Going with the Intraday Mini-Flow!!

[lvgandhi]

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

Regards
VJAY

As you are trading Nifty Futures, don't bring spot in picture.

 

[lvgandhi]

after 12 noon bar, SL for NF is 4282+9=4291.

 

[rishig38]

We are now long at 4250 since PL is broken. Am I right.

vps

huh? I thought we were still short...

 

[lvgandhi]

We are now long at 4250 since PL is broken. Am I right.

vps

In this thread use of PL is not there. However we are short at 4252 . Now SL is 4291.

 

[nagendra_gb]

We are dtill short with 4291 as stoploss right

 

[Smart_trade]

after 12 noon bar, SL for NF is 4282+9=4291.

Stoploss high of 2 bars back so 4286+9 =4295 ?

 

[ThE HaMmEr]

We are now long at 4250 since PL is broken. Am I right.

vps

PL is the wrong word here....

we are short coz 1st 5 min bar's low was broken......


for entry we let the 1st 5 min bar form....

and then go long if HIGH + FILTER is taken out .....

or go short if 5 min bar LOW - FILTER is taken out....


regards

 

[rishig38]

In this thread use of PL is not there. However we are short at 4252 . Now SL is 4291.

LV, I understand your reasoning behind making 4291 the SAR but right after the 12pm bar, we again had a bar high of 4286...shouldn't we leave the stop loss as it is at 4286+9 = 4295??

 

[lvgandhi]

Stoploss high of 2 bars back so 4286+9 =4295 ?

No. Here it is previous bar. Hence SL is 4282+9=4291.

 

[trillian]

after 12 noon bar, SL for NF is 4282+9=4291.

Hi lvg,

I got confused here. How you got 4282? can u explain? I got high as 4286.