Going with the Intraday Mini-Flow!!

[TFL]

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

Today in BANK the Pivot+Days High was near by...
But I took the 2 bar stop rule and reversed to long.
We should have kept our SAR at days high itself and was only one trade in BankNifty...that too a profitable one...

Like this dear ST...?

 

[jamit_05]

Re: Saint's Intraday Miniflow - live discussion

Very True Hari...
In fact, I personally invoke the 2 bar rule only if atleast one of the bars in the 4 bars is WRB or atleast has a decent body. Moreover, I do not like to count any inside bars.

 

[nebujvs]

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

Thank you ST Da

This is what i am looking for.

Sure it will make more profitable trade

JV

 

[nebujvs]

Re: Saint's Intraday Miniflow - live discussion

Off topic...
Here its hitesh
http://www.caske2000.org/survival/coconutclimb.htm
http://www.metacafe.com/watch/929577/how_to_climb_a_coconut_tree/

Teach me hindi :clap:

Yes Hari

We can learn Falling from Coconut tree from Todays Charts.

:lol:

JV

 

[hitesh05]

Re: Saint's Intraday Miniflow - live discussion

Yes Hari

We can learn Falling from Coconut tree from Todays Charts.

:lol:

JV

Hi john,

ur not seen today?

 

[aimer]

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

ST_DA if we dont consider this as 2 bar rule then where should have been the SAr. will it be 12bar high+sf.
in that case to long would not have been triggered. but yes in such a situation the SAR is very high and if it gets triggered it will take out every thing within us.
plz comment on this DA
Thanks
Raj

 

[TFL]

Re: Saint's Intraday Miniflow - live discussion

ST_DA if we dont consider this as 2 bar rule then where should have been the SAr. will it be 12bar high+sf.
in that case to long would not have been triggered. but yes in such a situation the SAR is very high and if it gets triggered it will take out every thing within us.
plz comment on this DA
Thanks
Raj

Raj, We consider two bar rule...ST meant we should consider only when bars are perfectly formed and pivot is not near by...

The the SAR was at 12 Bar High. That was not that too far. Normally if SAR hit in BANKNF it will be bar near 100 point loss and not like NF and vice versa when profit happens.
But we have already taken part profit at the reversal signal after the 4 down bars.
Then if the 12 bar high was hit...no big loss...no problem...

In other case...if the SAR was straight away hitting without having par profit booking, the loss was somewhat high...but that should never took everything in us...since we have a hidden money management thing in each trade.

 

[jatayoo]

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

ST Da
Thanks for the clarification.
I have to happily admit that I take cues from the major index heaveyweights, RIL, INFY, ONGC,ITC.I trade RIL, & INFY, rest I just watch.With this I open the NF.Sometimes Educomp.
Did not admit this earlier as I thaught it would not be appropriate on this thread.
Secondly, while ST Da was off for some meeting at 3.30 pm, I thaught that let me try to understand the reason.I saw the reversal from the 5 min trendlines ... both the bullish pullback and the counter bearish breakdown.
Next, I drew the fibonnachi fanlines and was amazed to see that the same picture emerged.The fibonnachi part i reject as a fluke but the trendlines convince.
Whatever it may be, I thaught, the mumbaikars and the fat gujju brokers have emptied each others pockets by breaking all the stops in both directions within 45 minutes.... and the retail guys as well.:clapping::clapping:

 

[jatayoo]

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

Thanks ST Da
I think that your explanation is convincing.It is large bars / WRB's ....otherwise follow the pivots.
Right Sir?:clapping::clapping:

 

[jatayoo]

Re: Saint's Intraday Miniflow - live discussion

The chart below illustrates what i said in above post pl : --

:clapping::clapping: