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.
no priyank....we watch TFA only when we dont get clear information from one time frame in case of reversal....the we go for TFA...in going long or short for the first time we wait for the bar to take out completely +lf...we will wait and follow bar by bar till we get a clear indication to go long or short....
i am just quoting from saint sirs thread....just go through it ur doubts will get cleared:
BAR 1--High of 4325,Low of 4275..........we want the next bar to break past 4325+14=4339.Or go down below 4275-14=4261
BAR 2---High of 4335,Low of 4295.........we are still not in. We want the next
bar to break past 4335+14=4349.
BAR 3----High of 4346,Low of 4322....still not in. We want the next bar to break
out of 4346+14=4360.Or the low of 4322-7=4315 to get taken out.
BAR 4----High of 4355,Low of 4312......we are now in short.