Going with the Intraday Mini-Flow!!

[SamFisher]

.... We are gaining because of other people's laziness who dont want to spend even 10 min. thinking before putting in 10 lks. so why not seperate such unwanted money from its careless owner.

hmmmm.....prabhjeetrana, Now I know who took all my money past 6 months !

Thanks for reminding though if I am not carefull now

 

[Prabhjeet]

Your active participation in this forum itself shows that you are not the Lazy Bones I am talking about Sam

 

[ratan jain]

And one more thing, discipline is not only reqd. in Trading or Armed forces, it is required in each and every field to be sucessful. I as a Doctor know that to be the greatest I have to follow the discipline of the greatest and I have a responsibility towards my patients which never lets me become irresponsible or might I say I have to be DISIPLINED all the time.

Regards

As a doctor, if u use terminology like "execute the trade "and "pull the trigger", and " once in a while we do go wrong, so what, move on " in front of patients I am sure you will have a lot more time to trade due to patients running away from you

 

[Prabhjeet]

Ha..was expecting something from you Ratan, actually I wont put mangoes into my chicken fry just because mango tasted so well in a Mango milkshake, right?

So I have different ingredients for different foods and I never interchange ingredients of one recipe with the other

 

[novice1]

Posting Nifty futures chart and the trades done marked on it.

Smart_trade

Profit/loss figures as under :

Initial posn 3 Lots loss 56 points,2nd trade (long 3 lots plus add 3 lots average profit 2 points on 6 lots)

Overall loss 52 points on initial posn = 52x150 = Rs 7800/- within permissible limit as per my money management.

ST,

What is your logic in closing the longs at whatever price which you did (avg of 3970 as per your charts ?)

Is it that you do not carry forward the position to the next day ?

 

[novice1]

MJ,

A gentle reminder : waiting for your process flow chart

Regards

 

[musicjunkie]

MJ,

A gentle reminder : waiting for your process flow chart

Regards

I logged onto my computer to make that chart at 2:05.
Now I check you posted this at 2:02. There is some serious connections developing in this thread.
I'm done with it. Just worried I might have missed something, so please do Post If I missed anything, Ill re-upload it in that case.

PS: I have a tendency to make things overly simplistic.

MJ-

 

[musicjunkie]

We follow the 30min charts.
Adds at Pivot break on 30min charts.

Exit at EOD and in parts if you wish.
And ofcourse take something off the table once risk=current market price (in profits)


That is preference ofcourse.
MJ-

 

[rajfal]

We follow the 30min charts.
Adds at Pivot break on 30min charts.

Exit at EOD and in parts if you wish.
And ofcourse take something off the table once risk=current market price (in profits)


That is preference ofcourse.
MJ-

Excellent effort......mj

Just a little correction, while using 4 bar method, we look for higher highs and higher lows for longs and vice versa for shorts.

 

[vpsarathy]

MJ,

Yesterday we used LOD as SL after reversing. Pl mention this too. What if a WRB forms?
Add this too in the chart please.

vps