Going with the Intraday Mini-Flow!!
- Thread starter Saint
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Re: Saint's Intraday Miniflow - live discussion
Uncle wants to buy now **** ha ha ha
I had a friend , a surd, who had lost a ton in the tech crash of 2000.
In Sept 2006 0ne fine day he came to me and said " sir, i am thinking of entering the market now.This time it is a bull run for 20 years".
i remembered Roosevelt and started selling from that day and was out of the market by Jan 2007.:clapping::clapping:
Uncle wants to buy now **** ha ha ha
I had a friend , a surd, who had lost a ton in the tech crash of 2000.
In Sept 2006 0ne fine day he came to me and said " sir, i am thinking of entering the market now.This time it is a bull run for 20 years".
i remembered Roosevelt and started selling from that day and was out of the market by Jan 2007.:clapping::clapping:
Re: Saint's Intraday Miniflow - live discussion
Additionally... the prices have treacherously made a double top near this well established trendline. Break of this TL could set all hell lose!
i see a gap at the trendline level.
If this is filled, and it must sooner or latter, then support exists at 3200 or so.:clapping:
Additionally... the prices have treacherously made a double top near this well established trendline. Break of this TL could set all hell lose!
If this is filled, and it must sooner or latter, then support exists at 3200 or so.:clapping:
Re: Saint's Intraday Miniflow - live discussion
Ok...Amit ,since you asked I am posting why I exited my position well in time today in the afternoon, I would have never posted all this because we have lot of new guys...and it should not happen that it gets wrongly interpreted that this is how one should trade and dump the position at the first sign of trouble.....far from it....in miniflow the real money comes from adds and holding the profitable position till the end. So I request all to take the below mentioned points in proper perspective and in correct thought process.
When we trade miniflow we have to continuously see what the market is doing,what the market leaders like RIL,ONGC are doing....You have to rise above just following the rules if you want really superior returns from the market.
1) In the afternoon,I reversed to long and also added once mkt cleared 3680 and once it went above 3700 I was happy that market is taking a breakout
2) At the top ,if you see there are series of resistances around 3700. They are 6th May top,8th May top ,yesterday's 3:30 top,today morning session top and market broke all that and went to 3722...so far everything great....
3) On 15 min TF 2:15 bar was a WRB...then 2:30 bar smallish bearish bar...2:45 bar small bullish bar....ok ....and suddenly mkt started selling....I liquided all long position the moment it broke 3700 on downside...and I was out of all position between 3700-3690 as the upward breakout after 4 attempts was failing miserably.... If it had gone above 3710,I would have taken back the sold position....
In fact some short term systems mkt going below 3700 was a valid sell signal with SL 3723 in view of what is stated above...
4) 2:35 was a PL on 5 min and it had a good distribution in 5 min TF (4 sideways bars and then crack of PL)
5) One of the long term systems I follow has given a sell on daily TF
6) A WRB on 15 getting completely negated and then cracking of PL on 15 min was the Miniflow signal to reverse....we should not have stayed in long below the PL in 15 min .
Request every one to take the above in proper context and understand the reasons for getting out early....
Best Wishes,
Smart_trade
Ok...Amit ,since you asked I am posting why I exited my position well in time today in the afternoon, I would have never posted all this because we have lot of new guys...and it should not happen that it gets wrongly interpreted that this is how one should trade and dump the position at the first sign of trouble.....far from it....in miniflow the real money comes from adds and holding the profitable position till the end. So I request all to take the below mentioned points in proper perspective and in correct thought process.
When we trade miniflow we have to continuously see what the market is doing,what the market leaders like RIL,ONGC are doing....You have to rise above just following the rules if you want really superior returns from the market.
1) In the afternoon,I reversed to long and also added once mkt cleared 3680 and once it went above 3700 I was happy that market is taking a breakout
2) At the top ,if you see there are series of resistances around 3700. They are 6th May top,8th May top ,yesterday's 3:30 top,today morning session top and market broke all that and went to 3722...so far everything great....
3) On 15 min TF 2:15 bar was a WRB...then 2:30 bar smallish bearish bar...2:45 bar small bullish bar....ok ....and suddenly mkt started selling....I liquided all long position the moment it broke 3700 on downside...and I was out of all position between 3700-3690 as the upward breakout after 4 attempts was failing miserably.... If it had gone above 3710,I would have taken back the sold position....
In fact some short term systems mkt going below 3700 was a valid sell signal with SL 3723 in view of what is stated above...
4) 2:35 was a PL on 5 min and it had a good distribution in 5 min TF (4 sideways bars and then crack of PL)
5) One of the long term systems I follow has given a sell on daily TF
6) A WRB on 15 getting completely negated and then cracking of PL on 15 min was the Miniflow signal to reverse....we should not have stayed in long below the PL in 15 min .
Request every one to take the above in proper context and understand the reasons for getting out early....
Best Wishes,
Smart_trade
Re: Saint's Intraday Miniflow - live discussion
I was looking at historical charts to study how to avoid/limit loss today's kind of days.
I am sure that you have a lot of techniques in hand by your experience and it will be favourable for us if you can occasionally share with.
My question here is... do we need to apply 2bar rule when the four bars are not like almost filled and they are chained...I mean...see the image below.
I was looking at historical charts to study how to avoid/limit loss today's kind of days.
I am sure that you have a lot of techniques in hand by your experience and it will be favourable for us if you can occasionally share with.
My question here is... do we need to apply 2bar rule when the four bars are not like almost filled and they are chained...I mean...see the image below.
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Re: Saint's Intraday Miniflow - live discussion
Actually Hari the 2 bars method has to be used when we have a long move,1-2 large bars/WRBs, but in miniflow we tend to use 2 bars rule on small bars in our anxiety to bring the SAR down...even when the PH/PL is nearby....we would have never considered 2 bars rule on tiny bars and sideways move in
60 min flow....on choppy day we should stick to pivots....but then tradeoff is SAR is far.....
ST
I am looking at historical charts to study how to avoid/limit loss today's kind of days.
I am sure that you have a lot of techniques in hand by your experience and it will be favourable for us if you can occasionally share with.
My question here is... do we need to apply 2bar rule when the four bars are not like almost filled and they are chained...I mean...see the image below.
I am sure that you have a lot of techniques in hand by your experience and it will be favourable for us if you can occasionally share with.
My question here is... do we need to apply 2bar rule when the four bars are not like almost filled and they are chained...I mean...see the image below.
60 min flow....on choppy day we should stick to pivots....but then tradeoff is SAR is far.....
ST
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