Going with the Intraday Mini-Flow!!

[vpsarathy]

Some great stuff from you,my friend....

For everyone,
It is very important in intraday trading to pull profits off the table........now please don't read that as:Buy NF at 3542,and take profits off at 3552.Our job is to cut our losses and let the profits ride........so don't cut short your profits with a 10pt gain and be thrilled with this great achievement of yours.And yet,in intraday trading we are faced with exitting positions at the EOD,.......therefore Idealism is the order of the day in the 60min Flow.Here it is Realism.Putting some in your pocket acts as a valve to release pressure......and if you are that sort that feels no pressure although holding 30 lots,great going,still put some in your pocket.

Profit taking must have a Plan as well.........probably,you pull profits off at resistance points on the 60min charts.......probably you pull profits off when you have increasing prices on decreasing volumes........probably you pull profits off at exact numbers,like 50 or 100 pts from your point of entry.......where and how you pull profits is dependant on your mental personality,your capital,your stomach,etc,so will not put hard and fast rules to it as we are all different.

But still,evolve a Plan that suits your temperament on where to pull profits off,how much to pull off,etc...........remember,no thinking during trading hours.You do not act,you react..........so plan you trade as always,and trade the plan.

Saint

Sirji, same case in my terminal...
but i have been taught to follow what charts say...

if u r following Low as 3633, then u r not short here...

but, most of us are already sitting in shorts..
i mean, on shorts

We are in shorts on shorts. One does not wear a suit at home.
vps

 

[kapil123]

Guys one question.
Saint said he takes how much % risk on each trade? was it 1% or 2%?

(i know its a personality thing too)
MJ-

He takes 1.5% on one trade and as he said he takes 3 positions for intraday, the total risk is 4% max

 

[orderflow13]

shorts trigged 3623

 

[rajfal]

shorts trigged 3623

Alex,

The low of first bar was 3651...hence we are all short at 3637

Regards,

Raaj

 

[orderflow13]

Alex,

The low of first bar was 3651...hence we are all short at 3637

Regards,

Raaj

sorry if there is any confusion ..my chart says 3637 so 3637-14= 3623

 

[musicjunkie]

Hammer on 30min.
look at the volumes, half of the previous bearish bar. The hammer negates itself if current bar makes a new low for the day.
SL where they are....

MJ-

 

[HEM]

A Simple question?

How many of us are sleepless with excitement, waiting for the markets to open, and how many of us here are terrified that its 9:56... that time of the day again

Sincere responses would be appreciated

I have excitement waiting for the markets to open but without sleepless

 

[lvgandhi]

No posts from Saint today after market opened in this thread.

 

[Saint]

No posts from Saint today after market opened in this thread.

Very much here,LV.....a yawn day so far.....nothing much to talk about.

Saint

 

[Sunil]

prabhjeetratna, i hope u r "enjoying" today's trade....

as i said, give yourself atleast 2 months full time in this market before making it as your career after you r comfy with it...
but yes, have a positive feeling about the system... don't worry, the law of averages will catch you on the positive side....
ALL THE BEST