Going with the Intraday Mini-Flow!!

[Saint]

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) .................................

Best Wishes,

Smart_trade

Ah....did not put that down as attributed to common sense.


Saint

Pslease everyone,a reversal 10mins from time,when we are looking fwd to packing up for the day will not be acted upon.

 

[Saint]

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

Real trading is in progress,my friend......through it all,we are trying to help one another.

Best to quickly understand what we are doing and get down to it........finally,it is not about relying on anybody but yourself.Anyway,will come about slowly but surely....Baby steps and Paper Trades for now.

Saint

 

[Saint]

I feel like touching the feet of our great Saint!

Thanks ( if the 'word' can describe my feeling) very much Saint

Ah....please don't touch my feet,my friend

The aim of this exercise is to get you on your own two feet......after which you will never have to touch anyone's feet

But understand your feelings......your kind words are most deeply appreciated.

Saint

 

[Saint]

BTW, JPA was very obedient follower today and I made 13 pts. on Paper today, wish I had put real paper into trade

Grea going Prabhjeet........

Saint

 

[Saint]

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

Not a word of nonsense in your post,Amit........in fact,I would put it down as a great post.

Yes on the first paragraph........forget the 5,although agree with you.That hammer on the 20 after 18 successive downbars is something you need to look at.And the length of that tail makes it even better.......That tail is bullish on the 20.Take profits....

Since we are reversing every time that place of reversal happens.........that reversal is over 3860+7=3867,and exit at close at 3880-ish.This is in looking at the 60min bar.

Saint

 

[Saint]

Ok friends... have to go now!

Exit all positions... a profit of 63 points.... Including the loss in the long trade...

Shorts enjoy till the end! C u all 2mw!

Regards

Loss in the long trade???!Which one?

Saint

 

[Prabhjeet]

Would go long HDIL 161, SHORT 149

 

[niftychance]

Hello

NF Levels ...

3758 - 3831

Thanks

 

[kapil123]

Would go long in Nifty Fut at 3831 and short at 3759

 

[Reji]

Hi All,

Long triggered at 3831

Regards

Reji