Going with the Intraday Mini-Flow!!

[Saint]

Re: Saint's Intraday Miniflow - live discussion

Ambush trades are taken on lower timeframe...10 min for NF and others...for highlly volatile counters like Bank Nifty,take 5 min.

It is not a freestyle trading...far from it.It basically trades in the direction of higher timeframe and takes trades on breakouts/breakdowns from long accumalation/distribution,then patterns like flags,triangles,wedges or a higher PH/PL for buying and lower PL/PH for selling...then keep tight stoploss and book gains on first sign of move halting....

Smart_trade

Thanks ST.........great stuff as always!!:thumb:

Saint

 

[SavantGarde]

Re: Saint's Intraday Miniflow - live discussion

Two Words In Saint's Reply Reminded Me Of ........

"While Young People Know All The Rules, Older People Know All The Exceptions"

Happy & Safer Trading

SavantGarde

 

[jatayoo]

Re: Saint's Intraday Miniflow - live discussion

Thanks ST.........great stuff as always!!:thumb:

Saint

THANKS
Nothing on 'googling' the web.However, this is familiar territory.:clapping::clapping::clapping:

 

[jatayoo]

Re: Saint's Intraday Miniflow - live discussion

Jatayoo,Vineet has already answered your question.......hope it is clear.There is no reason for you to have raised your stops to 11 am low,stops where they are at 10am low.If filters are 17 and above,you had a No Trade Day.If filters were lesser,you were short and out stopped.

Only 1 Trade and that too stopped with no adds should mean nothing to your account or psyche,except a very frustrating day.

Saint

Thanks Saint Sir
Thanks Vineet
The concept and the error made by me is clear now.
I just want to share a thaught with you after thinking over the matter during the night. Sorry, if it wrong once again.But, perhaps this question may come up again.
1) On a 'gap up' day do not go short untill the 'gap' is filled and broken by the 'sf'.The 'gap' itself is a pretty good filter.
2) On a 'gap down' day do not go long until the gap is filled and broken by the 'sf'.
Yesterday, was a gap up day.Most of the charts seen by me have the same frustrating pattern with a little variation here or their.
For the 'NF' i switched the TF to the 60 min and have kept the position open which i intend to manage today on the same TF.

 

[jatayoo]

Re: Saint's Intraday Miniflow - live discussion

On the basis of the data for 07th may 2009 :-----
1) The 'sf' for NF needs to be 9
2) The 'sf' for MiniNifty needs to be 25.
I do not have the systems to backtest the same.Someone may kindly take over from here.:clapping::clapping::clapping:

 

[myvineet]

Re: Saint's Intraday Miniflow - live discussion

On the basis of the data for 07th may 2009 :-----
1) The 'sf' for NF needs to be 9
2) The 'sf' for MiniNifty needs to be 25.
I do not have the systems to backtest the same.Someone may kindly take over from here.:clapping::clapping::clapping:

no jatayoo ji ,

we will not change filter based on one failed trade..if we use this big filter it may effect our R:R..

we used to backtest every month & acc to me current filter works fine..

failure are part of every trading system but one thing is that loss will always be on our initial position...

vineet

 

[kapil123]

Re: Saint's Intraday Miniflow - live discussion

On the basis of the data for 07th may 2009 :-----
1) The 'sf' for NF needs to be 9
2) The 'sf' for MiniNifty needs to be 25.
I do not have the systems to backtest the same.Someone may kindly take over from here.:clapping::clapping::clapping:

As Vineet has rightly said, one failed trade does not mean one should change the filter. The chosen value should be optimal to prevent too many unnecessary trades and should not take out too much from the profits. By having too large a filter we might be saving one trade, but giving out that much profit on 10 others.

There would be some failed trades whatever filter or method we may choose.

Kapil

 

[bijovyppil]

Re: Saint's Intraday Miniflow - live discussion

Good morning dear friends,

So far the month is not so good for those who are doing nifty miniflow alone...never mind...we have a very strong method ..stick to basic rules..result will come soon..

happy trading

bijo

 

[lvgandhi]

Re: Saint's Intraday Miniflow - live discussion

Good Morning to All
NF 10:00 bar high 3717.4 Low 3700

 

[HEM]

Re: Saint's Intraday Miniflow - live discussion

Good morning to all
&
Best wishes to all :thumb:

NF:-
H - 3717.40
L - 3700

Mini NF:-
H - 3716.30
L - 3675.10

Bank NF:-
H - 5588
L - 5530