Going with the Intraday Mini-Flow!!

[novice1]

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-

Thanks MJ for your time and effort.

You are right about "serious connections".

Will go through the flow chart and get back if and when needed.

Regards

 

[novice1]

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-

Of course, it is quite obvious for the people who follow this thread. But for the benefit of "newbies" I would like to add that high+filter would be the stop loss instead of just the high and that too it would be SAR. Just my 2 cents

Also we do not carry our position overnight.

For people following 60 Mins flow: the trade may be initiated which may be in the opposite direction of the 60 Min flow. And as Saint as advised we need to don TWO HATS to manage these 2 positions.

 

[vvvv]

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-

sum doubts.
(1) adds at pivot break on 30....did not read abt it anywhere or saint has specified it & i missed it.it was supposed to be at wrb's.
filter of 5 is reqd or not.
do u add at 20 min pivot breaks if u dont get pivots on 30 min

(2) at SAR point from short to long...initial stoploss at SAR is below the previous pivot low on 30min or 20min???

 

[sd_singal]

ST I myself know what makes people go towards army nowadays but think of it even if 1 out of 100 men joined just out of patriotism then we could easily justify these people as National heroes.

BTW, do you know any other profession where people have to sacrifice their lives other than Defence people, I know none. So lets not loose our respect for these great people just because of few rotten eggs that lie in between

Yes, our forces are doing a great job and deserve glory, respect and fair pay package. You can feel their presence every where in the country, let it be Sunami, Floods in Bihar or Hostage drama in Jammu. They are living in tough conditions and just think about those soldiers posted in Siachin or those sailors sailing in rough sea. They dont have trade unions to represent and to play vote bank politics.

But, the other side of the coin is not so bright. The major problem in our forces is lack of professionalism and morale of its men, especially at the bottom level. It is due to the fact that Military top brass are much worried about conducting ceremonies, VIP visits, Parties, Area maintenance etc than concentrating on profession. The increasing pre-matured retirements are not due to the lesser pay package, but in search of a better atmosphere where ones profession is respected and nonsense and ceremonies are less.

Discipline has a different definition in Military and it is very much mixed up with slavery. Following rules and regulations should be the meaning of Discipline. But here it means you are not supposed to open your mouth in front of your superiors whether they are right or wrong and if you dont follow even an illegal order you will be considered as an in-disciplined and immature. Three of our ex-Naval Chiefs; Admiral Nanda, Admiral Sushil Kumar and Admiral Arun Prakash are under CBI scanner for their patriotic and disciplined contributions while in service.If you are good in Polishing your boss and best in harassing your subordinates you are considered as a well matured man there.

The extra power that the Military leaders enjoying like stoppage of leave, fast trials etc are to tackle war and emergency situations. But they are used indiscriminately in day to day life. Even a Brigadiers visits in a Unit makes the life horrible there and enough VIPs are available there to visit through out the year. If a Jawan asks for leave to visit his ailing mother, the Boss will talk about patriotism and service requirements and at the same time dont hesitate to send this Jawan for accompanying his madam for marketing or children to go to school. Let us do not mix up discipline, patriotism, war, service etc for personal gains.

It is not the right place to discuss all these things, but just as our market is closed today.

My post is not to hurt anybody, but just trying to remind the concerned personnel (if read it) about the importance of quality and talent at every level of our forces. Let our force be a Professional one with highest degree of morale.

Jai Hind

 

[vpsarathy]

.....and to confidently trigger the reversal,this 4th candle should also have been bearish.Which so far it doesn't look like it.

Stops where they are.......we need something more from some timeframe to do anything about the way things stand.

Saint

Saint,

The point understood. But if the t\4th bar were bearish, should we wait for the 4th bar to complete or not. I have been asking this question for the last 2 days. No answer from you at all.
vps

 

[ThE HaMmEr]

Saint,

The point understood. But if the t\4th bar were bearish, should we wait for the 4th bar to complete or not. I have been asking this question for the last 2 days. No answer from you at all.
vps

friend....yes we wait for it to complete............as b4 completion u wont knw perfectly abt that bar........there may b a new high.....or new low......in dat time frame........

seniors please confirm......and correct me if i am wrong......

 

[rakeshluthra430]

Yes, our forces are doing a great job and deserve glory, respect and fair pay package. You can feel their presence every where in the country, let it be Sunami, Floods in Bihar or Hostage drama in Jammu. They are living in tough conditions and just think about those soldiers posted in Siachin or those sailors sailing in rough sea. They dont have trade unions to represent and to play vote bank politics.

But, the other side of the coin is not so bright. The major problem in our forces is lack of professionalism and morale of its men, especially at the bottom level. It is due to the fact that Military top brass are much worried about conducting ceremonies, VIP visits, Parties, Area maintenance etc than concentrating on profession. The increasing pre-matured retirements are not due to the lesser pay package, but in search of a better atmosphere where ones profession is respected and nonsense and ceremonies are less.

Discipline has a different definition in Military and it is very much mixed up with slavery. Following rules and regulations should be the meaning of Discipline. But here it means you are not supposed open your mouth in front of your superiors whether they are right or wrong and if you dont follow even an illegal order you will be considered as an in-disciplined and immature. Three of our ex-Naval Chiefs; Admiral Nanda, Admiral Sushil Kumar and Admiral Arun Prakash are under CBI scanner for their patriotic and disciplined contributions while in service.If you are good in Polishing and best in harassing your subordinates you are considered as a well matured man there.

The extra power that the Military leaders enjoying like stoppage of leave, fast trials etc are to tackle war and emergency situations. But they are used indiscriminately in day to day life. Even a Brigadiers visits in a Unit makes the life horrible there and enough VIPs are available there to visit through out the year. If a Jawan asks for leave to visit his ailing mother, the Boss will talk about patriotism and service requirements and at the same time dont hesitate to send this Jawan for accompanying his madam for marketing or children to go to school. Let us do not mix up discipline, patriotism, war, service etc for personal gains.

It is not the right place to discuss all these things, but just as our market is closed today.

My post is not to hurt anybody, but just trying to remind the concerned personnel (if read it) about the importance of quality and talent at every level of our forces. Let our force be a Professional one with highest degree of morale.

Jai Hind

Looks like you are from Army..or have your close familiy member in it.

Whatever you have said is absolutely correct....I too faced a lot of these problems. But the root cause of all these lies outside the services, not in it. I can give you a very detailed analysis of whats wrong and whats right with defence...but why waste everyones time here.

So lets leave it at this....and hope that someday our country wakes up to the plight of the services.

Rakesh

 

[Smart_trade]

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 ?

Yes novice1, this is a daytrading thread so we go flat at the end of the day so no carryforward of positions.

Best wishes,

Smart_trade

 

[Smart_trade]

friend....yes we wait for it to complete............as b4 completion u wont knw perfectly abt that bar........there may b a new high.....or new low......in dat time frame........

seniors please confirm......and correct me if i am wrong......

Correct,neeraj,VPS

Best Wishes,

Smart_trade

 

[pakatil]

Saint,

The point understood. But if the t\4th bar were bearish, should we wait for the 4th bar to complete or not. I have been asking this question for the last 2 days. No answer from you at all.
vps

Dear vps,

As I understand, completion of 4 Bearish Bars is essential to confirm DownTrend. Only on confirmation of the trend, SL is moved High of Bar2 - 7.

BTW, you have said in your earlier posts, that you will be trading live from tomorrow. Good Luck. All the Best

Cheers