Going with the Intraday Mini-Flow!!

[Smart_trade]

Sorry Neeraj I dont have historical 30 & 15 min data, I use Power Indiabulls charts for live intraday trading.

I am sure some of our friends like ST,Satya, MJ would help

Yes Neeraj,

Though I also use PIB but I save it in Metastock. I will try to look for such examples and post ASAP. These examples with Saints comments will help all of us understand and trade the system better.

Smart_ trade

 

[Prabhjeet]

my childish qs. what will happen if we never look at 15 min chart at all ? why i cant trade with 30 min chart only ?
If there ant pivots ok then,i will manage it by position sizing.??

Frankly speaking Alex thats not a bad idea for start, mostly we would be able to find a pivot on 30 min. itself but consider a scenario where we have 3 bars with the middle one having high that is slightly higher than the bars on its either side so I can switch to 15 min. and the pivot will be crystal clear over there, so thats where its purpose lies.

Another scenario, suppose I entered short Nifty at 4000, we then have a big one way move till 3875, now Nifty stops there on 30 min. and we have 1-2 sideways bar on 30, I will just take a sneak at my 15 min. charts as I dont want to devote such huge profits to system. If we have a pivot on 15 ,then we happily reverse our position as the move starts up

 

[pakatil]

By now,everyone should be out of all posns.......if you stuck to Plan,and roughly pulled out Rs60 on the initial positions, give yourself a pat on the back.

Think today is one day where more people lost than made money....so great going guys!

Saint

Shorted @ 3698 and covered @ 3620 ( 4.00 PM ). Gain = 78.

Initial SAR was 3657 + 7 = 3663. Later on, could see only two PH on 20 Min Charts, during the day. At 13.40, SAR = 3722 + 7 = 3729. At 15.40, SAR = 3645 + 7 = 3652.

Always amazed at other's, intuitiveness, eagerness, great anticipation in locating PH even during formation. Saint with his vast experience located the PH of 13.00 by 13.05 PM.

Mini-Flow is so robust that even dumbs like me (who have to wait till the complete formation) can survive.

Thank You Saint for the beautiful Method.

Cheers

 

[Smart_trade]

Frankly speaking Alex thats not a bad idea for start, mostly we would be able to find a pivot on 30 min. itself but consider a scenario where we have 3 bars with the middle one having high that is slightly higher than the bars on its either side so I can switch to 15 min. and the pivot will be crystal clear over there, so thats where its purpose lies.

Another scenario, suppose I entered short Nifty at 4000, we then have a big one way move till 3875, now Nifty stops there on 30 min. and we have 1-2 sideways bar on 30, I will just take a sneak at my 15 min. charts as I dont want to devote such huge profits to system. If we have a pivot on 15 ,then we happily reverse our position as the move starts up

In such cases I will take profits on 15 min charts but reversing I find too risky only on 15.

If we get good profits ( 100 points and above) it may be a good idea to take off some positions as you dont get a 100 points move everyday in daytrading.And if the mkt gives 200 points that day,we have our balance posn to enjoy the ride !!!

Smart_trade

 

[Prabhjeet]

Thats where risk appetite comes into play ST, I for my money may not like to reverse my posn. at 3 pm but you might consider it ok.

For me its ok to use 15 min. pivots when we have had these vertical pivotless kind of moves on 30 min.

 

[ThE HaMmEr]

Thats where risk appetite comes into play ST, I for my money may not like to reverse my posn. at 3 pm but you might consider it ok.

For me its ok to use 15 min. pivots when we have had these vertical pivotless kind of moves on 30 min.

considering + - 7 filter

considering + - 14 filter
after a big move downwards.....donn u think 15 minutes pivot should be cosidered.......as pivot highs are nothing but a try to pullback of the lows.....and if after a big move downwards......there is a try to break a 15 minute pivot high .......it can b useful to reverse as in today's case at around 3614...

cant we use a + - 14 filter here.....so it has to convince us that the move is gng to negate the downwards trending or upward treding......depends which trade are we flowing with......

in today's case going long above 3629 i.e. 3614 + 14.......and exiting eod at around 3670 ....still rewarding.......


compare it.....say yesterday we wud have kept a + 14 filter ... we wudn't have been screwedd......

i hope i am clear in making all of u understand my view...........just came into my mind and thought of sharing it here.......

all senior's know better.......as experience is the greatest pivot high here... ( : -- )


regards

neeraj

 

[ratan jain]

PH should be succeeded by 2 lower highs.

Can someone please confirm this?

 

[Smart_trade]

Can someone please confirm this?

Preferably but not necessarily. Sometimes the preeceeding or succeeding bars are bars within the body of PH bar, Some times a sideways movement of 3-4 bars with near identical highs and lows also can be treated as pivot.

Smart_trade

 

[Smart_trade]

Saint's 15 min bar is too long !!!

Just joking Saint take your time,dont overburden yourself,our questions are endless

 

[ThE HaMmEr]

Saint's 15 min bar is too long !!!

Just joking Saint take your time,dont overburden yourself,our questions are endless

arrre ST.......saint sir was gng to answer to a query in 5 mins....dat was answered by prabhjeet ji.........

u still waiting......