Going with the Intraday Mini-Flow!!

[HEM]

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)

dear novice1 ,

thank you very much.

 

[HEM]

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

Smart_trade

dear Smart trade ,

thank you very much.

 

[rkkarnani]

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

Hi,
At the time of break, High+14 the bar must have been a big white candle, The 10 AMbar closed at 3915.80, next bar opens at 3914.10 and moves up to trigger the long at 3930!!! Now the price retraces and the bar finally closes as spinnning candle!!! So at the time of break it was surely a convincing one!!!
We cannot predict at the time of breach of our level where the bar shall close!!!
Just my view!!
Regards
R K Karnani

 

[Reji]

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

Hi Smart_trade

As you mentioned, it had a great downward move. But what parameter should we consider for the entry, SAR and add? Is it 20 /10 / 5? Chart attached.

Regards

Reji

 

[orderflow13]

Hi,
At the time of break, High+14 the bar must have been a big white candle, The 10 AMbar closed at 3915.80, next bar opens at 3914.10 and moves up to trigger the long at 3930!!! Now the price retraces and the bar finally closes as spinnning candle!!! So at the time of break it was surely a convincing one!!!
We cannot predict at the time of breach of our level where the bar shall close!!!
Just my view!!
Regards
R K Karnani

Ant there any solution? after break 5 min/10 min filter bar or something down the line? or its a part of game? bad hair day kind of and move on ....

 

[ThE HaMmEr]

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

friend...........system says only 1 add......dats y i have mentioned only 1.......

 

[Saint]

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.

Thanx LV........mistake there.

Your 14 point moving filter keeps you out of the trade till 4490,and close at 4488.........That 4458 high was accidentally seen as 4448,thanx again.

Saint

 

[alokdaga]

First 2 weeks of August 2008

Saint

Saint - on Aug 6th - after the trade is entered the 12.30 bar becomes a pivot in 30 min - don't we change the SAR to pivot in this case ? In your analysis we have not reversed on the pivot high+7. I will be grateful for your guidance.

Regards

Alok

 

[snehalchops]

Now,unlike the 60min Flow Thread.........not going to start off by defining the rules,what the Set-up is,how the position sizing should be.There definitely is a Strategy,a Set Up,a definite Plan,and the execution of that Plan.......but we shall definitely discuss it as we go along.Probably a month later.

The reason is very simple,.........I have been doing this particular method for only a few months now.And would like to see all angles of it before opening up a discussion.So,give me a Month........

I will be posting the trades here.......some may be at the time,not all can be immediately as juggling with many things at the same time.So,don't follow blindly what I am posting.Keep track ,if you would like,as to what this thread is up to,though..........

Basically,I have read,and been told,that Intraday Trading is all about Sophistication,.......sophisticated softwares,codes,indicators........This thread is,as always,only going to use charts,.....price and volume,as always.I have been told that a trader who trades intraday has to go down to 5min charts,2min,1min.......This thread is headed once again in the opposite direction,the exact time frame of trade,we shall talk about later........but have this feeling that Smart Trade,Nifty Chance,Rakesh among others would have it figured out in a few days.

In many ways,this thread is headed off in the opposite direction as to how normal intraday trading is perceived.........and yet,the similarities of a set Trading Plan and clear cut strategies are also there.

This thread is all about these trades,winning and losing,and let's see how things stand on Oct 15th.This entire method just may fall flat on its face.......or it just may not.So caution on blindly following,please.

This thread,like the previous one,is still about "Going with the Flow",it is still about being in the "NOW".....it's about Seizing that Moment and capitalising on it.

All the best!
Happy Trading!
Saint

Just waiting buddy...! with lots of hopes.

 

[alokdaga]

Just waiting buddy...! with lots of hopes.

Go through the thread - he has already posted his method and people are trading it !!!!