Going with the Intraday Mini-Flow!!

[niftytrader2]

Great going, all participants on this thread. Great learning thread. Has anybody compiled Sept gains as per the new rules ?

 

[trytrading]

.............And No Rakesh........a pivot break on the 15 does not in itself give you a reversal......

Saint

Saint can you please explain when can we reverse on "a pivot break on the 15", and when to avoid it.

Thanks

 

[rkkarnani]

Great going, all participants on this thread. Great learning thread. Has anybody compiled Sept gains as per the new rules ?

Hi NiftyTrader2!!!,
It will do you good to go through all the relevant posts in this thread, particularly those of Saint!!
Well Sept. trades have been compiled by The Man himself!!!! in form of a Chart... do have a look at :
Charts of trades posted by Saint:
Aug 1st half :
http://www.traderji.com/day-trading-stocks/24071-going-intraday-mini-flow-post224562.html#post224562

Aug 2nd Half
http://www.traderji.com/day-trading-stocks/24071-going-intraday-mini-flow-post224577.html#post224577

Sep begining:
http://www.traderji.com/day-trading-stocks/24071-going-intraday-mini-flow-83.html

Sep.till 24th
http://www.traderji.com/day-trading-stocks/24071-going-intraday-mini-flow-post224725.html#post224725

 

[rakeshluthra430]

Rakesh,

You are trading the 30min charts.........successive lower highs and lower lows till 11:30 am as pointed out by yourself.Stops still where they are,at the first bar high +room.....Then we have a pivot high formed at 4083,and a fall.Only then are stops brought down to the high of that pivot + room.And again at the next pivot.
We are NOT trading the 15/20min charts........we seek the help of the 15/20 when we get vertical bars with no pivots......we seek the help of the 60 for an overall viewpoint and for some key candle reversals.Other than that,it's only 30min all the way.

And No Rakesh........a pivot break on the 15 does not in itself give you a reversal......

Saint

Thanks a lot Saint...understood most of it. So we look at 15/20 only to get a clearer perspective of a pivot, which may appear tiny one on the 30...and in vertical moves.

But Sir....I got confused because I saw a few traders place a SAR order at that PH on 15/20. So you are saying that....doing it was wrong. We should have only placed a stop order at that pivot on 15/20?

Sorry for pestering you so much, I think I am a slow learner. Kindly explain this one more time during this weekend or whenever you are free.

Sorry Again,
Rakesh

 

[pakatil]

Rakesh,

You are trading the 30min charts.........successive lower highs and lower lows till 11:30 am as pointed out by yourself.Stops still where they are,at the first bar high +room.....Then we have a pivot high formed at 4083,and a fall.Only then are stops brought down to the high of that pivot + room.And again at the next pivot.

We are NOT trading the 15/20min charts........we seek the help of the 15/20 when we get vertical bars with no pivots......we seek the help of the 60 for an overall viewpoint and for some key candle reversals.Other than that,it's only 30min all the way.

And No Rakesh........a pivot break on the 15 does not in itself give you a reversal......

Saint

Thank you Saint for reiterating, what has otherwise been a simple & straight forward method.

I was getting confused in seeing people jumping to lower TF (20/15/10...) at the drop of hat, which I beleive negates the essence of the method.

Now it is doubly clear as to do what.

Cheers

 

[Saint]

We always traded pivots on 30 in this thread.15 or 20 only if pivot on 30 not very well visible. I find that there is a tendency to abandon 30 and shift to 15 immediately to have small stoplosses and early reversals.But you have to pay the price by way of false starts,more trades,more brokerages and above all more hectic trading.

Best Wishes,

Smart_trade

Ditto the above.....Thanx Smart Trade!

Saint

 

[ratan jain]

Saint can you please explain when can we reverse on "a pivot break on the 15", and when to avoid it.

Thanks

Exactly my question too

 

[Saint]

Thanks a lot Saint...understood most of it. So we look at 15/20 only to get a clearer perspective of a pivot, which may appear tiny one on the 30...and in vertical moves.

But Sir....I got confused because I saw a few traders place a SAR order at that PH on 15/20. So you are saying that....doing it was wrong. We should have only placed a stop order at that pivot on 15/20?

Sorry for pestering you so much, I think I am a slow learner. Kindly explain this one more time during this weekend or whenever you are free.

Sorry Again,
Rakesh

Go slow in the trailing of stops.......don't get gung ho and try to protect a Rs40 move by quickly moving stops.Not to forget that the majority of times the trend just goes in the same direction till the end.And the times,we get a reversal,all time frames will converge and give you an indication.

There are times when after 2 bars on the 30,it makes a turn around and continues to go the 2nd direction till the end.Stops would still be at the same place above the first bar high + room,.......allow the stop to take out and reverse.

Go slow on the trail stops....therefore the 4 HH-HL bar rule and the Pivot on 30 rules.

Saint

 

[ratan jain]

Thanks a lot Saint...understood most of it. So we look at 15/20 only to get a clearer perspective of a pivot, which may appear tiny one on the 30...and in vertical moves.

But Sir....I got confused because I saw a few traders place a SAR order at that PH on 15/20. So you are saying that....doing it was wrong. We should have only placed a stop order at that pivot on 15/20?

Sorry for pestering you so much, I think I am a slow learner. Kindly explain this one more time during this weekend or whenever you are free.

Sorry Again,
Rakesh

You people are saving me typing time by EXACTLY voicing my questions... I think this means we are all more or less thinking alike..

 

[Saint]

Saint can you please explain when can we reverse on "a pivot break on the 15", and when to avoid it.

Thanks

When you get a buy signal,and the 30 is very much bullish.......the idea is to not get out of the trade following a correction on the 15....Meaning we still hold on to our longs.

There are times when you will get a pivot break on the 15,20,30 and a reversal candle on the 60........then all is clear.

Sometimes you get a vertical move up and no pivots on the move up........then only are we using 15/20 pivots.

Saint