Going with the Intraday Mini-Flow!!

[lvgandhi]

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

Thanks for your patience and also for educating me. I am analysing your chart to learn what to do in various situations. One doubt whether add filter is 5 for pivots and 7 for WRBs in NF case?

 

[musicjunkie]

Hi Saint,
Had a few Questions

When is the exact place to add? WRB's work well?

Are you in the midst of tweaking this method further? (candlestick patterns etc..)

You mentioned a back test of a year, If too busy to post charts maybe points lost/earned each day can be posted here instead. We can then put entry/exit levels and help you out in positing the chart.

Regards,
MJ-

 

[Saint]

Hi Saint,
Had a few Questions



Are you in the midst of tweaking this method further? (candlestick patterns etc..)



Regards,
MJ-

It's sometimes scary to see everyone thinking the same thoughts.......got up today,wanted to tweak using candlestick patterns and a few others.........and voila,there already is a post here from yourself before I could even say anything.

Saint

 

[Saint]

Thanks for your patience and also for educating me. I am analysing your chart to learn what to do in various situations. One doubt whether add filter is 5 for pivots and 7 for WRBs in NF case?

hmmm,actually a good idea,....must go back and check it out again .

Saint

 

[Smart_trade]

Posting summary of trades in Nifty Fut on 3-10-2008

1) Trade No 1 : Long at 3915 + 14 = 3929 SL 3897-7=3890 Posn 3 lots
Loss booked at 3890 or 39 points Total Loss 39x150=
Rs 5850/-

2) Trade No 2 : Short at 3897-7 =3890 SL 3942+7 = 3949 Posn 3 Lots

Add shorts at 3857-5= 3852 SL trailed to 3891+7=3897 Add 3 Lots

Average price of 6 lots (3 initial + 3 adds) = 3871

Profits booked at 1/3 at 3847,1/3 at 3850 and 1/3 at 3837

Average price at which booked : 3845
Profit in 2nd trade = 3871-3845 =26 x 300 = Rs 7800=00

Net Profit/Loss for the day : 7800-5850=Rs 1950=00

Unable to post the chart as the data downloaded shows intraday data after 11=30. I am sure somebody can post the chart.

Best Wishes,

Smart_trade

 

[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

Hi Dear reji,

I was thinking of 30 moving filter,15 for SAR and 7 for adds.This combination seems to eliminate whipsaws and false starts

Best Wishes,

Smart_trade

 

[ratan jain]

Could anyone analyse 4th of june 08 based on this system?

According to me there are quite a few stops and reversals, and if I or anyone here could understand that one day, a lot of questions about stop and reverse could be answered for everyone here. It would be a perfect example of how to go from long to short to long and such things.

Also, it would also confirm my understanding about the system..
Also, would the 12pm bar be called 4 bearish bars ina row, prompting us to mover stops and not sar to the high of two bars back?

And yes, call me dumb, but a reiteration wont hurt.. when do we drop down to 15 mis for pivots? when we feel that a pivot is almost formed on 30 but not visible on 30 so we drop to 15?

Like on the 23rd of June 08 the 12 pm bar is a doubtful pivot so we drop to 15?

 

[alokdaga]

Saint - I was waiting for your guidance for my query. Do try to guide as per your convenience.

Regards

Alok

 

[Smart_trade]

It's sometimes scary to see everyone thinking the same thoughts.......got up today,wanted to tweak using candlestick patterns and a few others.........and voila,there already is a post here from yourself before I could even say anything.

Saint

Saint,

Please allow me to share my views here. I am not in favour of too many tweaks as overoptimisation kills the efficiency and robustness of the system.Also in fast markets the system has to be very simple to understand as we have to take our trades,adds,profit booking etc and how many things are we going to monitor ?Pivots,WRB,Pivots on 20/15,bars with long tails,4 up/down bars,2 bars high/low,now new candlestick patterns and something else ......

I would prefer to consider the system in present form (which is doing pretty well...so lets not fix something unless it is broken) as a broader canvass which Saint has provided and everyone can have his choice of the brush and colours to be used to complete a beautiful painting at the end of the day....

Thanks, was sharing my views only ....

But still a tweak or two to improve profitability is most welcome,and who says I am not greedy ?.....

Best Wishes,

Smart_trade

 

[lvgandhi]

Dear Saint,
Sorry to bother you.
Once again I need clarification on your chart posted for sep 2008 second half.
For 16th Sep,
Gone short at 4th bar from low of third bar having value of 3971-7=3964. You have written reversal at 3994 which, I feel works out high of 4th bar 3987+7=3994. We have a pivot in third bar at 4017. Should we go long above pivot formed in third bar or from the last bar high+filter because the new bar low is higher PL.