Going with the Intraday Mini-Flow!!

[Saint]

Yes RKK, I have envisaged this possibility that the scenerio I fear is a market drifting sideways with a downward bias may give me a PH on lower time frame but I will not be inclined to apply 4 bar rule here and not even be looking at a pivot on lower time frames here. I tend to go by the idea behind the rule and not the letter.

I am sure that we will soon have this case and big debate on the situation envisaged by me.I am just crystalising my possible action in this scenario. And as this system is still evolving,Saint also may not have thought about all possibilities right in the beginning and hence we can debate and be prepared when mkt throws this situation to us.

Smart_trade

There are a few possibilities........

a.NF makes no pivots on 15-60min charts right up to 11:30am,when 4bars are completed,and it must have LL-LH and at least 1-2 WRBs,move to 2 bar high.

b.NF makes 2 down bars,one up bar which is still LL-LH,and another down bar LL.........you WILL get a pivot on the 15min charts.

Either way,we are looking for pivots on the 15/20 after the 4 bar is over,failing which stops to 2 bars back.

Of course,different scenario if 4 BAR RULE is not satisfied......then we are looking at all time frames for a possible reversal.


But open to other possibilities that has to be dealt with......am more a picture person more than a words person,so ST,if you can show me this scenario via charts or at least the date,we can try to figure out how best to deal with it.

All the best!
Saint

 

[orderflow13]

Alex,think your doubt is answered by the last few posts.

Saint

YES SIR !!
thanks zillions

 

[Saint]

Alex,Uthuman,Chachi,Rajendrani,Beethoven,NiftyChance........Thank you all for some extremely kind words,most of them I don't deserve......but deeply appreciated as always.

Thank You.

Saint

 

[Saint]

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

Nothing wrong.....Great stuff,VP,..........and Well done!

Saint

 

[Saint]

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 headcount here or anywhere else,my friend.......you and I both know that doing it is absolute nonsense,and stretching the patience of the forum by a bit.........My advice:Stay out of trouble.....

No.....not going to delete anything......ideas evolve and continue to evolve.Suggestion to newcomers would be: Don't expect everything on a platter.......through all the shifts and turns that this thread has taken ,many are able to keep up.Suggest the newcomers to put in that effort that the seniors of this thread have.......Nope,not about to do any deletions.

And no,am still trading both the 60min Flow and the Intraday Mini Flow........ sometimes even in the same counters with opposie positions.Think same for Satya,MJ,Smart,NC,LV among others.

And yes,my friend,.......we gave up on the idea of Oct 15th a week into this thread........but you know that already,don't you?And if you don't,you are still on Page 70...........catch up fast,my friend.....

Saint

 

[VJAY]

Yep,correct......



Yes,ST........wait for the first 4 bars to form,stop loss at where it was above the high of the 1st bar.After the completion of 4th bar LH-LL,move the stop to high of 2nd bar+room.Once 5th bar makes a LL,already you are moving stops to the high of the 3rd bar.If no LL,then stops remainabove the high of the 2nd bar.


Once again,to reiterate:

BAR 1 forms.

BAR 2 LH-LL .......Short below BAR 1 with room.Stops above high of BAR1

BAR 3 LH-LL.......Nothing to be done.Stops where it was.

BAR 4 LH-LL.......Nothing to be done till it is completed.After the end of the 4th Bar,move stops to the high of BAR 2.

From here,2 possibilities:a)BAR 5 makes a LL,then move stops to the high of BAR 3.b)BAR 5 does not make a LL,keep stops at high of BAR 2.

So on so forth for Bar 6.


Hope this clarifies...........this is the same as the 2 bar method in the 60min Flow,someone here coined the term 4 BAR rule here as there is no active management in a vertical move down till 4 bars are completely formed. Reversals till the 4th bar is formed require stops above the 1st bar to get taken out for us to get long.

Saint

Wow what an explanation!
Thanks saint.Even an KG1 student will learn from your replay.It's now crystal clear about the 4 bars.How simply you are clearing our all doubts !!!!!!!!!!!
I lost too many money before come to this forum.Now I am trading with your flow very freely no tention .no fear.God bless you

Thank s from my heart saint
VJAY

 

[lvgandhi]

Yes Niftychance,
He is a superhero and makes me wonder that he is also a human like us. His attitude apart from teaching trading technique also has forced me to think to be more helpful, humble and be more humane. We have become quite ruthless and aggressive in our daily lives but I have now stopped for a breath and review the entire outlook to life. Trading is one of the most difficult profession and forces one to become like "Saint" as this man is & also the general meaning of the word. Happy trading my friend.
Bee

I am also one fellow like you in becoming more helpful, humble and be more humane after association with him in this forum. So I thank not only Saint, Which is primary, but also this forum traderji.

 

[Smart_trade]

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.

Yes alex, trading this system with real trades is not only comfirtable but great fun as well ....and this bird called "day trading profits" you can catch every day. Try it and you will realise what great fun it is ...It is like playing a game and getting paid for it ....


Smart_trade

 

[Sunil]

Once again,to reiterate:

BAR 1 forms.

BAR 2 LH-LL .......Short below BAR 1 with room.Stops above high of BAR1

BAR 3 LH-LL.......Nothing to be done.Stops where it was.

BAR 4 LH-LL.......Nothing to be done till it is completed.After the end of the 4th Bar,move stops to the high of BAR 2.

From here,2 possibilities:a)BAR 5 makes a LL,then move stops to the high of BAR 3.b)BAR 5 does not make a LL,keep stops at high of BAR 2.

So on so forth for Bar 6.


Hope this clarifies...........this is the same as the 2 bar method in the 60min Flow,someone here coined the term 4 BAR rule here as there is no active management in a vertical move down till 4 bars are completely formed. Reversals till the 4th bar is formed require stops above the 1st bar to get taken out for us to get long.

Saint

Explained 2 posts ago to ST,........think it is clear...I hope.

Anything else,.......get back to me,Sunil.

Saint

yes Sir. crystal clear now;
thanks to Vjay for bringing up this query in the Library thread...

The RED is what was the query....
incorporating at the LIBRARY thread, with Saint sir's illustration....

Thanks again, Sir

 

[musicjunkie]

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?

Trading both systems m4uh. Real money with both systems all the way.
I have alot to learn , havn't even scratched the surface for the miniflow system. Hope will do well by the end of this month.
Paper trades never take you anywhere, real money teaches and drills important lessons in your brain so you Never forget

MJ-