiated after the first 5 minutes.

 

[Smart_trade]

Posting todays trades on the NF 30 min chart. Last trade was profit booked on 2/3 posn at 3875+7=3882 (on 2 bars method )

Average points gained today 64 on initial posn.


Best Wishes,

Smart_trade

 

[Smart_trade]

You are the real smart trader
I am not smart but I trade SMART(Significant Move Analysis Related Trades)

Same here my friend !!! My name is Smart_trade so I want my trades to be smart,not me !!!


Enjoy !!!

Smart_trade