Going with the Intraday Mini-Flow!!

[metushar]

Re: Saint's Intraday Miniflow - live discussion

I think we can use now 2bar rule

low of 4th bar not broken yet, even then we will wait for the current bar to complete for using tht rule, wait for amit's reply on this...

Kapil and Hemant are absent

Low now broken

 

[pleaseharsh]

Re: Saint's Intraday Miniflow - live discussion

sar at 4276+sf.....

 

[jamit_05]

Re: Saint's Intraday Miniflow - live discussion

low of 4th bar not broken yet, even then we will wait for the current bar to complete for using tht rule, wait for amit's reply on this...

Kapil and Hemant are absent

Low now broken

Awesome presense of mind Tushar.... 2 bar rule in effect.

 

[manojkch]

Re: Saint's Intraday Miniflow - live discussion

Part profit booking zone is near 4220

 

[VJAY]

Re: Saint's Intraday Miniflow - live discussion

partial profit booked as current bar 5th LL bar(thanks to ST)

 

[metushar]

Re: Saint's Intraday Miniflow - live discussion

Off topic: stopped at hourly resisitance of 4220....i wonder how does the market know where to stop and wait, or is this self fulfilling theory....like some people gave theory about resistance and support, some believed and became market participants, so now all of them knwo what are support and resistance and so they book profit as those levels

 

[VJAY]

Re: Saint's Intraday Miniflow - live discussion

low of 4th bar not broken yet, even then we will wait for the current bar to complete for using tht rule, wait for amit's reply on this...

Kapil and Hemant are absent

Low now broken

Tushar,
I used the rule after completion of 4 HL/LL bar

 

[jamit_05]

Re: Saint's Intraday Miniflow - live discussion

Off topic: stopped at hourly resisitance of 4220....i wonder how does the market know where to stop and wait, or is this self fulfilling theory....like some people gave theory about resistance and support, some believed and became market participants, so now all of them knwo what are support and resistance and so they book profit as those levels

I think, it is self fulfilling in part.

In addition, there are people out there who by their own independant analysis derive levels from various data. Some good analyst come up with some pretty reliable levels as the market proves those levels right the next day.

Overall, I think there is a method (or several methods) to derive/calculate the levels of support and resistances. Or one could just go with the popularly agreed ones

 

[aimer]

Re: Saint's Intraday Miniflow - live discussion

getting a gravestone doji on 15 min....will get a good move down today...30 is a good bearish bar:lol:

 

[pleaseharsh]

Re: Saint's Intraday Miniflow - live discussion

Off topic: stopped at hourly resisitance of 4220....i wonder how does the market know where to stop and wait, or is this self fulfilling theory....like some people gave theory about resistance and support, some believed and became market participants, so now all of them knwo what are support and resistance and so they book profit as those levels

nice one ....very true..market dosent have its own entity....participants fabricate and play by this levels...