Going with the Intraday Mini-Flow!!

[Prabhjeet]

Wow what a rally, has Bush resigned. That can be the only good news rt. now

 

[vpsarathy]

It is a WRB Covering 80 PTS

VPS

 

[Prabhjeet]

BTW, long at 3952, stops at 3857

 

[vpsarathy]

seems as if you are trying to test my understanding of this system, though i am sure thats not the case.

See...how I see it is...on the 30 min, once we get a clear unidirectional trend, lets say we are short...and we should be making successive lower highs and lows, only then sould we move our stops by the 2 bar method.
Now what happens if we make lower lows (in downtrend), but not lower highs? In that case, we suspend this 2bar method. We ideally want both..but getting lower highs is more important. Likewise, if we are Long...we should be looking at making successive higher lows.

One more thing....I am as new to this system as anybody else here is. So I would love to be pointed out wrong. Aim is to learn...not to boost our egos by thinking we are right everytime.

Thanks a lot,

Rakesh

Rakesh,
You misunderstood. I donot want clarifications wrt todays 4th bar. I was talking in general. I understand the trend and LH/LL business.

vps

 

[Prabhjeet]

Alex we finally got the losses you were longing for...lol

 

[ThE HaMmEr]

BTW, long at 3952, stops at 3857

that is low of the day - 5....

isnt it supposed to be - 7 ...... sl - 3855??

 

[novice1]

we are now long at 3945 + 7 (which was sl)


can sum 1 please explain the sl for this......???

If 3985 get taken then the low of the day-filter becomes the S/L

Seniors please confirm.

 

[Saint]

that is low of the day - 5....

isnt it supposed to be - 7 ...... sl - 3855??

stops at low -Rs7

Saint

 

[Prabhjeet]

My terminal shows low of 3864, so sar at 3864-7 = 3857

 

[novice1]

My terminal shows low of 3864, so sar at 3864-7 = 3857

3862 as per tradeanywhere