Going with the Intraday Mini-Flow!!

[Saint]

By alex_laxya

By alex_laxya

Alex,

Few things:

1.Trend doesn't tell us before hand whether it is going sideways or not....so have one plan,else we are back to too much thinking,and too less doing.

2.From the style of adds between longs and shorts,presume you have a strategy in place once the intermed and primary uptrend resumes........as the present style is more for a Bear Market Scenarither than that,fine.

3.Your SAR points are based on pivots or whatever method,and not just 50 pts from the add,I hope.....as in,there are definite points on the chart that you plan to reverse from and not just points from where you have added.If just an example(the SAR 50pts),no problem.

SAR points are definite points,the no.of contracts added is what is flexible to keep the risk percent under control.

A rough skeleton to start off with.......now pick a few charts and try to put it into practice.There are some,if not many practical difficulties that you may come across in the MM plan in real trades....can already see a few problems,but no real use in just throwing it up.

Use it in charts,......let us analyse it from there.Post here or PM as you like.

Saint

 

[Saint]

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.??

You could for a start..........but better once able to simultaneously manage all 3.......but fine in the beginning.

Saint

 

[Saint]

The market was volatile that when NF came down from 3625 to 3595 I exited. Even later it was very volatile, went 3638 down to 3592, twice before going on its journey to 3671. Some of us like me would have flunked today. Thank God Saint was around to help at critical juncture.

Looks like I made 103 points on 2 lots, a very good achievement for a choppy day.

My MM does not allow me to trade more than 2 lots and so I will not exceed these limits. Greed is not my dictionary at all, thanks to the drilling I got from each and every senior. Thanks all seniors.

vps

Well done,VP.....great going!

Saint

 

[Saint]

I am of different opinion. In this system we talk about stop and reversal, so lowering of stops should not be done because of adds. What I want to emphasise is that lowering of stop does not mean protection of profits only, it means taking a reversal. So, stops should be moved only at valid reversal points.

Very nice,Kapil........

Saint

 

[Saint]

Saint,

Want to really thank you.. i am following your system from last one and half month. I covered all my losses in last one month which i lost in last one year. Am following both ur 60 min flow and this thread also. Thaks a ton saint..

Thanks,
Nagendra

Most welcome,Nagendra.

Saint

 

[orderflow13]

Thanks a lot saint sir ,
Was all awake trying to fine print the plan and waiting for your answer.( almost refreshed page every minute )
From bottom of my heart thank you and a request , plz be patient with us/me for a while as we r on early stage, your guidance is invaluable and i appreciate your effort to answer almost innumerates posts.God bless you.You are truly a saint.
p.s. Plz leme knw whenever you feel my posts are confusing others i will PM with ur permission.As i have few qs. on volume ( Asish da's view of volume follows after prices )

 

[vvvv]

hi alex,
wht ud u do if u get an extended move in a timeframe...chew ur nails as to where to pt ur stoploss ..
u hav to get in the lower time frame to see ur pivots & maybe ull find 1. this strategy of saints can be used in other forms of trading also.imagine ur trading timeframe & 1 time frame down is gving u a pivot at the same point.isnt tht a very strong pivot...logic says yes....therefore yes.going along with 3 time frames is difficult to understand but the logic will surely cum as u place ur trades.i guess certain things cant be explained in words...these are one of those things

 

[Sunil]

looking at the 15 min chart of Oct 3, 6 & 7,
can anyone please confirm, what would have been the FIRST trade for that particular day, as per this flow concept

 

[musicjunkie]

Good questions there Ratan , leanr't from Saint's post too.
Thanks Ratan.

MJ-

 

[novice1]

H 3520
l 3471