Going with the Intraday Mini-Flow!!

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I got spooked and ran away at 3971.
And guess what one of the worst things that can happen to a trader happened to me.
I skipped rules and was rewarded for it.
Hope I dont get into this habit, as it will ultimately destroy the short term trader.
Yep,true.......learn from it.Enjoy the gains though.

Saint
 

beethoven

Well-Known Member
Saint,
Wonderful new thread and have been studying this in detail. Just my thinking: can we switch to 5 min time frame in last half hour of the day? 5 min chart made a PL at 3941. We could have shifted our stop to 3941-7=3934 instead of 3916 which was decided on 15 min chart. Or instead of 5 minutes even smaller time frame wherever a clear better (more profitable) pivot is formed vis-a'-vis the previous one. This is to firm up an exit strategy at the end of the day keeping pivot system intact to be in the trade till the last juice is extracted.
Thanks for teaching us and saving of lives and capital.
Beethoven
 
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pakatil

Well-Known Member
WOW, Three Consecutive Trades & Three Consecutive Days in Profit !!!

Never had it so good in my NF Trading ( just 6 months in to it ).

Yet to get used to be in Winning Streak. :D:D

Thank you Saint.

Cheers
 

ThE HaMmEr

Well-Known Member
today i made a blunder........... :-(

in d moning i longed nifty at 3831.......but then i got whipsawed......

i donn kno what happnd......i cut it at 3804 and reclaimed my original position according to 60 min flow......that was short.....nd booked loss and got long in end......at 3904.....

i will have to work on my emptions and patience........really had a bad day......as i mixed both the systems....... :(
 
today i made a blunder........... :-(

in d moning i longed nifty at 3831.......but then i got whipsawed......

i donn kno what happnd......i cut it at 3804 and reclaimed my original position according to 60 min flow......that was short.....nd booked loss and got long in end......at 3904.....

i will have to work on my emptions and patience........really had a bad day......as i mixed both the systems....... :(
Hello Neeraj

Happens ... 2morrow new day ...

Work on the method, go through past days as many as possible, practice it, will help a lot

Thanks
 
today i made a blunder........... :-(

in d moning i longed nifty at 3831.......but then i got whipsawed......

i donn kno what happnd......i cut it at 3804 and reclaimed my original position according to 60 min flow......that was short.....nd booked loss and got long in end......at 3904.....

i will have to work on my emptions and patience........really had a bad day......as i mixed both the systems....... :(
Very sorry to hear that neeraj, actally today was a great day for people following both the threads.But both have separate enrty,exit,stoploss and add rules and dont mix up these timeframes.60 min was short from last 4-5 days and not from today morning and you should keep both trades separate and not mix them. Follow both the method correctly and you will make profits in both ....

Best Wishes,Trade Well !!!

Smart_trade
 

kapil123

Well-Known Member
today i made a blunder........... :-(

in d moning i longed nifty at 3831.......but then i got whipsawed......

i donn kno what happnd......i cut it at 3804 and reclaimed my original position according to 60 min flow......that was short.....nd booked loss and got long in end......at 3904.....

i will have to work on my emptions and patience........really had a bad day......as i mixed both the systems....... :(
Neeraj,

To realise that one has made a mistake and to learn from it is the 1st step to success.
 
today i made a blunder........... :-(

in d moning i longed nifty at 3831.......but then i got whipsawed......

i donn kno what happnd......i cut it at 3804 and reclaimed my original position according to 60 min flow......that was short.....nd booked loss and got long in end......at 3904.....

i will have to work on my emptions and patience........really had a bad day......as i mixed both the systems....... :(
Dear Neeraj,

Thats the problem when we try to outsmart the system.....:(

You went long as per the intra-day but when NF started dipping, you exited and went short looking at 60-min position, thinking NF would touch new lows and thereby tried to outsmart the intraday system.

An imp. lesson for all...to keep in mind...

DO NOT TRY TO OUTSMART THE SYSTEM..JUST FOLLOW IT WITHOUT TRYING TO LOOK TOO MUCH IN FUTURE...

Hope everybody has a lesson to learn here....
 
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