Going with the Intraday Mini-Flow!!

[orderflow13]

Thanx Alex, but dont think we can short Nifty BeES!!! One has to trade in futures to Short, maybe Mini Nifty is the nearest solution/alternative to Paper trades.

Agreed sir,
But recently few starters asked me shall i buy call/put ( that also very out of money) instead of nifty or mini nifty ?as there account doesnt hv enough margin.I was like dont come to derivatives untill u hv 2 lk in account and if u want to learn do paper trade.
Seems nice option, i didnt notice it b4 so no idea about spread( seems like 1 rs spread as m looking it by investment angle,for me spread doesnt matter,) for intraday players anyhow they r sq off there shorts also on single day, so that wont be a problem either.
Thought to share, it
Regards

 

[Saint]

Covering last third.......3839

Saint

 

[orderflow13]

Saint, Smart_trade, Aabhi,
Please post the reasons for exiting partly between 2.39 and 3.01 !!! Todays risk was ~59 points!! That level of profit has just reached at 3830!!
Have i missed any trading rule pertaining to Exits!!!

thanks for echoing me

 

[rkkarnani]

Agreed sir,
But recently few starters asked me shall i buy call/put ( that also very out of money) instead of nifty or mini nifty ?as there account doesnt hv enough margin.I was like dont come to derivatives untill u hv 2 lk in account and if u want to learn do paper trade.
Seems nice option, i didnt notice it b4 so no idea about spread( seems like 1 rs spread as m looking it by investment angle,for me spread doesnt matter,) for intraday players anyhow they r sq off there shorts also on single day, so that wont be a problem either.
Thought to share, it
Regards

Very true about squaring off EOD, so no problem in Shorting!!! Had overlooked it, was more focused on the 60 minutes flow thread!!!
Thanks.

 

[ThE HaMmEr]

covering last third at 3829

 

[Smart_trade]

Saint, Smart_trade, Aabhi,
Please post the reasons for exiting partly between 2.39 and 3.01 !!! Todays risk was ~59 points!! That level of profit has just reached at 3830!!
Have i missed any trading rule pertaining to Exits!!!

There are no rules specified for booking profits except that when you get profit equal to initial risk,you may take off 1/3 rd position.

But that is not the reason I booked initial 2 lots .We had 3-6 bars on 30,20 and 15 and the mkt was not making any progress on the short side and this is the reason I decided to take off some of the positions. All time frames were showing very flat mkt that time hence partial profit booking was done.

Best Wishes,

Smart_trade

 

[rkkarnani]

There are no rules specified for booking profits except that when you get profit equal to initial risk,you may take off 1/3 rd position.

But that is not the reason I booked initial 2 lots .We had 3-6 bars on 30,20 and 15 and the mkt was not making any progress on the short side and this is the reason I decided to take off some of the positions. All time frames were showing very flat mkt that time hence partial profit booking was done.

Best Wishes,

Smart_trade

Okay, that is where Saint advised to move the SL to 3880!!! So wud it be correct to say that as per rules we shud have movedthe SL to 3880 and not exit!!! Ofcourse no harm in exit but trying to get the 'rules' clear!!!
Thanx!

 

[Smart_trade]

Okay, that is where Saint advised to move the SL to 3880!!! So wud it be correct to say that as per rules we shud have movedthe SL to 3880 and not exit!!! Ofcourse no harm in exit but trying to get the 'rules' clear!!!
Thanx!

Yes,that would have been quite correct.

Smart_trade

 

[ThE HaMmEr]

CLICK ON THE PICTURE BELOW TO SEE THE TRADES FOR THE DAY.........

TRADE 1 --- > - 38 POINTS

TRADE 2 --- > + 60.90

OVERALL --- > + 21.10

PLEASE LET ME KNOW IF ANYTHING IS MISSING......

REGARDS

NEERAJ



*modified .... now chart is with 1 add.........

 

[kapil123]

CLICK ON THE PICTURE BELOW TO SEE THE TRADES FOR THE DAY.........

TRADE 1 --- > - 38 POINTS

TRADE 2 --- > + 60.90

OVERALL --- > + 21.10

PLEASE LET ME KNOW IF ANYTHING IS MISSING......

REGARDS

NEERAJ

Missed the action today because of problems with internet.
Though I did not trade today, I think there were two adds possible today. One at 3883 and another at 3852.