Going with the Intraday Mini-Flow!!

[Smart_trade]

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

u still waiting......

I am sure he will guide us on todays market action.

Smart_trade

 

[uthuman]

I am sure he will guide us on todays market action.

Smart_trade

In today's highly volatile market saint has done something in the background to twist the market in our favor to keep his system sails smooth.
Yesterday I was also one of the victim. (falsely believed the 15mts pivot and changed the SAR to 3707) Today stick with the rules and that rewarded 78points. (I am playing with one minifty only for the timebeing).Thanks saint.

On saint's guidance we are earning while learning.

 

[orderflow13]

By alex_laxya

By alex_laxya

When i trade positionally i trade by using triple screening system ( weekly, daily and hourly all up then go long vis versa )
Here in day trading mini flow i observed profitable trades are mostly shorts, obviously market is on bearish mode of all TF.
So i am trying with above MM rules.My longs will be smaller in size, this way i will stay with flow and with my comfort level

p.s. Its rough draft plz make corrections, as i know there must be obvious and micro errors,

 

[orderflow13]

Now my try is by managing the size smaller i can afford to look at 30 min time frame with ease and wont jump now and then on 15 tf, i agree few times we must but in heat of actions and real money on stake with volatility to freak us out its sumtimes daunting task.We cant eliminate human error but at least can manage it for sure.

 

[alokdaga]

We definately had a clear pivot on 15 min timeframe. We trade 30 min here and go to 15 or 20 only if the pivot on 30 is not very clearly visible. In todays case,there was no indication of pivot on 30 so we did not reverse at 15 min pivot high break. This is a stop and reverse system so we have to be very careful in reversing on 15 or we will end up reversing too often and too soon.

This is what was in my mind when the mkt was breaking pivot high on 15 min but there was no indication of pivot or sideways movement on 30.

I also had a feeling that we left too much on table today but I am satisfied that we traded as per the system.

Reversing at 15 min pivot looks very logical action now but if we had reversed and had the mkt sold off again,we would have cursed ourselves for reversing without any indication on 30.

This is my reasons for not reversing at 15 min pivots.I am confident that we did a right thing. This is as per my understanding of the system.

I welcome others to share their thoughts,and will be too happy to change my understanding if I am goofing up somewhere.

Best Wishes,

Smart_trade

Hi

My basis of referring to the 15 min chart was since the market was reversing and their was a little bit of price congestion on 30 min - more evident on 20 min and clearly marked as a pivot on 15 ! This is usually how I have been looking while backtest (BTW I am still not trading the miniflow as I am not yet 100% sure of my right interpretation of signals - one may have been today !!).

If I take your contention as right, which I should, as Saint has thanked your post !!, that means that in case of a congestion in price/20 min - 15 min should not be referred to ?

Kindly confirm

Regards

Alok

 

[Saint]

We definately had a clear pivot on 15 min timeframe. We trade 30 min here and go to 15 or 20 only if the pivot on 30 is not very clearly visible. In todays case,there was no indication of pivot on 30 so we did not reverse at 15 min pivot high break. This is a stop and reverse system so we have to be very careful in reversing on 15 or we will end up reversing too often and too soon.

This is what was in my mind when the mkt was breaking pivot high on 15 min but there was no indication of pivot or sideways movement on 30.

I also had a feeling that we left too much on table today but I am satisfied that we traded as per the system.

Reversing at 15 min pivot looks very logical action now but if we had reversed and had the mkt sold off again,we would have cursed ourselves for reversing without any indication on 30.

This is my reasons for not reversing at 15 min pivots.I am confident that we did a right thing. This is as per my understanding of the system.

I welcome others to share their thoughts,and will be too happy to change my understanding if I am goofing up somewhere.

Best Wishes,

Smart_trade

More great stuff from you,my friend......no goofing up anywhere,all fine.

Just an add from my end:We had that fall to the day's lows,we therefore have 2 wrb on the 30min chart.After that another V move.......now we did get a small pivot on the 15min charts(we would be looking at the 15min charts as well as the 30 just put in a huge fall with 2 wrb.)

Now that pivot if it had put in one more sideways to low candle on the 15,would have taken it as a pivot.Or if that bearish candle forming that small pivot on the 15 reached new lows or at least near lows of the day,then probably yes.

Rules are set to tackle the everyday scenarios and as said somewhere in the beginning,the V moves will always be a huge problem with the Flow Strategy.We had 2 V moves and came out in profits.....and that was good.

On a normal day,would we have taken that pivot with the 30 and 60 the way it was at that time........we would not have......once again,we are,on purpose slow to move our stops and that is our strength.We need many confirmations,as our style is not scalper-like.

V-days will leave us looking a bit clumsy........but the odds of a V-day happening everyday is slim indeed.

Saint

 

[Saint]

Hi

My basis of referring to the 15 min chart was since the market was reversing and their was a little bit of price congestion on 30 min - more evident on 20 min and clearly marked as a pivot on 15 ! This is usually how I have been looking while backtest (BTW I am still not trading the miniflow as I am not yet 100% sure of my right interpretation of signals - one may have been today !!).

If I take your contention as right, which I should, as Saint has thanked your post !!, that means that in case of a congestion in price/20 min - 15 min should not be referred to ?

Kindly confirm

Regards

Alok

Nope Alok........on a big fall on the 30,definitely have a look at the 15/20.But that pivot on the 15 alone was not enough for us to reverse.Profits off the table,maybe yes,but reversal,no.

Saint

 

[SamFisher]

Hi Guys,
Just wanted to tell you that I have built a Excel file to track positions. Basically did it for Saint's 60 minutes flow thread, but looks like will be usefull for you guys too.

http://www.traderji.com/development...4186-going-60-minutes-flow-excel-tracker.html

I am not charging too much... Ha ha ha

Good luck guys, One day I will take part in this thread too

 

[Saint]

In today's highly volatile market saint has done something in the background to twist the market in our favor to keep his system sails smooth.
Yesterday I was also one of the victim. (falsely believed the 15mts pivot and changed the SAR to 3707) Today stick with the rules and that rewarded 78points. (I am playing with one minifty only for the timebeing).Thanks saint.

On saint's guidance we are earning while learning.

Great going,Uthuman.

Saint

 

[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

Well done,my friend........great going!

Saint

ps:From your posts,you are far,far ,far from Dumb,my friend