Re: Saint's Intraday Miniflow - live discussion
Good morning Raj,
Please make my concepts clear about TFA. As of now 15min and 30min pl is same in MINI NIFTY, should we short this pl-sf as short was not triggered in mini earlier because of filter.
TFA scenarios and how to look for TFA (from tradersaint)
Trading all time frames in one go can be confusing at first.but rewarding once the cobwebs get cleared.As always,strategies are put in place for events that usually happen,and stops are put in place when something goes against that norm.
Broadly speakingTrend follows the breakdown or breakout of the first bar.Stops are kept at a distance far enough to prevent us from muddling a good trade.Reversals are our worry.and we notice that reversals don't happen most of the times,but we have to react when it does,and therefore strategy of trading all three timeframes.
a)30min Chart is making LH-LL,60min is making LH-LL,and the 15min makes a non-visual pivot breakwill not show up on the 30,60,so no reversal.
b)30min Chart is making LH-LL,then forms a Hammer.15min charts no higher pivot low..60min charts still bearish..no reversal
c)30min chart is making LH-LL,then a doji or a hammer with bottoming tails..15min shows up as a higher pivot low or sideways pattern..60min shows a doji,etcReversal!
d)30min chart shows LL-LH,.15min shows lower pivot highs and lows..60min shows yet another bearish candleand then a swift move past the previous high on the bearish candle on the 60min chartReversal!
e)30min chart shows LL-LH.all time frames down.and then a WRB on high volume that closes near its lows,followed by a bullish candle(no problem.resting candle.expect the next move to be a continuation move downnot getting it is reversalBuy above the bullish candle.