Going with the Intraday Mini-Flow!!

[rkkarnani]

Dear Saint,
I am posting trades for first Sep 2008.

Am I correct?

LVG, May be not!!! The reversal to long should be above the 2 PM bar+ filter!

My thinking, it had made a higher low and closed Up!!!

Let us wait for Saints view!!!

A few things like when to refer to 30 minutes chart , where and when to add, where to exit in a straight up move....etc. are yet to be clearly understood by me !!!!

 

[vpsarathy]

RKK,

Genuine discussions by seniors relevant to the topic are a source of learning. But Quoting and thanking should be avoided. There are buttons for Thank you message. Juniors can always use the other thread for questions. I missed out the word 'Juniors' while naming the thread. Some people even though they joined in Apr/May don't consider themselves juniors and will continue to post here only. Such are the occupational hazards.
vps

 

[Saint]

Everything here.......questions and answers both.Deletion of Posts also not required unless it has nothing to do with the topic discussed.

Saint

ps:Cannot manage too many threads....

 

[Saint]

Will be putting up a chart with today's trades at the end of the day........as always the good trades and the blunders and what should have been done instead.

All the best!
Happy Trading!
Saint

 

[Smart_trade]

In NF we go long above 4300 +9,short below 4261-9

If one level triggred other to act as SAR

 

[vpsarathy]

Saint

" STOP AND REVERSE: Not necessarily.........we are trading the 60min charts, and therefore our perspective chart would be Daily, which we are not too much bothered about. But a massive downtrend and a tiny bar on low volumes takes out our trail stops doesn't exactly put us back on longs mode.......we still adhere to our trail stops, but if the low of that bar-Rs9 is taken out, we are back to shorts. And yet, we get a nice bottoming tail on the 60,yep,we are going to stop and reverse......."

Didnot follow at all. Pl explain in simple terms.

vps

 

[Smart_trade]

This is a mini flow thread,initial entry on first 5 min bar trade mgt on 60 min

 

[niftychance]

In NF we go long above 4300 +9,short below 4261-9

If one level triggred other to act as SAR

Short trade triggered with SL 4309

 

[vpsarathy]

The low of 5 min bar is broken,shorted at 4255. Am I right?

vps

 

[lvgandhi]

The low of 5 min bar is broken,shorted at 4255. Am I right?

vps

Yes. I am also short at (4261-9)4252 with SL 4309