Going with the Intraday Mini-Flow!!

[metushar]

Re: Saint's Intraday Miniflow - live discussion

Have a nice weekend all

 

[aimer]

Re: Saint's Intraday Miniflow - live discussion

wishing u all a happy weekend ...hope to see a profitable coming week

 

[Smart_trade]

Re: Saint's Intraday Miniflow - live discussion

Hello friends,

I have a great news for everyone....our vineet has become a moderator in our friendly neighbourhood forum TS.....

Congratulations vineet,TS couldnot have made a better choice....and my best wishes for your new responsibilities....

Smart_trade

 

[aimer]

Re: Saint's Intraday Miniflow - live discussion

CONRATULATIONS vineet bhai for the new responsibility as a moderator....
u will surely do justice to it....
:clap::clapping::clapping::clap:

 

[manojkch]

Re: Saint's Intraday Miniflow - live discussion

Congratulations Vineet Bhai!!:clapping:

 

[manojkch]

Re: Saint's Intraday Miniflow - live discussion

Dear all Seniros,
I have a query on 24th July trades. Was it not right to reverse on 1.00 bar high + SF yesterday due to TFA ? ( TFA : If we see previous 2 candles before 1.00 PM, there was an bullish engulfing pattern for which we can also say that it was failed PL breakdown pattern as 12.30 bar negated entire 12.00 PL breakdown bar...actually this alone is sufficient reason to reverse, I think+ 1.00 bar (30 min) was hammer with long bottoming tail indicating bullishness + 60 min 1.00 bar is bullish with tail which have almost negated more than 75% body of the previous 60 min bar with little bit increased volume + sideways pivot on 15.. although weak).

Please give your opinion...

Thanks and regards
Manoj

 

[HEM]

Re: Saint's Intraday Miniflow - live discussion

MANY MANY CONGRATULATIONS vineet for the new responsibility of Moderator in TS..... :thumb::clapping::clapping::rofl:

 

[SR_TA]

Re: Saint's Intraday Miniflow - live discussion

Vineet bhai.. Hearty congratulations to you on being given new mandate.. You have always been our beacon in the journey so far. Hope you will continue to play the same pivotal role going forward. Looking forward to more guidance from you going forward. All the best & congrats.. You deserve it mate !!:thumb:

 

[SR_TA]

Re: Saint's Intraday Miniflow - live discussion

Dear all Seniros,
I have a query on 24th July trades. Was it not right to reverse on 1.00 bar high + SF yesterday due to TFA ? ( TFA : If we see previous 2 candles before 1.00 PM, there was an bullish engulfing pattern for which we can also say that it was failed PL breakdown pattern as 12.30 bar negated entire 12.00 PL breakdown bar...actually this alone is sufficient reason to reverse, I think+ 1.00 bar (30 min) was hammer with long bottoming tail indicating bullishness + 60 min 1.00 bar is bullish with tail which have almost negated more than 75% body of the previous 60 min bar with little bit increased volume + sideways pivot on 15.. although weak).

Please give your opinion...

Thanks and regards
Manoj

I completely agree with you on your observations and perceived bullish reversal based on 12.30 & 1 pm candles on 30. You were bang on target, moreso becos 1230 bar completely negate 1200 down. I too had similar observations at that time, however somehow I was not able to resolve the dilema as I did not see TFA coming through. May be my interpretation was we need at least 2 TF to confirm reversal. For following reasons, I was in two mindes which market eventually did..

1. 1 pm bar on 60 was though white candle it made LH-LL
2. on 15 TF, there were 3 PH which were LL.. one at 1045,1115 and one recent at 1245.
3. only 30 was reversed, but did not hit the pivot high of earlier PH on 15..
4. 56% rule that first breakout is usually the direction and till 12 pm there was strong down move..

So somehow, though heart was saying that reversal was in place, eyes were showing not on 15 and not on 60. Might be inexperience from my side.

Guru log, any comment on this..

 

[Smart_trade]

Re: Saint's Intraday Miniflow - live discussion

Dear all Seniros,
I have a query on 24th July trades. Was it not right to reverse on 1.00 bar high + SF yesterday due to TFA ? ( TFA : If we see previous 2 candles before 1.00 PM, there was an bullish engulfing pattern for which we can also say that it was failed PL breakdown pattern as 12.30 bar negated entire 12.00 PL breakdown bar...actually this alone is sufficient reason to reverse, I think+ 1.00 bar (30 min) was hammer with long bottoming tail indicating bullishness + 60 min 1.00 bar is bullish with tail which have almost negated more than 75% body of the previous 60 min bar with little bit increased volume + sideways pivot on 15.. although weak).

Please give your opinion...

Thanks and regards
Manoj

Manoj....

I agree with you 100 %......though we are not considering engulfing or piercing patterns for TFA,I feel that these patterns on higher TF give early indication of trend change....I would certainly reverse at the place mentioned by you...as we had piercing/engulfing patterns on 30 and 60 both...but here I would prefer to see a higher PL on 15...which was not there so not a very confident reversal...but if we had a higher PL on 15,it was a great place for reversal, else...a bit more evidence required....

But I like the way you spotted it...you have a great eye for reversals,keep it up. Good going.....

Best Wishes,

Smart_trade