Going with the Intraday Mini-Flow!!

[Muktha]

Thanks to saint sir & other seniors.

regards
mr

 

[ARMHM]

nearly all r out of their shorts now (i m referring to the trading position, BTW)...

so, only for academic purpose, SAR is now at 3170+7... by 4 bar rule...
right?

hahahahahaha

 

[HEM]

My trading app does not provides option to set SL. Hence when prices moves towards SL I place the order. Eg. Was Long at 3167 placed a sell order at 3090 but the terminal executed at cmp of 3118. Hence loss now long again at 3118.

Can't even take a loo break

which charting software and broker you are useing ?

 

[musicjunkie]

MJ,

Not a good day in HDIL today.........well,neither in NF by the way.......all part of the game........these kind of moves taking out both bull and bear positions usually signal a big move either direction soon.........so not to worry about today....capitalise on that move when it happens.

And as always.....tommorrow is a new day.

Saint

Yes Saint, whenever i get whipsawed I always think im comming closer to that day where the entire day's move will be unidirectional. Im sure we will all close in black by the end of the week!

PS: according to my tests, I will only use 20min for pivot, no 15mins in HDIL, refer to 60min charts when multiple small bars go against my position and SL is miles miles away.

Regards,
MJ-

 

[musicjunkie]

MJ,

Just testing days... maybe the market wants to play around with you before giving you huge gains...
After good ONE way profitable trades... it is quite likely that the market throws us in either direction... but once the market finds a direction we will ride the trend... until then a bit of these type of trades on the cards....

Trade Well

Regards

Yup MB, But the good thing is that we traded 'em all, that's good enough.

MJ-

 

[Smart_trade]

All of us made some mistakes today because of volatility and fast moving markets. But if one had followed the system fully with 1 add,1/3 profit booking rule then it was not a bad day at all.

I just did the maths for the three trades we took with 3 contracts initial position,only 1 add (2 contracts),2 contracts booked at 1/3 position booking level and balance on SAR or end of the day and I find that the total profit in NF today is Rs 12,300/- or 82 points on our initial position of 150 nifty

Not a bad day at all for the system.

So friends,cheer up ,everything was not bad today,


Smart_trade

 

[beethoven]

All of us made some mistakes today because of volatility and fast moving markets. But if one had followed the system fully with 1 add,1/3 profit booking rule then it was not a bad day at all.

I just did the maths for the three trades we took with 3 contracts initial position,only 1 add (2 contracts),2 contracts booked at 1/3 position booking level and balance on SAR or end of the day and I find that the total profit in NF today is Rs 12,300/- or 82 points on our initial position of 150 nifty

Not a bad day at all for the system.

So friends,cheer up ,everything was not bad today,


Smart_trade

If we adhere to the rules we will more or less be always in profit. The losses will rare and even if losses are there it will very less. But requires nerves of steel. Today is one such example and also if we look at last few days up and down violent movements.

 

[pakatil]

All of us made some mistakes today because of volatility and fast moving markets. But if one had followed the system fully with 1 add,1/3 profit booking rule then it was not a bad day at all.

I just did the maths for the three trades we took with 3 contracts initial position,only 1 add (2 contracts),2 contracts booked at 1/3 position booking level and balance on SAR or end of the day and I find that the total profit in NF today is Rs 12,300/- or 82 points on our initial position of 150 nifty

Not a bad day at all for the system.

So friends,cheer up ,everything was not bad today,


Smart_trade

Surely not a Bad Day at all. Normally I trade with 2 lots (One for Scalping & other for Flow). No Adds. 72 points (totally) not bad at all.

I must also add that the timing of Repo Rate Cut, helped our cause. We moved SAR from 3102 to 3177.

Cheers

 

[orderflow13]

All of us made some mistakes today because of volatility and fast moving markets. But if one had followed the system fully with 1 add,1/3 profit booking rule then it was not a bad day at all.

I just did the maths for the three trades we took with 3 contracts initial position,only 1 add (2 contracts),2 contracts booked at 1/3 position booking level and balance on SAR or end of the day and I find that the total profit in NF today is Rs 12,300/- or 82 points on our initial position of 150 nifty

Not a bad day at all for the system.

So friends,cheer up ,everything was not bad today,


Smart_trade

Yes Smart_trade
I was one of them who erred today, not bcuz of not sticking with the rules but bcuz of volatility, as sar moves and add moves ( especially first add on short ) were very fast happened in one bar itself.
Lesson learned today how to day trade on volatility. And how to get rid off Monday blues( so many times found concentration is not at par on Monday )
Thanks for the overview as always.
Alex

 

[milkyblack]

And we will take all the trades even today and here after
Good Luck for today!

Regards

Yup MB, But the good thing is that we traded 'em all, that's good enough.

MJ-