Going with the Intraday Mini-Flow!!

[VJAY]

Thanks ST.
But doubts not clear about this 4 bar rule.If 4 bars which are in LH and LL seen then can we not move the SAR to 2 bar high+room(if not found any Pivots in 20/15)?
VJAY

 

[Smart_trade]

Thanks ST.
But doubts not clear about this 4 bar rule.If 4 bars which are in LH and LL seen then can we not move the SAR to 2 bar high+room(if not found any Pivots in 20/15)?
VJAY

Yes you are right VIJAY, In this case you can shift SAR to high of 2 bars earlier ( 2nd bar in this case ),then 3rd bar after completion of 5 th bar with LL etc

Smart_trade

 

[pakatil]

Dear Friends,

My humble request to all. Please go through the previous pages, before asking the query. In all probability, the query has been asked and Saint or others have already replied. Pls refrain from form repetetive querying. Pls save Saint from giving repetetive reply to every individual.

Pls note no offence meant to any body. My apologies, if any one is hurt.

Cheers

 

[rkkarnani]

Sunil,Vijay,inspire

I think all of you are talking about the same thing and all are correct.

4 bar rule becomes applicable when we have min 4 consecutive bars with lows successively lower than the earlier bar in case of the down move.Also as per my understanding all 4 bars must close successively lower and 1-2 bars must be WRBs in this sequence. These two conditions are not specifically mentioned by Saint but from the examples I studied ,I have formed this impression.

If all the three conditions are not present then it makes no sense lowering the SAR level to high of bar 2+space after 4th bar,high of bar 3 +space after 5 th bar etc. So in effect 4 bar rule to be applied after a sustained and strong move with the purpose of protecting the profits and participating in the likely reversal !!!

This is my interpretation.

Best Wishes,

Smart_trade

My understanding is that the Low of successive bars must be breached, the close may not be successively Lower!! As it happened yesterday, the bar which triggered the use of 2 bar rule was bar at 12.30 which closed higer than previous bar's close though it breached the low of the previous bar!!!

Trust that my view is correct!!!

This is what Saint had posted recently in reply to a query from me :

Quote:
Originally Posted by rkkarnani
Saint, A small query, maybe it is already answered by you, but do take the trouble to do it again!!! OR friends if anyone can direct me to the post where Saint has clarified this query :

As today, we have 3 consecutive lower high, lower low bars. The next bar makes a lower low and is still in the process of completion, i.e. it is not yet completely formed. So we have this 4th unfinished bar giving us a consecutive 4 bars with LH and LL.
My query : Do we shift our SAR to previous 2 bars high as soon as the current bar breaches the previous bar's low OR we wait for this bar to complete before shifting our SAR!!!!
Have read it at a number of places where after 4 consecutive bars the SL is shifted to 2 previous bars high but not clear whether we allow the current bar to end or do it as soon as the low is broken!!!
Thanks!!!

Hi RK,

On completion of 4th bar......till the 4h bar is fully formed,stop losses are at day's high(taking shorts) + room.From the 5th bar,every low is your signal to bring stops to the high of 2 bars back.

To reiterate:Bar 1,Bar 2 LH-LL,stop above Bar1,Bar 3 LH-LL,stop above Bar 1,Bar 4LH-LL,stop above Bar 2,Bar 5 LH-LL,stop above Bar 3..........till the 4th bar is completed,no playing around with the stops unless we get a pivot on lower time frames.

Saint
__________________
"You cannot change the direction of the wind,but you CAN adjust your sail..."

 

[Smart_trade]

My understanding is that the Low of successive bars must be breached, the close may not be successively Lower!! As it happened yesterday, the bar which triggered the use of 2 bar rule was bar at 12.30 which closed higer than previous bar's close though it breached the low of the previous bar!!!

Trust that my view is correct!!!

This is what Saint had posted recently in reply to a query from me :

Yes RKK, your understanding seems correct from the Saint's reply you quoted . But consider the following :

1st bar .... LL,LH,Lower close.(LC)

2nd bar .... LL,LH ,HC

3rd bar ... LL,LH,LC

4th bar ... LL.LH,HC

I am not too convinced whether this is a fit case for lowering SAR and reversing on this very weak move.

That is what I said that the 2nd and 3rd condition mentioned is my interpretation based on common sense that 4 bar rule is to be applied in case of strong and sustained move which has accumalated good profits for you and is likely to exhaust and reverse.

Best Wishes,

Smart_trade

 

[man4urheart]

I have patiently read the system till 100 pages and also rules on page 76. Would strongly suggest deleting posts before page 76 as they are waste of time for new comers! and also confuses!

Overall Strategy looks interesting.

Can I safely assume people who are trading here have stopped trading 60 min flow?

OR

You guys are trading both? Satya, Music Junkie? Now i know why you guys don't paste their anymore..

Should I take a headcount here?

Most of you guys playing with real money in this and can i assume officaly this system is live or we are still waiting for OCT 15?

 

[Smart_trade]

I have patiently read the system till 100 pages and also rules on page 76. Would strongly suggest deleting posts before page 76 as they are waste of time for new comers! and also confuses!

Overall Strategy looks interesting.

Can I safely assume people who are trading here have stopped trading 60 min flow?

OR

You guys are trading both? Satya, Music Junkie? Now i know why you guys don't paste their anymore..

Should I take a headcount here?

Most of you guys playing with real money in this and can i assume officaly this system is live or we are still waiting for OCT 15?

We have not stopped trading 60 min syst ,but as both systems can be very comfortably traded (this syst is not too hectic as other day trading/scalping systems) simultaneously we are trading both.

Some friends are trading this system with real trades and some are doing paper trades The system is very much live and ticking !!!

No head counts by clicking thank you button please ,not again

Smart_trade

 

[rkkarnani]

I have patiently read the system till 100 pages and also rules on page 76. Would strongly suggest deleting posts before page 76 as they are waste of time for new comers! and also confuses!

Overall Strategy looks interesting.

Can I safely assume people who are trading here have stopped trading 60 min flow?

OR

You guys are trading both? Satya, Music Junkie? Now i know why you guys don't paste their anymore..

Should I take a headcount here?

Most of you guys playing with real money in this and can i assume officaly this system is live or we are still waiting for OCT 15?

No your assumption about 60 min. traders not trading this must be totally wrong... rather all the 60 min. flow traders must either be trading this mini flow or tracking it actively to jump in per their convenience!! One of them waiting to join is myself!!!

 

[vpsarathy]

EXPLAINING THE 4BAR method incorporating 2BAR method for SL/SAR shifting

Please ASSUME that we are now SHORT IN 30 MIN TF

1ST bAR has formed
2nd BAR has a LOW that is below the LOW of the1st bar
3rd BAR has a LOW that is below the LOw of the 2nd bar
4th BAR has a LOW that is below the LOW of the3rd bar

When you have these 4Bars fully formed and 5th bar starts you may shift StopLoss to HIGH of 2nd BAR+ROOM

If the 5th BAR also has a LOW ( only LOW, donot bother about its HIGH or colour of the BAR) that is below the LOw of the 4th bar, then you shift SL to 3rd BAR HIGH+ ROOM.
This is the 2bar method of shifting SL/SAR

Before shifting Stop Loss see if there is PIVOT IN 15 MIN TF around the same time of the 4th BAR or 5th BAR as the case may be.

In all likelyhood there will be a WRB in the 3, 4,5th bars. So looking for Pivots in 15min TF is important. If there is a Pivot in 15TF shift SL to Pivot HIGH +room.

A Pivot ASSUMES HIGHER IMPORTANCE than the 2 BAR method of shifting SL

The BARS may begin at any time of the day but there should be continuously 4 or 5 bars forming; only then this is applicable.

The reverse applies if we are going LONG. Here you concentrate on the HIGHS only.

In both above Short or Long situations DONOT bother about the color of the BARS or about their CLOSE or OPEN points.

Pl allow some senior to agree with whatever I have written here. If they pass this please donot bother Saint any more. He has written about this umpteen times. If there is any thing wrong here I will delete this post

SENIORS AM I RIGHT HERE????

vps

 

[orderflow13]

MHO .. there must be lot of positional traders who are trading comfortably & profitably.It is possible, but day trading comfortably ?? ( & is this a bird ?day trading profits ? ) boy either u outta be SAINT or God , or best case scenario Pupil of Saint. I am finding few of non 60 flow frnds here including me.Thanks to Saint he has something to give to almost every one.
Thanks a lot Saint.