Going with the Intraday Mini-Flow!!

[kapil123]

Smart Trade,

That query from Uthuman,.......that you needed a reply to.....any idea where that original post of mine is.Can't seem to find it.

Anyone?

Saint

Are you looking for this query?
http://www.traderji.com/day-trading-stocks/24071-going-intraday-mini-flow-205.html#post230351

 

[uthuman]

ENTRY:Allow the 5min bar,the first of the day to form......go long if the high + filter is taken out.Go short if the 5min bar low is taken out.Again with a filter.

MOVING FILTER:For the NF,put in a moving filter at Rs 14 on the 30min charts.......meaning that we want to trade the breakout on the 5 only if it shows strength enough for us to feel confident enough about that particular trade.Bar 1 high is 4312,Bar 2 high is 4320,Bar 3 high is 4330,Bar 4 high is 4337.........meaning we look on and not enter that trade.What we are looking for is a breakout bar,and not a sad excuse of a bar,with some tails.

Once that first bar is formed,we are basically looking to buy Rs14 over the high of that bar.and short Rs14 below the low of that bar.Once the entry is triggerred,presuming a long has been triggerred,stop loss is Rs 7 below the low of that bar.But only on trigger.

And another thing:We get a breakout,add the 14 to it.....and then trade breaks down,we are back to Rs7 for reversal entry,etc.This Rs14 is only for the trade that comes along with the first bar even if the first trade comes many bars later.Other than that trade,it's all Rs7 all the way.

STOP LOSS:Rs 7 below the low of the first bar once we get that breakout in case of longs.Rs 7 above the high once the shorts are triggerred.



Saint[/COLOR]

Smart Trade,

That query from Uthuman,.......that you needed a reply to.....any idea where that original post of mine is.Can't seem to find it.

Anyone?

Saint

Is this the one you are looking for saint.

 

[Smart_trade]

Post No 792 on P 80,Saint


Smart_trade

 

[Saint]

In Today's case,
BAR 1--High of 4172,Low of 4157..........we want the next bar to break past 4172+14=4186.Or go down below 4157-14=4143

BAR 2---High of 4180,Low of 4149.........we are still not in.We want the next bar to break past 4180+14=4194.

BAR 3----High of 4187,Low of 4165....still not in.We want the next bar to break out of 4187+14=4201.Or the low of 4165-7=4158 to get taken out.

BAR 4----High of 4192,Low of 4178......we are still not in.We want the next bar to break past 4192+14=4206.
Bar 5----high is 4214.25

Meaning at Bar 5 we go long at 4206,Uthuman.

At Bar 2,we neither have an upmove or a down move.From Bar 3,it is obvious that it is an up move.......in this example,Move 1 is the up move that started from Bar 3,and we got in at Bar 5.

Saint

 

[rkkarnani]

No mistake guys. 3699 is a valid pivot on 15 min. This will be discussed in detail at EOD.
In mini-flow as per Saint all Pivots have to be considered. In this case we switched to 15 min as no pivot was visible on 30 min.
Beethoven

(Posted in response to Beethoven but not directed at him alone)

It surely is an error as per my understanding of the system. (I am yet not trading it with real money, had traded only once and found the funda was not very clear to me).
The question arises : When do we refer to 15 min./20min. TF chart!!!?? My view is when short the candles stop making a Lower Low!!! (Higher high in case of Long trades). All this in our primary chart of 30 minutes!!
May be people have the view that they continuously monitor the 20/15 min.TF chart, but then they should also monitor the 60 min. chart too continuously.
If you look at todays chart in 20 minutes there is no Pivot, yes there is a Pivot in 15 minutes ( I prefer to call it a minor pivot), but the primary chart of 30 minutes had lower lows till 1 PM. The 1.30 bar makes a higher low, so if we take a peek at 20/15 min. chart at 1.30 and we see a Pivot in the making!!!
Now have a look at 60 minutes chart, it has a continuous down trend till even now!!!
To me it seems we have been in a hurry to find a Pivot!!!
Last but not the least, one of the most talked about thing had been the power of 10 paise in the 60 minutes trade!!!! I personally use it and had in the past suggested also here to follow : To buy at XX.20 paise and sell at XX.80 paise. If at all I took the 15 minutes Pivot as SAR, still I would have gone long at 3707.20 and not 3707!!!

 

[Saint]

Thanx Smart,Kapil,Uthuman.

Saint

 

[Saint]

(Posted in response to Beethoven but not directed at him alone)

It surely is an error as per my understanding of the system. (I am yet not trading it with real money, had traded only once and found the funda was not very clear to me).
The question arises : When do we refer to 15 min./20min. TF chart!!!?? My view is when short the candles stop making a Lower Low!!! (Higher high in case of Long trades). All this in our primary chart of 30 minutes!!
May be people have the view that they continuously monitor the 20/15 min.TF chart, but then they should also monitor the 60 min. chart too continuously.
If you look at todays chart in 20 minutes there is no Pivot, yes there is a Pivot in 15 minutes ( I prefer to call it a minor pivot), but the primary chart of 30 minutes had lower lows till 1 PM. The 1.30 bar makes a higher low, so if we take a peek at 20/15 min. chart at 1.30 and we see a Pivot in the making!!!
Now have a look at 60 minutes chart, it has a continuous down trend till even now!!!
To me it seems we have been in a hurry to find a Pivot!!!
Last but not the least, one of the most talked about thing had been the power of 10 paise in the 60 minutes trade!!!! I personally use it and had in the past suggested also here to follow : To buy at XX.20 paise and sell at XX.80 paise. If at all I took the 15 minutes Pivot as SAR, still I would have gone long at 3707.20 and not 3707!!!

Great wisdom as always,my friend.......from what I am seeing,that is more a teenie-weenie pivot,unless something wrong somewhere with my charts.

Would be grateful if someone could post today's chart to compare with mine.....

Saint

 

[Saint]

Stops to 3667+7=3674

Saint

 

[vpsarathy]

Do we change SL to 3675 2bars back H+7?? We just had 4 red bars.
vps

 

[Saint]

Do we change SL to 3675 2bars back H+7?? We just had 4 red bars.
vps

VP,

Agreed on the above.......now have a look at the 15/20min charts,what you are looking for is a clear cut pivot.In this case,a tail on the 15 and the clear pivot on the 20.

Bring your stops down to the high of that pivot + room.

Saint