Going with the Intraday Mini-Flow!!

[orderflow13]

please clarify on this
At the start of the day,We get in to a position after break of first 5 min candle + 14 room, i think i read some where, saint mentioning the importance of the way we break the 5 min bar, the break of 5 min bar must be upthrust bar,it must be convincing break, but looking at todays chart, we have got a spinning candle break ( or simply put non convincing break, as candle is small with larger upper shade)
ignore it if its addition in confusion and clarify me if iam missing something

 

[Smart_trade]

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.........

Thanks for the chart Neeraj, we took an add at 3852 would you not like to show this add on the chart ? Or am I missing something ....???

Smart _trade

 

[Prabhjeet]

Hello everyone, my internet connection just gave away at 2.15, so I had no charts to follow. I kept my stoploss at 3898 which was pivot hi then .

I entered 3 lots at 3930
Reversed 3 lots at 3890
Added 1 lot at 3852
Covered 4 lots at 4 pm at 3840

Total profits booked = 42 pts= Rs. 2000

 

[Smart_trade]

Typo Prabhjeet, sure you meant 3852 and 3840 . We came out quite well on a day like today !!!

Smart_trade

 

[Smart_trade]

I am monitoring Aban as a likely candidate of mini flow.It gave a great move today with clear adds. It was a daytraders' delight today !!!

Smart_trade

 

[Prabhjeet]

Correct ST, I have been having a look at ABAN since last some days, its a strange stock, will do nothing for days together and then it goes Ballistic, crazy stock I tell you

 

[HEM]

THE METHOD:



ADDS:No adds except in a clear trend move........we have a rally in an uptrend on the 60,just formed a wrb,or we get a pivot on the 60min,and the Pivot Highs are taken out,we are doubly sure about the trade.....yes,we are looking to add.Most often than not,we are looking to stay put with our initial posns.Unlike the 60min Flow,only one ADD after initial position,and then it's all trail stop.






what is the meaning of wrb ?

 

[novice1]

THE METHOD:



ADDS:

what is the meaning of wrb ?

WRB=Wide Range Bar. See the previous posts for charts with explanations about WRB

I have attached a copy of the image saved while reading that post. I do not take credit for the chart. The chart is the courtesy of the author (sorry forgot the author's name)

 

[lvgandhi]

Dear Saint,
This is once again with ref to SEP2008 chart posted by you.
For Sep 9th, in my chart
10:00 h 4458.35 l 4448.1
10:30 h 4466 l 4440.95 Red candle.
11:00 h 4462 l 4447.8
11:30 h 4472.4 l 4455.8

As per your chart, long at 4462 and add at 4478.
I would like to know how the entry value was arrived at. Either my chart values are wrong OR I am missing something. Kindly educate me regarding the entry.

 

[Smart_trade]

THE METHOD:



ADDS:No adds except in a clear trend move........we have a rally in an uptrend on the 60,just formed a wrb,or we get a pivot on the 60min,and the Pivot Highs are taken out,we are doubly sure about the trade.....yes,we are looking to add.Most often than not,we are looking to stay put with our initial posns.Unlike the 60min Flow,only one ADD after initial position,and then it's all trail stop.






what is the meaning of wrb ?

wrb means wide range bar.It is a bar which has a very large range compared to other bars.

Smart_trade