Going with the Intraday Mini-Flow!!

[rajendrani]

similiarly, if u wanna trade with 2 NF (=100), u may go with 5 MiNifty (also =100)....
this is only if u want to book part profit at key levels, and at the same time, be with the system's flow....

purely subjective & as per one's comfort

Very rightly said, thanks for sharing the best information.

Now which chart should be followed for MiNifty, will this be the same as for Nifty or is it something different index alltogether.

 

[rakeshluthra430]

Presuming a capital of 10L.Roughly,initial size 5lots,add 3 lots,next add 1 lot

JANUARY 2008

JAN 3rd :Entry at 6207 on Bar 2,Stopped out at pivots on 30 at 4191-7=4184.Short at 4184,cover at 6176.

End of day Profits/Loss=-5750 + 2000=-3750
Capital for tomorrow=10.371


JAN 7th :ENTRY at 6233,add at 6269.......Exit at 6288.Profits=+16600
Capital for next day=10.521


Think will keep doing this till we catch up till present day.

Saint

Saint,
A great initiative indeed...there cant be a better way to learn than this day-by-day analysis.

Most of the trades posted by you are well understood now. However, I have a doubt regarding the Short trade taken on the 3rd Jan.

Are we considering 6191 a pivot (on 3rd jan) because of the long tails on the 30 mins chart? Because if we leave apart the tails, we have almost similar chart on the 7th Jan as well. But there we dont look in the 15 min tf because the 30 min is relatively smoother.

Or is there any other logic that I am unable to comprehend??

Kindly do let me know in your time.

Thanks,
Rakesh

 

[rajendrani]

.

if u get the hang of the system, you can trade any LIQUID scrip/index...

I agree with you tsunil, today was my first day to trade with 1 lot of nifty, but till today I was trading with hdfcbank scrip and as tsunil said about book profits, yes I used to do the same.

I had been taking 250 shares of hdfcbank and then working and I use to assume that its 5 lot of 50 shares and used to work accordingly. Results were awesome, As I had never did this in nifty futures, so I thought of doing with 1 lot first and if success then will go with more.

Thanks tsunil for all your info, suggestions and answers.
Rajendrani

 

[rajendrani]

Trading with minifty is basically for people who have less capital and less risk appetite (essentially beginners). Yes volume issues and slippage (orders not getting executed in case of sharp moves) are there. But great for learning. I think one should be trading minifty only upto 6 or 8 lots at one go, beyond that one should shift to Nifty. Easier to handle and by that time the person would have anyway gained enough experience and confidence to graduate into big league of Nifty traders.

Trading is hard and unforgiving. The mistakes are punished mercilessly - no God here to pray to, to save you. Perhaps no other profession gives rewards and punishment so fast.The decision to take it up as a profession is one's own but once decided one has to give it one's best shot. No half hearted measures.

Many here are full time traders and have gone thru hard times in terms money loss, loss of confidence, mental agony and of course the thrilling experience of making money {and of late a new quest (and has become mine also)- as per Saint - to put in that perfect trade again and again}.

Happy flow trading friends

Bee

Very true buddy, and this could be my starting stage and I am not giving it up.

Thanks
Rajendrani

 

[Sunil]

Very rightly said, thanks for sharing the best information.

Now which chart should be followed for MiNifty, will this be the same as for Nifty or is it something different index alltogether.

i hope u r not kiddin or pulling legs....
like u said, u apply this system to HDFC... similiarly, if u r trading MiNifty, you will have to view MiNifty's chart...
but believe me, there's not much difference between NF's & MiNifty's charts...

Personally, I have only NF's chart in front of me.... as i carry on some scalping/intraday trades too

 

[orderflow13]

Saint,
A great initiative indeed...there cant be a better way to learn than this day-by-day analysis.

Most of the trades posted by you are well understood now. However, I have a doubt regarding the Short trade taken on the 3rd Jan.

Are we considering 6191 a pivot (on 3rd jan) because of the long tails on the 30 mins chart? Because if we leave apart the tails, we have almost similar chart on the 7th Jan as well. But there we dont look in the 15 min tf because the 30 min is relatively smoother.

Or is there any other logic that I am unable to comprehend??

Kindly do let me know in your time.

Thanks,
Rakesh

Goodness me !! what a keen observation , really awesome , Now i am also looking forward for saints answer on above chart, hope we will learn something new from the Master.

 

[columbus]

I agree with you tsunil, today was my first day to trade with 1 lot of nifty, but till today I was trading with hdfcbank scrip and as tsunil said about book profits, yes I used to do the same.

I had been taking 250 shares of hdfcbank and then working and I use to assume that its 5 lot of 50 shares and used to work accordingly. Results were awesome, As I had never did this in nifty futures, so I thought of doing with 1 lot first and if success then will go with more.

Thanks tsunil for all your info, suggestions and answers.
Rajendrani

In order to be in PROFIT, Nifty as well as MINI require plus or minus 4 points
from your buy or sell rate. This will take care of Brokerage+Taxes.So ,I feel
worth taking RISK on NIFTY rather than MINI.Of course one is tight on money,
the better option would be MINI.

 

[beethoven]

Very rightly said, thanks for sharing the best information.

Now which chart should be followed for MiNifty, will this be the same as for Nifty or is it something different index alltogether.

You use the chart of the script/future you are trading. If you are trading Minifty then use Minifty live chart - all levels as per the chart - filters and SAR (7 and 14).
Bee

 

[rajendrani]

i hope u r not kiddin or pulling legs....
like u said, u apply this system to HDFC... similiarly, if u r trading MiNifty, you will have to view MiNifty's chart...
but believe me, there's not much difference between NF's & MiNifty's charts...

Personally, I have only NF's chart in front of me.... as i carry on some scalping/intraday trades too

Tsunil,
I am very new to this I could not find any chart for minifty or is there any other name for this. Sorry to ask lot of questions.

Rajendrani

 

[vvvv]

Tsunil,
I am very new to this I could not find any chart for minifty or is there any other name for this. Sorry to ask lot of questions.

Rajendrani

if 1 + 1 = 2 , then 2 + 2 = 4 also.
u know how much is 1 + 1 but dont know how much is 2 + 2.
pls brush up ur very basics or else ull give everythin to the markets.
i hope uve read saints compilation b4 thinking of trading this stuff.if not then dont.