Going with the Intraday Mini-Flow!!

[niftychance]

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

Hello Alex

My 2 cents,

Start with 0.5% if that keeps you relaxed, as your confidance in the method grows can increase it to 1.5% gradually ...

Someone might do the exact opposite (i.e. more risk for ID and lesser for positional ...

No need for one size fits all ...

Thanks

 

[Saint]

We have a few things in our favour for a reversal now.


a.Lower Volumes in the 15 during the move down,higher volumes in the move up.......

b.Reversal bar on the 60 on high volumes.

c.60min Flow ?Higher Pivot Low,confirmed only on a move up past today's highs.


Stops brought down to 3722 +7=3729

Saint

 

[vpsarathy]

oooph what a system!!! In the earlier days I would have panicked and got out at 3722
vps

 

[yashodhan]

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

How very true. Echo you!

 

[Saint]

Let's see how this candle on the 15min charts finishes up.......A bearish bar is all we need as a pivot on the 15.

Saint

 

[Satyen]

At last we have Pivot on 15


Regards
Satya

 

[Saint]

So,we have what we are looking for on the 15,we have what we are looking for on the 60.We have volumes supporting our stance.........if this just dumps from here,who is complaining....we are holding shorts.

But 3722 + room is looking more and more like that crucial point to reverse.

Saint

 

[musicjunkie]

Why have we moved our stops se early dont we want to wait for this 15min bar to complete?
Sorry if im missing something obvious

MJ-

 

[Saint]

Now all we need in the next 12 mins,is for Price to finish this candle on the 30min charts bearish,or same........and the 30min timeframe joins the others in supporting that point of reversal viz 3722 + room.

Saint

 

[vpsarathy]

Saint,

Didnot understand why you brought down SL to 3622+room. Pl explain after market hours

vps