Hi fellow Money Makers!
I was not able to follow yesterdays trades as I had some other commitments... Can anyone give a concise summary as to how many trades there were, entry and exit prices?
Then I could look at my charts and confirm the rules again. The individual trades are getting lost in so many posts, and though I started reading all the posts since yesterday, there is sooo much information, that my relatively small head started to spin
Hence this request.
Thanks in advance
Just do this:
refer to friday's 15 min chart, and trade as per this system's flow rules...
believe me, all ur entry & exits will be what has been actually done even by Saint sir (except some of part-booking of profit trades, which, is in any case, personal & subjective)...!!!
Being a hard-core nifty intraday trader since a long time, I always used to think (looking at Saint sir's 60 min thread) that such a flow system cannot be made for intraday trading.... But, i used to apply the concept of pivots referring to 5 min charts for my entry & exits, but not as a flow system...
Recently, when i came across this thread, I was very happy on seeing that Saint Sir has actually given rules for such flow system for intraday trading... Nothing much different from 60 min flow system, apart from the 4 bar rule & some part-profit booking tweaks....
That's why I mentioned this setup in Asish da's intraday trading thread, with all rules, etc...
But, personally, being an agressive intraday trader, I prefer to use the 15 min timeframe for this setup.... (infact, i am also using it)
I am not advocating the shift to 15 min to anyone... I am just saying that it's only during last few days when the falls & moves have been big (even Asish da noted this) that a "flow" concept on 30 min can give GOOD results...
But, during tight-rangebound days, where even a one way 50 pont move was rare, on such days, one does get SARed frequently....
Thankfully & wisely, Saint Sir has incorporated the use of 15min TF in case of such days...
But, still I prefer to follow ONLY 15 min TF, as one does not know how the day ahead will pan out - one way "ride" or up-down "sideways"
I guess, experienced intraday traders will agree with me...
One last thing - don't wait for other's posts to verify entry / exits.... rules are in your mind, charts are in from of you, Saint sir & other experienced seniors are there at EOD for some clrifications, if required.... your concept should be cleared...
the success of this system depends on flow not only iin chart but also in mind...
PS: go by what chart is saying about high or low, and not the trader terminal... (common problem)
