Going with the Intraday Mini-Flow!!

[Saint]

Great feast on holidays,Saints explanation and NC's charts.Great case study.

Understood all except 12 Noon PH on 15 at 4669.Saint are you seeing this as pivot because of 3 bars on 15 has almost same highs? otherwise it does not fit into LH,HH,LH pattern of the pivot. I would have surely missed this reversal had i been trading real time that day !!!

Smart_trade

Minor Pivot.....but crucial.You will come across at least one per day,as price exhausts itself.The very magic of this entire Pivot Strategy is this....that Pivot breaks see bigger moves in the beginning of the trend,and gets smaller,smaller,smaller,and then bursts in the opposite direction.

These minor pivots will soon stand out glaring at you with time,........in the 60min Flow,you can be trading obvious pivots,etc in the Pure Category,but here,every pivot counts....

All the best!
Saint

 

[Saint]

Offcorse the question was ratans but the reply by saint is for all of us Thank you saint as always
sikandar

Most welcome,Sikandar!

Saint

 

[ratan jain]

Got it Saint, extreme thanks again!

 

[orderflow13]

Minor Pivot.....but crucial.You will come across at least one per day,as price exhausts itself.The very magic of this entire Pivot Strategy is this....that Pivot breaks see bigger moves in the beginning of the trend,and gets smaller,smaller,smaller,and then bursts in the opposite direction.

These minor pivots will soon stand out glaring at you with time,........in the 60min Flow,you can be trading obvious pivots,etc in the Pure Category,but here,every pivot counts....

All the best!
Saint

hi
saint sir ,
is it something related with inside bar ?

 

[Saint]

Originally Posted by Saint
10:00 AM:Bar 1 has formed......H 4713,L 4681

10:15 AMrevious bar's high was taken out.....new High of 4716.80.But our filter keeps us out of the trade.Note:Although not that clear on the 30,more evident on the 15/20 is that price made an attempt at going to new highs and failed at breaking past our filter.This was Move 1.

10:45 AM:Move 2 happens......the lows are taken out.4681-7=4674 our entry price.Stop loss at 4717 + 7=4724

11:00 AM:All going to plan.

11:30 AM:?Bottoming Tails ......Switch over to 15min charts,not for any action,just to clearly see what is happening.Okay,we have a tiny bullish candle.......nothing to write home about.Let's see how the next candle on the 30 behaves.

12:00 noon:Another down move,another bearish candle on the 30.........now that mini bull candle on the 15 assumes great significance.I have me a small pivot.Now,guard is up,all attention on how the next candle behaves.Using the 4 bar rule,my stop is at 4686+7=4693.But that comes in if we don't have any pivots at all,even on the 15 .......here we have a pivot high of 4669.Reversal stands at 4669+7=4676

12:15 PM:The pivot highs are taken out......we are now Long.Note that we did not add to our previous position.Reason is did not get a pivot on the 15 or 30,no wide range bar as well.Anyway,we are long now on our intial position.

12:30 PM:The previous candle was a high volume wide range bar,now excited to add to positions.ADD 1 over the prev candle's high on the 15.viz 4687 +5=4692

12:45 PM:We had a multiple bar move down on the 30 to bring our attention to the 15 for greater clarity.Now we have this great big wide range candle on the 30........to observe what is happening within that candle,we are back at looking at the 15min charts.So we have a mini bearish candle......no problem,2 big candles on high volume on the 15,one big candle on the 30,well,price taking a mini-break....nothing to worry.

1:00 PM:Hmm.....another minor bullish candle on the 15...now we have ourselves a pivot on the 15 again,and a hanging man on the 30.....as said before,it's a coming together of all time frames.When there is conflict between the time frames,take the 30 as that is the principal timeframe.When all in unison,react accordingly.Stop loss to pivot low on the 15 and the low of the hanging man on the 30........4677-7=4670

1:30 PM:Short reversal triggerred......4670

1:45 PM:ADD 1 triggerred at 4640(previous pivot low)-5=4635

3:30pm:Exit all by close......roughly 4580.

Saint

Thanx NC.......

Saint

 

[Saint]

hi
saint sir ,
is it something related with inside bar ?

Yes Alex......especially after a sharp up move or down move,as in June 4th.Basically an even tie between bulls and bears after a big bull move which usually is followed by a change in trend.For us pivot followers,it gives us a minor pivot where we raise our stops and reverse when cracked.

Saint

 

[Saint]

Saint, you have clarified everything!
Just 1 small question..... suppose the 14 filter, is not triggered by 1 rs..... do we again give 14 rs to next bar?
Like on 23rd june 08 11 am bar

Ratan,

Yes,a moving filter,we want that first move to be strong enough to take out that Rs14 in one clean sweep........not that this protects us always.But some unnecessary trades can be done away with.

BAR 1:H 4223 L 4185
BAR 2:H4233 L 4200......................>No Trades
BAR 3:H 4242 L 4221......................>No Trades
BAR 4:H 4250 L 4211.......................>Short at 4221-7=4214

Saint

 

[Saint]

And another small question.. please...

On the 25th of june, is the 12:45 pm bar on 15 min a pivot? it looks small, but technically is a pivot. If we consider it, it takes us out of the long trade, and takes a short, and then reverses us to a long after a loss

Ratan,

Nope...not a pivot....but Ratan even if it is,want you to see how the trade would have been handled such that it wouldn't have matterred in the first place.

10:00 AM:H 4127 L 4093

10:15 AM:Buy triggers at 4141,stops at 4086

10:30 AM:Higher Highs and Lows....so far great going.Add 1 at 4170+5=4175

11:00 AM:One more higher high and low candle,but a mini tail.....a topping tail on the 15.....let us see if it breaks down....

11:30 AM:Nothing of the sort....neat trend move.....another higher high and low.We are now 4 candles HH-HL up,the 4 bar rule kicks in if no pivots found on the 15min charts.Nope....no pivots on the 15.Stops raised to the low of 2 bars back.viz 4110-7=4103

12:00 noon:Another HH-HL candle.....Any pivots on the 15?Nope.Raise stops to the low of 2 candles back.viz.4152-7=4145.

12:30 PM:First bearish candle on the 30.....move back to the 15.We have had 10 bull candles,and now price looking to rest a bit.

1:00 PM:Low of 4185....our stops remain where they are at 4145.Now what would have made us raise the stops and trigger a reversal short if it had hit?After that 12:45 bar on the 15,if price moved up and formed a lower pivot high and fell after that.......or......Price moved sideways a few candles and then broke down.We would have raised our stops and gone the other direction.Here,that did not happen.....a simple pullback,nowhere near threatening our stops.Turn to the 60 as well to confirm,2 strong bull candles after the first one,on good vols,followed by this bar which did not come anywhere near taking out the previous candle low on the 60,on lower vols...........Therefore,still looking bullish on the 15,30 and 60.So nothing to be done except Hold for now with stops at 4145.

1:30 PM:Another bullish candle,not yet to new highs though.

2:00 PM:A narrow range candle,a sideways move on the 15.

2:15 PM:Breakout from that sideways,ADD 2 triggers at 4229,as 30min pivots,and stops raised to 4183-7=4176

2:30 PM:HH-HL candle

3:00 PM:HH-HL candle....stops raised to 4195-7=4188

3:30 PM:Exit all at about 4240-ish.


Saint

 

[Saint]

Alok,

Was toying with the idea of holding initial stop losses then ....therefore that chart.

The way we are going abt now.......that bar would have taken out our previous pivot highs,we would have gone long,and the fall from there would have taken out our stops and we would be reversing again.

Sorry for the late reply......missed your post.

Saint

 

[niftychance]

Minor Pivot.....but crucial.You will come across at least one per day,as price exhausts itself.The very magic of this entire Pivot Strategy is this....that Pivot breaks see bigger moves in the beginning of the trend,and gets smaller,smaller,smaller,and then bursts in the opposite direction.

These minor pivots will soon stand out glaring at you with time,........in the 60min Flow,you can be trading obvious pivots,etc in the Pure Category,but here,every pivot counts....

All the best!
Saint

It will take us quite some time to start seeing things as you see, but with your help and continous guidance we will get there ...

Thanks Sir