Going with the Intraday Mini-Flow!!

[rkkarnani]

dear rkkarnani,
thank u very much for giving nice advice . i have checked historical charts
but things are not so clear about filter & stoploss

Checking and analysisng are different!!! Write down the rules of your analysis, take an arbitary filter to use, say we use 14 & 7 in Nifty now at ~3600, if your script is say of 900, analyse using 4 & 2, write the results in an Excel file, also mention against each trade, the maximum price and minimum price achieved. See how many trades were triggered and gave money and how many got triggered but whipped you!!! Now check if the filter was increased would it help you save a few whiplashes, or see if there are very few false trades can you afford to reduce the filter!!! Do it for a few months, I am sure u will find out the most suitable filter!! Also note that in case you still unable to adjust the filter to get trades per your R/R may be then you need to consider dropping that script for trading as per your set of rules!!!

 

[rkkarnani]

great posts by saint sir.......thank u so much fr everything....

i have a request to make.....can any 1 post japanese candlesticks charts supporting saint sir's post for reversal days......

i wud have done so.....but i donn have historical charts........ ...really helpless here......

i have only live data.or 10 days data frm icharts.........

if ne1 can post it wud b great supporting information.....and great examples..........


thanx...

Good suggestion, sorry I am not computer savvy enough to post the charts!!! Will it help if I send you the data in Excel file...will u be able to post the charts!!

 

[niftychance]

Hello

Charts for 28 - 01 - 2008

I will post them for all the days that Sir has refered to, just will need some time.

Thanks

REVERSAL DAYS:

Means we had a move in one direction and then a right about turn in the opposite direction........A few examples:

JAN 28TH:Short at 5162....BAR 6 making new lows,bring the stops to high of BAR 4 VIZ.5130,which alos happens to be a higher pivot low,and the high of that pivot.....and a reversal candle on the 60.Long above 5130 + room.

 

[Satyen]

Hello

Charts for 28 - 01 - 2008

​

I will post them for all the days that Sir has refered to, just will need some time.

Thanks

It will be great.... waiting your charts


Regards
Satya

 

[niftychance]

REVERSAL DAYS:

JAN 31ST:Short at 5121,cover at 5160 +7=5167...Long at 5167,Out at 5191(Pivot on 15 and sideways on 30....cannot expect more on a day that had big move down and then a big move up and now looking to fall again)....Short at 5191,and cover at 5138 at close.

 

[Smart_trade]

Chart here ...

Good help for all of us NC, you and Satya post great charts !!!

Smart_trade

Edit : Want to add Tsunil's name also

 

[rkkarnani]

15 min tf

By alex_laxya

30 min tf

By alex_laxya

Quote by Saint


FEB 4TH:Look at this one......keep this one in the memorybanks .....4 up bars,followed by a decisive break of previous LL,......the bullish candle followed by a bearish candle taking out the lows is sweet,if multiple bullish candles followed by a bearish candle that straight away breaks the previous LL.....even better.Bulls have no time to react,there is no indecision between bears and bulls before the fall happens,the bulls are caught out in surprise and in panic.......Reverse at that point to great profits.

Alex, Please clarify, though mentioned, neither seems to be a 30 minutes chart!!! Can you kindly reconfirm....the number of bars suggest that it indeed cannot be a 30 minutes chart!!! Maybe 20 minutes!!!

 

[novice1]

H 3487
l 3449

 

[lvgandhi]

high is 3480.8 low is 3455.1

 

[musicjunkie]

H 3481
l 3455