Going with the Intraday Mini-Flow!!

[ratan jain]

MACD Histogram ? In Saint's mini flow ? When ? How ? Which ? Where ? Why ?

Just joking , columbus ....


Smart_trade

But dear, Macd Histogram is considered ONLY after the TRIN, TRIX, ADX, VIX, BIX, STIX, MIX, FIX and RIKS first turn in favor of the trade.

ONLY then do we look at the MACD histogram, and if that also, supports, we then look at the rest if the 32 indicators in the system

 

[Saint]

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!!!

I have 2 accounts,and treat it like 2 different traders trading 2 different strategies in 2 different accounts..........hmmm,deja vu,feels like I have said the same lines before.

Saint

 

[Saint]

Posting Fridays NF 30 min chart with entry ,and add points marked on it.

Best Wishes,

Smart_trade

Great stuff,Smart

Saint

 

[rkkarnani]

I have 2 accounts,and treat it like 2 different traders trading 2 different strategies in 2 different accounts..........hmmm,deja vu,feels like I have said the same lines before.

Saint

I distinctly remember your writing it!!! But as the query cam up again and also because as a contrarian view I felt it can be managed with a little more effort in a single account, hence had posted it!!!

 

[Smart_trade]

But dear, Macd Histogram is considered ONLY after the TRIN, TRIX, ADX, VIX, BIX, STIX, MIX, FIX and RIKS first turn in favor of the trade.

ONLY then do we look at the MACD histogram, and if that also, supports, we then look at the rest if the 32 indicators in the system

Ha Ha Ha..... good one ratan jain !!!!,

ST

 

[rajendrani]

Posting Fridays NF 30 min chart with entry ,and add points marked on it.

Best Wishes,

Smart_trade

Thanks buddy for this, awesome, greatly appreciated.

 

[musicjunkie]

I have 2 accounts,and treat it like 2 different traders trading 2 different strategies in 2 different accounts..........hmmm,deja vu,feels like I have said the same lines before.

Saint

MB had mentioned to trade the same contract with their own methods
For example
Nifty oct- 500 long on 60min
Next day we go short on the miniflow with 1,000 ; cover same amount at the end of the day and we have 500 still long for the 60 flow.

Is trading like that okay? ST Prabhjeet, how are you guys managing?

MJ-

 

[Prabhjeet]

MB had mentioned to trade the same contract with their own methods
For example
Nifty oct- 500 long on 60min
Next day we go short on the miniflow with 1,000 ; cover same amount at the end of the day and we have 500 still long for the 60 flow.

Is trading like that okay? ST Prabhjeet, how are you guys managing?

MJ-

Actually its quite ok to trade the same stocks with 60 min. and miniflow in same account, I have been doing it for HDIL since 2 weeks but I must admit that I made a very stupid mistake once.

What I did was that I was long HDIL in 60 min. and short HDIL miniflow, I added to my position intraday but very foolishly forgot to square off the add at the end of day and ended up reducing my long positions in HDIL.

Though this is a very foolish mistake but I am sure such confusions can arise, thats why I am thinking of opening another account.

I also had another idea. In Indiabulls we can trade intraday in cash with same brokerage,so we can actually trade cash stocks intraday and it would automatically getcsquared off at 3 pm so no worries of settling it ourselves, though we may end up paying a bit more prices than if we square ourselves

 

[musicjunkie]

Actually its quite ok to trade the same stocks with 60 min. and miniflow in same account, I have been doing it for HDIL since 2 weeks.

Ahhh..prabhjeet, well Iv been there,
I feel awful when something stupid like that happens, eats me up too for days.....

In indiabulls if we can switch accounts with one click then a new account is fine. When putting an order, look at the left side, you'll see your account name in a dropdown box, if we can choose different accounts from there then it will be better to open a new account for daytrades.

Ill ask my Rep and find out, otherwise trading the same account is O.K!

MJ-

 

[Smart_trade]

MB had mentioned to trade the same contract with their own methods
For example
Nifty oct- 500 long on 60min
Next day we go short on the miniflow with 1,000 ; cover same amount at the end of the day and we have 500 still long for the 60 flow.

Is trading like that okay? ST Prabhjeet, how are you guys managing?

MJ-

Hi MJ,

Though I have more than one trading accounts, I prefer trading 60 min and mini flow positions in the same account .I have been doing that without any problem or confusion. In fact it is better ,many times you dont pay double margins. Let me explain,

Suppose you are 3 nifty contracts long on 60 min flow,and you get a sell signal in mini flow. And as my stoploss is generally close in miniflow suppose I decide to short 5 contracts,I go ahead and sell 5 contracts. Thus my position with my broker becomes +150 -250 =-100 (net) and my margin gets blocked only for 100 nifty. If I trade these positions in two different accounts,then broker A charges me margin for my 150 long nifty and broker B charges me margin for 250 short nifty ,so the total margin which gets blocked is for 150 and 250 equal to 400 nifty.So my 4 time margin gets blocked intraday.In short I get a netting effect for my margins.Even if there are two accounts with same broker,margins do get blocked as shown above.Two a/c ,means no netting.

I have nothing to do with my position with my broker for me my position is as under :

60 min positional trade Mini flow intraday trade

Long 150 (long 3 contracts) Short 250 (short 5 contracts)


So at the end of the day,assuming there is no position change in 60 min trade,I cover my short position in mini flow trade so EOD my posn becomes
+150 -250 + 250 = + 150 and that is my carry home position for 60 min system.

The above is to be done ONLY if you can view these two positions as separate.Initially people may find it difficult and if you have to constantly peep into your net position window for trading comfort,then two separate accounts is recommended.

Hope the above clarifies,

Smart_trade