Going with the Intraday Mini-Flow!!

[Saint]

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

Hi VPS,

Meaning that the Entry is a Definite,the Add if any is a definite,the Stop Loss is a Definite,..............but whether to reverse this trade or just get out of the present trade,that control trigger is in our hands.

So far,most if not all have been straight up reversals and change direction.........but there are times(will hunt for a few scenarios at night!)when one would just take the stop,not reverse,and then get back in the preexisting trend once it resumes.

Saint

 

[ThE HaMmEr]

current position of this thread

NF short @ 4252

SL 4309

 

[Saint]

Saint, In the chart of 1st September as per my 'eye' the flow is still down with the close of 1 PM bar, made a lower low than the previous bar, now the 2 PM bar akes a higher low and closes UP!! Should we not go long above this bars high!!??

The rule here is different from the 60min Flow.........it is the Pivots that guide us there.Here it is Bar by Bar Analysis.

Bar 1rice
Bar 2:Lower lows and highs,stop above Bar 1 high
Bar 3:Lower lows and Highs,stop above Bar 2 high.
Bar 4:Lower lows and highs,stop above Bar 3 high.
Bar 5:Higher highs and lows,reverse if Bar 4 high is taken out.

Bar 4 is taken out at Bar 5 or 6.........it is a Long over the high of Bar 4.

We are still with a Flow,but not using Pivots.....more Bar to Bar.

And the Eye doesn't count for much in this method.......from what I have seen so far.

Saint

 

[lvgandhi]

trillian,lvg,

I used 7 as filter. Is it wrong?

vps

Saint has said in his post whatever is comfortable to you, follow it, but consistently.

 

[lvgandhi]

current position of this thread

NF short @ 4252

SL 4309

After 11:00 bar, it is 4286+9=4295 is SL.

 

[Smart_trade]

Smart, The high in my charts is 4325, PIB also has this figure!!! How to overcome this anomaly, which i find happens all the time in the opening bar!!!!

Yes RKK, First 5 min bar on PIB showing 4300 as high but Trader Workstation showing 4325 as high going as per bar

 

[kapil123]

After 11:00 bar, it is 4286+9=4295 is SL.

I think if it does not make a lower low, the SL remains unchanged

 

[Saint]

One Question from me: Consider i'm trading NIFTY Future in pure 60 min flow and i'm short and as per mini flow it's long, how do you manage both?

Nifty Future sep 17 and 18th data

2 different hats,........do whichever suits your temperament best.If you can do both simultaneously,even better.I would be short the 60min Flow,and long the Intraday.......don't look at nett positions and all that.

60min has its rules,Intraday has its rules........it's like 2 different traders trading 2 different trades in 2 different accounts.

Saint

 

[rkkarnani]

The rule here is different from the 60min Flow.........it is the Pivots that guide us there.Here it is Bar by Bar Analysis.

Bar 1rice
Bar 2:Lower lows and highs,stop above Bar 1 high
Bar 3:Lower lows and Highs,stop above Bar 2 high.
Bar 4:Lower lows and highs,stop above Bar 3 high.
Bar 5:Higher highs and lows,reverse if Bar 4 high is taken out.

Bar 4 is taken out at Bar 5 or 6.........it is a Long over the high of Bar 4.

We are still with a Flow,but not using Pivots.....more Bar to Bar.

And the Eye doesn't count for much in this method.......from what I have seen so far.

Saint

Saint, Think I am getting it a bit!!! May be I will post a chart and try to understand a bit better, but shall do it after market hours!!!
Am simply surprised that you take out time to post evenduring trading hours!! and that to not just yes know or trade levels but full explanation!!!
Hats off!!!

 

[lvgandhi]

I think if it does not make a lower low, the SL remains unchanged

11:00 bar has made a lower high and also Lower low. In shorts, I think, lower highs are important.