Going with the Intraday Mini-Flow!!

[rajendrani]

dear rajendrani,
PIB have F & O terminal. presently i am useing and it is working good.

Yes I figured that out today after I had called the customer service and they told me about the same. Thanks anyway bro.

Rajendrani

 

[pakatil]

Hi Vineet/ Rakesh/ Saint

Could anyone brief, on what basis we moved the SAR to 3308+7?

Regards

Reji

Surely we were destined to get Huge Gains.

 

[rajesh pawar]

Saint,

how do you trade both 60 min flow and intraday flow simultaneously. Say we are long in 60 min flow and want to short for intraday then for the same month futures it becomes a square off order. Do you trade both the systems in different month nifty futures. In that case do you follow only the near month chart or two charts for different months. Till now I am trading the 60 min flow in mini nifty but the intraday also looks more interesting..

Thanks for giving such a nice method...

 

[beethoven]

Saint,

how do you trade both 60 min flow and intraday flow simultaneously. Say we are long in 60 min flow and want to short for intraday then for the same month futures it becomes a square off order. Do you trade both the systems in different month nifty futures. In that case do you follow only the near month chart or two charts for different months. Till now I am trading the 60 min flow in mini nifty but the intraday also looks more interesting..

Thanks for giving such a nice method...

Some ways:
-- Two diff accounts
-- Minifty in one & Nifty Future in another
-- Diff series but then you will be on your own because all the levels posted here are of current month series

More ideas ??? maybe someone else can chip in. Happy trading

 

[ratan jain]

Friends,

I am sure I saw Saint post the rules agin a few days back, have gone bonkers searching for them, can someone please point me to them, pleaseeeeeeeeeeeee?????

EDIT:

Got it, thanks!

 

[rkkarnani]

Saint,

how do you trade both 60 min flow and intraday flow simultaneously. Say we are long in 60 min flow and want to short for intraday then for the same month futures it becomes a square off order. Do you trade both the systems in different month nifty futures. In that case do you follow only the near month chart or two charts for different months. Till now I am trading the 60 min flow in mini nifty but the intraday also looks more interesting..

Thanks for giving such a nice method...

What I am writing is just half baked, hacent given it any thought but at first glance seems to be correct, so do read it with caution :

I dont think we need two accounts to handle both intraday and 60 minutes flow trades. I presume we are trading the same quantity both apart from ADDs.

Take yesterdays case :
We were long in 60 minutes flow.
We get a Sell signal in mini, we just sell our longs.
So we have nil position in hand now.
Nothing shall happen to our profits in 60 flow though this action squares off our position there!!!
Now as we move down, we book profits, i.e. we buy back!!!
Our original position is gradually back to long!!
In case you while trading you reach a point where Long in 60 need to be reversed, well we need to sell more!!
Or if we do not get a SAR in 60 Flow and need to maintain our longs, we will be long as and when we book part profits in the Mini!!!

 

[Smart_trade]

Distribution of successful trades,failed trades and scratch trades is always random. Some trades will give us huge gains,some will give us moderate gains,some will give us small losses,BUT NO TRADE WILL GIVE US HUGE LOSSES as we trade a method with rigid stoplosses.This distribution of profits and losses (I mean the points gained and lost) is also random so it is important that we take all the trades with a kind of detachment with the outcome.

We cannot pick and choose our trades as there is no method to find out which trades will be profitable and which will not be ( I wish there was one as our lives as traders would have been much simpler ).And many times the most difficult trades (as per what we perceive) will be the most profitable ones making up much more than the losses in bad trades.

I remember a thought which a very successful trader shared in Market Wizards,when asked about whether he knows how much profits/losses he makes he replied that he concentrates on putting a perfect trade and managing it,money part his accountants handle.He has a vague idea about how much he is ahead in the game but he doesnot bother about exact profits /losses made. Great mindset !!!


Just some random thoughts !!!!


Smart_trade

 

[rajfal]

he concentrates on putting a perfect trade and managing it,money part his accountants handle.He has a vague idea about how much he is ahead in the game but he doesnot bother about exact profits /losses made.

Thats the kind of mindset that we all should strive to achieve.......

When I will be able to do that with a hand on my heart.......I will then call myself a Stock Trader....not before that.

Regards,

Raaj

 

[orderflow13]

Very nicely said by Smart_Trade....
Just adding to same ...
Proper money management is essential for successful trading. A disciplined trader cuts his losses short and outperforms a loser who keeps hanging on and hoping. As soon as you buy, place a stop-loss order. Greed and fear destroy traders by clouding their minds. The only way to succeed in trading is to use your intellect. The goal of a successful trader is to make the best trades. Money is secondary. If this surprises you, think how good professionals in any field operate. Good teachers, doctors, lawyers, farmers and others make money - but they do not count it while they work. If they do, the quality of their work suffers. Serious traders place stops the moment they enter a trade. We all like to hope that a trade will succeed - and a stop is a piece of reality that prevents traders from hanging on to empty hope. Learning to place stops is like learning to drive defensively. A stop is not a perfect tool but it is the best defensive tool we have.
Alexander Elder

 

[rkkarnani]

Very nicely said by Nice_Trade....
Just adding to same ...
Proper money management is essential for successful trading. A disciplined trader cuts his losses short and outperforms a loser who keeps hanging on and hoping. As soon as you buy, place a stop-loss order. Greed and fear destroy traders by clouding their minds. The only way to succeed in trading is to use your intellect. The goal of a successful trader is to make the best trades. Money is secondary. If this surprises you, think how good professionals in any field operate. Good teachers, doctors, lawyers, farmers and others make money - but they do not count it while they work. If they do, the quality of their work suffers. Serious traders place stops the moment they enter a trade. We all like to hope that a trade will succeed - and a stop is a piece of reality that prevents traders from hanging on to empty hope. Learning to place stops is like learning to drive defensively. A stop is not a perfect tool but it is the best defensive tool we have.
Alexander Elder

A link to one of the many wats for Plannig your trades!!! Just the basics, may be of some use to us :

http://www. ************/file/67412089/efcf24fd/T2W_Trading_Plan_Template_2005.html