Going with the Intraday Mini-Flow!!

[musicjunkie]

Sit and look at the chart. Nothing to be done now. What if market shoots up?? dont think like that, we shall reverse then, now just wait and watch

MJ-

 

[Saint]

Doing nothing for now.....sitting on hands as of now.

Saint

 

[Smart_trade]

Sit and look at the chart. Nothing to be done now. What if market shoots up?? dont think like that, we shall reverse then, now just wait and watch

MJ-

V Shape recoveries are going to be flow traders'worst enemy.

 

[Saint]

The dreaded V move.......will it make a lower pivot high?Then great.....Will it blast through?No idea from where we stand now.

Therefore sticking to Plan......and watching the 15min charts if it gives us a pivot.If this move keeps going up,well,reverse at stops and participate in the move up.

Nothing much to be done over here except wait and watch.

Saint

 

[Saint]

V Shape recoveries are going to be flow traders'worst enemy.

Always.......a sudden change in flow always rocks the boat.No problem.....if turbulence is too bad and you get thrown over,simply get back in,redirect and go with the new direction of Flow.

Saint

 

[orderflow13]

Saint one more help
My experiance in intraday is almost nothing , so for intraday 0.5 % risk on capital is ok ? or its too tight ? reason is 1) intraday is very tough art for me 2) intraday trading has historical success ratio is far less than positional trading ( in general world wide )
so if 1.5 % ROC ( Risk on capital ) for positional then 0.5 % for day trading ? plz guide here/
Alex

 

[Smart_trade]

We are relaxed as we have a definate plan and we know what to do...so no tension....Let the mkt make its move,we will react.

Smart_trade

 

[rajfal]

Always.......a sudden change in flow always rocks the boat.No problem.....if turbulence is too bad and you get thrown over,simply get back in,redirect and go with the new direction of Flow.

Saint

More than the system, we all must imbibe in us...the thought process...and the cool head of our respected hand-holder.....

Many thanks...dear friend

 

[orderflow13]

another hammer in 15 min or is it a ice candy formation

 

[beethoven]

We are relaxed as we have a definate plan and we know what to do...so no tension....Let the mkt make its move,we will react.

Smart_trade

Yes ST, it was situations like this earlier where I did not have a plan and this lead to hoping, praying and disaster. Now we are stress free at least with a feeling that we are in control. This is a great feeling.
Bee