Going with the Intraday Mini-Flow!!

[Saint]

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

Another great post........think I can leave for the mountains in peace,seeing posts like these.

Saint

 

[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

Yes Alok, I think bit of price congestion is not sufficient reason to get down to 15, we must see the pivot formation on 30 (may not be very protruding ) and to see it clearly,we get to 15. Or a long sideways consolidation on 30.

Bit of congestion is too frequent and if everytime we get to 15,we will be reversing too soon and too often and there will be no difference between we flow traders trained by Saint and the hundreds of "daytraders " you see in any brokerage dealing rooms with traders trying to catch each up and downmove and make 6 trades a day mostly all loosing !!!

We have a big edge (that we are not reversing too often and we are following a systematic approach) lets not loose it.We reverse only when mkt makes its intentions to reverse loud and clear. And on large trend days we will be better off holding our position till the end avoiding frequent reversals.

I am no expert,also learning like everyone,make my share of mistakes but these are my views.

Regards,

Smart_trade

 

[ratan jain]

But are we prepared for many many days of sideways movement?

Nowadays we have high movement days, but I wonder if our system rules would keep us out of trouble?

Just wondering aloud

Can someone point out some absolute sideways days in the last... say... 6 months and then we could try and see what we would have done on those days and how we can prepare for such days

I think this exercise would go a long way in building up confidence of the people following the system regarding how we would be handling sideways days.

 

[beethoven]

Pivots on 15 min in mini-flow. I for one got caught yesterday as well as today on this 15 min pivot . Yesterday I lost some and Saint was good enough to explain the mistake. Today's pivot was more pronounced and took the reversal and was lucky enough to get away without burning my fingers (small profit at EOD exit on long). Guess I am looking too much into 15 minutes chart. More experience and I am sure we will mature in this fantastic system. Pivots on 15 min can be used to lighten our positions but reversals are to be carefully seen. This thread is just 22 days old and all the kinks have to be hammered out as in 60 min flow which is already established and traded by many on their own.
This thread is now very sophisticated
Happy flow trading my friends
Bee

 

[orderflow13]

Saint sir
Is that money management system i posted good enough to start with ?
others comments are also appreciated

 

[ratan jain]

But are we prepared for many many days of sideways movement?

Nowadays we have high movement days, but I wonder if our system rules would keep us out of trouble?

Just wondering aloud

Can someone point out some absolute sideways days in the last... say... 6 months and then we could try and see what we would have done on those days and how we can prepare for such days

I think this exercise would go a long way in building up confidence of the people following the system regarding how we would be handling sideways days.

Feedback for the above suggestion would be appreciated

 

[orderflow13]

Hello Alex

How do you know before hand which kind of day it is ... as you have diff MM rules for trend /sideway day?

Thanks

Market will tell us. We r in a flow.I didnt change anything except for buy trigger i am decreasing my lot size thats it.Let me get stop out on every trade and i will stay out of market when my loss reached to max 0.75 % on my capital.So at the end of day when i see my trade book i can see we had a side way day.

 

[Saint]

Feedback for the above suggestion would be appreciated

Ah....have to go back and take a look at all your posts,Ratan before giving any feedback.

Saint

 

[Saint]

Saint sir
Is that money management system i posted good enough to start with ?
others comments are also appreciated

Having a look.....just give me some time.

Saint

 

[Saint]

But are we prepared for many many days of sideways movement?

Nowadays we have high movement days, but I wonder if our system rules would keep us out of trouble?

Just wondering aloud

Can someone point out some absolute sideways days in the last... say... 6 months and then we could try and see what we would have done on those days and how we can prepare for such days

I think this exercise would go a long way in building up confidence of the people following the system regarding how we would be handling sideways days.

Nothing keeps us out of all types of troubles all the time,Ratan........was anyway thinking of putting up the last 1 year of charts.Pick out the sideways and see how it was tackled.

Saint