Going with the Intraday Mini-Flow!!

[yashodhan]

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

Agree with you. I too am short since 4255 ( 4264-9)

S/L now 4286 +9 = 4295

 

[VJAY]

paper trade:short at 4252 s/l 4279 Is it right?
Regards
VJAY

 

[ThE HaMmEr]

STOP LOSS:Same as filter.....I put Rs 9,not too much concerned about the distance,the Rs9 has saved me from many a bad trade,so sticking to it.......what is best suited to you,after testing,do that.Basically short the first bar with a stop loss at the bar's high +Rs9 if the first bar breaks to the down.Buy the first bar high with a stop loss at the low of the bar -Rs9.

TRAIL STOP:Let us take the trade as long so that I don't have to repeat the same thing twice.......basically vice versa for shorts.......The second bar of the day(60min bar) puts in a Hgher high and higher low(hope you get it,not higher pivot high and low......just higher high and low.Now the third bar puts in a higher high and low.Move stops to the low of the 2nd bar's low -9.Once the 4th bar makes higher high and low,move stops to the low of 3rd bar-Rs9.

Note:In an uptrend,the lows are being carefully monitored.......in a downtrend,it is the highs that are carefully monitored.In this method,we do not care about uptrend and downtrend.........we care only about rally and decline.But the rules are the same.......RALLY:Monitor LOWS.DECLINE:Monitor HIGHS.

please go through the method carefully........all is mentioned here....

 

[lvgandhi]

paper trade:short at 4252 s/l 4279 Is it right?
Regards
VJAY

what is the basis of SL 4279?

 

[VJAY]

Sorry sir,
I take it from spot.High of 11 am bar +9.

Regards
VJAY

 

[rishig38]

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

I understand that we are trading intraday, but when do we look to cover or settle our trades? Do we close our trades intraday ay some point or wait till it hits our SAR??

 

[alokdaga]

paper trade:short at 4252 s/l 4279 Is it right?
Regards
VJAY

You are probably looking at wrong timeframe

 

[ThE HaMmEr]

I understand that we are trading intraday, but when do we look to cover or settle our trades? Do we close our trades intraday ay some point or wait till it hits our SAR??

friend

here is your answer

PROFITS:If long 6 lots,with a stop loss Rs50 away,once we get a Rs50move,will take off 2 lots ....unless we get a blast off move.Then I am sitting pretty with 10lots till the end of day.

At the end of day,there is pulling out of positions .......basically because want to be out of all before close.So no real rationale as to why there,and not Rs2 ago.

EXITS:Exits are on hitting Trail stops,......at the End of Day.......or taking profits off the table on a weak move up within a dntrend and reversing once the down move starts.

 

[niftychance]

friend

here is your answer

Neeraj

Nice way of answering by Quoting the 'Zen Master' . . .

Thanks

 

[lvgandhi]

I understand that we are trading intraday, but when do we look to cover or settle our trades? Do we close our trades intraday ay some point or wait till it hits our SAR??

Saint has said that if run is good, say your SL is 50 away and you are with +50 in your trade direction, book partial profits. Other wise when your SL is hit Or end of day.